Any fees on the HUD are Legit fees these days.
In fact, thanks to the Obama administration's failed policies, along with this sickening, anti-consumer Dodd - Frank Act, loan costs have gone up considerably due to the mortgage industry having to deal with all the crippling over-regulations that has been inflicted on America!
I'm doing a loan for a Wells Fargo loan rep who says they are currently 120 days out!! Another friend who is a Regions Bank rep says they're 90 days out on loans! What the heck is going on with banks taking 90 to 120 days to close loans?
Its not the bank's fault and its not the Mortgage Broker's or the bank Loan Officer's fault, its all because of obama, obama-care, their Dodd-Frank Act and Andrew Cuomo's, (Gov. of NY) HVCC appraisal rules which has had a crushing negative effect on Americaâ€™s home equity and recovery.
Banks and Lenders can't hire the amount of employees needed to handle the work load due to obama-care, theyâ€™re in a state of analysis paralysis having to deal with trying to interpret this Dodd/Frank Act and this HVCC has made something as simple as ordering an appraisal sometimes a 4 day taskâ€¦and thatâ€™s not a completed appraisal, thatâ€™s 4 days JUST TO GET IT ORDERED!
Consumers just need to get ready for 4 more years of increasing loan costs, time periods need to close and difficulty in closing a any loan in America as we're all going to feel the costly effects of ..."Hope and Change"
Best of Luck,
Century 21 Tenace
This is a normal fee associated with closing of a property.
You have asked abour a "courier fee", usually seen on a typical HUD-I Settlement Statement, which shows detailed charges and credits to the buyer and the seller for the closing of a particular property. To ensure a timely closing, "Courier fee" usually is the cost of sending required documents back or forth by a delivery service, faster than mail, to or from the buyer or seller, participants in the closing, the buyer's and/or the seller's lender, and to the county for recording.
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