Mortgage Fraud
Hello - my wife and I recently purchased a home. At the time of closing we signed a HUD-1 closing statement. After being ripped off at the closing table my wife and I requested a copy of the HUD file that the lender has on file. After one week our file still had not been sent from the title company to the mortgage company and the mortgage comapany told us that they were a little worried. After another week went by we called the mortgage company back and they faxed us two HUD-1's. One was the HUD that we read and understood at closing and signed. The other is a revised HUD-1 that we never saw with four big changes and a change in the final numbers. Of course we never saw this HUD at closing and never signed it but the checks and mortgage transaction were done based on the revised HUD 1 that we never saw or signed. In addition on our HUD the home owner's insurance is escrowed and the insurance company was to receive roughly $1400 at closing. We got a call a few days ago from our home owners insurance company stating that our account was in default. Not only did the insurance company only receive $1000 at closing but the $121 per month that is included in our monthly mortgage note has not been going to the home insurance company as disclosed at closing. We know have to pay an additional $150 per month on top of our mortgage note to cover our home. Does this sound like faul play to you?
Yes, there is a problem with the whole situation. If I was you I would run not walk to a good real estate lawyer and show him all the papers. Something sure is not right sounds like a bait and switch to me which could lead to a serious lawsuit against who ever wrote up the docs. I would like to know who it was could you pm me with the info.