Posted by Anonymous on 6/8/06 8:37pm
Msg #124859

Can a broker ...

charge a borrower for not signing papers?

I was at a closing where the money was off like $13,000 from what the borrower was originally told. The borrower had him on speaker and told him that if he didnt sign the papers he would get a bill for all the time they had in the loan up until that point.

Needless to say the borrower did not sign and told him to go ahead and bill him. I was dumbfounded when i heard the broker tell him that ... but in the same breath he told him to sign and just cancel it in the next 3 days if he still did not feel good about it ...

Reply by PAW on 6/8/06 9:21pm
Msg #124866

Depends on the broker contract.

Reply by Bob_Chicago on 6/8/06 9:27pm
Msg #124867

Paul is correct, but the borrower might consider.....

advising the broker to have the bill printed on VERY soft paper.
This broker will therefore avoid getting a rash when he uses
the bill for what it is probably good for.

Reply by PAW on 6/8/06 9:37pm
Msg #124869

LOL!! n/m

Reply by TitleGalCA on 6/8/06 10:55pm
Msg #124881

took the words right out of my mouth. Nice! n/m