Posted on: 28th Jul, 2009 11:58 am
Hello all,
I put in a contract on a brand new condo. My mortgage lender requires a legal separation agreement be filed with the courts. I don't really want to do that, because it will cost double now legal/court costs - I will have to file a legal separation now (closing is coming up) and then dissolution later.
NOW, I've found someone selling the exact same end unit in the same complex for $28,000 lower than what I'm in contract for!!!
I'm already freaked out about owning a place by myself. I'm wondering if I refuse to provide the lender a legal separation agreement if I can get out of the contract and bid on the nearly new one instead.
Insights? Suggestions?
I put in a contract on a brand new condo. My mortgage lender requires a legal separation agreement be filed with the courts. I don't really want to do that, because it will cost double now legal/court costs - I will have to file a legal separation now (closing is coming up) and then dissolution later.
NOW, I've found someone selling the exact same end unit in the same complex for $28,000 lower than what I'm in contract for!!!
I'm already freaked out about owning a place by myself. I'm wondering if I refuse to provide the lender a legal separation agreement if I can get out of the contract and bid on the nearly new one instead.
Insights? Suggestions?
jonesml
Welcoem to teh forum
You need to check the contract and see what was agreed when you singed the contarct.
If you do nto do anythign, you may loose your despost money what youw oudl have paid
Good luck and feel free to ask
Welcoem to teh forum
You need to check the contract and see what was agreed when you singed the contarct.
If you do nto do anythign, you may loose your despost money what youw oudl have paid
Good luck and feel free to ask
I actually ended up calling my sales rep and mortgage broker. I CAN get out of it by refusing to file the legal separation. But yes, I might lose my deposit. Not a big deal, when you compare $500 to $28,000.
Thanks!
Thanks!
Treehugger30
Good luck
$28,000 is big in any way
Good luck
Good luck
$28,000 is big in any way
Good luck
i'm a little surprised that the lender asked for a legal separation agreement to be filed. it's something i've not seen requested in the past. but then again, as we've noted time and time again, requirements are becoming more stringent even as i type this. it's a tedious season in the mortgage game.
