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01-30-2005, 01:04 PM
| | Junior Member | | Join Date: Jan 2005
Posts: 5
| |  closing mistake
What is the name of your state?Georgia.
We closed on our new home a couple of days ago and we have discovered that we were not credited for all of down payment!What do we do now? |
01-30-2005, 01:56 PM
| | Member | | Join Date: Dec 2004
Posts: 396
| | Quote: |
Originally Posted by tsmith1 What is the name of your state?Georgia.
We closed on our new home a couple of days ago and we have discovered that we were not credited for all of down payment!What do we do now? | Notify the title company. In the end though, it may be one of the parties who owe you money and you'll have to make the claim against them. |
01-30-2005, 02:09 PM
| | Junior Member | | Join Date: Jan 2005
Posts: 5
| |  closing mistake
Thanks for your reply. The funds were not disbursed on Friday because lender sent them to the wrong address so the funds will be disbursed on Monday morning. Will this make it easier to repair the problem?
Last edited by tsmith1; 01-30-2005 at 02:13 PM.
Reason: more info
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01-30-2005, 06:32 PM
| | | Quote: |
Originally Posted by tsmith1 Thanks for your reply. The funds were not disbursed on Friday because lender sent them to the wrong address so the funds will be disbursed on Monday morning. Will this make it easier to repair the problem? | Yes, it will make it easier. I suggest you be at the title company when they open their doors for business on Monday morning. |
01-30-2005, 07:53 PM
| | Senior Member | | Join Date: May 2000 Location: Catatonic State
Posts: 75,781
| | Quote: |
Originally Posted by tsmith1 What is the name of your state?Georgia.
We closed on our new home a couple of days ago and we have discovered that we were not credited for all of down payment!What do we do now? |
**A: so where did the rest of the funds go based on your review of the HUD-1? |
01-30-2005, 10:02 PM
| | Junior Member | | Join Date: Jan 2005
Posts: 5
| |  closing mistake
it looks like the builder got the money---again! |
01-30-2005, 10:16 PM
| | Senior Member | | Join Date: May 2000 Location: Catatonic State
Posts: 75,781
| | Quote: |
Originally Posted by tsmith1 it looks like the builder got the money---again! |
**A: we don't give advice on "sounds like". What are the true facts? |
01-31-2005, 02:58 AM
| | Junior Member | | Join Date: Jan 2005
Posts: 5
| |  closing mistake
We paid $5,120 for upgrades to home that was under construction.
This amount is not accounted for on settlement.
Home was $176,000. When our upgrades were added, the price of home became $181,120.
We should owe the $176000 but it shows $181,120. |
01-31-2005, 07:34 AM
| | Senior Member | | Join Date: May 2000 Location: Catatonic State
Posts: 75,781
| | Quote: |
Originally Posted by tsmith1 We paid $5,120 for upgrades to home that was under construction.
This amount is not accounted for on settlement.
Home was $176,000. When our upgrades were added, the price of home became $181,120.
We should owe the $176000 but it shows $181,120. | **A: did you pay for the upgrades directly to the builder? |
01-31-2005, 05:19 PM
| | Junior Member | | Join Date: Jan 2005
Posts: 5
| |  closing mistake
Yes,the builder was paid.( a fact he does not dispute)
Last edited by tsmith1; 01-31-2005 at 05:21 PM.
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01-31-2005, 05:20 PM
| | | Quote: |
Originally Posted by tsmith1 Yes, we paid builder for upgrades at time they were performed. | Did you go to the title company this morning? |
01-31-2005, 10:07 PM
| | Senior Member | | Join Date: May 2000 Location: Catatonic State
Posts: 75,781
| | | I guess not. | |
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