Fred and Cookie Blomquist were put into a predatory loan when they wanted to do some home repairs. Their broker said that he could get them the “best loan possible.”
What they didn’t realize was that their loan was predatory in nature. Even though Fred was recovering from open-heart surgery, their lender had become unreasonable. They had even tampered with their identity. In addition to their home loan, the Blomquist’s also had car loans with the same lender — a lender who was now in predatory position many times over.
The foreclosure amount on the home was $650,000. Their lender was able to sell it back to themselves for $450,000. This offer was never presented to the Blomquists.
With the legal leverage provided by a court-ready Audit by US Loan Auditors, they have been able to stay in their home. As Cookie said, “We wouldn’t be here without US Loan Auditors… I have the utmost respect for them.”
