- Report: #579274
Complaint Review: First Mount Vernon Industrial Loan Association - Alexandra Virginia
Reported By:
SD -
Washington, District of Columbia, United States of America
Submitted:
Updated:
-
Author Not Confirmed
Why?
First Mount Vernon Industrial Loan Association
6019 Tower Court, Alexandra, 22304 Virginia, United States of America
Phone:
703-823-6800
Web:
www.fmv1.com
Categories:
Business Rating:
(0)
Tell us has your experience with this business or person been good?
First Mount Vernon Industrial Loan Association Mortgage Loan with 24% interest rate and almost 50% closing costs, homeowners did not agree to that mortgage and so company forged their signatures. Alexandra, Virginia
In shopping around to refinance I came upon First Mount Vernon, a company that promised that they would be able to refinance my home and provide me with some cash in hand to pay bills in as little as a day or at most a week. However, the process took months and First Mount Vernon literally waited until the same week that my bills were do to tell me that the only loan that they could provide was one with an interest rate of 18-24%, with closing costs of $47,000.00 on a loan amount of $142,500.00. However, I did not agree to these terms and did not sign any papers.
So First Mount Vernon had its agent sign papers for me and proceeded to put the mortgage lien on my title (forged my signature). Moreover, what was originally meant to be a mortgage became a transaction whereby First Mount Vernon claimed that my fiancee sold the property to it for the mere sum of $10.00 by way of me selling the property to my fiancee. I never sold the property to my fiancee. Even further, on its HUD-1 First Mount Vernon displays that I took a second mortgage of $125,830.00 plus dollars. However, now it seeks to obtain a first-priority lien on my property and never paid me that money.
