Mortgage Broker Abuse
Did your broker sell you a fixed rate loan and stick you with a high-interest rate ARM? Were there big points, fees and a big number for “YSP POCL” on your closing statement? Was there a big shuffle of papers you did not understand at the closing? Did the closing happen at your home? Did your payments go up suddenly? Was there a loan application in your file showing income that you never said you were making? If any of these things happened to you, your broker was not looking out for you. Your broker was trying to sell you a bad deal and make a fee on it. If your broker is still in business – not always the case these days – you may have strong claims. So if you are in foreclosure, we may be able to file complaints against the mortgage broker which may help you keep your home.
