Closing 3 days, Advocate postponed collapse of hi people commissions. My closing (purchase condo,…
Closing 3 days, Advocate postponed breakdown of fees
Hey people.
My closing (condo purchase, NY) is on Wednesday and my world has
Enough to shit. Here's a breakdown, wondering what your own
Thoughts are? I'm talking to negligence lawyers on Monday, and
I am afraid to sign any documentation created by my lawyer at
Closing Day.
Overview:
I signed an 3 agreement on a payroll page with my attorney for $ 895 to
Cover contract + Closing fees. They end up buying a title
Insurance in my name, which rental agreement mentioned
They would. The lease agreement mentioned there will be
Additional fees on the subject.
Two days ago I opened the closing document that the bank sent me
And… In addition to the title insurance the lawyer claimed to me
~ 5,200 $ Title fee I have never seen, acknowledged or agreed to, plus
Additional legal fees related to the title I was not aware of
of.
I asked my lawyer several times for a fee, we
A few days away
Closing in 3 Days, Attorney Withheld Breakdown of Fees
Hey folks.
My closing (condo purchase, NY) is on Wednesday and my world has
kind of gone to shit. Here's the breakdown, wondering what your
thoughts are? I'm speaking to malpractice lawyers on Monday, and
I'm terrified of signing any documentation created by my lawyer on
closing day.
Overview:
I signed a 3 page retainer agreement with my lawyer for $ 895 to
cover contract + closing fees. They ended up purchasing title
insurance on my behalf, which the retention agreement did mention
they would do. The retainer agreement mentioned there would be
additional title related fees.
Two days ago I opened the closing costs document my bank sent me
and… in addition to the title insurance the lawyer charged me
~ $ 5,200 in title fees I never saw, acknowledged or agreed to, plus
additional legal fees related to the title I was not made aware
of.
I've asked my lawyer several times for a fee breakdown, we are
several days away from closing and I still do not know the total
they're going to charge me.
Additional Red Flags
The retainer agreement states: "The scope of our representation
does not include title searches… ”and that such services would be
purchased from a third party yet they managed to charge me $ 1,500
through the title agency (which it turns out out own) for title
search.
To be fair, the retainer did say that the lawyer could purchase
title insurance: "we will order the appropriate title searches,
title insurance and survey from a third party of our choice on your
on behalf of ”but it also says they would consult with me as necessary:
"We will keep you apprised of developments and will consult with
you as necessary to ensure the timely, effective, and efficient
completion of our work. ”
I feel like going from $ 895 in agreed legal fees to that amount
+ $ 7.5k in title fees and insurance without advance disclosure is
absurd? What prompts them from charging $ 30k for example, if
disclosure isn't required until right before closing, which puts
the buyer in a bind as the fees hold the purchase host?
submitted by / u / LeakyFish
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Sun, 23 Jun 2019 07: 58: 02 + 0000
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Closing in 3 Days, Attorney Withheld Breakdown of Fees
Hey folks. My closing (condo purchase, NY) is on Wednesday and my world has kind of gone to shit. Here's the breakdown, wondering what your…
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