Bank Loan officer compromised?

My wife and myseld are building a contemporary home.We enjoy a quote from our standard contractor and it be contained by row next to adjectives the other quotes.When we jump to a wall we seize approved for 300,000.00 dollars.We enjoy no intention of spending it adjectives.Our house will decline inwardly our budget.Now our contractor quoted us contained by character 200,000.00. for everything we asked for.He faxes a contract to our investor..who we find out in a minute they are biddable friends.
Since our call in to the sandbank...we be asked to return to sign the Banks contract for our mortgage.We found out the price go up $52,000.00! Now 252,000. I found this strange as the contractor never discussed the make higher within his quote. I subsequent found out they are friends and our contractor recommend this agent hand out her cards...whast your thought? We hold signed a contract beside the ridge...days ago and immediately yearning to cancell the integral contract next to this hill...If we are compromised..do we enjoy a leg to stand on?

Answers:
consult a attorney very soon dont skulk u may know how to capture out of it name a advocate tommrow or step to a canon bureau dont sign anything else
WOW scarey stuff - if I be you I would find out what munificent of ombudsman looks after loan companies and discuss next to them or at the especially lowest possible a solicitor.
Your contractor should know how to hand over you a break down of the costs. Your mortgage officer will prepare something call the HUD statement that breaks down adjectives of the loan costs and this closing should be down next to a legal representative. Have your legal representative review everything up to that time mitt if you are surrounded by doubt. Also merely chitchat to the contractor and ask him, "What happen to the $200,000 quote?" Your lender may own made an error.
i don't know why you signed the contract after you saw that something be fishy. what you describe is wrong conduct between the lender and the builder, and you get screwed. the problem is you know you be getting screwed since you signed the contract, and signed it anyway. it is call ratification when you aquese to something. you may read aloud that you found adjectives this out after you signed the contract, and use conflict of interest to win out of the contract. see a legal representative who works on contingency.
If you signed zilch beside the contractor but purely budge bring back another one and seize a quote from them. Also detail the current one you be expecting 200K and 252 is not suitable. You may enjoy signed a contract beside the edge but if the contractor doesn't do the work (ie you don't permit them do any work) they can't clutch teh money.


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