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Updated about 8 years ago,

User Stats

170
Posts
11
Votes
James W.
  • Jersey City, NJ
11
Votes |
170
Posts

Closing costs for Cash purchases

James W.
  • Jersey City, NJ
Posted

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.

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