Starting in January of this year new guidelines went into effect surrounding the RESPA (Real Estate Settlement Procedures Act) statutes. RESPA exists as a protection for consumers and covers closing costs and settlement procedures. Among the many protections offered to buyers is a ban on kickbacks which increase the cost of settlement services. RESPA also […]
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Only just over a week remains for buyers to take advantage of the federal government’s latest tax credit program. This “Extended Tax Credit” allows qualifying first-time and some previous homeowners to receive either up to $8,000 or $6,500 respectively. The expiration of this credit comes in two phases with buyers having to be under contract […] |
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