http://rightsradio.com/mortgage-refinancing-delays-frustrations-rejections/ Where Your Rights Have a Permanent Address: Consumer Rights, Economic Rights, Homeowners Rights, Condo/HOA Rights, Health Rights, Security Rights & Safe Pet Care Rights Mon, 01 Mar 2010 00:24:19 -0700 http://wordpress.org/?v=2.9.2 hourly 1 http://rightsradio.com/mortgage-refinancing-delays-frustrations-rejections/comment-page-1/#comment-2261 Dr. Joyce Starr Mon, 01 Mar 2010 00:24:19 +0000 http://rightsradio.com/?p=472#comment-2261 Mike, readers will be stunned to learn that a bank can reverse itself after closing, not to mention the $600 certification they required after the papers were signed. There is no explanation, because it's wrong! Political-speak to the contrary, the bank did its best to deny you the savings. You provided a public service by sharing this information. Mike, readers will be stunned to learn that a bank can reverse itself after closing, not to mention the $600 certification they required after the papers were signed. There is no explanation, because it’s wrong! Political-speak to the contrary, the bank did its best to deny you the savings. You provided a public service by sharing this information.

]]> http://rightsradio.com/mortgage-refinancing-delays-frustrations-rejections/comment-page-1/#comment-2260 Mike Sun, 28 Feb 2010 17:10:34 +0000 http://rightsradio.com/?p=472#comment-2260 When refinancing in early 2010, I supposedly locked a rate of 4.75. After 2 weeks of no word from the bank...I finally learned that the rate was not locked and it fell through.....1 month later...the rates returned and I stated emphatically to lock the rate again. This time it was done, and I signed the papers and paid the closing costs at the closing on a Wednesday. What relief to save $100/month in payments and throw in some extra on principal. Again, this was a done deal......until Friday, I received a call stating the bank buying the loan from my bank stating I lived in a flood plain. Holy Cow(substitution) I'm thinking, how is this possible after closing. The next week, I produced a FIRM map from FEMA that showed my house was not within the flood plain. They stated I needed a Elevation Certificate from a surveyor for a mere $600. I'm thinking of getting a lawyer because I would like to think I have some rights here. Totally bewildered in Peoria, Illinois When refinancing in early 2010, I supposedly locked a rate of 4.75. After 2 weeks of no word from the bank…I finally learned that the rate was not locked and it fell through…..1 month later…the rates returned and I stated emphatically to lock the rate again. This time it was done, and I signed the papers and paid the closing costs at the closing on a Wednesday. What relief to save $100/month in payments and throw in some extra on principal. Again, this was a done deal……until Friday, I received a call stating the bank buying the loan from my bank stating I lived in a flood plain. Holy Cow(substitution) I’m thinking, how is this possible after closing. The next week, I produced a FIRM map from FEMA that showed my house was not within the flood plain. They stated I needed a Elevation Certificate from a surveyor for a mere $600. I’m thinking of getting a lawyer because I would like to think I have some rights here. Totally bewildered in Peoria, Illinois

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