Legal Question in Real Estate Law in Pennsylvania

signing Another truth & lending statement after closing with different figures

I recently purchased a home in August of 2006, I sign all my paper work and have copies.

Now the mortgage servicer is

trying to get me to sign a new truth in lending statement

with overall finace charges

$9,000. lower payment after 2 year fix rate is over. decrease will take place once the rate becomes adjustable .

I'm not going to sign I think it shows an over charge, the deal is closed and I think I should be reimbursed the differnce in finance charges.

Please advise?


Asked on 10/16/06, 9:12 am

1 Answer from Attorneys
Matthew Kelly Kelly Law

Re: signing Another truth & lending statement after closing with different figures

Generally, you would have signed a document at closing requiring you to execute additional documents in the event it was necessary. Usually, this occurs as a result of an omission, or mistake. I don't understand from your question exactly why they are asking you to do what it is they are asking, but, they cannot ask you to "change the deal" after closing. If, what they are asking you to sign accurately reflects what you agreed to then you should do it.

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Answered on 10/16/06, 11:22 am


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