Real Estate Attorney Breaks Down And Explains ALL Closing Costs

[@trdavis89]

I came for the content but love your personality and approach!

[@TheRealEstateLawyer]

Thank you, that is so kind of you!

[@5hy1u5t]

Really love your channel! You provide value galore! Wishing you much success in your endeavor's!

[@BabyBearRudy]

Great video! I found you via KZbin ads just so you know for your analytics 👍🏼

[@TheRealEstateLawyer]

Haha awesome! I'll let my marketing guy (my husband) know.

[@enlightenedanthony6661]

Same

[@SachsRealty]

Great explanation video.

[@TheRealEstateLawyer]

Glad it was helpful!

[@junkyardkid11]

The production quality, the simple explanation, the engaging delivery, this is BY FAR the best I’ve ever seen. Please keep them coming!!! BTW tell your producer that back lighting is A1👌🏾!

[@TheRealEstateLawyer]

Thanks for the feedback Jon! I'll let him know, he will be so excited to hear someone noticed the back light.

[@junkyardkid11]

@@TheRealEstateLawyer I’m a producer for a living so I spotted talent immediately! What you and the team are doing is community work on a virtual scale! Your explanations are impeccably simple and straight forward. That’s priceless content!

[@BARUCH6223]

Thank You Tiffany for this short video, it was quite informative. I shared it with my 3 children who are 30, 29,and 28 years old. They are renting their own apartments right now in the Maryland area. Maryland has one of the highest closing cost in America. My wife and I had been really trying to get them to consider buying instead of renting but the cost is ridiculous. Please do more of this information. Oh I did subscribe to your channel. Thanks Again🙂

[@TheRealEstateLawyer]

Have them talk with a loan officer. They may have a cheaper mortgage than they are paying in rent!

[@BARUCH6223]

@@TheRealEstateLawyer will do!!!🙂 Look forward to seeing more of your informative information. Thankz Again

[@BARUCH6223]

@@TheRealEstateLawyer You know Tiffany on 2nd thought my wife and I have met with realtors with our oldest who is 30 and our youngest who is 28. I guess what I meant to say is not only the closing cost is ridiculously high here in Maryland but also the pricing cost of the houses. I do understand that this is happening across America. So can I ask or suggest maybe you would share what’s going on in the pricing cost of these houses from your stand point. First time home buyers are basically priced out of the market. In times past you were able to purchase HUD properties for fist time buyers at a fair to moderate low cost. But now they are priced at market value. Would love to hear your KZbin perspective on that. Thanks Again🙂

[@simaabedini3617]

Best explain, learning a lot for my real estate exam . Thanks from California

[@TheRealEstateLawyer]

Thanks and good luck!

[@anthonyaboitez5616]

How do you have so few subscribers with such amazing quality of videos. Great work keep it going, you’re doing amazing.

[@TheRealEstateLawyer]

We're trying to grow! Thanks for the kind words.

[@deborahdosunmu4778]

Thank you for the video and explained costs!

[@TheRealEstateLawyer]

Glad it was helpful!

[@Theedraftswoman]

Loved this! New subscriber 😊

[@Graythe39th]

PLEASE ASSIST IRONLAND!

[@ctbaze28]

Great content! Moving to NC to invest in real estate. Just subscribed and appreciate the knowledge 🙏

[@TheRealEstateLawyer]

That’s awesome! Where in NC?

[@ctbaze28]

@@TheRealEstateLawyer CLT area, perhaps Kannapolis as it seems to be growing.

[@TheRealEstateLawyer]

@@ctbaze28 Kannapolis and China Grove are super popular right now. We have been closing a lot of houses there. Good luck on your move!

[@ernesttoland5119]

Very intelligently explained, and a true asset of professional information for those with simplicity in mine

[@TheRealEstateLawyer]

Thank you so much!

[@LoansByFoose]

I'm an LO in FL and it's about time we had a nice clean closing cost explanation vid - thanks!

[@TheRealEstateLawyer]

Thank you so much!

[@secretcodamusic]

Great video!

[@TheRealEstateLawyer]

Glad you enjoyed it

[@marcosmarti88]

Thanks!

[@TheRealEstateLawyer]

You bet!

[@carenallen5841]

Great information

[@TheRealEstateLawyer]

I appreciate it Caren

[@Showtime20unc]

Great video! You mentioned being in NC, what part? I live and invest in real estate here in the triangle RDU.

[@TheRealEstateLawyer]

I'm in Mooresville - The Lake Norman Area.

[@africanobsession]

Hi Tiffany, question please. We were in an email thread between all parties (loan officer, attorneys, etc) and a document named "title bill" was shared. This was not directly to us but we saw on it a section "Total Buyers Expenses / Recording" with a total dollar amount next to it on the same line. When we got the closing disclosure we didn't see line for line the itemized details from the "title bill" this left us wondering if we need to pay this out of pocket? Is there a separate bill/cost outside of closing costs?

[@rickragan8531]

Great job!!! I live in Glywater and just bought a house near Troutman. Also new subscriber.

