Lender Fraud on my mortgage?

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I just received my loan back from a forensic examination and he has several Vialat ready, now what? This meeting was held as investment property, and I do not want. Due June to exclude.

5 Comments
  1. Reply
    Sane
    April 29, 2011 at 11:33 pm

    Sell it or live with it.

  2. Reply
    GVD
    April 30, 2011 at 12:10 am

    So, you now found someone else to blame right? As if you didn’t know what you were buying at the time. Isn’t it nice to rewrite history and blame others for your poor choices. Forensic loan audits are a joke and just way to pad lawyers pockets and make excuses for “investors” that want to justify bailing on their responsibilities.

    It’s disgusting!

    My $ .02

  3. Reply
    real estate guy
    April 30, 2011 at 12:27 am

    i’m guessing the “violations” are minor or you would have posted them here. so before anyone can answer your questions, it would help to actually know the FACTS.

  4. Reply
    acermill
    April 30, 2011 at 1:15 am

    So some ‘expert’ found loan violations. If you are thinking this will invalidate what you signed and borrowed, you are wrong. You STILL got the money and are responsible to pay it back. That proper loan procedure may have been violated changes nothing for YOU. All it does is gives evidence of violation to discipline/punish the loan originator. You STILL own the property, and will continue to do so until foreclosure occurs. And THAT won’t be pretty, because lenders tend to go after your other personal assets when an investment loan defaults.

  5. Reply
    golferwhoworks
    April 30, 2011 at 1:39 am

    So what? The fact is you took the loan. The violations if founded fall back on the originator and possibly you as well. You still owe the money. Not what you wanted to hear. Loan fraud has a max fine of $ 1,000,000 and 30 years jail time. So whom ever committed the fraud can be held accountable by the courts.
    Investment property is always with full recourse and any money owed will get paid to the lender.

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