hello,
I bought a house in the Detroit area 4 years ago and got roped into a silly option arm. well this last year my payment went up 4 times and i was screwed, i looked at refinancing my home to a fixed but the problem i owed more now then the home was worth. by like 30k i could not refinance with anyone. I was shocked and talked to a friend in the banking business, he looked at my loan documents and noticed they almost stated my income double then what it actually was. He then told me to file a complaint with the attorney generals office, the company did some research and found that they were in the wrong and agreed to refinance to a fixed rate and the diffrence of 35k they ate. I am much happier now, but is this a fluke? or has there been more people in this situation.
2007-05-21
12:04:12
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6 answers
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asked by
Anonymous