Legal Question in Wills and Trusts in North Carolina
I apply for a loan, Is it legal that bank asks the closing agent add other people's names onto my loan?
Asked on 1/22/11, 4:04 pm
1 Answer from Attorneys
Jeff Rosner
Rosner Law Firm P.A.
I don't understand the question. You should seek the advice of a real estate attorney before signing any loan documents. In fact, you should insist that you hire your own attorney to do the closing. There is no reason to use the bank's recommended settlement agents - they often make errors and usually they charge more than attorneys (unless the bank is paying the closing fees).
I have seen too many instances where things were done that were not adequately explained to the borrower.
Answered on 1/27/11, 2:00 pm