Called the bank on Monday with no response. I finally emailed them Monday night and got a reply today. They stated that it was their mistake and that the bank would "absorb" the remaining fee. I really appreciate the assistance/advice from you guys!!
Thanks for that post. It cleared up what you all have been saying. At no point during the loan process do I remember them stating it would be a percentage of the home's price. From the start they only disclosed it as a dollar amount. Now that you posted that, it only makes sense that it would...
They disclosed the correct Fee in their letter to us. We didn't receive this letter until this week. We were never aware of the correct amount until then. It has been over a month since we closed on our house. To them this may be a simple clerical error but to us it is $1000.00 that we were...
Yeah, it was a big difference. This was not a mistake in our monthly payment amount or any other on going debt. It was a one time fee required at the time of closing. We were in no way aware of this discrepancy until we received the letter. Can I assume that we are not liable? I just want...
I think you misunderstood my question. The settlement statement at closing and all previous settlement statements showed the $2366.00. We were never aware that the correct amount should have been $3366.00 until we received the letter from the bank over a month after our closing. This is why...
I used to work in finance and if we ever made a mistake that resulted in the customer paying less than they were supposed to we would always "eat" that money. I just don't know if we are legally bound to pay these fee's since we have already signed the documents with their mistake.
Yes, the...
I also posted this in the Real Estate section.
We recently purchased a home using a USDA loan and today we receive a letter stating the following:
"Our investor has contacted us regarding an error on your loan that closed on XX day. Due to an error the amount of the loan guarantee to USDA...
We recently purchased a home using a USDA loan and today we receive a letter stating the following:
"Our investor has contacted us regarding an error on your loan that closed on XX day. Due to an error the amount of the loan guarantee to USDA was incorrect in our system and on your settlement...