I don’t see anything in my contract about who pays this tax nor have I received the settlement statement for closing next week so that’s a new concern of mine.

My attorney tells me this is a very common practice to extract a higher settlement.

New developments are, it seems that second lender will accept a minimum settlement without info of daughter.

This coverage helps with that.Personal property loss settlement is what determines how they pay for your personnel property.

. - $100 Pro-Rated Taxes - $400 Settlement Fees - $400 Recording Fees - $100 Wholesale fees (if applicable) - $500 Since "No Money Down" is not an option, I'll will need to pay these fees up-front in order to get my $65,000.

Case finally settled with my friend collecting a rather modest settlement.

Make sure you get the security deposits at settlement. 

I plan to get a few other quotes but I have no idea if this is typical.Processing Fees $495.00Underwriting Fees $695.00 Loan Administration $58.00Fee Discount Points $719.20 Appraisal $515.00Title - Wire / Courier Fee $85.00 Settlement Fee $550.00 Lender's Title Insurance $450.00Recording Fees $90.00Realtor/Broker Service Fee $395.00Tax Prorations $1,500.00Total Estimated Closing Costs $5,552.20

Ok maybe.You will still have to pay to demo the damaged property and that can run from $15k to $40k or more depending on where you live so you may not have much left of your initial investment to buy that next property.And if you financed it - the bank is going to take the majority of the insurance settlement to settle the loan and you will own free and clear a fire damaged house that the city will eventually start making demands for you to repair or demolish.This is why the majority of lenders require you to carry full replacement cost coverage.

There is no timeline on if or when we will be able to reach a settlement for the liens and close on the deal.