Mortgage Appraisal Fraud
Our refinance appraisal was total fraud. Lender was told this. New lender not told of the bogus value. Fraud?
Lender was aware the appraisal was complete fraud. They went into bankruptcy and sold the loan to another. As they were aware the property was not close to the loan value, does the new mortgage holder have recourse togo back to lender , can I get this lowered on the balance. New lender it seems should be able to get an adjustment.
The new lender that bought the loan is going to hold you to the value that it was appraised at. When you refinanced you should have taken them to task on this if you were aware that it was bogus. You are stuck.
ROAD TO RUIN: Mortgage Fraud Scandal Brewing
So Who Benefits From Protracted Foreclosures? Servicers!
One of the many themes being used to cultivate class warfare in foreclosure-land is the idea that people who are losing their homes are getting an unfair break. Many of them have learned that banks are moving very slowly on foreclosures and so they stay put until the sheriff evicts them. One culprit is crowded [...]
The above mentioned are the basic requirements in order to qualify for a home loan. Secondly, I was interested to know how big a home loan I could get considering Mortgage Appraisal Fraud. As soon as I knew how much, I could start searching for a house.
Mortgage Appraisal Fraud
Any probs w/ Colorado State Business Group/CSBG/Core Realty? I’m sgl mom w/2 kids!! I WANT 2 KEEP OUR HOME!
Please let me know if you have! I need similar stories! I’m in the middle of trying to get SOMEONE to look into the fact that Im a victim of fraud under a rent-to-own scheme by Colorado State Business Group aka CSBG aka Core Realty. There’s alot of web info about rise in mortgage & appraisal fraud & articles on how all these various politicians intend to do something about it, meanwhile, I cant get ANYone to look into my particular case. I “bought” a house from CSBG (Chris Stiebler, Andy Klein, owners) which I was to rent from them for 1 year, paying 1% of THEIR purchase price (claims paid 140k but I found out they paid 112k) which was $1400/mo. (I was to get 1/2 back for down pymnt- DIDN’T).At the end of the year I was to buy the house from CSBG for 15% above THEIR purchase price OR the appraised value, WHICHEVER WAS LESS. The appraiser THEY hired appraised at 165k. I found out @ refi later that appraisal was inflated & value @ the time was closer to 130K. I WAS SCREWED! HEEEEELLP!
Wow. That is so unfortunate. I would love to help you, but you say you want to keep your home. What is stopping you from keeping your home? I need more information. For future references, use your own appraiser or one that you both agree on…