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carry back a second mortgage

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Icon Mini Profile hbbuzz





Joined: 20 Dec 2008

Posts: 1

1.29 Dollars($)
Post Posted: Sat Dec 20, 2008 9:40 am    Post subject: carry back a second mortgage
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i sold some ground for 1.8 and got the 1. and did a second on the.8, but have found out now they took out 1.35 on the first. I never agree to that, is that legal
Icon Mini Profile jvanpetten





Joined: 20 Dec 2008

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Location: Alabama (www.alabamamgt.com)
3.22 Dollars($)
Post Posted: Sat Dec 20, 2008 11:07 am    Post subject:
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Do you have an agreement showing that they could not get more than the 1? Sales Contract? Who handled the closing? They should have followed the contract. The closing statement must be signed by the seller, you, and the first mortgage amount on the closing statement. I am not sure how it got done the wrong way, I would get with the title company/closing attorney.
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Buzz

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Post Posted: Sat Dec 20, 2008 5:37 pm    Post subject: carry back
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contract was very plain. on the closing statement it said 1.35, and i asked but they said we got some more to work with,,i didn't think about that amount being on the 1st, I messed up. Now they are behind and seeing what I can do!!!!!!!
Icon Mini Profile adonis
adonis




Joined: 22 Oct 2005



Posts: 10250
Location: ALASKA
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Post Posted: Mon Dec 22, 2008 12:35 am    Post subject:
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Welcome Buzz,

In my opinion, it will be better if you can consult an attorney in this regard. An attorney will help you in taking the right steps to resolve the issue.

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