Skip to main content

HELP!! I think our lending agent/lender ballooned our loan

I believe we got taken advantage for. I noticed the numbers don't add up correctly.

Here is our numbers and here is what my closing paperwork says.. they also did not give us 3 days for the closing paperwork we only had a day and its on the paperwork. We asked to speak to the closing attorney and they said they can't talk to us as the lender is the client not us.

Our purchase price for our home was 120k we had to add in $10,300 for our septic tank. I confirmed with the lender that the mobile home company received a check for $130,300.

Our closing cost was 13,866.13 which was also tied into our loan.

By our numbers our our loan should have been $143,866.13

Now in closing paperwork it said we had 20k for land credit/deposit and like 8,876.13 in credit.

How they have it.

Sale price is $173,666.13 (don't know how??) -20k deposit $153,666.13 -$8,876.13 =$144,790

HOW????

I can't get anyone to talk to us. Not the lender the mortgage company the closing attorney. NOBODY.

I'm dying of terminal cancer, we sold our home and downsided to a mobile home, etc I don't want my wife and kids to have to battle this if its incorrect. I can PM any of our paperwork.

I think our sale price should have been $143,866.13 Then -20k =$123,866.13 -$8,876.13 =$114,990

Can anyone help me please!

submitted by /u/Syberthug
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/1obccub/help_i_think_our_lending_agentlender_ballooned/

Comments

Popular posts from this blog

Aren't comps/CMAs useless with buyer credits at close happening now?

I'm looking into buying a new construction townhouse in my HCOL US city. I'm seeing builders offering interest rate buydowns worth $20k-$60k on $800k homes (rather than just lowering prices) in order to keep their comps high for their other units, now that buyer demand has been declining. I asked my agent about these, and he said these buydowns aren't even the full story: buyers can write all kinds of other credits into an offer, like their closing costs, prepaid sewer fees, etc. Apparently cash buyers can just write in a "buyer credit at close" for any amount in their offer. So a new townhouse that appeared to sell for $800k in the MLS might have actually been a cash offer with a $100k+ buyer credit at close, meaning the buyer only spent $700k or less in total, but to the rest of the world they can only see the $800k! So that made me realize I can't trust comps/CMAs for other new construction townhouses. The sales prices could be way lower than they appear...

Making offers on houses not listed for sale.

I want to buy a home for retirement. I am looking at lots of options, mostly focusing on the locations that appeal to me. I see lots of Zillow estimates of homes that look like great deals to me. Are these estimates accurate, even though similar houses in the same area that are for sale are usually priced much higher? If so, is it realistic for me to try to make offers to owners that do not have their homes listed? Would a realtor even consider helping me do this? Or, do these values indicate that the houses listed for sale are overpriced, and I should just lowball until someone accepts? Are houses today tending to sell far below list prices, or ??? submitted by /u/chewybrian [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1o4mcon/making_offers_on_houses_not_listed_for_sale/

Co-signing as non-primary resident - effect on size of required downpayment & first time home buyer status?

Contemplating co-signing on a house with my mom and splitting the mortgage payment. I currently have a significantly higher income and much better credit than her. I'm looking at potential home costs and related downpayments but have difficulty using some of the online estimators. From my perspective, this would be somewhat of an investment purchase (I intend to stay in my current location in a different state and contribute to the mortgage), however, for my mom, this would be a primary residence. For purposes of the downpayment size and the type of mortgage arrangement, would it be an investment property or a primary residence? Many thanks for any help. submitted by /u/piercalicious [link] [comments] source https://www.reddit.com/r/RealEstate/comments/km4hvl/cosigning_as_nonprimary_resident_effect_on_size/