under writer messed up loan company cannot sale loan
2007-09-15 16:28:27 · 4 answers · asked by blaze 1 in Business & Finance ➔ Personal Finance
I would proceed with great caution. Don't let them push you into anything that you don't want. You are not responsible for the mistakes of others. Were you represented by an attorney at the closing? What does he/she say about this "mistake"? Do not rush into any refinance without getting good advice on this. If you don't understand some part of this process, talk to knowledgeable people who do. Personally, I would not agree to finance unless they paid me half the value of the house.
2007-09-15 16:39:09 · answer #1 · answered by hottotrot1_usa 7 · 1⤊ 0⤋
No. They prepared the papers and you signed them. Do you think that they would go back and fix something that was in their favor if you asked?
Check to make sure if the mistake is in your favor.
Next, if they are asking you to refinance and the deal was their fault, demand the following:
a better interest rate.
a fixed rate
absolutely no closing costs, recording fees, title fees, points, appraisal fees. They should pay for all of them.
No qualification process. No documents provided by you.
If they continue to harass you, just get an attorney and go to the press. They eat that up.
2007-09-16 01:27:52 · answer #2 · answered by The Smart One 4 · 1⤊ 0⤋
Get real legal counsel. the note may have to stand as is.
we had same problem with car loan.
dealership lost 1500$ because the papers were signed.
2007-09-15 16:37:53 · answer #3 · answered by Anonymous · 1⤊ 0⤋
Check out http://www.mortgagefigure.com there is lots of information about refinancing, consolidation, bad credit mortgages and more.
2007-09-16 18:03:48 · answer #4 · answered by Anonymous · 1⤊ 0⤋