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Mortgage Laws - where to find them?

Started by monas
over 12 years ago
Posts: 18
Member since: May 2012
Discussion about
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.
Response by BillyRes
over 12 years ago
Posts: 166
Member since: Feb 2008

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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Response by matsonjones
over 12 years ago
Posts: 1183
Member since: Feb 2007

You need an excellent real estate attorney.

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Response by NYCNovice
over 12 years ago
Posts: 1006
Member since: Jan 2012

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

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Response by Sonya_D
over 12 years ago
Posts: 547
Member since: Jan 2013

I agree with the other comments, but in the meantime, have you tried:

http://www.findlaw.com

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Response by Consigliere
over 12 years ago
Posts: 390
Member since: Jul 2011

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

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