lauren o asked:


I was promised a morgage that I still haven’t got. It has been 1 month and I was told for the past week the papers will be here today, then the broker has lost some paper work, and keeps asking for it, again…. Everyday for the past 5 days i’m told the papers will be in tomorrow… I want to switch to a bank. What can I do? The broker told me he would sue me…. Who can work with someone who is constsntly lieing to you?

BRYON

4 Responses to “How can I get out of a florida morgage broker fee agreement?”

1. Bandit on January 1st, 2010 12:44 am

   The broker has not lived up to his part of the agreement. Simply tell him that you are using a bank and since he mentioned lawsuit, you have deided to contact the licensing board and an attorney to find out why an incompetent such as himself can operate in Florida.

2. financing_loans on January 1st, 2010 12:42 pm

   I would go with, I need to see my GFE (good faith estament) and I want to see the TIL (Truth in Lending), by law I have to sign that in 3 days, or sent to me. Ask for proof that it was sent.

   Secondly, I dont know how he can sue you. I dont get the issue just have somebody else close it. What did you sign that this broker thinks they have exclusive rights.

   Trust me you start throwing up stuff like TIL, and GFE and the truth in lending act and you want all documentation that they were in compliance. This lender will be gone, they clearly dont know what they are doing.

   Did you send me the hud handbook? Thats just federal, check your state law. Dont worry about this bullshit broker suing you, he/she should worry about you suing him/her.

3. DannoREA on January 3rd, 2010 5:26 am

   Ask what he would be suing you for specifically. It sounds like you held up your end of any contract you might have had. He on the other hand, missed deadlines and lost critical documents. Walk away and let the broker keep any money you’ve already paid. Have your appraisal printed out for you. You might want to stop by their office to get it.

   My guess is that he hasn’t locked in your rate because he’s betting on the 10 year treasury yield to drop since the Fed announced another 50 basis point drop in the overnight lending rate, and he wants to capitalize on the better pricing for his benefit. Dump him!

4. Charlie-Camp on January 5th, 2010 9:32 am

   If the broker has not kept his word to you, then he is in breach of any contract you may have had with him.

   Here is a link to the Florida Office of Financial Regulation. On the right hand side of the main page is a link where you can check to see if he’s actually licensed. A litle farther down the main page is the link you follow to file a complaint.

   If you need a new set of Florida mortgage disclosure documents, you can get them here:

   Hope that helps,
   Charlie Camp
   Atlantic Mortgage

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