Legal Question in Education Law in California

Buyers Settlement Statement - Unknown Distribution

I recently got a loan to buy-out my brother's half of my father's house we inherited which is in a Trust. My debts, broker's fees, and $24,0000 (1/2 of previous mortgage) were to be paid out of this loan. I only received $10,000 cash out of a $130,000 balloon payment loan. The 24,000 went directly to my brother's attorney. None of my debts were paid and the title company who did the Settlement Statement, will not discuss where my loan money went.

In addition, the broker has asked me to sign a Deed of Trust baloon loan payment for the fees that should have already been paid.

Please advise as to my legal rights if the Settlement Statement is in error and who can make the necessary corrections.


Asked on 2/22/04, 7:53 pm

1 Answer from Attorneys

Donald Holben Donald R. Holben & Associates, APC

Re: Buyers Settlement Statement - Unknown Distribution

Contact attorney to assist. Need to look at all docs, understanding, etc.

Read more
Answered on 2/23/04, 11:34 am


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