HUD ripoff, took my earnest money with a fraudulent contract, would not return it to me Houston Texas

The realtor said: "the only quarrel [Steve] should have was with his employer who did not cooperate in verifying his claims."

The employer was not a party to the purchase of the home. How did the employer become obligated to provide any documents to anyone? If this transaction was dependent on the employer's cooperation, why would either party open escrow without having the documentation from the employer, which at least one party now deems to be a deal-breaker? How is it that Steve gets penalized because a non-party does not perform to the satisfaction of the lender?

I am the REALTOR that represented Steve in this transaction which was terminated due to his inability to prove his income. The claims he has made in this online report are not only falsehoods, but hurtful, as both the lender and I worked hard to make home ownership a possibility for him, and while I represented him, I considered him a friend.

His claims that the contract and extension were fraudulent and not signed nor authorized by him are not true. Steve submitted the earnest money of $1000 and the contract himself, and both, obviously, were signed by him. How else could he claim the earnest money or his intention to purchase the house?

The extension was filed and authorized by him because he needed additional time to prove his income to the lender, which eventually, he was unable to do. Additionally, if the extension were not filed, he would have lost his earnest money anyway because he was nearing the closing date deadline and still had not proven his income to the lender in order to fund the transaction. His claim that he lost his earnest money because of the extension is erroneous.

As the lender as already stated in her rebuttal, HUD did complete a local interview with all parties, and concluded Steve's claims merited no further investigation.

If Steve was telling the truth to the lender about his income, the only quarrel he should have was with his employer who did not cooperate in verifying his claims. The fact that he chose this online media source to slander the people that were on his side is again, disheartening and hurtful.

Where have I heard that pre-approved "SUBJECT TO VERIFACTION" before. Just about everyplace.

The client who filed this claim is right with the initial pre-qualification process led us to the figure of $100,000 home loan. However, this is based on verbal information that the client provided to me over the phone (he was in El Paso at the time, I am in San Antonio).

Once he loan was processed fully. The buyer's loan was approved subject to the burden of proof laying in his hands to show us his paystubs to confirm the pay that he told me he was getting with his new job locally, which he could not do. Nor, could his boss confirm the pay of which Steve told me he was going to make.

This is why it is so very crucial for clients to be completely aware of their new rate of pay when transferring with their company to a new job or location. Be sure and get everything in writing from your employer before making a commitment, so you don't commit yourself to something and end up disappointed in the end.

HUD did have multiple conversations with myself and the realtor and filed a formal investigation at the local level (which we provided documentation from the file). This resulted in the borrower losing their ernest money.

The client who filed this claim is right with the initial pre-qualification process led us to the figure of $100,000 home loan. However, this is based on verbal information that the client provided to me over the phone (he was in El Paso at the time, I am in San Antonio).

Once he loan was processed fully. The buyer's loan was approved subject to the burden of proof laying in his hands to show us his paystubs to confirm the pay that he told me he was getting with his new job locally, which he could not do. Nor, could his boss confirm the pay of which Steve told me he was going to make.

This is why it is so very crucial for clients to be completely aware of their new rate of pay when transferring with their company to a new job or location. Be sure and get everything in writing from your employer before making a commitment, so you don't commit yourself to something and end up disappointed in the end.

HUD did have multiple conversations with myself and the realtor and filed a formal investigation at the local level (which we provided documentation from the file). This resulted in the borrower losing their ernest money.