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The Real
Estate Settlement Procedures Act (RESPA) is a consumer protection
statute. It covers one-to-four family residential property purchase loans,
assumptions, refinances, property improvement loans, and equity lines of
credit. Section 10 of the RESPA limits the amount of money a lender may
require the borrower to hold in an escrow account.
If you are purchasing a property is Tarrant County, make sure you aware of
local and national lending procedures and requirements. Make sure you
are informed on current lending issues and all of the options available as a
home buyer in Texas. If you have any questions over the process or
rule and regulations, contact DFW Urban Realty and let one of our Fort Worth
Realtors and explain the lending process in detail and answer any questions
you may have.
Your Rights
under The Real Estate Settlement Procedures Act.
Text of The
Real Estate Settlement Procedures Act
RESPA Rules
relating to disbursements from escrow accounts.
What can you
do to get a refund if the lender was at fault for paying the tax bill
late?
Here is a list
of various (FAQs) that the Office of Single Family Housing within HUD has
collected for citizens and partners.
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