» » BHM FINANCIAL GROUP - Mortgage title rip off ... got a high interest loan paid principal only renewal fee was to be 150.00 they added on 3, 000.00 for renewal, felt under duress to agree as we did not have money to pay out al | #25627

Complaint / review / scam report
BHM FINANCIAL GROUP
Mortgage title rip off ... got a high interest loan paid principal only renewal fee was to be 150.00 they added on 3, 000.00 for renewal, felt under duress to agree as we did not have money to pay out al

Got a loan from BHM financial for 21, 600.00 for a mortgage loan ....big mistake!
They charged us ridiculous fees of 1600 legal plus plus plus of the top of the loan.
We then were told it is an interest only payment we were paying and when asked if you have to renew the loan, was told a 150.00 fee would be charged. The time came that we thought we could pay the loan off but could not, they then tacked on a $3, 000.00 renewal fee!! our payments were 504.00 a month to which increased to 574.00 ... with no further communication they continued to take the month fee, and added $3, 000.00 yearly. We are now in the position where our bank will pay out these crooks, but now the banks legal department can only find a title on some Boruch Oberlander and not BHM financial!!!! so they cannot pay out the mortgage unless they pay it to this person!! What happens next ... i'll keep you all posted!!
Author: Contact with Author

Offender: BHM FINANCIAL GROUP

Country: Canada   Province: Quebec   City: Montr
Address: 1090 Ave Pratt Montr
Phone: 18777871682
Site: bhmfinancial.com

Category: Business & Finance

1 comment

Rachel September 27, 2016 2:33 PM
Dear Author,

Mortgage conveyance involves legal procedures, notarized documents, legal searches, credit checks etc; those fees have to be paid and the mortgage applicants are fully aware of it because those fees are disclosed upfront. The mortgage process will not be completed in a case of legal fees dispute. A mortgage lawyer is required in order to complete a mortgage application.

Due to unofficial complaint submission, we are unable to identify your account with BHM Financial. To further assist in regards to your mortgage, we have to be able to identify your account. But, in general, BHM FINANCIAL strongly suggests the Debtors to review their mortgage’s agreement, which was drafted by mortgage lawyers, signed, sealed, and delivered.
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