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 statement; we sincerely apologize for this error. The amount due to usda is $3366.32 and the amount collected was $2366.32, a difference of $1,000.00. We will need you to return a check to us makde payable in this amount as soon as possible so we can return these funds to USDA. and so on.
They also sent us "new" Truth-in-lending" forms with the date marked as the day we closed and asked us to sign these new forms.
Are we liable for these fee's since it was their mistake? Any advice would be appreciated.
"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 statement; we sincerely apologize for this error. The amount due to usda is $3366.32 and the amount collected was $2366.32, a difference of $1,000.00. We will need you to return a check to us makde payable in this amount as soon as possible so we can return these funds to USDA. and so on.
They also sent us "new" Truth-in-lending" forms with the date marked as the day we closed and asked us to sign these new forms.
Are we liable for these fee's since it was their mistake? Any advice would be appreciated.
