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P.O. Box 2750 Durango, CO 813022750 Phone: (970) 2475786 Fax (970) 2472674 www.lpea.coopTHIRD PARTY NOTIFICATION The attached Third Party Notification must be filled out correctly and with the appropriate
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What is r e s o?
r e s o, or Real Estate Settlement Obligations, is a documentation requirement for certain real estate transactions that ensures transparency and compliance with federal regulations.
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Entities involved in real estate transactions, such as lenders, title companies, and settlement agents, are required to file r e s o.
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To fill out r e s o, gather necessary transaction details, complete the required forms with accurate information, and ensure all parties sign where needed.
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The purpose of r e s o is to provide a clear record of real estate settlement activities, promote transparency, and ensure adherence to legal requirements.
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Information reported on r e s o includes transaction details such as buyer and seller information, property addresses, loan amounts, and settlement dates.
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