Is there any legal action that I can take against my mortgage lender?
samuel b asked:
He told me that there were going to be no fees attached. He specifically told me this although there is nothing in writing. Funny enough, this guy was a friend with a lot of referral business to lose on this one too! Haha. Yes I was the idiot to trust him. So my question is, does anyone know of a legal way to possibly recover some of the fees or maybe even to put him out of business in order to prevent him from doing this to others?
He told me that there were going to be no fees attached. He specifically told me this although there is nothing in writing. Funny enough, this guy was a friend with a lot of referral business to lose on this one too! Haha. Yes I was the idiot to trust him. So my question is, does anyone know of a legal way to possibly recover some of the fees or maybe even to put him out of business in order to prevent him from doing this to others?
February 7th, 2009 at 5:20 am
You signed a fee disclosure statement. end of story.
February 8th, 2009 at 7:18 pm
You can file a complaint with the FTC 877-FTC-HELP.
February 11th, 2009 at 3:55 pm
He’s your friend?
so why don’t you ask?
“no fees”..can mean…..simple “no fees” on the mortgage and he can show you where..
but the “fees” your talking off are closing..on the home and not the finance..
so ask…….rather than “bad mouth someone” without asking for clarity..
he / this friend/ can probably go through the entire closing process and show you all the fees and explain to you the “mortgage fees” that he absorbed for you
wouldn’t you feel awful ruining a persons reputation..without even hearing ..what they did???or didn’t do???
i made a promise to all my “friends” that if i had a problem with them..i would talk to them first………and ask…
February 15th, 2009 at 1:27 am
Go to him first and discuss this. Give him the opportunity to right the situation. Or at least to satisfactorily explain the charge to you. If you are still unsatisfied and want to pursue it, contact his broker / supervisor, or his state licensing authority, or the Federal government through RESPA. As with all things, weigh the pros and cons of your actions also.
February 15th, 2009 at 6:01 am
Next time don’t go to a “friend” for your financial needs. GO to the best qualified person. I suspect he didn’t try to do you wrong, but I could be wrong.