Real Estate and Lending Disclosure
Rebate Program
The Rebate Program is offered to those people who use our website, and one
of our recommended realtors and lenders, throughout the process of
selling/buying a home to final settlement. The program is available in most
states, but cannot be guaranteed, and is void where prohibited by law.
Certain States and Loan Programs do not allow for the cash rebate program.
Our Rebate Program is not to be used in conjunction with another
company's rebate, relocation, and/or referral program.The amounts
offered to you are based upon the fees received by Price-My-House.com. The
fees represented are based on one side of a typical sale and a typical
commission rate of 3%, if there is a different fee commission paid, other
than what was reflected, and any other fees that are to be paid to you, all
will be reflected on your disbursement letter from us prior to closing. This
letter will be sent to you before closing and those fees will be stated on
your closing statement. We will need a signature from you on this
disbursement letter, prior to closing, in order for you to receive this
rebate. We cannot disburse any cash or rebates after the close of escrow.
This rebate program is not available for sales under $100,000. There may be
tax consequences to receiving our rebate, so we advise for you to consult
with your tax advisor prior to accepting our rebate. We are not a mortgage
broker. We do not make mortgage loans. We cannot guarantee acceptance into
any particular loan program.
Although we will do our best for you to receive your rebate, at this time
the rebate program is not available in the following states: Arkansas,
Kansas, Kentucky, Louisiana, Mississippi, New Jersey, Oklahoma, and West
Virginia. Where it is questionable is Idaho, Iowa, Missouri, Oregon, Rhode
Island, and Tennessee, please consult your closing attorney and/or realtor
regarding these states. We are in the process of implementing a gift card
program for those states that do not allow a cash rebate. Please refer to
this section in the future for upcoming promotions! If you do not qualify to
take advantage of our rebate program, we would gladly welcome you to
participate in our network services and other great benefits!!
All offers made by Price-My-House.com may be subject to change or
discontinuation without notice.
The Fair Housing Act
The Fair Housing Act prohibits discrimination in the sale, lease, rental or
financing of housing because of race, color, religion, sex, handicap,
familial status, or national origin.
Civil Rights Act of 1866
The Civil Rights Act of 1866 prohibits all racial discrimination in the
sale or rental of property.
Americans with Disabilities Act
Title III of the Americans with Disabilities Act prohibits discrimination
against persons with disabilities in places of public accommodations and
commercial facilities.
Equal Credit Opportunity Act
The Equal Credit Opportunity Act makes discrimination unlawful with respect
to any aspect of a credit application on the basis of race, color, religion,
national origin, sex, marital status, age or because all or part of the
applicant's income derives from any public assistance program.
State and Local Fair Housing/Fair Lending Laws
In addition to the federal anti-discrimination statutes, many state and
local governments have enacted regulations prohibiting discrimination in the
sale, lease, rental or financing of housing on the basis of the neighborhood
the property in which the property is located, sexual orientation, mental or
physical illness, political affiliation, lawful source of income,
environmental conditions or other characteristics. Contact your state or
local housing agency for additional information.
Summary of the Real Estate Settlement Procedures Act (Regulation X)
The Real Estate Settlement Procedures Act (RESPA), is designed to
ensure that consumers are provided with timely and accurate information
regarding the nature and costs associated with residential real estate
transactions. The other primary purpose of RESPA is to prohibit abusive
practices such as kickbacks, referral fees, and excessive escrow
requirements which might add to the cost of settlement. RESPA applies to all
"federally related mortgage loans," which includes any loan made by a
federally insured financial institution secured by a first or subordinate
lien on residential real property (including a refinance of such a loan)
upon which there is located or placed a structure designed for one to four
family occupancy (including individual units of condominiums or
cooperatives).
Other areas covered by RESPA:
* Good Faith Estimate (a suggested format as set forth in Appendix C of
Regulation X)
* Loan Origination Manuals
* Mortgage Broker Agreement
* Affiliated Business Arrangement
* A HUD-1 or HUD-1A (if no seller involved) Settlement Statement must be
used in every settlement involving a federally-related mortgage loan,
itemizing all charges imposed on borrower and seller by the lender.
* Borrower must be permitted to inspect the completed HUD-1 or HUD-1A one
day prior to closing.
1996 Amendment to RESPA
This is to give you notice that Price-My-House.com has a business
relationship with Realtors and Lenders and other service providers. Because
of this relationship, a referral fee, financial, or other benefit may be
given to us for your information, given with your permission through our
forms. You are NOT required to use our listed provider(s) as a condition for
your loan on the purchase, sale, or refinance of your property. THERE ARE
FREQUENTLY OTHER SETTLEMENT SERVICE PROVIDERS AVAILABLE WITH SIMILAR
SERVICES. YOU ARE FREE TO SHOP AROUND TO DETERMINE THAT YOU ARE RECEIVING
THE BEST SERVICES AND THE BEST RATE FOR THESE SERVICES.
Price-My-House.com does not guarantee or warrant the services provided by
real estate brokers, lenders, or third parties that we refer to you.
Set forth below is the estimated charge or range of charges for our
settlement services:
** Sales Price x commission rate = gross commission. Gross commission x 30%
referral fee = amount received by
Price-My-House.com. From this amount, a consumer's rebate(s) is paid.
If you suspect discrimination in housing, you may be file with the nearest
office of the United States Department of Housing and Urban Development
(HUD), or by calling HUD's toll free numbers, 1-800-699-9777, or
1-800-543-8294.
You can also contact HUD on the Internet at
http://www.hud.gov/fhe/fheo.html.
