buidler closing points

What is the name of your state? Florida

I am buying a new house. Reviewing the settlement statement I found out that the builder has tacked a 1 1/2% closing fee to the price of the house. Is this legal? Is this acceptable? Do I have any recourse not to pay this fee if I already signed the contract?

This fee was not disclosed during the negotiation of the contract.

[JETX]

Are you sure that this was added by the builder?

'Closing Fees' or 'Settlement Fees' are normally fees added by the Title company for handing all the financial transfers and payments associated with the transaction.

The fee (either points or flat rate) is set by the Title company and is normally not negotiable at this late date (after all, they have already provided the services to you). However, you might try to negotiate with the builder to see if he is willing to cover or split the cost.

[HomeGuru]

Double check your settlement fees for title and escrow. It may be that the builder is tacking on his additional profit by calling it a closing fee.