It's best to avoid a dispute if possible. After a very brief and disappointing experience with what would have been an expensive attorney, I contacted National Family Mortgage. My parents get a great return on their investment and I get a great rate on my loan. At the start we anticipated having to spend thousands on Lawyers, and Title companies and state agencies. You may use this quote if you would like!, I want to send my compliments and positive feedback about our experience using your services. They were helpful, responsive and very knowledgeable. 91 Main St Ste 308. Tim is great at explaining everything so it is easily understood. National Family Mortgage helps protect families who are borrowing, lending, or gifting money with relatives to purchase or refinance a home. I would not recommend this company because they are aware of their infractions, yet continue. If you have a complaint against a mortgage company, try to resolve it with the company first. If youreworking with a lawyer, make sure theyre licensed in the state where you live and are reputable. The entire process went smoothly afterwards and everyone is happy. Tim Burke, the CEO, answered my questions and helped assure me how simple the process would be. Id encourage anybody considering an intra-family mortgage to use your service. We used your solution for our eldest son and it is working perfectly, especially the monthly payments, the monthly statements and the year-end statement. A housing provider that discriminates against someone could be a landlord or a real estate management company. It has no minimum opening deposit, no minimum balance and no monthly service fees. We found the process to be simple, cost effective, and reliable. would be completely legitimate under IRS law, as well as a fair interest rate for all parties involved. It truly has been a Win-Win., Thank you for assisting our family with this important financial undertaking. The Mortgage Assistance Relief Services (MARS) Rule says it's illegal for a company to charge you a penny until it's given you a written offer for a loan modification or other relief from your lender and you accept the offer. Lock Intra-family Loan Calculators | National Family Mortgage Our powerful intra-family loan calculators will help you build a loan that fits! Do You Have to Vote for the Party You're Registered With? Thanks for all of your help., We were very happy to work with National Family Mortgage on our mortgage. This was very frustrating, because initially the credit union told me that with my credit score, they didnt think it would be a problem. county recorder etc.) But if they do offer to sell it back, the terms of the deal often are so expensive that buying back your home becomes impossible. Amortization Calculator - The Win-Win Mortgage Amortization w/ Balloon Calculator - The Win-Win Mortgage Interest Only Calculator - The Gift Mortgage Reverse Mortgage Calculator - The Caregiver Mortgage Submit a Suspected Mortgage Fraud Report to notify authorities of suspected mortgage fraud, or call 800-2FANNIE (800-232-6643). Your help with these were greatly appreciated and I would not hesitate for a moment to highly recommend you and your company. 2010-2023 National Family Mortgage, LLC. I didnt know how, but National Family Mortgage made the whole process understandable and amazingly smooth. : mortgage loan auditors, or foreclosure prevention auditors, lawyers, or other experts. Knowing some of their come-ons can help you avoid them. A .gov website belongs to an official government organization in the United States. Thanks again!, I was looking for the options to help our daughter to refinance her mortgage and I am very happy I found National Family Mortgage. Several government agencies accept complaints about mortgage lenders. Find help from your state with this directory of state-level agencies and resources for tenants. I strongly endorse Tim and National Family Mortgage for people looking to use this vehicle to help their families., National Family Mortgage was a great way to go for me to help a close friend refinance her second home in this tough mortgage environment. : Well help you get a deal on another loan (a rescue loan) so you can make your mortgage current.. Green Cards and Permanent Residence in the U.S. U.S. Passport Fees, Facilities or Problems, Congressional, State, and Local Elections, Find My State or Local Election Office Website. Federal government websites often end in .gov or .mil. While we qualified for an attractive rate with a traditional mortgage, the savings from structuring our loan with our relatives was a no brainer for everyone involved. Your Win-Win Mortgage really lives up to its name. The guidance and explanations were clear and concise, and they gave us peace of mind that weve established this loan with the proper legal steps, legal documentation, and IRS compliancy. The FTC and its law enforcement partners announced actions against several income scams that conned people out of hundreds of millions of dollars by falsely telling them they could make a lot of money. Get in writing specific information about the work the lawyer or firm will do for you, including the cost, and the payment schedule. From the helpful information provided on your website and over the phone to confirmation that the mortgage had been properly recorded. 4. A BIG thank you to National Family Mortgage. Thats the definition of Win-Win. National Family Assurance Online Life Insurance Quotes Our advisor was very helpful in answering our questions, and the application process was easy to navigate. In short, a very valuable service, reasonably priced and well administered., I can only second all the recommendations youve received. In one version of the scam, you get a call and a recorded message that says its Amazon. The monthly update and yearly tax documentation completes the package. Elections, Presidents, Vice Presidents, and First Ladies, Car Complaints and Motor Vehicle Services, Advance Child Tax Credit and Economic Impact Payments - Stimulus Checks, COVID-19 Health Information, Vaccines, and Testing, COVID-19 Small Business Loans and Assistance, Government Response to Coronavirus, COVID-19, Passports and Travel During the COVID-19 Pandemic, Financial Assistance and Support Services, Financial Assistance Within Designated Natural Disaster Areas. The second penalty is that it will be considered a gift, an anything about $14,000 per year gifted would require gift tax. Everything came together with such ease on our part!, Thank you for your assistance in setting up our loan. , speed the loan modification process, lower the amount you owe, or even cancel your loan. In some cases, you should file your complaint with more than one agency, especially at the federal and state level. Scammers may want you to pay only by cashiers check. Make smart shopping decisions, know your rights, and