bought a new home in ca, I paid more money to buydown int. rate. mortgage co. said I would have to pay add'l fees to mortgage co. outside of the closing cost to title co. because it is over the amt allowed by the state. mortgage co. wants to to me to pay $4k to them directly besides what I pay to the title co.
2007-02-18 14:02:46 · 5 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
Not only is this fishy, illegal, and stink....I would contact the Consumer Credit Agency or Bureau in your state and report the mortgage broker. All REPUTABLE brokers will have their fees stated in FULL on the HUD. The only items that you might pay "outside" the settlement statement/HUD are items like an inspection, appraisal, etc. All of their charges should be listed.
You should also contact HUD.
2007-02-19 14:48:02 · answer #1 · answered by MJ 4 · 0⤊ 0⤋
RESPA Laws vary from state to state, but as someone else said.... this smells fishy. All expenses should be listed on the HUD-1 Settlement Statement. If California limits the amount you can pay to the mortgage company, then they are trying to overcharge you "under the table". Why don't you just put them on hold, and talk with a mortgage LENDER, such as a bank or savings & loan, instead?
2007-02-18 14:24:23 · answer #2 · answered by stone 3 · 0⤊ 0⤋
its humorous to me how a number of those human beings answer questions having no theory what they are speaking approximately. To be added to call/deed that is uncomplicated yet does value some money my propose would be have the call business enterprise who he final labored with if he's conscious who this became into if no longer any call business enterprise can do it yet can provide a coupon in the event that they have in the previous labored with him. Have a provide up declare deed written up and it ought to be signed, notarized by ability of him and recorded with the county. Recording expenditures value consistent with website so it relies upon on what county you reside in. widely used est value volume would be 30-40 money for recording a provide up declare deed(thats what I paid once I divorced) and the value to have it drawn up can value everywhere from 25-two hundred earnings case you bypass to a criminal expert they'll charge so lots greater of direction only like something. i does no longer believe a actual sources workplace like somebody mentioned on right here because of the fact if it does no longer have the main appropriate verbiage it must be rejected that's why a call business enterprise(who has a call criminal expert they paintings with) or a criminal expert could verify the main appropriate verbiage is on the provide up declare.
2016-11-23 17:42:32 · answer #3 · answered by ? 4 · 0⤊ 0⤋
I agree wait find a lender tell the other not right now
2007-02-18 19:40:27 · answer #4 · answered by pattibcacl 6 · 0⤊ 0⤋
shop around.. somethings stinky..
2007-02-18 14:11:22 · answer #5 · answered by hill billy 1 · 0⤊ 0⤋