Person to person loans

I will also be making formal complaints to The Federal Trade Commission (FTC), Housing and Urban Development (HUD) and Federal Deposit Insurance Corporation (FDIC) regarding the consumer protection laws that GTF has broken regarding late mortgage payments as well as GTF unscrupulous business practices that CAUSE the late charges and emotional stress to mortgagors.

My bank loan is person to person loans with BANK OF AMERICA and GTF is breaching my contract with BOA by the illegal and unscrupulous business practices performed by representatives and governed by GTF management.

Unfortunately, father passed away VERY unexpectedly on October 31, 2011 which strangely enough was the day before they took over the loan. I paid a neighbor to care for my unit, get my mail and take care of my dog and fish. We remained there for several weeks and I have been traveling there for extended periods of time throughout the past 17 months and have had limited internet and cell phone service due to the remote area in NY that he retired from Long Island to fifteen years ago.

They consistently charge us for insurance that we have had through our Master Association since the community established a HOA shortly after I closed on my condo. This information payday loans instant payout was passed on to your client and they continually charge us late fees for insurance and escrow when they are the ones not doing their job duties properly.

WE are their best payday loans online no credit check CLIENTS and their company has a responsibility to provide good SERVICE TO US. As my person to person loans documentation will prove, I have been paying your client regularly and their bad accounting florida payday loans is what has created AN ILLEGAL FORECLOSURE which I will also sue them for damaging my credit rating and causing further stress and illness to me because of their illegal business practices that include but are not limited to, harassing clients unnecessarily by calling and bothering and wasting their time as well as NEIGHBORS and FORMER family members of mortgagors, intentionally creating false late charges, imposing person to person loans false insurance charges and escrow charges based on improper accounting and a lack of a company policy for coordinating their departmental information (accounting and insurance,) intentionally NOT paying ESCROW when the escrow payments have been received, creating UNAPPLIED easy approval loans for bad credit FUNDS accounts with hundreds of dollars in the account when those funds should be applied to the Escrow and mortgage and intentionally NOT applying mortgage payments to the proper account numbers so the mortgage would be SEEM past due when it truth, it is CURRENT, AND sending out confusing statements INTENDED to cause mistakes by and emotional stress to mortgagors. In addition to above and below mentioned items that I will be including in my lawsuit, I will also be suing to be compensated for ALL illegally imposed late charges including interest as well as for time lost and emotional stress while attempting to explain to your client.


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Please see attached document that provides the legal statutes regarding late charges. The below is a quick excerpt regarding payments which are governed by Federal and state laws govern mortgage regulations about late mortgage payments. The Federal Trade Commission (FTC), Housing and Urban Development (HUD) and Federal Deposit Insurance Corporation (FDIC) enforce them nationally. Read about consumer protections regarding late personal installment loans mortgage payments. Regulations for HUD-insured homes allow for the servicer of the loan to charge a late payment fee 15 days after the due date, in other words not earlier than the 16th day following the due date. For example, if the due date on your loan is the 1st of the month, you are delinquent by the 2nd and a late charge can be assessed by the 17th if your payment has not been received.

The loan servicer can usually charge up to 4 percent of the monthly payment as a late fee.

Late payments are calculated separately for each month and monthly payments cannot be lumped together. Late payments can also be waived as it is at the discretion of the servicer whether or not to charge a fee in the first place. The borrower should especially have a late fee waived if the payment was late due to no fault situation. I CHOSE to stay while I watched so many walk away and BOA obviously needed to clean up their books and a bunch of upside down condominiums on their books was a perfect way to do so.

I assume that you will be communicating with your client and me shortly to remedy this situation. My next email will be documentation of current payments scheduled via BOA and ABFS to show my good faith EVEN IF GTS IF NOT SHOWING GOOD FAITH NOR GOOD BUSINESS PRACTICES. Melissa, I am not sure what you are asking here as we are not attorneys. You would need to review this with a real estate foreclosure attorney in your state to see if there is a case and how you should proceed. The comments by me and the materials available at this web site are for informational purposes only and not for the purpose of providing legal advice. Most of the information you find here is easily available on the internet. You should contact your attorney to obtain advice with respect to any particular issue or problem. The opinions expressed at or through this site are the opinions of the individual author and may not reflect the opinions of the firm or any individual attorney. Please Read our Privacy Policy and Legal Disclaimer Get free mortgage help today. Since 2007, the LoanSafe forums have helped millions of homeowners over the last 13 years either save their homes with a loan modification, obtain a short sale, person to person loans forbearance, or walk away legally from their underwater mortgages. When we bought our house a few years back, we went person to person loans through a mortgage broker who walked us through the process and completed all of our loan applications for us.

