Asked by Looney-one, Shirley, NY • Wed Dec 29, 2010
What 4? Mom Sold home to niece. Niece took out mortgage with mortgage broker. When check was handed to my mom automatically 838 was taken out. We were told that 488 was for transfer tax which we understood and the other 350 was for title closer & deed preparation. Title closers bill was $200 so I am assuming the other 150 was for deed preparation. She is 72 and I feel they are taking advantage of her. Her niece was also charge $200 for title closer. Is it normal for seller to pay a title closer. There was no mortgage to pick up. Shouldn't these fees be the buyers responsibility? I have called the BBB to find answers, The banking industry # who only helps the buyer & then was transferred to a pro bono lawyer. It is only 350 so its not worth getting a lawyer. 1 other note. Before the closing she inquired if she would need a lawyer and she was told no by the mortgage company. It was only signing the deed over. Closing was 11/29/10. Please help me find answer. Thank you!
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