Dean Graziosi’s Real Estate Investment Academy

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As every investor knows, the closing costs can impact the project. When you apply for the mortgage, the lender is obligated to provide a good faith estimate of the closing costs within three days after accepting the application. However, these are only estimates and often the lender will raise fess at the last minute. Like every other aspect of the purchase process, some closing costs are negotiable and there are steps the buyer can take to control those fees.

Remember that there are certain expenses not listed on the good faith estimate. Those expenses include the state mortgage tax, homeowners insurance and the property taxes which may be required to be held in escrow at the closing. Buyers should inquire about these rates and the lender’s policy regarding these expenses.

Closing cost irregularities do occur. The U.S. Department of Housing and Urban Development has acknowledged this and is working on a plan to limit the buyer’s exposure. Still in the formulative stages, the plan would save consumers as much as $1000 in closing costs.

Typically, the closing costs include out-of-pocket expenses like credit report fees, appraisal fees, document preparation fees, title fees, recording fees and underwriting fees. The good faith estimate may not be exact figures but at least it provides a breakdown of the closing costs.

To stabilize the closing costs and to help negotiate better fees there are four recommended practices.

· If you have credit relationship with a lender, talk to that lender. If your credit history with that lender is strong, you may qualify for reduced rates. Additionally, the relationship may pave the way to a streamlines process that is bound to save you money.

· Title insurance rates are not set by the lender. But, the lender can help. Don’t be afraid to ask for their help in reducing this expense. You may save as much as 50%.

· Before going to an outside lender, talk to your existing lender first. If they are happy with your business, they may give you the best terms.

· Negotiate, negotiate. There is plenty of money on the table. Don’t be afraid to negotiate with the lender.

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Those of you who have worked with Dean Graziosi already know the answer to the question of whether he’s a rip-off artist or not, but others aren’t so sure.  How many times has someone claimed to know the ins and outs of real estate, or some fantastic method of making money from home, only to prove later on that the only thing they knew was how to be a shyster?

Well, for those of you that wonder, there is no reason to worry about whether you’re in good hands or not.

At the end of 2008, someone filed a report with Rip-off Report, a website dedicated to helping consumers find reputable businesses, about Dean Graziosi.  Rip-off Report investigated, as it always does, and even they were surprised by what they found.

“Rip-off Report Investigation: Dean Enterprises and Dean Graziosi commitment to 100% customer satisfaction, pledges to resolve complaints & address inquiries.  Commitment to Rip-off Report Corporate Advocacy Business Remediation & Customer Satisfaction Program.  Dean Enterprises, LLC will go above and beyond the client’s expectation in the pursuit of excellence in every aspect of the business - Consumers can feel confident & secure when doing business with Dean Graziosi.”

Now, Dean Graziosi really is one of the top dogs in real estate transactions.  He really did start at a young age, and, amazingly enough, he really does believe in 100% customer satisfaction.  In fact, he believes so strongly in the ideals followed by his company, Dean Enterprises, that he has actually dropped partner companies that refused to follow those ideals.

You can read the report here: http://www.ripoffreport.com/reports/0/401/ripoff0401993.htm

So, if you’re involved in real estate deals with the help of Dean Graziosi, and you’re starting to wonder if you did the right thing, relax.  In a world where it seems that the big guy is always out to screw the little guy, Dean Graziosi and his team really are there to help you – not just once in a while, but whenever you need it.

The plan isn’t to just help you turn one deal; the plan is to help you learn how to continue, time and again, until you aren’t the little guy any more.  Then it’s your turn to share your knowledge with the next “little guy” that comes along.  Let’s give a heartfelt thanks to Dean Graziosi and everyone involved in Dean Enterprises, LLC for really caring.  Bravo!

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