What is Your Basic Rights as Homeowner
The Real Estate Settlement Procedures Act (RESPA) is often referred to as one on the most important laws helping homeowners. It was enacted in 1974 and became effective June 20, 1975. This law was enacted primarily to protect consumers during the home buying process and after. The Department of Housing and Urban Development(HUD) is responsible for watching and enforcing RESPA.
A few of the key things that RESPA requires lenders to provide are:
A Special Information Booklet
This Booklet will help a borrower to provide financ..[..] Read More..
