Question
Bank of America Mortgage Loan???
Im closing on a house in a couple of weeks and I'm wondering if someone from Bank of America will be there the day of my closing like local lenders do. The loan center is in Florida whice is 1000 miles away from me so I'm just wondering what will happen on closing day.
2 years ago - 5 answers
Best Answer
Chosen by Asker
The mortgage papers will be sent to the title company who will then be paid by Bank of America to close the loan. The representative from the title company will be going through the paperwork with you, having you sign everything. Please keep something in mind. The Bank only works for the bank - they do not work for you! They do not make sure you are protected, they do not make sure you are signing what you think you are signing. This is up to you. If you want to read through the loan papers (the note and the mortgage), you should ask for a copy of them prior to closing. If you don't understand them, take them to a financial advisor or a lawyer and have them explain them to you. It seems that too many people go through their home purchases thinking everyone works for them in their best interest - wrong! You and only you are responsible for making sure everything is in order!
by Pat B
2 years ago
Asker's Rating: 
Other Answers
Shah, as if! No, realistically there will be a title company representative, and the brokers/realtors and that will be about it.
by Christopher B- 2 years ago
probably not, you will close with your lawyer who should also be able to explain the documents, dont forget your paying him too so dont be afraid to ask questions. make sure you understand and agree with all charges...
by Zach L- 2 years ago
Dude....Bank of America? Better not be one SECOND late, or they will foreclose. I have heard nothing good about these people--make sure you stay caught up or ahead! Just out of curiosity, may I ask what interest rate they gave you?
by cope_acetic- 2 years ago
You will be alone on that one. Here is what i do recommend before you sign a thing. Have a real estate attorney look over all of your loan papers, and offer papers before you sign a thing. The few hundred bucks you spend could save you thousands.
by Big Deal Maker- 2 years ago