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.
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
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
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
Justia Ask a Lawyer is a forum for consumers to get answers to basic legal questions. Any information sent through Justia Ask a Lawyer is not secure and is done so on a non-confidential basis only.
The use of this website to ask questions or receive answers does not create an attorney–client relationship between you and Justia, or between you and any attorney who receives your information or responds to your questions, nor is it intended to create such a relationship. Additionally, no responses on this forum constitute legal advice, which must be tailored to the specific circumstances of each case. You should not act upon information provided in Justia Ask a Lawyer without seeking professional counsel from an attorney admitted or authorized to practice in your jurisdiction. Justia assumes no responsibility to any person who relies on information contained on or received through this site and disclaims all liability in respect to such information.
Justia cannot guarantee that the information on this website (including any legal information provided by an attorney through this service) is accurate, complete, or up-to-date. While we intend to make every attempt to keep the information on this site current, the owners of and contributors to this site make no claims, promises or guarantees about the accuracy, completeness or adequacy of the information contained in or linked to from this site.