Consumer complaint received 2023-01-22
Product: Mortgage — Conventional home mortgage
Issue: Trouble during payment process — 
Company: WSFS FINANCIAL CORPORATION (NY)

I had hired an attorney to pursue litigation to fight the foreclosure and erroneous sale of my home. My Son-in-Law XXXX XXXX had arranged for the Mortgage through XXXX XXXX back in XXXX XXXX I was and unemployed XXXX living with my XXXX husband who had advanced XXXX XXXX. I had not worked for approximately eighteen years and was living on my husbands Social Security and Pension ; however, XXXX XXXX offered me a loan so that my daughter and her Husband could purchase the property at XXXX XXXX XXXX, XXXX XXXX NY XXXX Again, I reiterate my Son-in-Law XXXX XXXX, and XXXX XXXX, XXXX XXXX ( Attorney for Purchase of XXXX ) had me take the mortgage at 99 % and XXXX XXXX and my Daughter XXXX XXXX 1 % XXXX XXXX XXXX XXXX Mortgage. In addition, XXXX and myself were both unemployed. XXXX XXXX had XXXX XXXX, XXXX. place XXXX and XXXX as 48 % each on the Deed and I would be 2 % on the Deed. 

XXXX XXXX was aware of this fraudulent mortgage and pushed it through as part of XXXX XXXX nationwide mortgage fraud. XXXX XXXX XXXX XXXX XXXX, XXXX NY aggressively pursued this mortgage in connection with XXXX XXXX regardless of whether I had funds in the bank, no Income Tax Return since my husband had retired XXXX years prior to XXXX. My husband and I literally had approximately {$1500.00}. in our savings account and {$350.00}. In our checking account when the mortgage was approved. My Daughter XXXX at that time was unemployed as well and had two children ages XXXX and XXXX year old. In XX/XX/XXXX XXXX was a XXXX  XXXX, and XXXX XXXX was the only employed individual party that would be responsible for paying the mortgage on this one-family dwelling. 

XXXX agreed that he would pay the {$4300.00}. Mortgage monthly and he did until XX/XX/XXXX when he abandoned XXXX and their XXXX children to go live in XXXX with his Mistress. XXXX took all their cash from the childrens college accounts and checking/savings accounts. XXXX was forced to go on Food Stamps and scrounged for months until she received emergency child support from NYS Family Court ( XXXX ) in XX/XX/XXXX. After being unemployed for over two years and being sole caretaker of her three children XXXX was not viable and could not find employment so she freelanced when possible. 

*Bottom line, there was NO income, NO assets, NO stocks, NO JOB - yet the mortgage was approved by XXXX XXXX XXXX XXXX, this is mortgage fraud, this was unethical, and impossible to justify how a 40-year mortgage for over {$500000.00}. would be approved and offered to a XXXX, unemployed woman. XXXX XXXX committed Mortgage Fraud by offering a loan to persons with no income, assets, money, etc. This mortgage should have never been originated/offered. 

Subsequently the foreclosure that commenced in XXXX due to my Son-in-Law XXXX XXXX and my XXXX XXXX XXXX divorce/separation that commenced in XX/XX/XXXX. XXXX and XXXX Divorce lasted approximately seven years and was finalized in XX/XX/XXXX. The Divorce suspended any Foreclosure actions in NYS Supreme Court pending the Judge XXXX XXXX Order in Matrimonial Part. All along, I had requested that my attorney XXXX XXXX, XXXX. was told numerous times to make an offer to XXXX XXXX in order to payoff the mortgage ( buy back ) in order to save the home from Foreclosure dating back to XXXX. My requests went unanswered by XXXX XXXX. 

Consequently, we received documents from XXXX XXXX, XXXX. who stated that he represented the bank XXXX XXXX and attached was a payoff letter for the balance owed with arrears and fees ( interest, legal fees ) please see attached. In response to this payoff letter there was a payoff amount {$690000.00}. In XXXX I was prepared to payoff/buy back the mortgage however my multiple attempts were blocked. XXXX XXXX, XXXX. would not entertain or even consider accepting the {$690000.00}. Repeatedly stated that the bank ( XXXX XXXX ) now anticipated that they were owed {>= $1,000,000}. this would be the banks only offer the bank would accept, or the home would go to Auction. By the way Judge XXXX XXXX referred to the bank being XXXX XXXX as well and that we would be able to make the payoff offer to the bank and that the bank may try to negotiate. 

Lastly, I made an offer of {$690000.00}. in order to payoff and buy back the mortgage my offer went ignored. XXXX XXXX never responded, instead my home was sold at auction for {$500.00}. Please see attached letter to XXXX XXXX, XXXX. attorney for the bank where we offered {$690000.00} in XXXX of XXXX, yet XXXX XXXX the bank states that the home was sold for {$500.00}. Again, this is fraud on top of fraud, seems calculated and planned on the part of the bank. In fact, I suspect, and it is obvious that XXXX XXXX, XXXX, and XXXX XXXX ( Referee ) for the bank are part of an LLC that was created before the Auction and was called XXXX XXXXXXXX XXXX LLC. Clearly all part of the XXXX XXXX scam used for over fifteen years by XXXX XXXX to create fraudulent mortgages and then in the end once the owner is destroyed financially the bank, aka XXXX XXXX swoops in to buy the property for {$500.00} and then resell the home at an inflated cost above market value. 

***Now XXXX XXXX is trying to pass off the blame to Wilmington Savings Fund Society , FSB XXXX XXXX XXXX XXXX who was processing the foreclosure for XXXX XXXX. 

I need help with this matter because this is clearly the continued mortgage fraud story from the XXXX crisis, and XXXX XXXX is continuing to perpetuate this so that they can profit off unsuspecting borrowers, as well as stealing the property so that they can sell it at a now inflated price. 

Please help me- Respectfully XXXX XXXX XXXX XXXX XXXX