Mike
New York,#2Consumer Comment
Mon, February 09, 2009
"Mortgage Broker informed at signing not to worry about anything that we would be refinanced in 12-18 months. Completely untrue. Your ability to refinance is completely up to the lender not the broker." So... you are upset with the lender or mortgage broker here? Sounds like the mortgage broker screwed you. We have all heard how lenders have tightened requirements lately, this shouldnt be a big surprise. Also, keep in mind, in many cases, ASC/WF was NOT your lender... what exactly are you going to go after them for? Who was your lender? (This is not the same as your servicer) Who was your mortgage broker? (99.9999% this was not WF or ASC) If you want to file a Class action against ASC because you felt they gave you the "run around" on the phone or didnt give you good enough answers, that probably wont go very far.... but good luck.