solve problems when you shop or donate to charity. Before you hire someone who claims to be a lawyer (also called an attorney or counsel), or someone who claims to work with lawyers, ask relatives, friends, and others you trust for the name of a lawyer with a proven record of helping homeowners facing foreclosure. Your service made the process easy! Truly the Ritz of private mortgage origination services! Scammers will demand payment upfront, before you get any services. GOVERN YOURSELF ACCORDINGLY. International Association of Better Business Bureaus. The company must disclose key information to you. The banks did not want to deal with our relatively small refinance and/or they wanted substantial fees. Theyll review your mortgage documents to see if your lender complied with the law. Elections, Presidents, Vice Presidents, and First Ladies, Car Complaints and Motor Vehicle Services, Advance Child Tax Credit and Economic Impact Payments - Stimulus Checks, COVID-19 Health Information, Vaccines, and Testing, COVID-19 Small Business Loans and Assistance, Government Response to Coronavirus, COVID-19, Passports and Travel During the COVID-19 Pandemic, Financial Assistance and Support Services, Financial Assistance Within Designated Natural Disaster Areas. The scammer hands you a stack of papers to sign for the new loan. A POTENTIAL NEW CLIENT. Will be happy to recommend your services to anyone who may ask., Looking to help our son with the purchase of a house, I learned about National Family Mortgage from a syndicated article in the Chicago Tribune and called to get more clarity. The deed is the legal document that proves who owns the home. Every step in buying a house is stressful, so it made the process much easier to know that our mortgage was going to be handled properly., A family loan made sense. When our sons dream house failed to pass the inspection, you returned the full purchase price no question asked. Here are 8 tips for writing great reviews. All Rights Reserved. The speed in which we were able to react and close made all involved happy. I count lending them the money in this fashion as one of the best things Ive ever done., When I decided to finance a home for my daughter I expected the inevitable complexity and anxiety. Some less-than-honest law firms send direct mail flyers that urge you to participate in a mass joinder lawsuit. The firms charge upfront fees and bend the truth to make you think youre joining with other people in similar circumstances to sue your lender. Weve lent our daughter and her boyfriend 80% of what they needed to buy their first home. National Family Mortgage has a very comprehensive web site. The .gov means its official. A family mortgage has allowed us to assist family members to purchase their first home. BBB asks third parties who publish complaints, reviews and/or responses on this website to affirm that the information provided is accurate. Guide is designed to answer all of your questions. Thank you, National Family Mortgage for making the process not only possible, but simpler and more enjoyable than we had reason to expect., Having National Family Mortgage set up the loan and handle all the details has been a Godsend. The result of the procedure; we helped our son with a head start in life and helped ourselves with a better return on some of our idle cash. To better serve our clients, and pass on greater savings to everyone, please be sure to download 2023 Trustpilot, Inc. All rights reserved. He was right. Apparently when people use their trusted family lawyers to draw up mortgages and the associated paperwork, the results are mixed. As with anything new and different, we had a few questions and concerns, all which were handled efficiently and honestly by the team at National Family Mortgage, especially Tim Burke. Scammers say:If you give us the deed to the home, well get our own financing to save the home from foreclosure. These scammers say you can stay there as a renter and your rent payments supposedly will go to helping you buy the home back from them later. My parents benefit by collecting interest on their money at a higher rate than they were getting on CDs and such, and we benefit by having refinanced to a lower rate. The company issues home loans up to $2.5 million and cash-out refinancing up to $2 million. Consider me a very satisfied customer!, National Family Mortgage was a lifesaver! Tim Burke went above and beyond in an effort to make sure the process was accurate and properly handled. Within the next year or two, we will come back to National Family Mortgage with our daughter as she will want the same help. Before sharing sensitive information, make sure youre on a federal government site. Our daughter is enjoying her new home and her mother and I are happy for her. Learn about getting and using credit, borrowing money, and managing debt. After you talked to them and made them understand the process, they removed their demand. Their website is very informative, with IRS guidelines clearly defined, and the fees were much less than paying a banks origination and transaction fees. Proper documentation and protocol are paramount, and its easy to feel as if it is acceptable to not do it properly. 9am - 5pm ET, Mon - Fri. If youre looking to secure an intra-family loan, National Family Mortgage is the expert youre happy to have on your side., National Family Mortgage was the perfect option that we were looking for. Find out what to do if you have one of these complaints when buying or renting a home. File a complaint with HUD and the fair housing office in your state if a mortgage company discriminated against you because of your: The CFPB enforces several laws, such as the Truth in Lending Act and the Real Estate Settlement Procedures Act. Five Stars!, No lie, was a little apprehensive at first, but now, a few months in, the process was extremely easy/seamless and all parties are happy. I strongly recommend National Family Mortgage to anyone considering a Family Mortgage., We used National Family Mortgage to help our daughter and son-in-law with their first home. This is the way to go and I have no hesitation about recommending National Family Mortgage to others., I really appreciate the service you have provided. Email this Business. Our NFCC-certified counselors give you options to manage credit card debt, student loans and homeownership. Some federal laws do let you sue your lender based on errors in your loan documents. In a market environment where stringent bank requirements result in delays and hoop jumping exercises, National Family Mortgage provides an option to speed the home buying process and avoid much of the headache. The entire process went smoothly afterwards and everyone is happy our Family with this of. Their investment and I are happy for her amount you owe, foreclosure! 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