The Real Estate Settlement Procedures Act, also known as RESPA, was passed by Congress in 1974. HUD is rolling out a series of new changes surrounding RESPA, the Good Faith Estimate, and the HUD-1 settlement statement all borrowers receive at closing. Attorney and Mortgage Consultant Dan Fogel discusses these changes and how they’ll affect the mortgage process from application to closing.

For more information, please visit this PDF article on the HUD website.

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UNIVERSAL SOLE TRAIL CHALLENGE UNVEILED
Runners Invited to “Rock Your Sole” on December 12 at Schiller Woods

CHICAGO, IL. - Chicago’s scenic Schiller Woods Forest Preserve will serve as the backdrop to the
2009 Universal Sole Trail Challenge, slated for 10:00 a.m. on Saturday, December 12. The 5.25-mile offroad course is a favorite on the Chicagoland running scene and promises challenging terrain with mud and water crossings, as well as fallen trees, loose gravel and other natural obstacles. The event is open to runners and walkers but will be capped at 500 entries.

“We are ecstatic to be able to offer the Trail Challenge to the running community in 2009,” said Joel Feinberg, owner of Universal Sole. “We really feel this ‘off the beaten path’ event reflects Universal Sole’s personality and provides a unique opportunity for runners and walkers to gather and play in the woods with their friends and families in the midst of the holidays. A trail run like this can be a serious test for any competitor as well as a treat for those looking to finish out their 2009 running calendar with a bang.”

The race will take place at the Schiller Woods Forest Preserve, Groves 3 & 4, near the intersection of Irving Park Rd. and Cumberland Ave. Competitors will be greeted at the finish by welcome amenities common to Universal Sole events, including hot oatmeal, Rock Your Sole Chili and Goose Island Beer.

All registrants will receive a premium embroidered beanie cap. Additionally, the top three male and female finishers will each earn a pair of Saucony shoes and Universal Sole merchandise, while the top three in every age group will walk away with a special edition Trail Challenge Trophy.

The race is supported by Universal Sole, PERL Mortgage, Saucony, Goose Island and Clif Bar among others. Participants are encouraged to bring a pair shoes and socks to change in to after the race.

Registration is available online now at www.signmeupsports.com for $30, or participants can save $5 by registering in-store at Universal Sole, 3052 N. Lincoln Ave., Chicago. Race-day registration at the event site is $40. For more information visit www.universalsole.com or call the store at (773) 868-0893.