Posted On: July 8, 2008, 9:23 am CDT

Posted By: Tina

I am an escrow officer in Florida and witnessed closing after closing of very un professional mortgage professionals explain to their clients, not to worry about the terms they would be refinancing in a year. That year of course is long gone and I am sure the majority of these folks are losing their homes. These are everyday workers that trust in the "professionals" giving them advice. I applaud caveat for reading his documents I wonder if that wasn't the 6 hour closing I had a few years ago. It actually is not neccessary, as lenders are suppose to have the documents available to you 24 hours in advance. That is the regulation, but again how many folks know that? I guess not many.That is why the title companies are usually given the fault, when it si actually the lender that decides when documents are given. I can only say ask questions, call around and if in doubt ask the title company, or attorney, they can usually give you where to turn to, but always ask before you sign.