Affiliated Business Arrangement Disclosure
This is to give you notice that Esperanza Homes has a business relationship with Stonewood Home Lending, LLC (“Stonewood”). Specifically, Rhodes Financial Services, LLC has a 49% ownership interest in Stonewood. Esperanza Homes and Rhodes Financial Services, LLC are both wholly-owned subsidiaries of Rhodes Enterprises, Inc. (“Rhodes Enterprises”). Because of these relationships, this referral may provide Rhodes Financial Services, LLC and Rhodes Enterprises with a financial or other benefit.
Set forth below is the estimated charge or range of charges for the settlement services listed. You are NOT required to use the listed provider as a condition for the purchase or sale of the subject property. THERE ARE FREQUENTLY OTHER SETTLEMENT SERVICE PROVIDERS AVAILABLE WITH SIMILAR SERVICES. YOU ARE FREE TO SHOP AROUND TO DETERMINE THAT YOU ARE RECEIVING THE BEST SERVICES AND THE BEST RATE FOR THESE SERVICES.
| SERVICE PROVIDER | SETTLEMENT SERVICE | CHARGES OR RANGE OF CHARGES |
Stonewood Home Lending, LLC | Processing | $700 |
Stonewood Home Lending, LLC | Underwriting | $895 |
ACKNOWLEDGEMENT
I/we have read this disclosure form and understand that Esperanza Homes is referring me/us to purchase the above-described settlement service(s) and may receive a financial or other benefit as a result of this referral.
Print Document
