Legal Question in Real Estate Law in New Jersey
Is an existing mortgage holder legally bound to provide all loan information to an independent mortgage broker who is attempting to refinance the loan with a different company?
Asked on 1/12/10, 8:14 am
1 Answer from Attorneys
John Corbett
Corbett Law Firm LLC
No, and the independent broker shouldn't need it. If the loan is being refinanced, all the broker needs to know about the loan that isn't part of the public record is the payoff balance.
See also: http://info.corbettlaw.net/lawguru.htm
Answered on 1/17/10, 4:33 pm