Printed from StreetEasy.com at 08:11 AM, Nov 23 2014
Talk » Financing » Discussing 'Mortgage Laws - where to find them?'

Mortgage Laws - where to find them?
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Hi all,

I've recently had a lot of stress from the bank trying to scam money from me. It seems the system is set up to try and trap borrowers when they are most vulnerable. I just rec'd a rate lock confirmation by the bank with the wrong date on it. We locked in over a month ago and this document came in after our proposed closing date.

Is there a legal time frame for receiving this document?

Does anyone know a good resource for mortgage laws or borrowers rights?

Thanks so much.

Monas: I noticed you solicited a lot of input from the Streeteasy community on different threads. I think the best course of action is to contact your attorney. In one of your posts you suggested that your current attorney has a relationship with the lender. Obtain a new one. Unfortunately, it seems you are in a bind and are running out of time. You'll need some hand holding throughout the process with a good attorney. I'm not sure anyone on here can resolve your issues efficiently and effectively.

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Contact the Consumer Finance Protection Bureau: http://www.consumerfinance.gov/

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What is your question? What is the "trap?"

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