Tag: closing costs

Developer fees a.k.a. capital recovery fees

Imagine this scenario: You have to move because of your job. You have lost all of the equity in your condo that you purchased two years ago, but thankfully, you are not underwater and will break even on the sell. You arrive at the closing...

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Real estate closings in Virginia: FAQs

In the state of Virginia, closings are conducted by independent closing agents and attorneys; both will be referred to as "closing agents" in this article. Who decides the closing agent or attorney who will handle my closing? It is your...

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Consumer costs increase with RESPA reform

As is often the case with newly implemented “consumer protection” regulations, the consumer ends up paying more. Today’s mortgage borrowers can expect to pay more as a result of this past year’s RESPA reform, according to a recent study by...

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Title insurance claims

Despite a diligent search of public record, it's still possible for a title insurance claim to arise suddenly after you've purchased your home. Often times, claims are rooted in false or misleading information, making them difficult to detect...

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