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Old 09-04-2008, 08:54 PM
 
Location: Charlotte, North Carolina
5,137 posts, read 15,110,258 times
Reputation: 1008

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I would find yourself another broker....

He's doing fraud, and God knows what else he's doing with your loan.

If he pushed it to go through with fraudelent information, then you will be in the bind also if you signed that loan application.

WALK AWAY!!!!
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Old 09-05-2008, 01:01 AM
 
Location: Tampa,FL
54 posts, read 238,896 times
Reputation: 18
I agree with all of the other posts. Dont walk away, RUN!! That is the shadiest thing i have heard of. No way should a broekr ask you to do that, only for fraud. Find a new broker and enjoy your purchase.
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Old 09-05-2008, 09:14 AM
 
Location: Fort Myers, FL
1,286 posts, read 2,597,370 times
Reputation: 249
I would find out what he is looking to get reimbursed for. If its something small like a credit report and he didn't add it. Then cut him a check for $20. He probably paid for it out of his pocket. But I would confirm everything with your copy of the HUD from closing. After all it was his responsibility to put it on the HUD. But if he is asking for more money, you may need to report him to proper authorities.
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Old 09-05-2008, 09:15 AM
 
Location: Charlotte, North Carolina
5,137 posts, read 15,110,258 times
Reputation: 1008
That's fraud. You're not allowed to receive any cash outside of closing regardless of what's it for.

It needs to be included on the HUD, and the Truth in lending statement for the APR.

Quote:
Originally Posted by brokerdave View Post
I would find out what he is looking to get reimbursed for. If its something small like a credit report and he didn't add it. Then cut him a check for $20. He probably paid for it out of his pocket. But I would confirm everything with your copy of the HUD from closing. After all it was his responsibility to put it on the HUD. But if he is asking for more money, you may need to report him to proper authorities.
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Old 09-05-2008, 01:56 PM
 
Location: Dallas
434 posts, read 1,298,647 times
Reputation: 92
is there a governing body/authority that the OP can report this to?
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Old 09-05-2008, 02:23 PM
 
Location: Charlotte, North Carolina
5,137 posts, read 15,110,258 times
Reputation: 1008
their state commissioner's of banks
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Old 09-05-2008, 03:40 PM
 
Location: Looking East and hoping!
28,227 posts, read 19,231,513 times
Reputation: 2000000848
This so smells bad!!!!!!!!!!!!
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Old 09-05-2008, 04:02 PM
 
Location: Fort Myers, FL
1,286 posts, read 2,597,370 times
Reputation: 249
Quote:
Originally Posted by renriq02 View Post
That's fraud. You're not allowed to receive any cash outside of closing regardless of what's it for.

It needs to be included on the HUD, and the Truth in lending statement for the APR.
yes i know. all i was saying if its someone they know personally. had it been me or anyone i know. we would have never said a thing. its def shady.
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Old 09-05-2008, 04:15 PM
 
Location: Charlotte, North Carolina
5,137 posts, read 15,110,258 times
Reputation: 1008
I guess doing fraud with friends makes it better.


Quote:
Originally Posted by brokerdave View Post
yes i know. all i was saying if its someone they know personally. had it been me or anyone i know. we would have never said a thing. its def shady.
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Old 09-05-2008, 07:04 PM
 
Location: Somewhere out there...
3,653 posts, read 7,277,191 times
Reputation: 3677
Quote:
Originally Posted by fsweetland View Post
Can anyone give me some insight. My loan broker wants me to cut him a personal check from cash that I am getting back at close for " fee's he forgot to include". Apparently this has happened in the past with other clients. I taught it was all good until I started thinking about it. Please if anyone has any idea if this sounds right??
No, do not pay him, they do NOT forget to add there fee's. This is their income and they know what they are doing. He just trying get more money from an unsuspecting person. He is a greedy.
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