Question
Home Refinance gone bad?
I signed my papers for my home refi 8 days ago.Three days later the Mortg company came back,and said I had income verification problems,and sent me back to underwriting.I checked today,and it appears I think by mistake they paid off my Second mortgage on the house which was 28.8k.They did not pay off the primary.After I have signed the papers can they shut me down like this,and how will this thing with the equity line payoff play out?What are my rights?
4 weeks ago - 2 answers
Best Answer
Chosen by Asker
It is impossible to figure out exactly what happened to you from what you wrote. It is very important to do any financing with a local loan officer that you can walk in and sit at their desk and point at stuff and ask questions. If you are doing this over the internet- I would recommend that you at least get on the phone and try and track down some human that you can talk with and figure out this stuff. As to laws- the majority of laws about this stuff will be state laws.
by glenn
4 weeks ago
Asker's Rating: 
Other Answers
It depends...did you sign for a CLOSING or just the RESPA documents? Do you even know? Loan closings are legally binding...however, nothing in ANY mortgage clause is legally binding if you gave FALSE information that caused them to give you the loan in error. You would have signed a paper giving them that right.
by Expert Realtor- 3 weeks ago