secured credit


[ Follow Ups ] [ Post Followup ] [ View All Postings ] [ FAQ ] [ BayHouse Main Page ]

Posted by Henry Edwards on December 29, 1997 at 22:30:48:

Is it legal for a home mortgage company to demand
to put in my own writing a statement that was faxed from their office that the loan was not in my best interest and if I and my cosigner fail to keep up with the payments, they will forclose my property that is on the trust deed that secured the promissory note. If I didn't provide the statement in my own writing and my signature, they
will not fund the loan. Isn't this illegal??
Is this fraud or distress.


Follow Ups:



Post a Followup

Name:
E-Mail:

Subject:

Comments:

Optional Link URL:
Link Title:
Optional Image URL:


[ Follow Ups ] [ Post Followup ] [ View All Postings ] [ FAQ ] [ BayHouse Main Page ]