Borrower Nightmares: Disabled home owner alleges broker, bank offered her mortgage she couldn’t manage

Borrower Nightmares: Disabled home owner alleges broker, bank offered her mortgage she couldn’t manage

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

Introduction

Margaret Mosunic is 63 and a devout Christian, but she has a specific, violent plan of action if she ever encounters her building contractor again.

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

Are you aware that large financial company whom suggested 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 exactly what she thought had been a $40,000 financial loan, in accordance with a lawsuit filed by Mosunic in Queens County court. She planned to utilize the income to pay for right right back fees and also make repairs up to a downstairs apartment that is rental she stated.

But which wasn’t the mortgage that the broker had expected the lending company, Emigrant Mortgage Co. Of brand new York to accept, Mosunic’s lawsuit alleges.

Methodology for property property foreclosure cases

To achieve understanding of other Emigrant Bank property property property foreclosure cases, iWatch Information took an easy random test of 54 for the 401 active instances listed in ny in mid-August. Information on each one of the 54 instances had been entered in to a spreadsheet for descriptive analysis. We utilized a self-confidence standard of 95 per cent with a margin of mistake of 6 portion points in a choice of way, standard in social science research. Continue reading “Borrower Nightmares: Disabled home owner alleges broker, bank offered her mortgage she couldn’t manage”