Borrower Nightmares: Disabled home owner alleges broker, bank offered her mortgage she could not pay for

Borrower Nightmares: Disabled home owner alleges broker, bank offered her mortgage she could not pay for

Margaret Mosunic right in front of her Queens house. Ben Hallman

Introduction

Margaret Mosunic is 63 and a devout Christian, but if she ever encounters her building specialist once more, she’s got a particular, violent course of action.

“I would like to choke their small Irish neck, ” she stated in a current meeting in her own house greater than 40 years in Queens, ny.

Are you aware that large financial company who recommended the specialist? “He is a devil into the disguise of a person, ” she said.

On Jan. 9, 2008, Thomas Delaney, an agent in the home Consultants, Inc., drove Mosunic up to a legislation workplace to shut just what she thought had been a $40,000 financial loan, based on a lawsuit filed by Mosunic in Queens County court. She planned to utilize the cash to pay for right right back fees and then make repairs up to a downstairs leasing apartment, she stated.

But that wasn’t the mortgage that the broker had asked the financial institution, Emigrant Mortgage Co. Continue reading “Borrower Nightmares: Disabled home owner alleges broker, bank offered her mortgage she could not pay for”