Glendale, December 24, 2005—In a letter dated Dec. 20, Joseph McCloskey, director of Office of Single Family Asset Management at U.S. Department of Housing and Urban Development, thanked Right Home President Paul Yalnezian for “working with the Federal government in making the real estate industry much more consumer-friendly.”

“HUD applauds the efforts you have made to make the home buying experience much easier, rid the industry of fraud and deceit, and regain the confidence of the American consumer," said McCloskey in his letter.

McCloskey calls attention to the Department's various programs that educate consumers in being better shoppers in the home buying process, regulations that outlaw kickbacks that increase the cost of settlement to potential homebuyers, and monitoring programs that identify and cite violators of these program regulations.