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Caught myself overpaying escrow fees for 8 months before a broker in Omaha pointed it out
I was just paying the default fee line on my closing statement without question until a local broker showed me competitors offering the same service for $400 less. Has anyone else had a lender sneak in inflated third-party fees you didn't catch?
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gray_patel6mo ago
Did you end up pushing back on any other fees after that, @logan648? I ask because I've been reading through my own closing disclosure and noticed a $250 "document preparation fee" that seems like total nonsense. My lender basically said it's non-negotiable because it goes to a third party, but I'm wondering if that's just a line they use to shut people up. Like, who actually audits these third party charges to make sure they're real?
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logan6486mo ago
honestly the real scam is how nobody tells you you can actually negotiate those fees before closing. i had a lender try to slip in a $600 "processing fee" that was literally just typing my info into a screen. called them out on it and they dropped it to $150 real quick. whole system is built on people being too scared to push back.
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