Legal Question in Real Estate Law in Illinois
Can our PMI company require us to bring money to the table at closing AND sign a promissory note? Isn't that like a car insurance company making you pay for the loss on your car accident? I don't understand how the insurance company can make you do this!
Asked on 3/24/11, 8:47 pm
1 Answer from Attorneys
Is this a new purchase, a refi? What? Normally if you are short on closing costs, once the HUD-1 is prepared, you bring money to the table. And you sign the promissory note (and mortgage and another 100 pieces of paper.....). Normally also it's the title company that tells you what to bring if you have no attorney....
Answered on 3/25/11, 11:05 am
Related Questions & Answers
-
If a neibor vomits on your porch can you have them arrested or sue Asked 3/23/11, 5:42 pm in United States Illinois Real Estate and Real Property
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
