A closing-cost fee representing the lender’s cost of holding a borrower’s loan temporarily before it is sold on the secondary mortgage market.
Real Estate Glossary : Terms and Definitions
A closing-cost fee representing the lender’s cost of holding a borrower’s loan temporarily before it is sold on the secondary mortgage market.
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I am thinking about listing a vacant parcel of land and this was in the form contract, doesn’t seem appropriate when there is no
mortgage company involved. Also, isn’t title search, title and closing fees and policy coverage paid by the BUYER?
Thank you for any clarification