Legal Question in Real Estate Law in Massachusetts

mortgage

I own a home the mortgage company approved me for a home for 355,000.00. I gross about 2100.00 a month and the mortgage company got me into a 3000.00 a month mortgage. They told me to sign the papers and they would have me refinanced within one month. It is a year later and I cant afford my payments. I have two young children ad we are going to lose the house. What can I do?


Asked on 8/01/07, 1:14 pm

1 Answer from Attorneys

Re: mortgage

I suggest you contact the State Attorney General's Office with respect to predator lending. You should never have qualified for a loan at $3,000 month based on your income.

Read more
Answered on 8/01/07, 5:11 pm


Related Questions & Answers

More Real Estate and Real Property questions and answers in Massachusetts