Protection for Homebuyers

Due to federal law, homebuyers are protected with certain provisions during the loan process and the loan servicing process following a settlement. The circumstances in which your protected are widespread.

Some of them include:

• Your lender overcharged you during settlement without reimbursement.

• A settlement service paid or received a kickback for a business referral.

• You were mandated to use a company affiliated with your real estate agent, builder, or originator.

• Your loan servicer failed to pay your taxes or insurance premiums in a timely manner.

• You don't receive a response from your loan servicer regarding a request for information or a reported error.

• You were charged for insurance you don't need or overcharged for force-placed insurance.

For more information on title insurance, contact Cambridge Title Company by email at info@cambridgetitleco.com or by phone at 224-330-1886.