CIT Bank National Association Mortgage Complaint

CIT Bank National Association Mortgage department,

Reverse mortgage Loan modification,collection,foreclosure Massachusetts

My father ( deceased ) had a reverse mortgage on my childhood home. After he died the mortgage company ( Financial Freedom ) said that I, as legal heir, would be allowed to purchase my father 's home for 95 % of its fair market value. They sent an appraiser who took a photo of the front and rear of the house and added a $450.00 appraisal fee to my father 's account with Financial Freedom. The appraiser never even came inside ( my family and I were living in the home at the time of appraisal and were in fact living with my father before he died ). The appraisal came in at $ -. The $ - was very near the assessed value posted by the board of assessors. I suspect that some percentage of the assessed value was used in lieu of a real inspection and appraisal. This phony appraisal meant $120000.00 to me using the 95 % figure. I told Financial Freedom that the property was not worth $120000.00. This was confirmed by a real estate agent, and friend, who lived next door. I told Financial Freedom that I wanted to get my own appraisal and they said only their appraiser could be used. In - 2015, my father 's property was sold for $ - to a total stranger. I feel completely cheated by this dishonest appraiser, Financial Freedom and - - ( the buyer at auction ). My real estate neighbor predicted that they would be very lucky to get $ - for the house. How right she was. My husband is a veteran and has access to a VA Loan. We would have gladly purchased my father 's property for the $ - ( real fair market value ) but were never even notified that they would sell it for $ - less than they originally told us. Completely unfair and immoral and criminal in my opinion.