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My bank is requesting I resign my note.

I closed July 29th. The original note stated my first payment was due September 1st. Which I paid. Now on September 20 the bank wants me to sign a note stating my first payment is due October 1st. The also told me not to date it by kristied59740 from Frankfort, Indiana. Sep 20th 2016 Reply

William J Acres (William_Acres)
#73 ranked lender in Arizona - 8,727 contributions

You can contact an attorney and let them look it over to see if it's ok.. but understand that one of the disclosure documents you signed when you got your loan was called the "Compliance Agreement" This document signed by you, the borrower stating that they will help the lender after closing to correct errors in the documents at the lenders request. This is meant to only apply to clerical errors so that the loan will meet requirements from Fannie Mae or FHA, etc. So, you are obligated to work with the lender,,, I would ask why they are asking you to sign a different note and how does the payment you already paid get applied.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 NMLS# 226347

Sep 22nd 2016
Dawn Blackman (DawnBlackman)
#67 ranked lender in Indiana - 3 contributions

Hi Kristie, you do have an obligation to work with the lender to meet all requirements of Fannie Mae, FHA... but it is highly unusually to sign and not date documents let alone the Note. Feel free to reach out to me at Dawn BlackmanAcademy Mortgage NMLS 130476? D: (219) 213-2008 | ? F: (219) 472-4248 | ?

Sep 23rd 2016
Joe Metzler (JoeMetzler)
#1 ranked lender in Minnesota - 4,054 contributions

It is very common to have small corrections to your paperwork intensive loan application file. So common, that you actually signed a document at closing saying you would be willing to come back and resign documents if needed to correct errors or omissions. I might ask why, but I really wouldn't be overly concerned at all, and would just go ahead and sign it. Of course some lawyer out there reading this will probably freak out, but in all my years as a Loan Officer, I've had more than my share of files where a client has needed to come back to resign documents - even the promissory note.

Sep 26th 2016
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