Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Mortgage Refi
Old 01-08-2013, 07:13 PM   #1
gone traveling
 
Join Date: Jun 2012
Location: Austin
Posts: 245
Mortgage Refi

I understand everybody has to make their money, but I'm looking over the HUD-1 Settlement Charges and noticed lines 1110,1111, and 1112 weren't completely filled out but contained charges:

1110. Tax Certificate to (left blank): $34.33
1111. TX e-Recording Fee to (left blank): $3.00
1112. TX Messenger/Overnight Delivery to (left blank): $25.50

Thinking those are profit add-ons for the title company, I asked them who received those items.

Their reply was "Those fees are to XXX Title Company" (them).

I replied that I understood THEY were the ones charging me, what I was asking was who received the services? i.e. Messenger/Overnight Delivery

I don't want to come across as difficult but at the same time I can't help but think those are simply rubberstamped charges they collect regardless whether the services were actually performed or not.

Is it unreasonable for me to question them?
__________________

__________________
LakeTravis is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 01-08-2013, 07:30 PM   #2
Thinks s/he gets paid by the post
BigMoneyJim's Avatar
 
Join Date: Feb 2003
Location: DFW
Posts: 2,627
Quote:
Originally Posted by LakeTravis View Post
Is it unreasonable for me to question them?
I suppose it depends on your perspective. From the perspective of your being thorough in your business dealings and seeing annoying and suspected needless fees, no it's not unreasonable. From the perspective of you are taking a new loan with better terms, saving lots of money and having professionals handle a lot of the legal hassle and protection for you, $62.83 seems an odd motivation to decide it's time to make a stand.
__________________

__________________
BigMoneyJim is offline   Reply With Quote
Old 01-08-2013, 07:35 PM   #3
gone traveling
 
Join Date: Jun 2012
Location: Austin
Posts: 245
Quote:
Originally Posted by BigMoneyJim View Post
I suppose it depends on your perspective. From the perspective of your being thorough in your business dealings and seeing annoying and suspected needless fees, no it's not unreasonable. From the perspective of you are taking a new loan with better terms, saving lots of money and having professionals handle a lot of the legal hassle and protection for you, $62.83 seems an odd motivation to decide it's time to make a stand.
Good point. Throughout this entire process, I felt like the next question they were going to ask me was what color underwear I was wearing. I couldn't believe the level of detail they were drilling down to on a simple refi.

I suppose I saw this as my opportunity to be just as detail oriented.
__________________
LakeTravis is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


 

 
All times are GMT -6. The time now is 03:42 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.