Quote:
Originally Posted by GeoffC
try a search for said term ..... !!!!
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I had simply hoped for a quick helpful response, not instructions on inter-net searches.
"There's a whole class of people involved here who will never be held accountable: mortgage brokers. These are the people who processed the mortgage applications, encouraged people to lie in those applications to look creditworthy when they were not, pressured people into borrowing more money than they needed (I actually heard ads suggesting that one take out an equity loan to go on vacation), etc. These people made millions in referral fees, but have absolutely no accountability at all."
Here Here! My mortgage broker is my ex-best friend. We had our house paid off and decided to go for a remodel. We took out a loan to do so. I was in Canada showing horses when my ex-husband signed the note. The ex friend managed to lie to him telling him it was a standard loan. The contractor that we hired stole $125K, ruined the house, and bailed after taking the roof off. We spent a year with tarps and no roof. In Western Washington. Then a year later discovered that the payments ballooned. Yeah, I'm NOT a happy camper!