Legal Question in Real Estate Law in California

Refinancing-once we sign are we bound

hi

i was wondering if sign the loan papers for refinancing but have not yet done the appraisal and have changed our mind about refinancing are we bound by law or have financial costs for not going ahead with the loan.


Asked on 2/23/04, 3:05 pm

1 Answer from Attorneys
Bryan Whipple Bryan R. R. Whipple, Attorney at Law

Re: Refinancing-once we sign are we bound

You or your lawyer would have to read all the papers you signed already. However, I would be very surprised if you were obligated to go through with the refinancing. At most, probably, your obligation might be for any costs the broker has incurred on your part. Read what you signed; the answer lies there.

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Answered on 2/23/04, 3:19 pm


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