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In the past builders could offer an incentive to a buyer if the buyer agreed to use the builder's mortgage company. As of January 16th, 2009 builders who have a partial of full ownership interest with a lender are not allowed to offer an exclusive incentive that requires buyers to use their lender.
Builders must now offer the same incentives (closing costs - upgrades, etc.) to all buyers regardless of who the buyer uses as their mortgage lender. This new rule is a result of HUD's final RESPA ruling.
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