What is the approximate closing cost on a 2 family short sale in Elizabeth with lawyer fees being $1200?
Answers (2)
Hi Kpryce,
Your best resource for this information would be your closing attorney or mortgage professional. Either one should be able to draw you up a preliminary HUD that attempts to approximate the closing costs associated with the sale that you're considering.
Sincerely,
Jacobus "Jack" Vollenberg
RE Appraiser - Vollenberg Appraisers
Asset Manager - ERA Statewide Realty
Vollenberg@iname.com
Cell (973) 590-0142
FIRST ANSWER
Nope!
It would really depend on your banks closing cost requirements, impound pre-paid required amounts, taxes needing to be paid, etc.
Rule of thumb closing costs generally run between 2-3% of the purchase price plus your attorney fees.
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