Thursday, April 12, 2007
RESPA - and another title company that violated it
RESPA is Real Estate Settlement Procedures Act. It is a group of laws that were put together over 30 years ago to protect home buyers.
One of the ideas of the RESPA is that title companies are not to pay bribes to real estate agents, brokers, or builders to get business.
Well another title company has gotten busted doing exactly that.
Here is a link the the news release: http://www.hud.gov/news/release.cfm?content=pr07-041.cfm
One of the ideas of the RESPA is that title companies are not to pay bribes to real estate agents, brokers, or builders to get business.
Well another title company has gotten busted doing exactly that.
Here is a link the the news release: http://www.hud.gov/news/release.cfm?content=pr07-041.cfm
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