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Real estate
Application fees charged among real estate closing costs
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[QUOTE="Augusta, post: 335742, member: 25283"] You would have to pay for application fees as a charged among the closing cost as a property buyer. This Is always a fee charged mostly by commercial real estate lenders and mortgage brokers. It is a fee collected to underwrite a borrower's loan. Application fees do ranges from $500 to $200,000 depending on the parties involved. As earlier stated this fee is charged by commercial real estate lenders or commercial banks, so that they can make payments for : The appraisal of the transactions Writing the toxic report and the engineering report same for the title commitment. The good thing is that it's a legit charge as these are real expenses. [/QUOTE]
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