Buying a Home?

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Buyer Costs

Buyer Transaction Costs – What To Expect

  • One half of the base escrow fee, document preparation fees, and if the buyer is obtaining a loan, fees for the additional work involved with the new loan and email of the loan documents
  • One half of the sub-escrow fee for handling the loan funds if the buyer is obtaining a loan
  • New loan fees (pre-paid interest, appraisal, document preparation, funding fee, underwriting, tax service, credit report, processing, points/origination fees)
  • Lenders title policy.
  • Taxes & homeowners association dues (prorated)
  • Recording fees for the trust deed
  • Inspection fees
  • Fire insurance premium
  • Notary fees
  • Messenger fees: delivery of contingency items and sending loan documents to the lender


What is a foreclosure?

Foreclosure is the legal proceeding in which a bank or other secured creditor sells or repossesses a parcel of real property (immovable property) due to the owner’s failure to comply with an agreement between the lender and borrower called a “mortgage” or “deed of trust”. Commonly, the violation of the mortgage is a default in payment of a promissory note, secured by a lien on the property. When the process is complete, it is typically said that “the lender has foreclosed its mortgage or lien.

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