David
Orlando,#2General Comment
Mon, January 21, 2013
Don't point out the speck in someone else's eye when you have a huge log in your own eye! (Quote from the Bible.) Don't make fun of someone else's spelling error when you are not perfect and I am sure there are several English words that you don't know how to spell either!
David
Orlando,#3Consumer Comment
Mon, January 21, 2013
When some one gives you money back from something you've already bought and paid off completely but they don't want to take the item from you that they are paying for, this should raise a red flag immediately and sound too good to be true!
When someone offers to pay you money for your house, car or anything else of value, which in a lot of cases, they say you never have to pay back, you are doing a disservice to your kids or other next of kin. Because if you die, it becomes their problem.
If the house was worth $100,000 and the reverse mortgage company paid you 50,000 dollars over a period of 15 years, now your kids inherit a house worth $50,000 minus a minimum of 10,000 dollars interest. It will probably be a lot more interest than that.
Now they only get $40,000 off the house! They will have to use that full amount to pay the mortgage and still have to pull the rest out of their own pocket to make up for the interest! Now that left them with nothing! In fact that leaves them negative In their bank.
the only alternative they would have here is to turn the house over to the bank and probably lose the $40,000 that was leftover.
Even if they got an Attorney involved in this, they would still lose, because if they won the case, the Lawyer would take 30 or 40% of whatever they won.
If it is a reverse mortgage that you have to pay back, they can and will,LEGALLY, charge you a ton of interest.
Scammers will often find people in desperate situations, loan them money and charge as much interest as they want and if the victim wants the loan badly enough, they will be willing to pay between 40 and 250% interest!
Diogenes
Averill Park,#4Consumer Comment
Fri, November 18, 2011
What on Earth is an " apraizel " ????????? Is English your primary language ? Geeeezzzzzzz. Cretins.
Auto Finance mgnr''s ex. wife
Shirley,,#5General Comment
Fri, November 18, 2011
Mortgage fraud is pervasive in Suffolk County, N.Y. Knowing what I know about what the county itself is allowing to go on. My advice to the consumer.Do not take out any kind of mortgage in Suffolk County. I mean never. The county itself has a party hidden behind closed doors. This person is a crook the worst type. With the OK by Suffolk County insiders.Your mortgage is being funded two or three times when you close. Known as the gap period.Different banks are funding the same loan before one knows what the other is doing.The extra money goes into their dirty crusty pockets.
THESE ARE OUR LAW MAKERS.