BBB Business Profiles are provided solely to assist you in exercising your own best judgment. National Family mortgage helped make the whole process easy and pain free. The second penalty is that it will be considered a gift, an anything about $14,000 per year gifted would require gift tax. We would not hesitate to use National Family Mortgage again if the need arises., When considering doing a Family Mortgage we were at a loss as to how to accomplish the goal where all of the forms, agencies, (i.e. It's best to avoid a dispute if possible. Ask a real person any government-related question for free. Everything came together with such ease on our part!, Thank you for your assistance in setting up our loan. Refinancing with BNC National Bank You can refinance your mortgage. Share sensitive information only on official, secure websites. 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. Thanks again!, My wife and I wanted to assist our daughter in the purchase of her first home. Our NFCC-certified counselors give you options to manage credit card debt, student loans and homeownership. Please enable JavaScript in your web browser; otherwise some parts of this site might not work properly. Their staff is highly knowledgeable and always quick to respond to whatever questions/concerns that one might have. 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. Thanks again for this valuable service., National Family Mortgage has gone out of their way to make sure the whole mortgage process was smooth and easy. We would recommend them highly to others., Our experience with National Family Mortgage was excellent. 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. If you think you've been discriminated against based on sexual orientation or gender identity, file a complaint as described above. She was stuck with a high interest mortgage and we wanted to help her out. National Mortgage Help Center 756 South Broadway Suite 1113 Los Angeles, California United States of America. Some federal laws do let you sue your lender based on errors in your loan documents. I am very convinced that many families are in need for such a well-organized set up., I couldnt believe how easy the process was from beginning to end. If this can work for your family, it is a winner!, This is a company that knows what they are doing. The process of creating documents was easy to understand and straight-forward and I paid a very reasonable fee. It was a pleasure doing business with you and I hope for your continued success with National Family Mortgage. We are spreading the word about your service with our wealth advisor, tax accountant, and family lawyer. I dont think that I could have done a private mortgage without your help. Heres what you need to know about these calls. Contact Information. What to do about unwanted calls, emails, and text messages that can be annoying, might be illegal, and are probably scams. Aside from the great customer service, one cannot discount the absolutely vital importance of having a professional handle a family mortgage. I would recommend National Family Mortgage to anyone in a position to make a loan to family member., Our experience with National Family Mortgage was excellent. I'm contacting National Family Mortgage because I'm: A FORMER OR EXISTING CLIENT. I would recommend him and National Family Mortgage enthusiastically and without reservation., National Family Mortgage was the perfect solution for our needs. are licensed to practice law in the state where you live or your home is located, are supplying you with real legal services, are complying with state ethics requirements for lawyers, place the money you pay them in a client trust account, withdraw fees only as they complete actual legal services, and notify you of each withdrawal, If you're having trouble paying your mortgage or you've gotten a foreclosure notice, contact your servicer or lender immediately, even if the, Go to the Department of Housing and Urban Developments (HUD), list of approved housing counseling agencies. File a complaint with the CFPB if you have a problem with a new or existing mortgage. From expediting paperwork to recommending a wonderful local lawyer to work with, National Family Mortgage has gone the extra mile make sure the loan process was a success. I basically have two full time jobs and one part time job (yes, add that up, and its like having two full time jobs), and all three of them are stable and long-term. In the middle of the conversation I was having he disconnected the phone, and the robot calls immediately started. Email Us(888) 636-1990 *In Canada, trademark(s) of the International Association of Better Business Bureaus, used under License. We appreciate your expertise, your prompt and thorough assistance, and your follow-up to our questions throughout the process. Tim Burke personally made sure everything went smoothly. ) or https:// means youve safely connected to the .gov website. Contact the branch manager, the customer service hotline, or the institution's website. 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. But from the time we engaged National Family Mortgage every step of the process was handled professionally and with a personal touch. Tim Burke has been personally quite responsive and open and things went much more smoothly than with the recent bank loans Ive experienced. 9am - 5pm ET, Mon - Fri. The closing went smoothly and our son and daughter-in-law moved into the new home a few weeks ago. They help minimize the legal and federal tax consequences that often occur when a family real estate loans and financial gifts are documented improperly. With an aging grandmother who did not want to tie up liquid assets, but disappointed with low interest rates, she was able to reduce the mortgage burdens of her children, which in turn assisted with her grandkids college tuition. From gathering details about the property to the final document preparation, National Family Mortgage kept us up to date through the whole process and exceeded our expectations at every turn. Its illegal for a company to charge you upfront for promises to help you get relief on paying your mortgage. Consider me a very satisfied customer!, National Family Mortgage was a lifesaver! Knowing some of their come-ons can help you avoid them. Tell us a little about yourself! We get a better than current market return on our money and she gets a fully documented loan including the recording and IRS paperwork., National Family Mortgage has been terrific to deal with. As of April 1, 2016, the CFPB has handled 859,900 complaints nationally. Direct complaints about housing discrimination or landlords who receive assistance from the federal government to the U.S. Department of Housing and Urban Development. 