Brooklyn, NY asked in Consumer Law and Real Estate Law for New York

Q: I need a consumer protection lawyer in New York City. I am dealing with a mortgage company .

I had an offer for sale accepted at the end of August 2022, I paid 10% down and the loan officer stated that he would be able to help me with a loan. It was supposed to take place at the end of November 2022. The sponsor of the property, (seller) and the property management have been in touch with me but it only seems that they are getting the same run around from the loan officer. It is now mid-March 2023 and I was told to wait until the end of the month to have someone help me with the original loan.

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3 Lawyer Answers

A: Real estate transactions in New York typically have attorneys on both sides (and one for the bank, and for co-ops, one for the co-op itself). You should contact an attorney to review the contract of sale (or if not yet entered into, to review the seller's draft) and deal with any issues related to the mortgage financing. The contract will spell out your rights and obligations with regard to financing (assuming there is a financing provision).

Jack Mevorach agrees with this answer

Peter J. Weinman
Peter J. Weinman pro label Lawyers, want to be a Justia Connect Pro too? Learn more ›
Answered
  • STATEN ISLAND, NY
  • Licensed in New York

A: You do not need a consumer protection attorney; you need a real estate attorney because the fact that you're having direct contact with the seller makes me think you do not have an attorney representing you in your purchase. If you DO have an attorney representing you in the purchase, that person should be helping you figure out the issues with your mortgage lender. Do you have a mortgage contingency? Assuming yes, did you meet or waive that contingency? Your deposit (and may more money, depending on the contract) is at risk and you need to get off the internet and into an attorney's office as soon as possible. If you do not have an attorney in mind, you can find one by starting here: https://www.justia.com/lawyers

Good luck!

Tim Akpinar
Tim Akpinar
Answered
  • Little Neck, NY
  • Licensed in New York

A: If you're seeking an attorney, you could supplement your own searches with the tab above, Find a Lawyer. Additionally, state and local bar associations have lawyer referral services. Good luck

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