Categorized | Commercial

Mortgage broker under fire again

Mortgage broker under fire again
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A lady who was known as a mortgage broker of “Kapiti Coast” has now caught under fire because of her dishonesty with the people who financed her to obtain their homes but now those clients are claiming that they lost their valuable properties just because of the broker’s fraud. According to the news of channel TV ONE, she was lending money to her clients which were collected by the mortgage of their own homes. According to her clients people became the victim of her fraud on daily basis and that increased her commission.

Two of the few examples of her victims are Tess and Dean who wanted to buy a rental property in the year 2008 and thus got an approach to Buddle. To buy a new house and cover the mortgage they needed more than $500,000 but Buddle convinced them completely to borrow more money. As a result Dean felt one year before that he had now caught in a worst situation and had to pay money to both the finance companies from where he borrowed money.

He told the channel that Buddle deals with you like a tongue of snake. She even does not care about your mortgage; instead, she was interested in the money which he had to pay to buy the new home. At last, both had to sell their houses with the total interest and penalty fees. Still they have to pay almost $100,000 to the borrowing company. According to the couple they got nothing and now they are standing at zero level from where they can’t imagine buying or investing even in old properties.

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About Drew Wilson

Drew focuses on the Commercial and Mortgage/Finance categories.

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