I notice there are several comments here about the ONE piece of paper in the many, many pieces signed. Kudos to all who are so quick as to catch that ONE piece of paper in the stack of several hundred, you are truly outstanding.
And while all those who are so intelligent that they would NEVER get caught in such a situation are reading this I'd like to offer a little insight of what you, as a superior being, should look out for: I recently sold a house, I acted as my own selling agent. I received a copy of the settlement statement 24 hours before closing, the first time I had ever seen a statement before going to the table to sign, and there were numerous errors on it. The amount of the errors: $3000+ So let the sellers beware too.
OH MY GOD! You label anyone here that says the buyer should beware, should have legal representation, should read the document clearly, fully, several times as some kind of snobby elitist. Then you bitch about how enticing the lending companies advertise and how the current lending companies are on par with loan sharks. Horse hockey. Some bad loans were made but more often than not the borrower lied about their income/ability to pay. Then you admit that you acted as your own council in selling a house a noticed numerous errors. That is you were aware enough to catch some errors but still seem to cling to the idea that legal representation is unneccessary.
Since you were the seller how were you not chiefly involved in the creation/finalizing of the closing documents?
Overall your post is both self-defeating and puzzling.