There's little more irritating for a home buyer than to be told during escrow that he needs more cash — sometimes a lot more cash — than he thought to close the deal.
Tuesday, June 5, 2012
Despite rules, many home buyers still overcharged at closing
Lenders are required by law to give borrowers a good faith estimate of closing costs that is supposed to be within 10% of the final figures. But lenders often find ways to skirt the rules.
There's little more irritating for a home buyer than to be told during escrow that he needs more cash — sometimes a lot more cash — than he thought to close the deal.
There's little more irritating for a home buyer than to be told during escrow that he needs more cash — sometimes a lot more cash — than he thought to close the deal.
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