U.S. Bank National Association is engaged in abusive lending practices on our home mortgage. They are doing business with a predatory lender in which the lender failed to adequately disclose important information to us both times during the process of refinancing. To name a few, there are violations regarding our TIL statement which is understated.
There are RESPA, HOEPA, GRMA, GFLA violations, and they have clearly constituted unfair and deceptive practices. The lender misled us on the current loan, and, being the honest normal consumer thinking we were going to get what we were told, we went back to them to do another refinance and they definately defrauded us by not funding the 2nd refinance leaving us so far behind on our payments, we could not catch it up. 3 different times, we begged them to do a loan modification, and each time they said, "Sorry, we cant come to terms with a loan modification. They tried to foreclose in Nov. 07, but we got it put on hold.
The GA. Dept. of Banking and Finance did some investigating. We actually closed a loan with them in Jan. 07. They did not fund the loan. They said it was because that we were in such a hurry that they did not get the final approval and sign off on the loan. Arent you supposed to get everything finalized before a closing? When we signed papers, we thought this was the final closing.
It was done just like the first refinance. We were in such a hurry because a payment was due to the mortgage company and they told us to default on the current loan. They said it was covered in the payoff of the refinance and that they had called and got the final payoff. Not to worry, they said. I called them back 3 times to make sure everything was going to go through as planned as I did not want this to mess up our credit. They lied to us, they threatened us because at first, we did tell them no, and they have tried to bribe us with $2500 dollars to drop the complaints. See, this is not your normal ARM that adjusted and the payments went up. We were not in trouble with the mortgage until the 2nd refinance. There is a lot of equity in our home compared to the amount of the mortgage. The FBI told me that it was a substantial amount and that it showed fraud.
Now, get this, they are setting us up for another foreclosure on Aug. 5, 2008. This is the biggest bunch of crap I have ever been mixed up in in my life. It is clear that they are trying to steal this house so that the bank and the lender and the investors can reap the big payoffs in the end. They have caused myself and my family substantial monetary harm and major humiliation not to mention all the mental stress from this mess. We would like to hear any comments on this and mabe someone could share some helpful information about this situation.