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Old 09-30-2008, 08:49 AM
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Default My mortgage broker gave my loan away and we had to...

...pay closing costs twice!? We received a single step construction loan from a mortgage broker. After construction, we were ready to close our loan, and suddenly the broker said they could not close the loan. Because of the decline in the marked we were not able to sell our existing home, and they said this meant we could not close. However, they never disclosed to us that we had to sell our home. It was listed for sale, but we would never have guaranteed our house would sell!! They approved our loan, funded our loan, and then said they couldn't close. Then they gave our loan to another broker without so much as a phone call. Suddenly I received paperwork from another broker. When I called the new broker she said the previous broker had give her all my information. We ended up closing with them, but instead of the single step construction loan, we ended up having to close with a second set of closing costs, increasing our loan, and payment, even more!!I am thinking about suing the the mortgage broker for the costs of the second closing fees, does anyone think I have a case? Any advice? Any lawyers out there want to do a consultation?Please help!!
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