I brought a home in 2005.I was out of state and I hired a real estate company to represent me.Megan Wallace here in San Antonio and Keller Williams.I was ripped off.I told her I didnt want A broker.She swore she wasnt.Then I told her thar I only wanted to pay xxx amount of dollars.She and Stewart titlle company minupulated the paper work as to where I paid 3000 more.Then the lawyer that did the paperwork brought the 2nd loan...... then I didnt get a fixed rate as I had requested and i am now paying 20% on the 2nd loan Now I cant sell it fot 2 years or I have to pay a 10000.00 penalty.And on top of all that I have a balloon payment of 15000.00 at the end of 5 years and the original loan was only 15000.00.What can I do.I hate Stewart title for not explaining it I hate Megan Wallace for doing this to me.Please can someone help me.I need a way out of this.And please dont say Its my fault.IAm to blame for trusting someone to do their job and I had no idea that this would happen
2007-03-23 05:31:07 · 8 answers · asked by Angelbaby 2 in Business & Finance ➔ Renting & Real Estate
I brought the house for 78000.00 and I owe 83000.00 2 years ago.Plus I had to pay for the previous owners back taxes and I still owe for 2006 which are 2000.00
2007-03-23 06:16:12 · update #1
ok first off - haven't you had enough people trying to help you and somehow get a paychek out of your ***?
I personally would contact your local real estate board. Tell them all of this and ask them Who can you talk to to about getting someones license revoked for screwing you and taking advantage of your lack of knowledge. You got screwed and so should they.
Next call the local better buisness bureau and report the whol crew you just listed for theft and or unfair buisness practices.
Next contact your local police dept. - ok here's why on this one - make a report out that you believe these peolpe stole this money from you - they lied to you and misrepresented what you were signing - THEY CONNED YOU!!
From there get in touch with your cities prosecuting attorney and do the same thing there.
From there get in touch with your state attorney generals office - same thing there.
Next - cocntact your secratary of states office - they are the ones that issue a lisence to sell anything in your state and report all of them there.
And for the best - call all of your local news outlets - TV paper -radio etc. andscream from the friggin roof tops !! Some one is going to take you serious and looking in to this for you and help you - all you have to d ois find that person.
Next I would contact any attorney you know and trust and ask them to refer you to the correct individual to review your contract in order for you to bring a civil suit against these slime balls.
I had to go through this once but let me tell you this - as soon as all of these people came down on tem - they ran to my door and asked what they could do to fix the situation for me - honestly I told them it was tolate and I watched all of their lives and jobs get flushe down the toitlet. For me I would ratehr have the venence tan the cash but only you can make that choice - Oh my attorney told me I was nut's but hey I made the choice right?
Good Luck Kiddo
2007-03-23 06:43:09 · answer #1 · answered by Xerxes 2 · 0⤊ 2⤋
Well, it is your fault. You are entitled to a HUD settlement document that spells out exactly what you are getting, and you can get that document 24 hours prior to closing. That is federal law. You might have to ask for it, but it was available for you. If you didn't read it that is not your agents fault. Your real estate agent had nothing to do with your financing. That was between you and your lender. Again, if you didn't read the small print or ask questions, that is your fault. Some lenders do try and stick you will unfavorable loans--that is why a consumer has to be aware of what they are doing.
2007-03-23 17:51:18 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Well, you can try bringing lawsuits agst. everyone.......sounds like you might have been a victim of predatory & subprime lending and/or possible fraud.
But I would try and find out the following:
1. Is the loan product you have the best that you could have obtained based on your borrower credit risk/history at the time? If no, then they oversold a product to you to make money. If yes, then probably no legal wrongdoing with the exception that you are victim of subprime lending.
2. Was full disclosure of material terms in the mortgage note made to you as required by the relevant mortgage lending acts e.g. RESPA. You probably signed disclosure forms to this effect so this would be a tough one to show....but double check all your records.
Negative answers to # 1 and 2 probably show that you may have legal redress.....in which case, get a lawyer.....
2007-03-23 14:08:59 · answer #3 · answered by boston857 5 · 1⤊ 1⤋
You could speak to a real estate lawyer, or a lawyer who specializes in contracts and show them what you signed. Maybe they breached and you can sue them.
I wish you lots of luck and I hope that you can sue them because there are too many dirty real estate agents out there. I'm selling my home privately this spring. It's not that I think I'll sell it for more, or because I want to do the work, but agents just can't be trusted.
2007-03-23 12:57:52 · answer #4 · answered by dog spoiler 1 · 0⤊ 1⤋
Your "story" makes absolutely no sense.
Are you able to read? If so, did you read what was placed in front of you to sign?
If it wasn't what you originally agreed to or not in your best interests, why did you sign? Did they hold a gun to your head?
Its very simple. If the loan documents presented to you at closing are not what you agreed to or or not what was disclosed to you in your loan commitment, you say "This is not what I agreed to. I am not signing."
Stewart Title and Ms. Wallace are not in charge of making your financial decisions for you. You are. It's neither their fault nor their problem that you don't know what you are doing.
"IAm to blame for trusting someone to do their job"
YOU are the one who did not do their job. It is YOUR job to look out for your own best interests and to know what you are doing BEFORE you do it. It is YOUR job to read documents BEFORE you sign.
2007-03-23 14:15:52 · answer #5 · answered by BoomChikkaBoom 6 · 1⤊ 0⤋
I would consult with a real estate attorney.
2007-03-23 13:07:10 · answer #6 · answered by themligroup_com 2 · 0⤊ 0⤋
Why would you sign documents if your unsure what you were getting into??
2007-03-24 00:46:33 · answer #7 · answered by CEESONE 4 · 0⤊ 0⤋
call your local HUD...............
2007-03-23 21:21:11 · answer #8 · answered by ron d 3 · 0⤊ 0⤋