is a mortgage note promisary leagally binding?

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I was aware of some promisary, obtain a mortgage to the actual amount to be loaned to me after I said the note, the loan officer I qualify, I do not know when my credit rating was good, then tell a guaranteed amount that I know I do not pay enough. Can I claim the mortgage leagally promised me?

  1. Reply
    dee j
    May 3, 2011 at 7:07 am

    oh yeh

  2. Reply
    May 3, 2011 at 7:49 am

    Yes, a promisary note is a legal document.

  3. Reply
    May 3, 2011 at 8:35 am

    As a practical matter, no. You can wrestle with a pig in the mud, but you get dirty and the pig likes it.

    As a legal matter, probably, it depends on the specific wording of the letter, however, these are quite rare. Usually they leave a bit of room for changes due to your own qualifications, or program changes.

  4. Reply
    May 3, 2011 at 9:05 am

    also remember that your promisary note is a part of your assets and that legal and binding to.this is the part of the mortgage co that doesn’t want you to know.but yes you can sue them, but only for the amount and the cost of the court and your time and loss

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