Many users of LodeStar’s closing cost calculator use it in most or all of the states they do business. However, it’s telling to note that, of all of our single-state users—title companies that prefer to do their LEs and closing cost estimates by hand—the vast majority use it for the state of New York.
California has built a reputation as a heavily regulated state with a complex system of laws and rules, no matter what part of the economy or society being discussed. So it’s probably no surprise to learn that, when it comes to property fees, taxes and other influences on creating an accurate Loan Estimate and closing, California is one of the trickier places in which to do it.
Illinois is a state of contrasts and complexities. Home to the notorious (for settlement services purposes, that is!) Cook County, Illinois is a place that certainly keeps loan officers and title agents preparing CD’s and LE’s on their toes.