[@hectortherealtor8562]

Excelente! Good job!!!

[@TheRealEstateLawyer]

Thanks hector!

[@The_VoidKnight]

PLEASE ASSIST IRONLAND

[@MoarJellyThanYou]

I'm NC thank chu so much! I sub 🥰

[@sahelwafa9780]

Could you please tell I want to buy a 🏠 for cash who responsible for cleaning cost me or seller.

[@yovani1975]

Thanks

[@jenniferfulk9102]

For ironland thank you for your help us own the 12 foot circle

[@SuperThunder911]

Thanks 👍

[@moniquebrown6908]

Is it possible to back out of a new build home contract due to unforeseen circumstances? Are they gonna force me to close on the house?

[@TheRealEstateLawyer]

It all depends on where you are at in the process and what the contract says. I’d recommend chatting with a real estate attorney in your state.

[@alona724]

I think one question lots of real estate investors have right now is whether or not it’s really advantageous to start an LLC. The pros and cons and if it really shields a landlord from liability. That’d be a really helpful video coming from an attorney.

[@TheRealEstateLawyer]

The answer is yes...but I’ll make a video explaining why 😉

[@maricarmen2059]

Can you do one similar but related to refinancing? I have questions ASAP where can I reach you?

[@ReeDaPage]

Please Assit Ironland❤❤❤

[@PineTree-tw2kk]

I’m a loan officer and I want to show all my future clients your video because it was such a clean well explained run down of the loan estimate. Is that okay with you?

[@TheRealEstateLawyer]

Absolutely!

[@raheemtheinvestor]

Shes a legend 😬

[@JeepWrangler1957]

Like dealer prep fee. Getting screwed to borrow money. And why lawyers? Isn’t that the title company’s job?

[@marioremondino9837]

What’s sux… is now as a new builder I have to pay sales tax on the sale price. Even though I’m tax exempt I pay sales on the overal sale price. Such bs! Government always gets theirs

[@rensaltena9103]

For ironland!

[@bryantwittrell3067]

God’s bless your family

[@lukejessicamartin]

You skipped the aggregate adjustment, I was hoping to see how you explain it. 🧐

[@TheRealEstateLawyer]

Sounds like a great topic for another video!!!

[@TheRealEstateLawyer]

Hi Luke! My marketing director responded originally so I wanted to take a second to answer your question substantively. I generally explain to clients that a lender can only collect so much money for the escrow account, and if the calculations used in that section resulted in the lender collecting more than what is allowed, the aggregate adjustment is a credit back to the buyer for the overage. I don’t usually get into the RESPA part because people start to get glassy-eyed at that point. 😂

[@leozapata1155]

How do you not have more subscribers

[@TheRealEstateLawyer]

The powers of KZbin.

[@arcade16]

Why did you leave out the most expensive closing cost??? Realtors get 5-6% for selling a property the buyer the most likely found online without them ahead of time.

[@TheRealEstateLawyer]

Well the buyer doesn’t pay the commission, the seller does. And I’ve watched realtors save hundreds of thousands of dollars for both parties to make sure things are done on time and accurate.

[@wielkikramarz]

Please assist Ironland

[@rvbzero7]

You do realize there is a new closing cost law right?

[@AdwaitSharma-gg5fy]

#help iron land

[@nqobilelibongwe]

Please assist ironland

[@dennisvarguez3435]

If section B has a title insurance fee that insures the title against liens and the like, why would there be a title search fee on section C? Why not just reach out to the title insurer and confirm no liens or claims have been placed on that title?

[@michaelnguyen3461]

Title insurance is required for all mortgage transactions. This protects the Title company from mistakes. Title search fee is the fee for the person looking up for previous liens. Why not pay them for their service?

[@dennisvarguez3435]

@@michaelnguyen3461 When I insure my car I don’t pay an additional fee for driving record check. I agree everyone should get paid for their services but it seems some of those services aren’t needed. Shouldn’t the insurer research what they’re insuring?

[@michaelnguyen3461]

@@dennisvarguez3435 but you’re asking for a quote and that’s completely different. Plus, you’re asking to insure something that is usually the biggest asset purchase in your life. Do you want the title company to do a haphazard job on title search?

[@dennisvarguez3435]

@@michaelnguyen3461 I don’t want that, especially if I’m paying for it. That’s why I ask. Why pay for a search AND insurance. Shouldn’t the company doing the search employ competent people? If I’m a builder I would not ask you to insure a project I’m working on. If I doubt the ability of my workers or just want extra security I should insure against that, not you. It’s like asking patient to pay for a dr’s malpractice insurance. And I’m not being facetious about it, I really want to understand the logic behind it.

[@michaelnguyen3461]

@@dennisvarguez3435 simplest solution? Work for a Title company and find out.

[@greaterdoggo5163]

Aidez Ironland, s’il vous plaît

[@argentocamille2027]

Yippee

[@nissivlogs9828]

A reminder the God loves you and Jesus died for your. sins. 💓 💓

[@InvestorVentures]

#663 Subscriber

[@TheRealEstateLawyer]

Thanks for subscribing!