Comments on: Illegal Mortgage Closing & Settlement Fees

By: Antoinette Iannacco

Antoinette Iannacco — Tue, 06 Oct 2009 02:36:12 +0000

Actually it was $2,000 dollars,the appraiser was fined. The house is sold now, but I know this is not the end of the story yet!!! There is still more to come. I have all the documents,so if anyone wants them to get answers for their clients. If Hawthorne tried to scam them too,just e-mail me. Maybe I can help others,because we did not want to continue,and lose more money. We wanted to have a little something after the house was sold.Hawthorne moved around a lot and changed their name too. I have followed their trail for more than four years now.I don’t want what happened to us,happen to anyone else.

By: Antoinette Iannacco

Antoinette Iannacco — Mon, 11 May 2009 21:47:25 +0000

Just something to add the appraiser was fined $2,00 for his part in putting the value on the house down $75,000 so Hawthorne Abstract Corp. could get the illegal mortgage for my in-laws. Lina Desimone & Ettore Iannacco of Brooklyn NY.The value of the house was closer to the $885,00 that was first given by another appraiser. The state appraiser found the $810,000 as stated by the appraiser Mr. Albert Perez to be to low. My in-laws also gave false addresses. Used these false addresses to give their lawyer power of attorney too. Why didn’t the lawyer ask for ID?

By: Antoinette Iannacco

Antoinette Iannacco — Tue, 24 Mar 2009 23:24:38 +0000

How about almost $28,000 for a closing on an illegal mortgage. My in-laws got a mortgage(as a refinancing instead of a buyout that it was suppose to be). No one will help me. We have a lawyer that finally got the house sold. But I would like to know how my in-laws got the loan without my husbands knowledge?(one of three owners)the agent Hawthorne Abstract Corp,now changed it’s name to Hawthorne Capital Corp (same office) for the title compamy did all the damage. The NYC banking said they could not help,they have no control over the company. Even the FBI won’t help.My husbands name was forged to get the loan then crossed out to record the mortgage. They even lied on the homeowner’s insurance,to get a cheaper policy. Who to contact? I just want to know how? and why $28,000 for a closing.

By: Janet

Janet — Thu, 14 Sep 2006 21:51:27 +0000

I just closed on a condo in the Seattle area and signed my closing documents a month ago. Escrow had advised me that they were going to refund me a check for my property tax that I had intially paid at closing. Instead of receiving a check for the full 7 months that I had paid upfront, I came to realize that I was given a check for 6 months. One month short of what I should have received. To make a long story short, I contacted the Escrow company and they had notified me that the appraisal fee at Countrywide had increased recently so they deducted the fee out of my refund check. Mind you, no one had the decency to contact me about this and I had to find out on my own. Can someone please tell me if this is illegal? Shouldn’t this amount be established prior to signing? This is another form of theft since I was not advised of this nor agreed to the charges.

By: peggy

peggy — Sun, 02 Apr 2006 18:52:00 +0000

What I like to know is why does this manager of this mobile home park get a finders fee of $2000 from me(buyer of a mobile home by owner)and a $2,500 fee from the seller? I was never told upfront and nothing in writing. He also told my husband he was going to a realtors school.He said it was customary and it was a low price.I believe he has a conflict of interest and illegal.Can help advise?

By: jim

jim — Sun, 19 Mar 2006 17:15:42 +0000

Jackie – The only tip I have is to shop around with other lenders and see what their good faith estimates are. A lot of those fees are negotiable (and dependent on where you are) and so you can always go back to your current lender and ask for them to lower it.

By: Jackie

Jackie — Sun, 19 Mar 2006 15:18:22 +0000

I am going to be closing on a condo in May and after reviewing all of the charges on my good faith estimate I am outraged. The first time I bought a condo I was charged 3K in closing costs. This time I am being charged almost 10K. The title comapny is trying to charge me $800 in attorney fees, $1,000 for title insurance, $500 for both underwriting and doc. review fees, and $2500 in city/state/and county tax (which half is to be paid by the seller, but is in my estimate to be paid by me). All of these charges are 75% higher than they should be. I guess because I am a woman they think I am not going to challenge this.

Where can I find a list of what I should be charged for attorney fees, title insurance, underwriting fees and doc. review fees?

By: jim

jim — Thu, 23 Feb 2006 23:16:32 +0000

Sasi,
I was going to fax my documents to Dave at Pacesettermortgage but he had something he had to take care of and asked that I wait on sending it. When I do I’ll post it on my blog.

You should have your closing documents (HUD) from your closing, that should list the fees you paid. Good luck,
jim

By: sasi

sasi — Thu, 23 Feb 2006 22:57:47 +0000

Jim,

I am reading your blog for some time. But first time Iam posting a reply.
i wonder did u try contacting the law firm and able to find any unlawful fees on ur closing docs?

Do you know where i can find the list of fees and their fee range for all mortgage closing (like title, credit enquiry, underwriting ..etc)?

I will look through my home purchase which i did in july 2004. if i find any is it possible to file the compliant now? (after 1.5 years)

Sasi.

By: FMF

FMF — Mon, 30 Jan 2006 21:42:04 +0000

Let us know how it turns out. Hope it’s not some ID theft scheme in disguise.

By: John Koontz

John Koontz — Mon, 30 Jan 2006 18:22:04 +0000

I was basically lied to when closing on my refinance a few years back. However, due to the rise in interest rates, the extra $3k in closing costs was small compared to the additional interest I would have to pay if I backed out of the loan. I never did anything about it but know it had to do with some of these empty fees. I wonder if there’s a similar ruling out here in CA.

By: David Porter

David Porter — Mon, 30 Jan 2006 15:10:02 +0000

Jim,

If I can be of any help with this, I would be honored.