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From Lorman Education Services
The Interstate Land Sales Full Disclosure Act: Application to Condominiums and Single Family Homes
...properly drafted contracts for condo units or homes, or a HUD registration, is a common error of developers and exposes them to individual rescission actions and sometimes class action suits on a broad scale. Finally, the issue of piggyback exemptions will be explored and discussed. Whether to defend against rescission for sales already made or to increase the chance of compliant future sales,
more...
The Interstate Land Sales Full Disclosure Act: Application to Condominiums and Single Family Homes
...properly drafted contracts for condo units or homes, or a HUD registration, is a common error of developers and exposes them to individual rescission actions and sometimes class action suits on a broad scale. Finally, the issue of piggyback exemptions will be explored and discussed. Whether to defend against rescission for sales already made or to increase the chance of compliant future sales,
more...
Understanding the New GFE and HUD-1/IA Settlement Statements
...dramatically changes both the Good Faith Estimate and the HUD-1 and HUD-1A Uniform Settlement Statements required by the federal Real Estate Settlement Procedures Act and creates significant new responsibilities and potential liabilities in connection with the preparation and provision of those forms. No loan originator can afford to do business after year-end without a complete understanding
more...
...dramatically changes both the Good Faith Estimate and the HUD-1 and HUD-1A Uniform Settlement Statements required by the federal Real Estate Settlement Procedures Act and creates significant new responsibilities and potential liabilities in connection with the preparation and provision of those forms. No loan originator can afford to do business after year-end without a complete understanding
more...
