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I just got an estimated HUD-1 from my realtor (who got it from the title agent). We're closing on 7/31 so she said this is still an estimate.
On it there is a $300 Conveyancing Fee on line 1302. This is going to my realtor's broker's office.
Is this a normal fee? The realtor is a friend of my wife's and she's giving us a 4.5 (vs 6%) commission, so I don't want to nickel and dime but this seems like an odd fee to tack on.
Sounds like a BS fee to me, but you are getting a good so I would not sweat it.
sounds legal enough...but I think it's just a fee going to the title company..
con·vey·ance play_w2("C0617100") (kn-vns)
definitely wrong line item for sure:
1302. Pest and Other Inspections: This fee is to cover inspections for termites or other pest infestation of your home.
http://www.hud.gov/offices/hsg/ramh/res/sc3secta.cfm
Typically the conveyance fee is paid to the county by the seller.
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