Good Faith Estimate: Common Costs When Closing a Home Sale
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• Title fees: These cover the cost of doing a title search to determine if anybody else has a claim to the house and the cost of providing title insurance for coverage in case any title disputes occur.
• Underwriting fees: These are used to cover the cost of the analytical process that’s done when you apply for a home loan.
• Third party fees: These include things like the costs of preparing the documents for your closing.
For more information, visit ERA.com, or check out the ERA blog, http://www.owningthefence.com/.
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