All Forum Posts by: Mary M

Since I don't really have my full name on here...is there a way it can be traced back to me if I give the name of this mortgage company that did this to me? I just don't want anyone else to get screwed over by them like I was. Or should I give the initials of the company at the state they're in?

We didn't just pay the appraisal fee and that was it...we actually signed a ton of documents and contracts that had what we were getting which was a 4.25% interest rate with no points. We have refinanced a couple times in the last several years and have never had any problems. So this was nothing new to us. They had all of our paperwork, check stubs and a ton of other documents they had requested. There was really nothing else that they needed they had everything. We have always used Bankrate to get the lowest rates because we have always had positive results using their advertisers. After my husband spoke to the president finally after trying to get a hold of him several times they sent a one page form explaining why we didn't get the loan. I almost fell off my chair laughing because they checked off a box that said something in the effect of didn't qualify for the loan we needed. Are you kidding me? They could never find an easier or better candidate for a loan than us. You can tell they had to send out something after complaining to them so many times. The funny thing is they e-mailed that settlement form again and said we have to sign it and have it faxed by Wed. They sound desperate. The settlement says we can't complain about them. BTW, they're from Arizona and we live in CA. My husband just wants to sign it and get our money back...but I'm still angry that they can get away with something like this without any complaints put against them.

Thanks for your responses...the $495 was the appraisal fee. There were no other fees paid up front.

My husband and I locked in a rate of 4.25% on a 30 year loan with a mortgage company. We paid the $495 fee and the senior loan guy told us this was an easy loan to do because of my husbands excellent credit score, his debt to income ratio and all the other factors. Our house appraised for the amount it was supposed to also. So another few weeks went by and he said it usually takes 30-60 days to close. The holidays came and went and we didn't hear from them...so I called, left messages, e-mailed and then he finally gave us a call back saying the loan didn't close because the lock expired. He said he tried to get us another extention but he couldn't! We said what??? We said how could this happen? The only thing he could say was it was the "big banks fault ...the chases and the wells fargos". He said the rates went up to 4.8% and that we can either get a refund or they can hold our app until the rates go back down. We said a refund. We were supposed to save $400 a month with this new interest rate! That's a ton of money for 30 years! I am so angry and furious. So get this...we then get this e-mail with a form we have to sign to get our money back. In the form it states we can't bad mouth them or complain after we get our money. Are you kidding me??? My husband called the president of the company and the guy said he has to sign it. We now received a new form to sign titled settlement form...to sign in order to be refunded our money. We still haven't signed it and feel like we were totally screwed over by these people. I can't understand what went wrong and how on earth couldn't this guy close such an easy loan? The only thing I'm starting to wonder is if he received a kickback from our original mortgage company so our loan wouldn't be taken from them so they can keep making money from us paying our mortgage. Is that possible? I can't understand what else could do this. What are my rights I'm so mad! We had asked them to pay us the money we would have saved over the life of the loan but they didn't agree. What jerks!! No wonder they have no complaints because of this crap they're pulling. I even found them on Bankrate.com

BTW, I live in California

My husband and I are looking for a larger home for our family. We found out that one of the homes on the next street over is in pre-foreclosure. We don't know the person that lives there and don't know what the house looks like except for the general info like sq. footage and the lot. From the zillow photos it looks like a house we would be interested in. A few days later an agent that we had talked to about a house that he was selling told us about this same exact house that he will be listing soon. He said the house isn't ready and the people living in it are slow and are not returning calls or wanting to show it yet. He keeps giving us an excuse or is giving us conflicting information. I didn't say anything to him that we found out it was in pre-foreclosure but he didn't either. He also gave us the price he was going to list it for and it's about 400,000 more than what the opening bid is once I guess it's in auction. So what is going on here? Does he actually have the listing...is he buying it to flip or what? How can we go about getting this home without this agent? First he told us that he just got the listing and then he said he's had the listing for 3 months now! I don't get it.