Do you have to sign the TIL? inflated income/assets?

[Piscesgirl]

Hello all, I finally received some of my docs from WF (still not sure if it is everything) and was wondering if signing the TIL was important? I signed everything so quickly and like an idiot didn't read any of it. Turns out I have a 5 yr arm instead of a 10 yr and I apparently have an extra $297,000 in the bank! Woo Hoo! I have no idea where they got those numbers... so my current dilemma... does anyone think the following things would help me do anything to get a principal reduction/modification or should I just proceed with a short sale and move on with my life?
1. Income was stated for my husband and he was unemployed at the time. The conditional approval asked for verification which we did not provide…don’t know how they got it if they did
2. My income was also inflated
3. Assets were ridiculously stated to the tune of hundreds of thousands in a bank account I don’t have
4. Did not receive a copy of the TIL …when I recently requested it, I got one but it wasn’t signed by me
5. Was told throughout the process that I had a 10yr interest only arm and it turns out to be a 5 yr
Again, I should have read everything, I know… any thoughts?

[Moe Bedard]

the copies that you receive at closing do not have signatures except for, depending on your state, the HUD1, the buyer's settlement statement, the final affidavit.................the TILA would be a copy, but you would have signed it at closing.

you also would have signed a copy of the final 1003 which is the application for the loan with all of these figures on it.............

read through the adjustable rate note rider and the addendum to note for interest only payment period.............

your loan may be a 5/25 10yr.
which means that it adjusts after 5yrs but remains interest only for 10yrs.


we are not seeing the investors doing principal reductions on firsts with a modification.............