New Good Faith Estimates, HUD-1 Form Provide Benefits to Borrowers

New RESPA Regulations, HUD-1 Effective January 1, 2010 Changes under the Real Estate Settlement Procedures Act provide some improvements to borrowers, making it easier to compare loan terms and committing lenders to stick with their quoted fees. The new Good Faith Estimate (GFE) will be uniformly used by all lenders so that borrowers will be … Continue reading New Good Faith Estimates, HUD-1 Form Provide Benefits to Borrowers

Selling in a Region that is Experiencing a Challenging Market

       You’ve heard it before, the three most important attributes of real estate -- 1) Location, 2) location, and 3) location.  Real estate is local.  In these economic times, some experts will tell you that in your neighborhood or general location now is not the time to sell your home.     But selling … Continue reading Selling in a Region that is Experiencing a Challenging Market