We gave him every documentation of income, assets etc that he asked for - W2s, pay stubs, copies of bank accounts and brokerage accounts etc etc etc. Fast forward to today and we realize that we may have been best payday loan companies victims of mortgage fraud and that the broker may have lied on our loan applications. Our total GROSS income for the year prior to when we bought the house was - say X - and this included the bonus that hubby had gotten at work.

Worse, our signatures are right next to this figure! However, our federal taxable income is only X- 10,000, not X, because of the tax-deferred contribution. The strange thing is that the broker has put in X - 10,000 as the annual income in our loan application with the junior lender. So, we have two loan applications with two different annual incomes stated on them. Second it is hard to prove fraud on a loan document unless it is blatantly without a doubt, there.

In court a fraud claim would have to be tested and satisfied under what is called rule 12B to even be a valid claim in the court. Banks are protected by the Statutes of Fraud and mistakes on documents are covered under the statute. I believe you are making too much out of this so settle down and enjoy the kids. I do not believe that any fraud was committed using the example you provided. Contributing to your 401k is voluntary so your gross income is still your income for loan purposes.

If you needed more money to pay your mortgage you could always stop puting money into your 401k. I know for my child support they use my gross income to determine how much I pay and not my taxable income. Now if I was required to put money into my 401k, by my employer, then that would be taken into account but since it is voluntary then they do not.

It sounds like we may be in trouble with one of the two as a result of what happened -- if we did not overstate our income with Lender No.

I think my next step should be to put in a request with both lenders, asking to see what sort of personal and financial info they have on their files about us from back when we purchased this white elephant. You sound like me trying to make it just right and true. Take it from experieince if you are applying for a mod or loan just let it ride until you hear back from them. I think you should be careful in entering such things because as of now, mortgage fraud is in the trend and it just keeps on increasing this past few years. As a matter of fact, the Federal Bureau of Investigation is cautioning the public against the growing amount of home loan fraud in the nation, which largely is comprised loans for payday of fraudulent loan applications. The FBI is also warning troubled homeowners to be especially vigilant. They are becoming more vulnerable to modification and foreclosure prevention schemes. Since 2007, the LoanSafe forums have helped millions of homeowners over the last 13 years either save their homes with a loan modification, obtain a short sale, forbearance, or walk away legally from their underwater mortgages.


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I just have a question about where one might go to find home values from past sales.

When we got the current bad loan we have, the property appraised at 330,000 and 17 months later the appraisal came in at 224,000. Now I know property values have decreased but this is suspicious and I am preparing all our documents for a review by a real estate attorney. The big thing that stands out in the appraisal is where the comps were. Since 2007, the LoanSafe forums have helped millions of homeowners over the last 13 years either save their homes with a loan modification, obtain a short sale, forbearance, or walk away legally from their underwater mortgages.

When we went through the loan process, we signed all signature lines and initialed all initial lines. Now, the lender is coming up with pages such as the fist page of the promissory note which we never initialed or signed off. Also the mortgage papers were modified without our initials. When we went through the loan process, we signed all signature lines and initialed all initial lines. Now, the lender is coming up with pages such as the fist page of the promissory note which we never initialed or signed off. Also the mortgage papers were modified without our initials. The comments by me and the materials available at this web site are for informational purposes only and not for the purpose of providing legal advice. Most of the information you find here is easily available on the internet. You should contact your attorney to obtain advice with respect to any particular issue or problem. The opinions expressed at or through this site are the opinions of the individual author and may not reflect the opinions of the firm or any individual attorney. Please Read our Privacy Policy and Legal Disclaimer Get free mortgage help today. Since 2007, the LoanSafe forums have helped millions of homeowners over the last 13 years either save person to person loans their homes with a loan modification, obtain a short sale, forbearance, or walk away legally from their underwater mortgages. The bank (Credit Suisse) slipped a prepay penalty into my closing documents in 2006. When I questioned my mortgage broker, he initially said yes, that is how it was supposed to be, and I signed the paperwork thinking that I had misunderstood.

Later I proved that my loan was NOT to have a prepay penalty, so the broker said he would have it removed.

I attempted a refi, and they would not let me refinance back when I still had equity.