Title: HUD Settlement Costs Booklet Revised 1-6-2010
Post:
Here’s the link - looks like some minor changes to the booklet. I have not had a chance to read what the changes are, but if you ordered booklets from HUD, you might want to double check and make sure you received the lastest version. P.S. I ordered my HUD booklets January 8 and have not received them yet. They said it would take 5-10 days.
http://hud.gov/utilities/intercept.cfm?/offices/hsg/ramh/res/Settlement-Booklet-January-6-REVISED.pdf
You can’t order them online (not yet anyway). Call 800-767-7468. It’s HUD Customer Service (who knew they had one:) Maximum per order is 100. You’ll have to hang up and call if you want to order more–but will only ship 100 at a time.
Spanish Version is not yet available. They said it will take about 10 days to receive.
The 49 page consumer booklet has just been released on HUD’s site. You’ll need to start using it on Jan 1, 2010.
It’s the best I’ve seen–and recommend that you use as YOUR tool to explain the process to your clients. Suggest you start on Page 11, called “Your GFE Step-By-Step”. Hold a sales meeting with Real Estate Agents and review the booklet with them as they will be getting questions about it too. (Pages 4-8 apply to them)
On the same page link, you’ll also find a 29 page ”power point presentation” by HUD called ” RESPA Training - Dec 2009″ No audio but suggest you print and review.
http://www.hud.gov/offices/hsg/ramh/res/respa_hm.cfm
Tags: booklet, consumer, costs, GFE, Gov, home, HUD, loan, RESPA, Settlement, shopping