Am I getting ripped off on escrow fees?
I just got approval for a short sale that I'm trying to buy in Temecula CA. The total purchase is only $150K but the escrow company wants both the seller (bank) and me to pay about $1000 each. The bank had only approved $750, so I need to pay $1250 ($250 to cover for the bank's side). I've bought many short sales in the last year or two, and normally paid around $600 to 700 each time. Am I getting ripped off? If so, can I have the file transferred to a different escrow co. by law? I'll try to negotiate but if I fail, what else can I do without walking away from the deal all together?