Posted on: 17th Oct, 2009 11:44 am
I was told by broker i was approved for loan. Signed construction loan and they demolished old home then 10 days after was told that lender upped the credit score requirements therefor we didnt have an approval any more. Had us open 2 credit card accounts to raise credit score and then 5 months later they get approval of 12.2% and if we didnt take it they would foreclose on us. The broker also owns the company that gave us the construction loan and the mobile home sales. We were told we had a loan for 6%. What can we do? We cant afford our mortgage its over 50% of our income monthly. Please Help
do you have all theis documented or did you get all this in writee, if not it isdifficult to prove anything
If you have it all this on a paper, then get lawyer and file case against the broker
If you have it all this on a paper, then get lawyer and file case against the broker