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LA723
LIF Infant
Member since 7/06 171 total posts
Name:
Leslie
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Closing Costs vent
We are closing next Wednesday. Our good faith estimate was $17,600. So DH decides to call our broker to go over final numbers, he gets to the closing costs and he says......
$21,500!!!!!!!!!!!!!!!!!!!!!!!!!
And where do they think we can pull 3900 from?
Ugh, soooo over this......
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Posted 6/12/07 8:54 AM  |
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mtnmama
Member since 5/06 4794 total posts
Name:
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Message edited 7/6/2009 12:27:02 PM.
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| Posted 6/12/07 9:01 AM |
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Geraldine
Lovin Life........
Member since 5/07 2388 total posts
Name:
Geraldine
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Re: Closing Costs vent
sorry... we recently purchased our home and went through a similiar situation......just incase you weren't aware.....those fees are all negotiable.... we had fees reduced and even waived...... GL
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| Posted 6/12/07 9:01 AM |
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LA723
LIF Infant
Member since 7/06 171 total posts
Name:
Leslie
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Re: Closing Costs vent
Posted by Geraldine
sorry... we recently purchased our home and went through a similiar situation......just incase you weren't aware.....those fees are all negotiable.... we had fees reduced and even waived...... GL
That is what DH told me, so he is working with the broker. I think it was the initial shock that almost knocked me over.....
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| Posted 6/12/07 9:03 AM |
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SweetTooth
I'm a tired mommy!
Member since 12/05 20105 total posts
Name:
Lauren
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Re: Closing Costs vent
I know it stinks!! A lot of that is probably taxes - in most towns the tax bills were just paid, so you are going to be paying the sellers back for the second half tax bill. Also the mortgage recording tax is pretty high!
I think the bank fees are actually minimal when you look at them compared to the whole numbers, unfortunately... but if you can negotiate them, every litttle bit helps.
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| Posted 6/12/07 9:26 AM |
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Re: Closing Costs vent
We are in a similar situation. We are hoping to close within 2 weeks and our GFE was around $20,000. I am hoping with everythng that I have in me that they are less than estimated.
If they are more, we are s c r e w e d.
Good luck to you!
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| Posted 6/12/07 9:35 AM |
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mommy2Alex
3 babies for me :)
Member since 5/05 6683 total posts
Name:
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Re: Closing Costs vent
 Ughhh! I hope that doesn't happen to us as well. That really stinks! We got our GFE at $14,000.
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| Posted 6/12/07 9:48 AM |
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JldDolphin
Member since 1/07 6929 total posts
Name:
Jen
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Re: Closing Costs vent
GL to you! We have a GFE of $12,000 and I hope it doesn't go up too much. Why is  buying so painful?
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| Posted 6/12/07 10:03 AM |
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kerrycec03
Mom of 2 beautiful boys!!
Member since 6/06 13519 total posts
Name:
Kerry
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Re: Closing Costs vent
Closing Costs bite, sadly.
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| Posted 6/12/07 10:04 AM |
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LA723
LIF Infant
Member since 7/06 171 total posts
Name:
Leslie
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Re: Closing Costs vent
It's outrageous! On top of that, we have been renting for 3 months in a furnished apartment, plus paying for a storage locker. They are milking us for everything!!!!!!!!!!!!!!!!!!!!!!
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| Posted 6/12/07 11:31 AM |
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lululu
LIF Adult
Member since 7/05 9511 total posts
Name:
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Re: Closing Costs vent
that happened to me in the past so this time i went thru every single line item to make sure that i knew how every number had to be calculated and recalculated them myself. i found out the taxes, when they were last paid, exactly what all the accruals should be, etc. A PITA but well worth it because there were no surprises at closing.
It totally s*cks what you are going thru! hang in there.
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| Posted 6/12/07 11:40 AM |
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LIMOMx2
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Member since 5/05 24989 total posts
Name:
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Re: Closing Costs vent
Wow!! Ours were no where near that.
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| Posted 6/12/07 11:44 AM |
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Re: Closing Costs vent
That happened when we purchased the house we are now selling and we also went through a broker and also had to come up with $4K. This time we went straight with a bank and after I receieve the GFE I kept asking her how much are these numbers going to change and she assured me that the most it would go up is maybe a $1000 so I am hoping she is right.
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| Posted 6/12/07 12:20 PM |
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