I was given a promisary note to obtain a mortgage for the actual amount to be loaned to me, after I recieved the note the loan officer tells me I don't qualify, after my credit check was good, on a stated income then they tell me I don't make enough salary. Can I leagally sue for the mortgage promised to me?
2006-08-20 04:14:50 · 4 answers · asked by karen s 1 in Business & Finance ➔ Personal Finance
Yes, a promisary note is a legal document.
2006-08-20 04:23:11 · answer #1 · answered by deedleydee 3 · 0⤊ 0⤋
also remember that your promisary note is a part of your assets and that legal and binding to.this is the part of the mortgage co that doesn't want you to know.but yes you can sue them, but only for the amount and the cost of the court and your time and loss
2006-08-24 02:32:29 · answer #2 · answered by DENISE 6 · 0⤊ 0⤋
As a practical matter, no. You can wrestle with a pig in the mud, but you get dirty and the pig likes it.
As a legal matter, probably, it depends on the specific wording of the letter, however, these are quite rare. Usually they leave a bit of room for changes due to your own qualifications, or program changes.
2006-08-22 19:35:09 · answer #3 · answered by rogerv_dotcom 1 · 0⤊ 0⤋
oh yeh
2006-08-20 04:20:06 · answer #4 · answered by ? 7 · 0⤊ 0⤋