Legal Question in Real Estate Law in California

On 12/23/2008 I purchased a new home, and financed through Chase bank. The underwriter (I'm assuming) overlooked the property tax information (which was accuratly given by the county assessors office) and miscalculated are loan by about $3000 dollars. Due to this my intial FIXED mortgage payment increased by $300 per month. Do I have a case of negligence here?


Asked on 1/18/10, 3:55 pm

1 Answer from Attorneys

You would have to give us more information about how your loan was placed and the exact details of how you were told what your monthly payment would be, how and when you were told it would be $300/mo higher, etc. This may be a RESPA violation. It could be negligence on the part of your loan broker if you used one, etc. Without more facts, however, we can't really evaluate your situation. Feel free to repost, or you can give me a call to discuss the facts and get an initial evaluation.

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Answered on 1/23/10, 6:19 pm


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