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Ed S.
  • Anchorage, AK
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37
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Loan audited after closing (I owe money?)

Ed S.
  • Anchorage, AK
Posted Aug 25 2015, 21:52
I just received a letter almost 7 months after closing from the title company (national lending service). They are saying that during a recent audit they found that there was a clerical error and that there was a shortage of $488 in the funds necessary for recording and title fees. Is this a somewhat common occurrence? It says pursuant to the clerical error section of the Compliance agreement that I signed in my closing package they are requesting reimbursement. What's their's is their's and I will pay but it seems like they should eat it. They have employees or a team of employees that verify this stuff and this fee would have been financed. I'm waiting on a phone call to hear the details.

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