Was this a lender credit or a cure? Cures can change.
Lender Credit Due to Charge for Transfer Taxes
A residential mortgage disclosed a lender credit for $200 due to a charge for transfer taxes. At closing the $200 charge was no longer applicable as mom and dad remained on the title. As a result, the title company took away the $200 fee that they had disclosed on their estimated statement and said the charge wasn’t applicable any more. Is the Bank is still responsible for issuing the lender credit of $200, although the corresponding charge has gone away?
First published on 01/05/2020