View Single Post
Old 05-10-2021, 06:06 PM   #16
ApS
Senior Member
 
ApS's Avatar
 
Join Date: Jan 2005
Location: Florida (Sebring & Keys), Wolfeboro
Posts: 5,788
Thanks: 2,085
Thanked 742 Times in 532 Posts
Unhappy Down to the Wire—Only Days Left to Sign New 8% Private Mortgage...

I've spent weeks texting to get her to see Reason, but she's of the same persuasion as FLL, so there's that.

A lawyer has offered to take over her present and expiring mortgage: Four more years at 8%. Costs follow:

Note and mortgage fee $500, $490 doc stamps, $280 intangible tax, $90 recording fees, Title company, $775, $325 closing fee, IRA custodial fee, $100 for setup, $300 annual maintenance fee. $50 wire fee.

Quote:
"Not to worry, all the fees will be folded into the mortgage, so there will be no out-of-pocket costs at the closing".
Of course, the seller has no income to pay the interest (or principal), so these expenses will continue to be "folded" into the new mortgage.

She will consider buyers now that the clock has just about run out.

Her direct number: (305) 872-4531
ApS is offline   Reply With Quote