Can one negotiate the closing costs of escrow when
Presented with the final amount due?

No. The mortgage lender calculates how much is needed in the escrow account to pay taxes and insurance thatt will come due. HUD rules allow the lender to make sure the escrow never goes below 2 months worth of payments.

Thank you for your quick response... I apologize, I was wondering
About any "extra" types of charges on there, not things like taxes, etc.

Scott, I don't think the OP is referring to the type of escrow that you're thinking of. I don't think he means an escrow account. In some areas, notably in California, closings aren't handled by attorneys. They're handled by escrow companies. When a contract gets signed, escrow is opened. The deposit goes to the escrow company, the conditions of the contract get satisfied and when the closing occurs escrow is closed. I think the OP is referring to other things charged as part of the process, like title and recording fees, search fees, etc.

To the OP: You can try to negotiate but I doubt you'll get anywhere. Most of the fees are standard amounts. The non-standard amounts might have been negotiable but that should have been done when the escrow was opened.

Of course with the slow sale of houses, you start putting one company against another, or several, tell them if they want your business they have to do : and see what happens,

As Lisa said, most of the fees involved are set by law or pricing tables and not really subject too much negotiation.

Quote:

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Originally Posted by RGizzi

Can one negotiate the closing costs of escrow when presented with the final amount due?

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Hello R:

IF they ARE negotiable, the time to have done it was BEFORE the final bill is presented.

excon