Higher Closing Costs in Real Estate Transactions

According to a survey performed by Bankrate, we have seen a significant increase to closing costs associated with mortgage originations. On a nationwide average, closing costs have increase 8.8% over the last year. This increase has primarily been attributed to the increased work lenders have to perform in order to approve a mortgage application under the ever tightening lending regulations.

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Joshua Talayka
NAR designated: Short Sale & Foreclosure Resource
Chase International
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