Comments about ‘Feds warn of top 5 mortgage scams’

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Published: Friday, Feb. 5 2010 12:00 a.m. MST

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Kevin

Less reverse fraud than any other, yet you lead with it? Scare the seniors, huh?

CHIP Loan

Has anyone heard of this? I got offered a CHIP LOAN by BBT bank. The realtors and lawyers tried to bully me when I said "no way"-they said I had no contingency to say no.
I reported them to TREC and TREC sent me a paper from HUD stating I had been given it.
1. I never had-HUD wasn't involved.
2. That had nothing to do with my complaint.
They told me my contract was standard, but all the standart contracts I've seen have either a contingency clause or the realtor adds one. How can you be expected to accept loan terms you've never seen?

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