Asked by Jen, Syracuse, NY • Thu Sep 15, 2011
I was all set to close on my house 3 months ago. Mold was found during the final walk through the day before closing. It's been 3 months and the issue is not fixed yet (Relocation owns the property). For the first month my attorney kept extending my lock-in date weekly (for a $20 a day charge) in hopes they would get it done quickly. After about a month my lender HSBC told me I could let my lock-in expire and not endure the fees. I'm a first time home buyer and I had to no idea you could even do this, I thought paying the fees were my only option. By then the relocation company said they would be done soon so I extended it one more week. I notified HSBC today that I will be letting it expire and they decide to FINALLY NOTIFY me that I could have let it expire and if I wanted to re-lock before the 30 days THEN I would have had to pay the fees. This would have saved me THOUSANDS of dollars. My attorney says HSBC is not at fault. Why wasn't I told this information sooner?
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