Legal Question in Real Estate Law in Florida

Closing contract

I closed 11 days ago on a refinancing/home equity loan. I closed with a licsensed notary. My mortgage company has yet to be funded as do I. The company I refinanced with is based out of California. I called to see what the hold up is and the assigned loan officer told me that he was waiting on the home appraisal company to re-adjust the appraisal amount so the house appraises for more. This strikes me as odd since I have in my hand, the refinancing contract, signed by me and the notary. Wouldn't that make this a done deal? Do they have the right to back out on the contract 11 days later or to adjust the money amount or terms for that matter?


Asked on 8/30/04, 6:10 pm

1 Answer from Attorneys
Scott W Barger Barger Law Offices

Re: Closing contract

Would have to see loan applicfation/contract.

Call my offices if you still need assistance.

SWB

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Answered on 9/06/04, 11:43 pm


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