R
[email protected]
Guest
Hello:
My wife and I have purchased a COOP APT, and after several months of exhausting negotiation, bureacracy, paperwork, and check writing, it has finally come down to 1 day.
We are extremely unhappy with the Banking institution we chose and even our own atty.
We have proof that our ATTY was not responsive to the other atty's, and may have delayed our closing date.
The ATTY has been negligent, and even abusive by telling us that he "doesn't need this case, its not worth it" AND having his wife, who is not an ATTY or even a paralegal make all the important calls (and has a major attitude problem). The other attys have said she is unprofessional and not saavy. She also seems to twist stories, that we eventually find out are not true. ie. The sellers atty is not ready - but in fact he is when we call him.
The atty even told us that when we came to pick up the contract from him, the night before his vacation, we took up his packing time to go away. UNBELIEVABLE!
Now we're stuck with him thru the closing, and my wife and i have been MAKING several calls, calls to the COOP ATTY, SELLER'S ATTY, BANK ATTY, to push them for a closing on MONDAY (can't do it earlier) - calls and work that our atty should be doing.
If they were more responsive and on the ball, we could have closed a week ago.
ON this FRIDAY, MARCH 31, 2000, our commitment expires as our lock on the rate.
The bank has said verbally, that it will extend it for one day (MONDAY ONLY) but refuses to put this in writing, and quite frankly we don't trust them either.
In addition, the bank 1)never gave us a GOOD FAITH ESTIMATE, when we asked, and told us no pts, when on the day we signed the commitment, required a $400 loan origination fee.
IS THERE ANYTHING, any legal recourse we have against 1) Our atty, and 2) the bank.
One has been negligent, the other misleading (false representation of the facts)
This situation has caused us ENDLESS GRIEF. Please help with some advice.
Sorry for the long explanation,
THank you so much for your help.
Rob
My wife and I have purchased a COOP APT, and after several months of exhausting negotiation, bureacracy, paperwork, and check writing, it has finally come down to 1 day.
We are extremely unhappy with the Banking institution we chose and even our own atty.
We have proof that our ATTY was not responsive to the other atty's, and may have delayed our closing date.
The ATTY has been negligent, and even abusive by telling us that he "doesn't need this case, its not worth it" AND having his wife, who is not an ATTY or even a paralegal make all the important calls (and has a major attitude problem). The other attys have said she is unprofessional and not saavy. She also seems to twist stories, that we eventually find out are not true. ie. The sellers atty is not ready - but in fact he is when we call him.
The atty even told us that when we came to pick up the contract from him, the night before his vacation, we took up his packing time to go away. UNBELIEVABLE!
Now we're stuck with him thru the closing, and my wife and i have been MAKING several calls, calls to the COOP ATTY, SELLER'S ATTY, BANK ATTY, to push them for a closing on MONDAY (can't do it earlier) - calls and work that our atty should be doing.
If they were more responsive and on the ball, we could have closed a week ago.
ON this FRIDAY, MARCH 31, 2000, our commitment expires as our lock on the rate.
The bank has said verbally, that it will extend it for one day (MONDAY ONLY) but refuses to put this in writing, and quite frankly we don't trust them either.
In addition, the bank 1)never gave us a GOOD FAITH ESTIMATE, when we asked, and told us no pts, when on the day we signed the commitment, required a $400 loan origination fee.
IS THERE ANYTHING, any legal recourse we have against 1) Our atty, and 2) the bank.
One has been negligent, the other misleading (false representation of the facts)
This situation has caused us ENDLESS GRIEF. Please help with some advice.
Sorry for the long explanation,
THank you so much for your help.
Rob