Consumer complaint received 2025-01-31 00:00:00
Product: Mortgage — Conventional home mortgage
Issue: Closing on a mortgage — Closing disclosure or other related disclosures
Company: Edge Home Finance, LLC
State: WA

Complaint narrative:
Edge Home Finance is guilty of the following : Wrongfully Listed as Borrower and Buyer : I am wrongfully listed as a borrower on the deed of trust, despite not being on the loan and being unemployed.

Only my husband is the borrower, as I was not employed. I was a XXXX XXXX XXXX XXXX  to my XXXX daughter. 

I facilitated the transaction with my settlement funds from her and my injury settlement. 
Additionally, I am also listed as a buyer and owing the debt, even though I was not employed and could not be approved for a loan. 

They also fail to disclose that I am the individual providing the downpayment, as it is not specified anywhere in the contract. 

It is noteworthy that I am listed as a buyer but missing from the purchase receipt and title, even though I am the one who provided the downpayment with my settlement funds. 

As I was not employed, it means I am not qualified to be the borrower, and its impossible for me to have been on the loan with no employment.

This indicates that Edge Home Finance have incorrectly stated the contract information, failing to disclose that my husband is the sole borrower.

This misinformation is not only inappropriate for contract law but also dishonest and should be deemed invalid. 

Informed consent is a fundamental principle in contract law, and this was clearly not obtained in this instance. 

Additionally, at the time of signing, I was on medication and not at full capacity to understand or notice the details. 

I request oversight and assistance from the CFPB to address this misinformation, as it is unacceptable and should not be upheld in a legal contract. 

It is not right for them to list me as a borrower and as a buyer in debt to a loan I am not on, was not approved to be on, and was not employed to qualify for. This misrepresentation should be corrected immediately. 

This contract doesn't really stand, as it's based on fraud, misrepresentation, lack of proper disclosure, absence of informed consent, and financial discrepancies. Misrepresentation alone can render the contract void or voidable. 
Title, Purchase Receipt, and Quitclaim Deed : The issues surrounding these documents are interconnected. If my down payment was verified, my name should be properly reflected in all related documents. Evading this matter undermines the integrity of the transaction and my legal rights.

Quitclaim Deed : The attempt to guide me to sign a quitclaim deed after approving my funds for use suggests deceptive business practices aimed at stripping away my legal rights to the property. Although I refused to sign the quitclaim deed, this action still raises serious concerns about their intentions and practices.

Repeated Changes to Closing Costs : Edge Home Finance 's repeated changes to the closing costs when they sent reminders to sign is another example of deceptive practices. This lack of transparency and consistency further complicates the transaction and raises serious concerns about the fairness and integrity of the process.

Closing Statement : I urge the CFPB to intervene in this matter, ensure that these misrepresentations are corrected, and hold the responsible parties accountable for their actions. 



Sincerely, XXXX XXXX

Company public response: Company believes it acted appropriately as authorized by contract or law
Company response to consumer: Closed with explanation