Transcription of BUYING YOUR HOME
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BUYING YOUR HOMES ettlement Costs and Helpful InformationJune 1997 June 1997 HUD-398-H(4)HUD-398-H(4) Department of Housing and Urban Department of Housing and Urban DevelopmentOffice of Housing - Federal Housing AdministrationOffice of Housing - Federal Housing AdministrationTable of ContentsTable of & Financing A HomeBuying & Financing A of the Real Estate an of the Agreement of For a a settlement Title Your Loan Protection Against Illegal Referral Right to File settlement CostsYour settlement settlement the Amount You Need At To Costs Shared By Buyer and settlement Page ! You have decided to buy a new home. This booklet will help you take this bigfinancial step by describing the home BUYING , home financing, and settlement process. Lenders andmortgage brokers are required by federal law, the Real Estate settlement Procedures Act ( RESPA ),to give you this booklet.
should only be responsible for the portion of these expenses owed after the date of sale. v Settlement Agent/Escrow Agent or Company. Depending on local practices, you may have an option to select the settlement agent or escrow agent or company. For states where an escrow agent or company will handle the settlement, the buyer, seller and
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