Can a bank force me to sign a new NOTE because of the date I signed? Their discrepancy. They want payments a month sooner.

You want to do what is in your best interests. You should contact the loan officer for your loan and ask. He or she still owes a duty to you to come up with the answers so you do what is best for you. it sounds to me quite peculiar that they would request such a change just to get the payment a month sooner, but on the other hand you may want your loan with whoever will be servicing it rather being stuck at an originating mortgage bank or lender because they could not sell it.

If you recently signed loan documents, you would have signed a compliance agreement which says you will cooperate to ensure the lender has a complete file that is insurable and sellable. You may want to have your attorney look that over, or go through the information with the loan officer you were working with.

Yes and No.. they cannot force you, but if you don't comply, your loan could be called due.. One of the disclosures you signed when your loan was originated is called a "Compliance Agreement:" This document signed by the borrowers stating that they will help the lender after closing to correct errors in the documents at the lenders request. This is meant to only apply to clerical errors so that the loan will meet requirements from Fannie Mae or FHA. If you don't sign, then you are in breach, and the lender has the right to call the note due and charge you for any losses they incur as a result of your non compliance.. Even though this was a clerical error on the banks part, it makes no difference.. you agreed to cooperate in the event this happened.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com NMLS# 226347