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  1. #1
    Member msdjsd's Avatar
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    Jan 2012
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    22

    Preadatory Lending?

    Do we have a possible "Predatory Lending" argument with Wells Fargo? Our original loan apt was faxed to me on June 21, on the loan app it has over inflated income on my wife by 50% and myself by 20%, it also has the date of the loan app as 10/26/2006 one week prior to the deed being recorded and the date was not written by us and it distintly says it was a phone interview, which by my wifes recalaction she stated we signed a blank application and the information was inserted at a later date but 10/26/2006? a week prior to recording?

  2. #2
    Senior Member fredk's Avatar
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    Jul 2009
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    246
    what were terms of loan ?

    did you get the loan you requested ?

  3. #3
    Member msdjsd's Avatar
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    Jan 2012
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    22
    yes it just had to do with overinflated income and insertions made and dated wrong

  4. #4
    Senior Member fredk's Avatar
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    Jul 2009
    Posts
    246
    do u knpw if you qualified for the loan with the correct numbers?

  5. #5
    Member msdjsd's Avatar
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    Jan 2012
    Posts
    22
    i dont think so, we didnt realize it was so much, plus he made us get a second so we could have money in the bank

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