Wednesday, November 29, 2006

Call the RESPA police at...

202-708-0502 or e-mail at: hsg-res-pa@hud.gov. No joke.

I know we've posted on HUD's work regarding the various "schemes" where builders/developers encourage (force) buyers to use their mortgage companies before but I've also seen some pieces lately about the effectiveness of HUD's enforcement division. That's good stuff! The typical facts are builders/developers holding buyers earnest money hostage when the buyer waivers on using builder/developer mortgage and title companies.

Use these regulatory agencies...it's much faster than litigation!

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