Use My Title Company or Else

More tips on RESPA law, guidelines and violations for real estate agents and loan originators from former HUD investigator and RESPA expert, Dr. Gary Lacefield.

This week’s question is, I just closed a loan where my customer bought a foreclosure through an REO company who handles properties for various banks and mortgage companies. We were set to close when we got a call from the title company who said they did all the closings for this company and we HAD to use them. Isn’t this a violation?

View the RESPANewsUpdate.com video here. This educational video and the RESPANewsUpdate.com website were created by WebCasting.com, based in Dallas, Texas. This video is provided for free, compliments of Premier Mortgage Funding, Inc.

For more about Dr. Lacefield, visit RiskMitigation.net or GoGetRealEstate.com/Get/GLacefield.