Don't get Bit in the Mortgage Closing Process

Ask almost anyone who's been through the experience: the mortgage closing process can be a lot like root canal – except it goes on longer. The problem concerns the closing costs, a bewildering blizzard of fees that can grow beyond a borrower's expectations and understanding. As the process works now, people choose mortgages based mostly on the interest rates. They have no realistic way of judging the fees that are involved.

While back in 2003, Mel Martinez, the secretary of housing and urban development, vowed to simplify the process, and he did indeed make some progress in that direction, you still really need to consult with an attorney experienced in the mortgage closing process.

Rubin & Licatesi, P.C. is a law firm with practice concentration in various areas including real estate and mortgage banking. Richard H. Rubin, with over 25 years of experience, serves as counsel to lenders, brokers and clients involved in modification and workouts, financing, and the closing of real estate parcels and buildings. Our firm is structured to allow the closing process to develop within several specialized departments which include pre-closing and scheduling and document preparation through funding. This enables each client to specifically track the file at any stage of the closing process.

We are available to answer your questions or address any concerns you may have 24 hours a day, 7 days a week. Contact us now at (516) 227-2662 or e-mail us at This e-mail address is being protected from spambots. You need JavaScript enabled to view it .