Asked by Carrie, Woodinville, WA • Fri Dec 5, 2008
The builder has required me to declare if I am using their preferred lender or not at time of offer. If I don't use them, then there is a $250 fee. And if I do not close on closing date, then there is a $250 fee per day not to be closed. But since the preferred lender only gives a GFE and not a guarantee, they are unfairly trying to force me to take whatever terms they give me on the day of closing. I just don't think this sounds legal, but the building company is owned by a law firm.
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