QWR or no?

[juliachloe]

"My husband and I believe we may have been victims of predatory lending. We initially signed with Homeowner's Financial Group and the truth in lending they gave me one week prior to closing is completely different than what we signed. To ensure we didn't read what we were signing they had us come in just before the builder's closing time. I also don't have a copy of the right to rescission(sp?). They sold the note to Wilshire Credit Corp and they have not delayed the loan modification process but I want to see all of the paperwork they have compared to mine. If I only want copies of papers the lender has, do I submit a QWR? Or do I just write a letter requesting the info?"

[Moe Bedard]

You can send a QWR to get the copies of documents from the closing............

If this was a purchase then the Right of Rescission would not apply.............it only applies to refinances.

The Truth in Lending is not normally given before a closing because it addresses particulars of the final loan approval and figures that would be compiled on the day of closing such as APR due to closing costs and fees..............a Good Faith Estimate is the disclosure that is usually given withing 72 hours after you make a loan application.

[juliachloe]

Do I need to provide a reason for the QWR in my letter?

[Moe Bedard]

The letter is a written request for something.............so you would have to indicate in the QWR what you are requesting................

click on the link for information and a sample letter to help you...............
http://www.loansafe.org/blog/respa/q...ritten-request