Bad Faith Mortgages in Missouri
The mortgage attorneys at The Hershewe Law Firm, P.C. offer clients a careful review process that works to avoid the risk of a bad faith mortgages in Missouri. If you are considering buying a home or refinancing your current home, you’ll be wise to compare loan offers from several banks or lenders. Unsure about your financial status? Confused by a barrage of meaningless terms and lectures?
Let our experienced staff examine your needs and review your options. We’ll work closely and carefully with you to side step a variety of bad faith mortgage fraud scams like these:
- Bait and switch schemes: The borrower receives an enticing offer early-on but later, once the papers are signed, the terms of the deal change.
- Loan flipping: A broker, bank, or loan officer encourages a homeowner to refinance unnecessarily simply to collect the associated fees and commission.
- Loan packing: The lender suggests unnecessary fees or adds high closing costs to your loan.
- Loan modification: Watch out for rip-offs that require homeowners to pay upfront fees for renegotiation of their loans.
- Equity stripping: Lenders repeatedly push homeowners to take cash out of their homes until most of the equity is stripped away
Sometimes lenders will use a low-ball Good Faith Estimate of settlement costs to ensure that you use their services instead of those of another lender. This isn’t good faith. It’s bad faith. Another questionable practice is the addition of junk fees into the final settlement statement. Be sure and compare your original Good Faith Estimate with your final statement and if you aren’t comfortable with what you see, don’t be afraid to leave the closing table. It’s your money and your future. Do you have questions about mortgage renegotiation, bad faith mortgages, foreclosure relief, or refinancing? If you need a bad faith mortgage attorney in Missouri, contact the litigators at The Hershewe Law Firm, P.C. for a free consultation.
