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Suspicious Loan Modification

An FHA loan modification was granted to one of the tenants in common in my home. There are 3 co-owner’s. This was done without my knowledge (I am the other 2nd co-owner). The other tenant in common died in 2015 and this loan was approved 2017 with “deceased” listed on the note and all documents. I don’t think that the death of the 3rd co-tenant was known by lender at time of transaction. I am also leery of the documentation and notary statements. I am initiating sale of property and need 2014 activity/lien removed from obligation of heirs. How did they get the FHA loan modification without the the other owner signing or knowing about it? by Bradey1992_swings887 from Las Vegas, Nevada. 22 days ago Reply


Nathan Kessler (nathan.kessler@guaranteedrate.com)
#44 ranked lender in Nevada - 71 contributions

That is a sticky situation that would need to be looked into further. I would contact title and the county to see what documents were signed, and everyone (notary, title, etc....) involved in that facilitation. Hope this helps.

22 days ago
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William J Acres (William_Acres)
#1 ranked lender in Arizona - 8,369 contributions

Loan fraud comes in all shapes and sizes.. For any modification, refinance, or additional liens, you would need to sign something authorizing it. If you didn't sign anything, then either the loan modification was not actually done, or if it was done, it was done illegally.. First, I would check to see that you are still listed as one of the owners on the county records. 2nd, I would search recorded doc's to find the "modified loan" recorded deed of trust. This document will show all the signatures of those who signed.. If you see your signature and it's not really your signature, then that's obviously a problem.. Also, on the same document, you can see who the title company was that facilitated the closing. You can contact the title company and inform them that you never authorized this loan mod and that your signature was forged.. That right there should get the attention of the right people.. Inevitably, if the loan mod was done without your approval and your approval was necessary but fraudulently obtained, then the title company that closed the loan would have an obligation to pay.. All conforming financed loan's require title insurance for this very reason.. If all this seems to be too far above your head, then try contacting a local real estate attorney.. they can get to the bottom of this right away.. I'm a preferred Lender with California and Arizona being my primary markets. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com NMLS# 226347 / LendUS, NMLS 1938/ AZMB0121893

22 days ago
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