QUESTION
Error made on HUD am I responsible for the monitary difference?
Asked on Jan 06th, 2012 on Real Estate - Florida
More details to this question:
I used a relocation package offered by my Co to purchase current home (closed Jan 14th), used the recommended lender by the package. The lender made and error on the HUD by double crediting me seller paid doc (per contract) twice. January 12th the title company notified the lender of the error and the change was made. They had more than enough time to correct the HUD before closing as i was given the Final 2 days prior to closing. i was emailed and adjusted HUD on Jan 13th from the lender. So I assumed all changes had been correct. I have all my emails between my mortgage loan specialist from Wells Fargo and myself, title company, realtor...ect.
1 ANSWER
Probate & Trust Attorney serving Sarasota, FL
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Christopher K. Caswell, P.A.
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This is very confusing, especially as to dates. Are you closing next week, or have you already closed? In general, if you received a benefit that you should not have received at closing, even if due to someone else's error or oversight, you have the technical obligation to correct the error. Whether a party will come back against you is another question. Usually at closings, especially with loans, you would have signed a document of the lender and/or closing agent whereby you agree to cooperate in making any corrections.
Answered on Jan 06th, 2012 at 2:00 PM