More details to this question:
My parents obtained a mortgage on their house in 2006. At the time my father was 78 and my mother 75. They met with an independent mortgage person who later sold their mortgage to Huntington bank. The mortgage was sold to them as an adjustable rate, it is not. They also included a provision my parents never agreed to. That is to pay all 30 years of interest first before anything would be taken off the principle. Also the way it was written, they have had no success in refinancing this mortgage else ware at a lower interest rate. Is there anything that can be done?
1 ANSWER
Administrative Law Attorney serving Ann Arbor, MI
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David J. Hutchinson
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Take the paperwork to a good local lawyer right away. There may be some relief that can be had. Good Luck.
Answered on Jul 24th, 2017 at 6:26 AM