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Home > Financial Services > Mortgage Brokers > National Savings & Mortgage
National Savings & Mortgage
A mortgage broker is an individual or firm that acts as an independent agent for both the borrower and the lender of a mortgage loan. Mortgage brokers are the middleman between you and the lending institution, which can be a bank, trust company, credit union, Mortgage Corporation, finance company or even an individual private investor. A mortgage broker will analyze your financial situation to determine which lender is the best fit for your loan needs. He or she will submit your mortgage application to one or more lenders in order to sell it, and works with the chosen lender until the loan closes. He or she receives a commission from the borrower if the loan closes.
National Savings and Mortgage have done whatever it takes to obtain a sale of a mortgage loan including implicating a seller of real estate to create, prepare a Warranty Deed to real estate property with disregard of the validity of the title Deed to the property. The company, agent of Fidelity National Title, and National Savings and Mortgage, prepared documents that look very believable until they question their own transactions when a claim was brought to their attention. They themselves ask how did this happen.
Not only did they fail all the written agreements they misrepresented to us that the Title Insurance Policy they gave us was their insurance. When in fact it was the lenders. Now their haven’t any insurance, their have lost the right to be able to sell and or claim any loss from their mistake. Along with the mortgage that should never had been approved.The full misrepresentation boils down to the home that is attached to the lots does not exist. Their paper work shows their only purchased two lots. The description of the conveyance can not be corrected because the home is encroaching a public highway12 feet and has been prior to their purchase so, this would explain why all written agreements were not honored.
Fidelity National Title Insurance, wants to know why their built the home in the road. In their defense, it is a good question but, their did not build the home. So I, would like them to explain to me why they did not recognize it in their Title Search. I would like to know why their were given a Title Insurance Policy that is worth nothing, including many other questions with regards to their responsibilities of a Title Company and its duties of their examiner. Including the dealings they have with the Broker, National Savings and Mortgage who would instruct someone to break the law.
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