When your mortgage is in its final stages, you will have to pay closing costs. This amount can vary in your area. Taxes, attorney fees, realtor fees, and lender fees can all fluctuate from region to region and the market area they are in. Here a few tips to remember before closing.
In the wake of the mortgage mess, the U.S. Department of Housing and Urban Development has resurrected a proposal to reform the rules that govern real estate closings. It’s not the first time that HUD has tried to give the Real Estate Settlement Procedures Act more teeth.