Real Estate Law
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Good Morning in Sunny CA. I'm sorry to hear that you are having such a difficult time obtaining the reverse mortgage. I frankly do not understand why the HOA President has to sign off on your loan application, or why he would ask for a letter from an attorney of the type you describe here. None of that makes sense to me. You asked: I don't know if I am legally obligated to stay with my current broker. I don't Know what are my options to pursue this. You may change mortgage brokers anytime you wish, and I would suggest that you at least consult with another one to obtain a second opinion about what is going on. Good luck. I'll be available if you have follow up questions.
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