| NASCO pays trip fees if you go to the closing and it does not close. That is different than if it just doesn't fund. If you do the closing and the borrower rescinds, you still get your whole closing fee. I also know that NASCO will not sign any contract like the one previously mentioned. They can not give your entire fee if it does not close because they get $0 from the lender if it does not close regardless who's fault it is, borrower, lender or agent. NASCO tries to stay fair without having to go out of business. |
