Can Fannie Mae as a seller change their mind after signing papers for a settlement to increase the closing costs to the buyer?

Wanive
Home Buyer
77845

Answers (1)
Chris Tesch
Agent
College Station, TX
FIRST ANSWER

Sorry Wanive,

I'm haing difficulty understanding exactly what you're saying here. Do you mean that a representative of Fannie Mae's signed the closing paperwork or just the contract? Typically with Foreclosures the closing statement goes out to the representative at least 48 hours in advance of the closing to allow time to go over the statement.

I would be highly unusual for them to do anything to increase the closing costs. Perhaps the title company missed something in the contract or addendums that they picked up on or there was a misunderstanding in the first place.

Hopefully you got this resolved and closed. Somehow it apparently didn't come across anyones email for a while. I apologize. If you still have questions don't hesitate to contact me directly.

Mon Oct 26 2009, 06:46

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