Mortgage Servicing Fraud
occurs post loan origination when mortgage servicers use false statements and book-keeping entries, fabricated assignments, forged signatures and utter counterfeit intangible Notes to take a homeowner's property and equity.
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WTF
A freind of mine says that he was given a mortgage by a mortgage company where there was a seperate loan for the interest. The bank paid the mortgage co. a check for the full amount of the total interest for the term of the loan. The mortgage company foreclosed and now they are coming after him for the note that was interest. Anyone heard of a 'split' mortgage like this? Thanks.
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Stephen

Hell, that's the way most mortgages work anyway!

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Check your state's Usury Law to see if you have a cause of action.





WTF wrote:
A freind of mine says that he was given a mortgage by a mortgage company where there was a seperate loan for the interest. The bank paid the mortgage co. a check for the full amount of the total interest for the term of the loan. The mortgage company foreclosed and now they are coming after him for the note that was interest. Anyone heard of a 'split' mortgage like this? Thanks.
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