Does The State of Nevada Have Information To Assist People Facing Foreclosure?
The State of Nevada does have a website completely dedicated to assisting those who are facing foreclosure. See Nevada Foreclosure Website Tip #16 – What New Government Regulation Could Potentially Delay Your Closing Date? Effective July 30, 2009 (HERA) Housing and Economic Recovery Act amends the Truth in Lending Act (TIL), implemented through Regulation Z. It has a number of provisions including the Mortgage Disclosure Improvement Act, which changes the Truth in Lending Act requirements surrounding early and final disclosures to homebuyers and addresses when lenders can accept payments for charges associated with a new loan. Make sure you ask your preferred lender about this new regulation. This will impact your closing dates! Tip #19 – Who is responsible for paying the HOA (resale) package? Effective June 9, 2009, when selling a home that is part of a common interest community, providing the resale (HOA) package is “at the expense of the unit’s owner.” [See SB 253, Section 8] The cl
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- Does The State of Nevada Have Information To Assist People Facing Foreclosure?
