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Ask Attyadvisor Your Own Question
Attyadvisor, Attorney
Category: Real Estate Law
Satisfied Customers: 6351
Experience:  29 years of experience in General Practice, Real Estate Law and Estate Law.
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Hello, We refinanced our mortgage in 2/2013. In 3/2013,

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We refinanced our mortgage in 2/2013. In 3/2013, the mortgage company came back to ask us to increase our fire insurance coverage. Based on my calculation, we will need to pay $97,000 additional insurance premiums during the term of the loan. Had the mortgage company communicated this important information to us before closing, we would have rejected this loan.

Did the mortgage company violate truth-in-lending act?

Hello and thank you for your question.

Were you unhappy with the information I provided on your last question?
Customer: replied 3 years ago.



Your information was ok. I need a second opinion since Truth-in-lending is the main issue when I go to court.



I apologize, I thought I answered your questions in detail.


"The truth in lending disclosure is a problem for the lender. Borrowers rely on these statements as well as the good faith estimate to determine whether they can afford the loan.Their offer to pay for 2 years makes it clear that they realize the magnitude of the error."

"This links sets out the damages"

As I stated before this is a TILA violation.

Do you have any additional questions for me?

Attyadvisor and 4 other Real Estate Law Specialists are ready to help you
Thank you.

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