Are their any legal remedies for my loan getting changes by lender just hours before closing.?

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I purchase a condo the beach. We were not notified until closing that our lender switched out loan to an adjustable mortgage with a balloon payment. We had already payed escrows and had no idea of what had taken place. Are there any legal remedies for this behavior by lender and broker?

1 Comment
  1. Reply
    Mr Doesright
    February 2, 2011 at 1:36 pm

    Lender has to honor original contract unless a clause is inserted. Check your original. Compare differences and see what the pros/cons are. Keep the info to yourself. Contact the lender and the MAIN loan processor and demand a reason and/or resolution.

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