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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Hi All –

 

I work with a Seattle-based law firm that is investigating Washington Mutual and First American Corporation based on complaints the companies have conspired to artificially inflate housing appraisals.

 

As I am sure you are all well aware the appraisal of a home is important when determining the loan you will receive, including monthly payments, APR and more. If these prices were artificially inflated to benefit WaMu and First American it could mean you have overpaid for your home and subsequently have an inflated mortgage.

 

This could also cause problems if you ever fall behind on your loan---another lender isn’t going to accept the inflated value of your home--meaning you can’t refinance.

 

If you have a home loan from Washington Mutual you can learn more about this investigation by visiting http://www.hbsslaw.com/wm.htm. 

 

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