My question involves real estate located in the State of: Alabama.
We closed on our house around thanksgiving of 2016. About four weeks after we closed and moved in and had been living there, the title company called and said they had made an error and were at risk of having to buy our mortgage from our lender. Apparently they missed something until after we had closed in moved in the home. Our lender was gonna sell our loan to an investor. The investor wouldn't buy our loan from our lender until we sold our previous home. We were very open and gave all paperwork and debts. The title company missed the part where we had to sell our house before the investor would assume the loan. The title company agent is saying that her company is in danger of having to buy our loan. She suggested a no cost refi after our house sell( it is under contract). We have started the refi process now and our payment would be $100 per month more since it shows my debt for the new house on my credit. What are some options?