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I’m applying for a FHA loan to purchase a house on short sale. My loan officer send me the Good Faith Estimate and comparing from qoutation online, Title Insurance Binder is way above at $ 2400. Please advice.
the price of the house is 300K.

1 Thought on Title insurance binder estimate is 2,400 from GFE. Is it too much?
  1. Reply
    July 14, 2011 at 9:40 pm

    What is the sales price?

    Edit: For a 300K purchase $ 2,400 is too high. You need to contact a new lender who will help you find a title company with lower fees.

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