Has anyone, either lender or borrower, had a title co. invoice for title exam when loan did not close. I had not encountered this until today, refi is not closing, not due to title issues, and title co.l is now invoicing for their “work done” at $150.
times must be getting tough and they are trying to collect compensation for “services rendered”
I believe that legally they can. However, normally they don’t because they see it as a cost of doing business. Not all loans close. That is a fact in this business.