hello all,
I have a home, and mortgage at great prices. It was found that gypsum “Chinese.
My husband is very good in repairing things, everything is pretty much at home
.
Will want to know if it is replaced with plaster, the house is safe for us to live?
Also, if anyone has any information about “Chinese gypsum”, and I would be really interested to know
Thanks
advance
The aim of these loans to be short-term, and payment of high interest only, fixed capital, with a balloon payment in five years with the terms of grooved content Lawyer effort to “get us through the sale of our property, but in fact, exclusively by him to push himself to his drawing leagal exhorbanent not our understanding, confidence and set the same values sucsessor living will, without prior discussion.
Get another lawyer who specializes in real estate law and have him/her check out the situation. Something isn’t sounding right about this.
Call the state bar and ask about him to see how many complaints were against him. Also ask to talk to the ethic department or commission of your state bar (phone number is on the web site and on the phone book) if they can direct you to somebody who would look into this. Do it very fast and without telling your attorney.
You’re running into a ton of issues here…
First of all, the attorney is going to have to be able to docuement ALL of the fees incured for providing you services. He is in no way obliged to any fees for providing the “loan” for you unless he is also a licensed loan broker. The fees for securing the loan are not to exceed 5.99% of the total loan amount. These fees are stated as Non-recurring closing costs and are all the fees listed on the HUD-1 closing statement minus the title insurance fee and any state incurred fees. Basically the top 8 lines on the HUD-1 plus the escrow fee.
It is VERY common for loans to be sold. In this case the attorney realizes he is not a lending institution and with good intelligence has reverted the loan (Probobly sold it at a premium, illegally since he’s probobly not a licensed mortgage broker) and made yet another profit.
There is also an issue in him appointing himself as the trustee to the note. As stated in RESPA a trustee to a secured note is to be a “Mutual third party with no interest in the loan transaction”.
I imagine the entity that bought the loans is a “loan to own” type entity and hoping that you will defualt on your mortgage. So, if I was you I would be very wary of missing any payements whatsoever to your mortgage. If you have to make a choice between paying your mortgage or car notes, pay the mortgage.
A real-estate attorney will gladly look over the transaction and ensure that everything was done not only legally but ethically as well without charging you an upfront fee. If he finds there is misconduct, he will take on the case without any upfront fees if he is worth his weight.
Good luck, and next time you need some cash shoot me an Email. I’ve been doing private money loans for a few years now both ethically and legally.