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by CareyBot

Editor's note: Robert Bruss is temporarily away. The following column from Bruss' "Best of" collection first appeared Sunday, June 11, 2006. DEAR BOB: I recently sold my home. The buyers made it known they needed 100 percent mortgage financing. We agreed to pay $13,000 in closing costs to help the buyers. The lender gave them a so-called "good faith estimate" that showed this amount would pay their closing costs. But on the day of closing, the loan officer showed up and informed the buyers they owed $4,000 more than expected to buy the home. He was very clear the lender had just raised the fees to make more profit. The buyers didn't have the $4,000. Everyone felt helpless. But the listing agent ended up cutting his fee to allow the sale to close. This seems dishonest, di...