Legal Question in Real Estate Law in California

I have a fixed 30yr mortgage and my payment went up $200 after 8 month of paying it. the bank said that there was a bad calculation by the loan officer. Is this legal?


Asked on 9/19/10, 1:42 am

1 Answer from Attorneys
Terry A. Nelson Nelson & Lawless

Legal? Yes, it is not a crime. However, you need to have your documents reviewed by counsel or someone to determine if they had the authority to do so, and to deal with the lender to try to correct the problem. If serious about doing so, feel free to contact me.

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Answered on 9/24/10, 10:13 am


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