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Borrower Nightmares: Disabled home owner alleges broker, bank offered her mortgage she could not pay for

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

Introduction

Margaret Mosunic is 63 and a devout Christian, but if she ever encounters her building specialist again, she’s got a certain, violent strategy.

“I would like to choke their small Irish neck, ” she stated in a current interview in her house in excess of 40 years in Queens, ny.

Are you aware that large financial company whom suggested the specialist? “He is a devil within the disguise of a man, ” 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 straight back fees while making repairs up to a downstairs leasing apartment, she stated.

But which wasn’t the mortgage that the broker had expected the financial institution, Emigrant Mortgage Co. Of the latest York to accept, Mosunic’s lawsuit alleges.

Methodology for property foreclosure cases

To achieve understanding of other Emigrant Bank property foreclosure cases, iWatch Information took a straightforward random sample of 54 associated with the 401 active situations placed in ny in mid-August. Information on each one of the 54 situations had been entered as a spreadsheet for descriptive analysis. We utilized a self-confidence degree of 95 % by having a margin of mistake of 6 portion points either in way, standard in social technology research. 继续阅读