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The good faith estimate is just what it states; an estimate. The HUD1 (settlement Statement) shows actual closing costs. The lender placed the money into escrow to pay the insurance if there is an overage then it is refunded to you. It would be a violation of RESPA for the mortgage company to be paid any amount that is not listed on the HUD1 outside
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If by chance the Attorney wants to pay the Mortgage Company let him know that by doing so would be a violation of RESPA. The mortgage company can only be paid what is listed on the HUD1 (Settlement Statement) at closing. No party to the transaction can be paid one cent outside of closing. The Lender placed the money in the Attorney's escrow account
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From what I understand here you refinanced your current mortgage with a different lender. In this case the Mortgage Company is not entitled to your insurance refund. The Mortgage Company can only be paid what is first listed on the good faith estimate and what is listed on the HUD1 (settlement statement) at closing. The mortgage company can not be paid
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Don Smith, phone number 561-630-8466. Fax number 561-630-8107
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If I could give you 10 stars I would, a very informative video. If the Democrats have the answer why didn't they do something this time last year, OH I forgot last year was an election year they did not whant to do anything that would make the cabinet look good. The House and the Senate do not know what to do, at this point everything is a gamble
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I have a strange one here. My client called me last night and said he heard that FHA is providing up to $25,000 to a FTHB to help buy a house. I immediatly told him I have not heard of that; you may be talking about the tax credit that may go up to $15,000 this year and you may not have to pay it back. He said that was not it and he called FHA and they
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[quote user="Texas Certified Appraiser / FHA"]A little bit long but funny http://uk.youtube.com/watch?v=bNmcf4Y3lGM [/quote] I saw this about 6 months ago, it is a classic and still funny.
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[quote user="Anonymous"]I am a home improvement contractor in CT. I want to be able to do condominium inspections for condo boards. Basically, I would take a look at the roof, siding, trim boards,paint,gutters and wood rot. I would photograph all items I find with issues and present text with photos and submit a invoice. I cant not seem to
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I would check with State regulatory body that governs Real Estate Agents in your State. In Florida you can take as many times that you need to pass it.. I know of a few agents who took the test 8 times before passing it.
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[quote user="John Rodgers"] So does the bank pay all of your expenses or does it come out of your "branch" profit center? If not, you are a net branch. [/quote] The branch pays all expenses, there is a per file fee for all brokered loans of 3/8's of a point up to a max of $1100 per file. If we bank the loan with Eagle then there