How do i fix a refinancing mistake?

Federico
Refinance my home, mortgage co. suppose to payoff 1st and 2nd on house, but they payed off a differant mortgage of mine (double wide moble home that i rent out ) now i have a 1st and 2nd on my primary home, now i owe way more than the property is worth. Since the mistake was made the mortgage co . says there is nothing that they can do .trying to refinance the secondary property with the doublewide, but having hard time since it is not my primary residence and it is a moble home . if you have any suggestions i would appreciate it . thanks Bob

Aleta
Hi Bob, OMG you are in a pickle. When you closed there is a line on you HUD statement that shows who is being paid off, and I can assume you missed that. Every state has different laws, my suggestion would be to see a real estate attorney about this one, its seems like a big mess to me and I can feel your pain. Alot of attorneys do offer a free consultation. Good Luck, I know this isn't much help. Regards KG

Elise
I'm assuming that you had title insurance with this new mortgage. They would also be responsible for insuring that your existing liens were paid off with the new loan. I would think that your new mortgage company would not want to have a mortgage on your house and have a third lien position with no equity to cover the mortgage.

Collin
Contact the HUD, Housing Urban Development, in your area to get info. You should also contact an attorney that deals with real estate issues.I am a Mortgage Broker, and I always make sure that my clients are aware was is being paid off. I always explain everything to them thoroughly so that they understand what is happening.It is obvious that the broker or company that you dealt with did not do their job as they are supposed to. You can contact the Attorney Generals Office in your state to find out where and who you need to make a formal complaint with.Also, the escrow company should have explained what you were signing and went through the paper work with you. They have to disclose which accounts are being paid in full.

In
First look at your paper work from closing, Was your home list as the property on the note? or was it your Rental? Look at your title company and escrow for assistance as they handle the funding/transferring of money. If they refuse to correct it contact the attorney.

Lashonda
get a lawyerit will be expensive, but it will save you money in the long run

Cody
What state do you reside in?

Consuelo
Your mortgage broker must've been an idiot. He should have seen 3 mortgages on your credit history. I always go over with my clients their credit history like a fine tooth comb. I don't miss anything. I constantly question my clients about derogatories and other mortgages just so I get it right and give them the right answers. Also, the title company is responsible for making sure what mortgages are on the primary property. The lender would also have questioned the title company and the mortgage broker of what was being paid off. They tell the title company what they want paid off in their closing instructions. I deal with this all the time. Who is the lender? Since you signed the paperwork there really isn't anything that can be done except contact the title company. It is their responsibility and maybe the check for your primary mortgage was sent to the wrong lender. Accidents do happen. They would be held responsible more than you.