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#2274534 - 08/22/22 06:41 PM Survey Fee on LE/CD
Nicole Offline
100 Club
Joined: Nov 2018
Posts: 158
Hello, we are closing a loan on vacant land which required TRID. On the loan estimate the survey fee was estimated at $1,200 which is a normal survey fee here. When the invoice came in and now we are ready for closing disclosure the fee came in significantly higher $5,100 due to the difficulty of the survey. The seller is paying for the survey. What do we due in this scenario, if out of the 10 % percent tolerance are we response for it even though the seller is paying? They also used someone that is not on our WSPL.

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TRID - TILA/RESPA Integrated Disclosures Rule
#2274535 - 08/22/22 06:46 PM Re: Survey Fee on LE/CD Nicole
raitchjay Online
Power Poster
Joined: Oct 2009
Posts: 9,105
OK
There are never tolerance concerns for fees that are not paid by your borrower. What changed though....why is the seller now paying for the survey? You obviously believed the borrower would pay for it if you put it on the LE.
_________________________
I'm fixin' to fix that.

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#2274536 - 08/22/22 06:47 PM Re: Survey Fee on LE/CD Nicole
Nicole Offline
100 Club
Joined: Nov 2018
Posts: 158
I think it was due to the complexity of the survey and timing. Thank you for your help!

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