Pre-Endorsement - NRMLA

Recommendations

Info

Disclosures and Documents • Ensure disclosures are accurate – Do they reflect the reality of the transaction? – Were re‐disclosure requirements satisfied? • Payment Plans and HUD‐1’s • Correct Vesting (Oh…You’d be amazed!) • Did the right folks sign the right documents?
• HECM for Purchase Post <strong>Endorsement</strong> – Assets required for closing are not documented appropriately – Financial capacity • Subject property plus vacating residence obligation • Tax returns for existing rental properties – Failure to disclose ownership of other properties • Highlights possible occupancy issues
Page 1: FHA Update Santa Ana Homeownership
Page 7: • Occupancy Post Endorsement - Qu
Page 11 and 12: Industry Consolidation “And then
Page 13 and 14: • Pre‐Appraisal Services - Who
Page 15 and 16: Advertising at it’s “Best”?
Page 17 and 18: HUD Regulations (Cont.) Helping Fam
Page 19: Sanctions and Administrative Action
Page 26: On behalf of HUD & NRMLA, thank you

Pre-Endorsement - NRMLA

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?