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Updated about 8 years ago,
Closing costs for Cash purchases
Does anyone know what kind of closing costs are involved when buying cash?
Below is from my recent FINANCED purchase - what can I strike out in cash?
1. Loan Origination, Lender's Title Insurance, Escrow Deposits, Daily Interest of current quarter - 7000 - don't think they apply when Cash. Correct?
2. Title Insurance 500 , Recording Fees 250, Misc Fees 250 = 1000 - still apply - correct?
3. Attorny Fee - 1000. Do I need an attorney when buying Cash?
4. When I purchase cash in an auction, as-is property - do I need any of the above? How about Attorney?
Thanks.