Legal Question in Real Estate Law in Florida

amended note to prepayment

I just got payoff statement selling home in 10days . morg. comp is saying i have a 5yr. prepay charge but i have a amended to note with a rider to security instrument it has been recorded at time of closing ( in 1999) .That is saying 2yr. Who is right and what can i do. Morg. company said thay will not wave 5yr Im i reading this wrong or do thay not have the hole note. Is a morg. and a note the same thing? Thank you im so lost in all this


Asked on 2/02/03, 11:22 am

1 Answer from Attorneys
Scott R. Jay Law Offices of Scott R. Jay

Re: amended note to prepayment

The mortgage lender is bound to the agreement made at the time of the closing. I strongly suggest that you retain an attorney to review your documents and represent your interests at closing. The failure to do so could cost you far more than the fee paid to the attorney.

Scott R. Jay, Esq. 305-249-8000

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Answered on 2/02/03, 11:54 am


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