Legal Question in Real Estate Law in Pennsylvania
Home Closing
My wife and I recently closed on our new home after selling our 1st home 15 minutes prior. We recieved a truth in lending statement a week before closing stating a certain mortgage payment and as we were signing the papers at closing, we come to find out that because of a last second PMI issue, our new payment was 200 bucks a month more than they originally stated. At the point that they had hit us with this we had a choice, dump the purchase of the new house and try to find housing in a day for us and our son or take what they had to give. This all seems kind of shady and unethical or even illegal. Do I have any recourse for this legally? It just seems fraudulent to me.
1 Answer from Attorneys
Re: Home Closing
Without knowing more, I can't really say, but a PMI issue should not have come up at the last minute.
Consult with a local real estate lawyer, bringing all of your documents with you, so that the lawyer may review your mortgage application, whatever disclosures you received in advance, and the documents that you were required to sign at the closing.
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