Mortgage broker doesn’t want us to register the house…?
Hi everyone, running into an odd situation. I’ll summarize it briefly:
We sold our home, bought a home (putting down 50%), got a mortgage broker through a recommendation who ended up being a nightmare.
He’s been extremely unclear on the progress of our situation and called us 2 days before the move out date to say he got us approved but wouldn’t share details on what rate, how much etc.
Then he said, we’ll go to the bank Tuesday morning (today) to close the deal. But also said there wont be any available funds even though the mortgage is approved, so to help he’ll offer the missing amount to close the house, he’ll be paid back from the mortgage funds once available and thus we’ll be able to close the home, but doesn’t want us to register it until the mortgage goes through and he’s paid back.
I’m pretty sure its illegal to not register a home and beyond that it all smells fishy to me…
Any thoughts/advice?
Move out date is today, and we do not have a home to move in to as it stands due to a lack of funding.
Thank you for reading!
submitted by /u/wtrbased
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