I have heard that when buying a home you can challenge some of the charges on your settlement sheet before going to closing at the title company. What charges can a buyer dispute?
2006-08-31 14:56:16 · 3 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
You can dispute ANYTHING. Many people use that as negotiating stage and I have seen it done at closing, where the title company reduced some charges, made corrections while both parties waited, and then returned with an updated settlement statement. And I have seen buyer and seller negotiate changes separate from title fees, also at the table.
Everything is negotiable. Many fees, however, are for services you may not care about, but that the lender requires for issuing the loan. Even still, if you have to pay them in some way, it can be up for discussion.
2006-09-01 06:12:24 · answer #1 · answered by Anonymous · 0⤊ 0⤋
You can challenge anything you want to. But your best shot at success are so-called "junk fees" such as courier fees, express charges, phone charges, fax charges, document prep fees, and things like that.
Things like survey fees (unless the lender accepted the sellers survey) title extracts, loan origination fees, points, recording fees, title insurance (for both you and the lender), closing fee, pre-paid impounds, and prepaid interest are legitimate and can't be contested.
2006-08-31 16:01:19 · answer #2 · answered by Bostonian In MO 7 · 0⤊ 0⤋
You can dispute any charges you didn't agree with in writing.
2006-08-31 15:51:39 · answer #3 · answered by Jose R 6 · 0⤊ 0⤋