Sun, Nov 08, 2009

Real Estate

Housing: New rules to tighten leash on closing-cost estimates

WASHINGTON — Remember the bad old days of 11th-hour mortgage-settlement cost shocks and mystery junk-fee charges? Remember when the "good-faith estimates" your lender gave you upfront said closing costs would be about $2,000, but somehow they ballooned to $3,500 on the final settlement sheet?

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