Posted on: 03rd Oct, 2008 12:11 pm
sons ss# to report to the irs, and had my mortgage payments $1000.00 more per month than my last loan, and to top it off he made $19,000.00 off that loan. i realize that i ahould had not signed the documents. my husband had just
past away, and the last loan we had the payments came to $3000.00 per month which was to steep for me. so, i went to
peoples choice to see if i could refinance . the broker wrote
the new loan lying about alot of things. not knowing what to
do i went ahead and sign the final documents, as for i was going into forecloser with my last loan on the count of donnie
passing away, and me not having enough funds to make the payments.
anyway to bring you up to date, i went through foreclosure
again. this time to the point of losing my home.
i did higher an attorney who i thought was a good one,
he told me all these thing that were not right within my
last loan. wrote 1 letter to peoples choice regarding this
matter, but never follow up on sny of the letters he wrote.
after doing some research on my own i found out that the
broker that wrote the loan had an expired license, and the company peoples choices bond had expired and that also
they had followed bankrupyl. my question to you is: is it
legal for a broker to write a loan without a license and lieing
about alot of things in the loan? is there anything i can do
to regain my house back to me, being that the loan had alot
of lies in it? if i can't get the house back who would i go
after for all this people's choice (who went bankrupt) or the
broker? whos license had expired? thanks debbe
past away, and the last loan we had the payments came to $3000.00 per month which was to steep for me. so, i went to
peoples choice to see if i could refinance . the broker wrote
the new loan lying about alot of things. not knowing what to
do i went ahead and sign the final documents, as for i was going into forecloser with my last loan on the count of donnie
passing away, and me not having enough funds to make the payments.
anyway to bring you up to date, i went through foreclosure
again. this time to the point of losing my home.
i did higher an attorney who i thought was a good one,
he told me all these thing that were not right within my
last loan. wrote 1 letter to peoples choice regarding this
matter, but never follow up on sny of the letters he wrote.
after doing some research on my own i found out that the
broker that wrote the loan had an expired license, and the company peoples choices bond had expired and that also
they had followed bankrupyl. my question to you is: is it
legal for a broker to write a loan without a license and lieing
about alot of things in the loan? is there anything i can do
to regain my house back to me, being that the loan had alot
of lies in it? if i can't get the house back who would i go
after for all this people's choice (who went bankrupt) or the
broker? whos license had expired? thanks debbe
Debbe,
I am so sorry you had to go thru all of that! Contact the Department of Financial Regulations in your state and file a complaint. There should also be a Bankers or Brokers Association in your state, I would contact them as well. What was your last conversation with your attorney, what was his or her stand?
If the state that you are in requires the Broker to be licensed, that license must be current and active to write loans! You can go after the broker too. Let me know what state you are in and I can provide you with more information.
I am so sorry you had to go thru all of that! Contact the Department of Financial Regulations in your state and file a complaint. There should also be a Bankers or Brokers Association in your state, I would contact them as well. What was your last conversation with your attorney, what was his or her stand?
If the state that you are in requires the Broker to be licensed, that license must be current and active to write loans! You can go after the broker too. Let me know what state you are in and I can provide you with more information.