Recent Comments:
Mortgage Closing Fees Surge: How to Keep Yours Low {Housingwatch}
Sep 27th 2010 5:45PM Actually, the Bankrate.com closing costs study found that third-party fees -- for things such as title insurance, appraisals, and pest inspections -- were up 47.2 percent (rather than "more than 4 percent.")
You are correct to note that the study is based on the quotes borrowers receive on their good faith estimate (GFE) -- not the actual fees paid -- and that lenders are being penalized for the first time this year if the estimates they provide on the GFE fall outside of accepted "tolerances" at closing time.
But your explanation for the reason fees quoted on the GFE have gone up -- that "To be on the safe side, some (lenders) have taken to showing consumers the worst-case scenario of what their loan might cost" -- neglects the other (more likely) possibility: that the survey underestimated the fees actually paid by borrowers in the past, and is now a more accurate indicator of what's happening in the real world.
Inside Steve Wozniak's House {Luxist}
Sep 11th 2006 9:19PM Read more:
http://www.inman.com/blogger/2006/09/extreme-staging-or-ultimate-house-flip.aspx
Inside Steve Wozniak's House {Luxist}
Sep 11th 2006 8:58PM 1. Steve Wozniak no longer owns the house.
2. It just sold for $6.9 million in March. They are asking $10 million.
3. This is NOT the going to be the subject of a new show, "Extreme house flipping."
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