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THANK YOU for a considered response. Closings vary widely from State to State. You are absolutely correct that the lender chooses the appraiser - that has been part of the problem. You are also right about the domino effect. It's like a snow storm in D.C. screwing up up flights all over the Country. Just please realize...more
My State I D card says different. Go ahead and deny that your first obligation is to the SELLER unless you are under contract as a BUYER'S BROKER .Even in a co-broke most of the time the agent bringing in the buyer has primary obligation to the SELLER because that is the source of the commission.
Some of the information in the closing article is OK but most of it is CRAP and they missed the most impotant point. Most people spend more time reseaching the purchase of a MATTRESS than they do on learning about and protecting themselves in the largest and most expensive investment that most of them will ever make. ...more
Once again they've stuck it to the common person real good! Everyody needs a decent place to live, but the banks are whining now because they can't make any money lending.After what they did. Makeno mstake about it. They are Publc Enemy No. 1. Use them paringly when you must. Avoid them whenever you can