Monday, August 17, 2009

Truth in Lending

We recently sold our home and the process of closing is getting more complicated each day. And in this day of buyers markets, what you find in closing costs paid by the seller is beyond belief.

There is no truth in lending
In real estate transactions
Closing costs are handled
To the buyer’s satisfactions
If you are just the seller
And it’s a buyer’s market
Closing costs are anywhere
The buyer wants to park it
But you really can’t complain
If your house is quickly sold
For that is not that typical
At least that’s what we’re told
But the hidden costs of closing
And the message that they’re sending
Is “all is fair – seller beware”
There is no truth in lending

Mdailey 7/25/09

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