REAL Credit Terms & Conditions
REAL Credit™ terms & conditions
Federal Title & Escrow Company ("FTE"), through its REAL Credit™ program, offers homebuyers a substantial credit to reduce their closing costs. Homebuyers will receive a credit simply by choosing FTE as the settlement agent and ordering services online.
The following sets forth the terms & conditions by which a REAL Credit™ partner (real estate agent, mortgage lender) or homebuyer may qualify and participate in this program:
The REAL Credit™ partner or the homebuyer must order settlement services online at www.federaltitle.com.
A REAL Credit™ partner must be a licensed real estate agent in the District of Columbia, Maryland or Virginia.
The subject property must be located within the Washington, DC metro area, including but not limited to Washington, D.C. proper; Montgomery County, MD; Prince George's County, MD; Arlington County, VA; Fairfax County, VA; City of Alexandria, VA.
A homebuyer will receive the benefit of the credit (or a portion thereof); subject to their lender's underwriting requirements.
A homebuyer must elect to purchase owner's title insurance coverage without the benefit of a reissue rate discount in order to receive the credit (only applies for DC & MD properties). However, FTE will honor a reissue rate discount in lieu of the REAL Credit™.
Homebuyers will be required to attend the settlement at the offices of Federal Title & Escrow Company, located in the Chevy Chase Pavilion Building at 5335 Wisconsin Avenue, NW, Suite #700, Washington, D.C., 20015.
The REAL Credit™ will not apply to the following types of transactions: purchases of new construction; purchases of "short sale" properties; purchases of foreclosure properties. FTE reserves the right to withdraw the REAL Credit™ for any of the aforementioned types of transactions.
Participation in this program is a privilege conferred by FTE and does not create any rights to continued participation by a REAL Credit™ partner. FTE may terminate any REAL Credit™ partner, or the program itself, with or without cause, in its sole discretion. Furthermore, FTE reserves the right and has sole discretion to alter the herein stated terms & conditions as well as the credit amounts.
