I was at the doctor’s yesterday trying to figure out why my right foot has me impersonating Chester. The medical assistant that took all of my vitals was pleasant, so I asked her if she was ready to buy a new home.
No, she replied, but my mother is selling hers. My mother, she continued, is in a tough spot and needs to dump her house and get out of the mortgage before it reARMs at $800 a month more – due in January.
I asked her who they were working with and she advised – the same Realtor and mortgage broker that helped her mother buy the house. She went on to say, that the main problem was “stated income.” Seems that when mom bought the house she was making $40K a year, but the mortgage broker had her put down stated income of $100K.
Now I’m no genius, but that sounds a little illegal, almost like loan fraud – if you get my drift.
The medical assistant went on to say that the mortgage broker was the real estate agent’s boy friend. Well, isn’t that cozy.
I was in disbelief, that the homeowner is using the same agent and boy friend to deal with her current situation since they helped create the mess she is in.
Later, I was reflecting on the homeowner’s lack of integrity in the first place. Why did she allow them to state her income at more than double what it actually was?
It’s interesting to note the daughter’s tone of voice when describing her mother’s attitude. It sounds like the mother is a bit angry with the agent and mortgage broker, but there she is continuing the relationship.
So, while I’m limping around Dodge, it seems to me that Marshall Dillon still has work to do.