Nationstar Mortgage Mortgage Complaint

Nationstar Mortgage Mortgage department,

Other mortgage Application, originator, mortgage broker Oregon

I bought my condo in 2007 at the height of the market. At the time, the builder was offering a special through their preferred lender - Loans. I believe that I was a victim of fraudulent and deceptive practices because at the time I was advised to take out a first and second loan ( - with a 10 % down down payment ). - was onsite at the builder and they disclosed the terms of the first mortgage which were very attractive at the time - 5.5 % - but I was told that their printer was broken '' and they did not disclose the terms of the second loan, which were very unfair ( 9 % interest with a - balloon ) and well above market stadards at the time. I belive that - was predatory and intentionally withheld the information about the second mortgage. Since then, my - loan was acquired by - - - and then Nationstar. I have called many times and spent countless hours trying to resolve this loan. They blame - and do not accept my assertion that by acquiring my loan they also acquired responsibility for - 's


too underwater. I have struggled and managed to maintain the loan, but with a 9 % interest rate I can not pay down the loan fast enough to make a dent in the principle and will be in major trouble when the balance is due at the 15-year mark. I do not anticipate having enough equity given the slow recovery of these condos which were all built in 2007 and have mostly been acquired at a much lower price than I through through foreclosures and short sales. Also, the builder and HOA are in litigation that inhibits sales and have been for years.