Legal Question in Real Estate Law in Minnesota

mortgage law

I am selling my home and I am confused about where all the equity is going, the money owed is aprox, $150,000 the selling price is supposidly $240,000 ($90,000 equity) but the loan officer is saying that I will only be recieving $54,000 in return that includes a $7,000 closing fee that I am paying, Now my question is, how do I go about finding out if I am being taken for the remaining $36,000 without creating waves and making it delay the closing. Also what legal branch would look into these matters?


Asked on 11/17/06, 12:12 pm

1 Answer from Attorneys
Sam Calvert Calvert Law Office

Re: mortgage law

Call the title company doing the closing and have them provide a copy of the HUD-1 to you BEFORE the closing. Review it carefully. Take a lawyer with you to the closing. Don't sign anything you don't understand.

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Answered on 11/18/06, 8:20 pm


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