Mortgage Forum

Joel Fraser

We have an 80/20 mortgage; the first is fixed at 9% and the second is a balloon. We had some real issues with Countrywide just getting into our house. We caught some fraudulent behavior as it was happening which resulted in a total restructure of our mortgage from an ARM to a fixed rate one. But we have some issues about our closing papers and would like to just ask a few questions: 1. Does the 3-day right to rescind apply to first mortgages or just refis and other types of loans? 2. Our closing papers are all back dated a week before we actually closed. Is that legal? 3. We closed on 05/15/2008, but we have a copy of a Loan Lock at 8.25% that was supposed to have expired on 06/06/08, and we are actually paying 9%. What's up with that? 4. We only received a Preliminary Good Faith Estimate, not a final one. Is that normal? 5. We would like to request copies of all our documents, but aren't quite sure what to accuse them of to send the letter. How do we find out what laws were violated?