Question Details

Janet, Home Buyer in

I have contacted a online lender and verbally asked him to lock the rate for me and the lender has sent

Asked by Janet, Wed Jul 2, 2008

disclosure for me but due to the other lender offers better rate. I have asked the lender to cancel my application. Now he wants to charge me for lock fee and threaten if I don't pay then they will report it to credit bureau agencies and will hurt my credit score. Since I didn't sign anything just a verbal commitment, and I liable? Please help. Thanks.

Help the community by answering this question:


Cindi, Thank you so much for your quick reply. I did not sign anything. Just verbal agreement on the phone. The lender is RMC Vanguard. Thanks.
0 votes Thank Flag Link Wed Jul 2, 2008
Did you sign with an electronic signature online? Who is the online lender?
Web Reference:
0 votes Thank Flag Link Wed Jul 2, 2008
The Hagley G…, Real Estate Pro in Pleasanton, CA
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