Complaint Review: Arturo De Los Santos

Arturo De Los Santos is a victim of foreclosure, unfortunately he forgot to tell the public that he repeatedly cashed out the equity from his since, ever since he originally purchased it. From PUBLIC record his history is below, herre is a synopsis of his repeated cash out:

Purchase 10/08/2002, VA Loan 100% Financing $209,100. 11/10/2003 Loan $27,350 second loan cash out. 05/28/2004 $258,000 Cash Out. 12/03/2004 $35,000 took 2nd loan Cash Out. 07/13/2006 took $106,000 Cash out Second, wrapped in the existing Second. 03/10/2010 Refinance $264,100 with Chase.

So lets be clear here, because this is the story you NEVER get from these Grand Theft, Loan Fraud committing theives:  Arturo De Los Santos cashed out well over $150,000 CASH MONEY, in pocket, and did it all the while living in the home, his first cash out only 5 months after purchasing the home with no monday down.  He cashed out over $150,000 - A HUGE savings, and obviously lost all of the money. But now it is the Banks fault for not allowing him to live payment free, after raping the equity from the home.  If a professional licensed person did this it would be loan fraud, conspiracy to commit a fraud, bank fraud, wire fraud, and a host of other collateral charges.

Mortgage History
Mortgage Date
03/10/2010
07/13/2006
12/03/2004
05/28/2004
11/10/2003

Mortgage Amount
$264,100
$102,000
$35,000
$258,000
$27,350

Mortgage Lender
Jp Morgan Chase Bk
Wells Fargo Bk Na
Wells Fargo Bk
New Century Mtg Corp
Pacific Shore Fndg

Mortgage Code
Conventional
Conventional
Conventional
Conventional
Conventional

Mortgage Date
11/15/2002
03/27/2002
04/15/1992
04/15/1992

Mortgage Amount
$209,100
$61,600
$60,000
$10,026

Mortgage Lender
Taylor Bean & Whitaker Mtg
Provident Svgs Bk Fsb
Provident Svgs Bk
 
Mortgage Code
Va
Conventional
Conventional
Private Party Lender