"or tell me why Countrywide / BofA, won't like the fact it would shave at least 40% off their singing/closing expenses."
Please explain this to me...this is NOT a cost of the lender - this is a borrower expense - and after 25 years doing real estate closings in CT, you can't tell me that additional expenses are not tacked onto the borrowers' bottom line. EX: you "assume" notary will cost $90...notary fee is $150-$175 for whatever reason (distance, time)...title fees are adjusted accordingly and the extra added on to settlement fees.
Countrywide/BofA want to cut costs? - tell title to deal directly with the notary...oh wait, that would mean no SS's...that's another thread I guess...
And in response to this thread? I won't be participating in a signing "lottery"...no thanks.. |
