l2iceman

Hey everyone...

I have a closing coming up and was wondering if anyone can chime in here:

I have a closing on condo purchase soon.

This is mainly regarding the mortgage broker. The verbal agreement was that he will try to get me approved either himself(meaning he is the agent and sending it to banks for approval, therefore getting paid commission from the bank we go with) or if he could not get me approved that way, he would go through a contact at a bank(employee of a bank) that does mortgages and if this were to get approved, I would pay 1 percent as his commission(since he would not get paid from the bank).

I did not sign anything and told him that if he cannot get it approved himself, I wouldn't do it...

So that was 7-8 weeks ago...

Now we have got everything approved and ready for closing...he got it approved himself, so will be getting commission from the bank we are going with...

I just got notified by my lawyers office(voice mail yesterday, called back today, left message, waiting for call back), that he faxed them a letter of direction to collect the 1% from me...

I did not sign anything stating any percentage and I was very clear with him up front...and he got it approved himself...so I don't know why he sent it...I have not seen this letter of direction, so I don't know if it is him directing the lawyer, or he put my name on it, and is expecting me to sign it?

So my question is:

can I tell the lawyer to ignore that letter of direction as I will deal with it in person with the mortgage broker? I am assuming so...otherwise anyone can send random letters of direction and demand money...

I'm assuming I should be able to tell the lawyer to ignore it...as it is "my" lawyer, not the mortgage broker's lawyer...and so this letter of direction...which I have yet to see...shouldn't do anything unless I sign it...am I wrong to assume this?

Thanks for the help!

miss_jess

iTrader: (2)

bump for some help

l2iceman

Thanks, I got it figured out and everything went well...and the answer is yes, you direct the lawyer on what to do.