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#1
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Escrow settlement feesWhat is the name of your state? CA Well ahead in the game, I requested escrow company to provide an estimate of settlement costs. Ofcourse, it came back with a lot of BS charges and what not. I negotiated with them, providing them with quotes from the competiton and they agreed to revise the estimate. They came down from $2800 to almost $2100. Now we are ready to order loan docs, and final walk through on the property. Escrow co sent my lender an estimate of settlement costs, which is $2800 approx. I only have a faxed copy of the revised estimate, ($2100) on the escrow companys letterhead. At closing, can i challenge the charges based on the faxed estimate that i have? If not, can i take them to small claims court? What would be the best thing to do, so that we do not have to shell out the money. |
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#2
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Re: Escrow settlement fees[quote]Originally posted by rmulchandani [b]What is the name of your state? CA Well ahead in the game, I requested escrow company to provide an estimate of settlement costs. Ofcourse, it came back with a lot of BS charges and what not. I negotiated with them, providing them with quotes from the competiton and they agreed to revise the estimate. They came down from $2800 to almost $2100. Now we are ready to order loan docs, and final walk through on the property. Escrow co sent my lender an estimate of settlement costs, which is $2800 approx. I only have a faxed copy of the revised estimate, ($2100) on the escrow companys letterhead. At closing, can i challenge the charges based on the faxed estimate that i have? If not, can i take them to small claims court? What would be the best thing to do, so that we do not have to shell out the money. **A: you challenge them NOW rather than wait until closing. |
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#3
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| Oh yes, I have already done that. But what do we tell them shameless scam shops? Just hope that they mend thier ways? Or can i make them **do good** on thier quote? |
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#4
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| [quote]Originally posted by rmulchandani [b]Oh yes, I have already done that. But what do we tell them shameless scam shops? Just hope that they mend thier ways? Or can i make them **do good** on thier quote? **A: hint- the escrow company is regulated by the State. |
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