Legal Question in Real Estate Law in Massachusetts

funding policy for refinancing

my husband and I refinanced our home with United Unified Mortgages of California. The first time we were to close 5-24-03 the notary came to our home unprepared. the next closing was 6-9-03 we signed everything and were told the loan would fund after the 3 day waiting period. It is now 7-14-03 and this has not funded yet I have been recieveing calls from the mortgage co that was suppose to be paid off telling me they will send the credit report out and a possiblity of forclosure if I do not send a payment. I call United Mortgage daily they promise to fund constantly but do nothing Please help my first payment to Unified is scheduled for 8-1-03 but they have not funded Homecoming Financial yet, I cannot afford to pay both a monthly payment Unified has already changed my insurance to show them as lein holder a fact which is making Homecoming very upset they are removed as lien holder yet have not been funded.


Asked on 7/14/03, 10:30 am

1 Answer from Attorneys
David Baker Law Office of David Baker

Re: funding policy for refinancing

You need to see an attorney TODAY or TOMORROW. DON'T WAIT, AND DON'T TRY TO SOLVE THIS PROBLEM WITHOUT AN ATTORNEY. In Massachusetts, foreclosures can happen in a matter of 6 - 8 weeks. If you're in the Boston area, call me at 617-367-4260 for an appointment or a referral to another attorney in your area. David Baker

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Answered on 7/14/03, 10:46 am


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