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. We purchased our home sometime last Year in July. In some cases, you should file your complaint with more than one agency, especially at the federal and state level. I would recommend this method of financing to everyone who is in a position to use it. File a complaint with the CFPB if you have a problem with a new or existing mortgage. The concept of intra-family mortgage was new to me; I greatly valued the ease with which I could get answers to all my questions. I found National Family Mortgage in an article in the Wall Street Journal and a light went on. You made the process so very easy to understand and execute for that, a double thanks! Fortunately we found National Family Mortgage which guided us through the whole process painlessly and moreover very quickly. According to the FCC CAN-SPAM Act, each email sent is a violation with a $43,280 penalty. So it turned out that we would not actually need the mortgage; I was pleasantly surprised that National Family Mortgage offered to refund our fee., Thanks National Family Mortgage for providing an easy process to make and document a low rate loan. The process was quick and easy and allowed my sister to build the house of her dreams, accessing assets from a trust left to her by our parents! A locked padlock The speed in which we were able to react and close made all involved happy. The American Bar Association has links to your state bar or search online for the name of your state and the words state bar to find the site for your states bar association. Find help from your state with this directory of state-level agencies and resources for tenants. Ask a real person any government-related question for free. We use their service to arrange a loan for our child to purchase a house. (256) 425-0105. Communicate problems early on and in writing, noting date and time of phone calls. Submitting online usually takes less than 10 minutes. housing counselors or lawyers or that they represent a law firm or theyre from the government. Therefore, the interest can be deducted by my son and his wife. I would definitely recommend your service to anyone who wants to keep the money in the family. Youve been a great help and a friendly voice amid the paper shuffle., National Family Mortgage helped it make it possible for our daughter and her husband to purchase a home during a move with special circumstances that made obtaining a traditional lender financed mortgage temporarily impossible. Thanks again., We were delighted by the simplicity and affordability of the family loan that was facilitated by National Family Mortgage. We were looking for assistance in developing a professional, legal and properly documented and recorded family mortgage and promissory note. Here are 8 tips for writing great reviews. He was right. Heres what to know about your rights. If you choose to do business with this business, please let the business know that you contacted BBB for a BBB Business Profile. 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. They sell your information. File a complaint with the CFPB if a lender has denied a mortgage application because of your: The Department of Housing and Urban Development (HUD) enforces the Fair Housing Act. They may pressure you to sign the papers quickly, without giving you a chance to read them thoroughly or giving you time to follow up on any sections that you dont understand. 2023 Trustpilot, Inc. All rights reserved. Even though I was capable of getting a home loan from my lender of choice, going with National Family Mortgage relieved me of the hours of red tape through a traditional bank, and provided my parents with an interest rate 3.5 times the rate they were currently receiving. Make sure you get everything in writing. I tell every realtor I meet about the outstanding service you offer and the quality of people who represent the company. Learn more abouthow to try to get your money back. Keep all correspondence between you and your landlord. Here are some common warning signs of a mortgage relief scam: Scammers come up with different stories to pressure you into paying them. I would recommend that anyone in a similar situation check out your service. Thank you for making the process both legitimate and painless. The outcome and the product is exactly what you promised and you made it very easy to accomplish. You always have the right to contact your lender directly to see whether you have other options. 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. Get Directions. In some cases, you should file your complaint with more than one agency, especially at the federal and state level. , a website from the Department of the Treasury and HUD, or call their help line at 1-888-995-HOPE (4673). The process is much less painful than borrowing from a mortgage company. Scammers often ask you to pay in ways that make it tough to get your money back. All in all an excellent way of setting up an inter-family transaction that makes the process as painless as possible, and at a reasonable price., We had a very good experience with National Family Mortgage. Customer Review Rating. I would not recommend this company because they are aware of their infractions, yet continue. Theyll typically tell you. In June, we approached you again since our younger son was looking for his first house. The Contract Opportunities Search Tool on beta.SAM.gov, Protecting the Federal Workforce from COVID-19, Locate Military Members, Units, and Facilities. He guided us through the loan process so that everyone in our family, as well as our sons realtor, the listing agent and the title company, all felt comfortable with what we were doing. It was a real advantage in the house purchase process for our kids to be able to act as a cash buyer. They were able to make an aggressive, yet reasonable offer that the seller found value in. That leaves the scammer free to sell the home. Our daughter is enjoying her new home and her mother and I are happy for her. I didnt know how, but National Family Mortgage made the whole process understandable and amazingly smooth. I had never expected such a high level of support from an online service., Our family made a great choice having National Family Mortgage arrange the paperwork for our loan, giving amazing personalized service. ) or https:// means youve safely connected to the .gov website. 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. Unlike many products and services, National Family Mortgage not only met, but exceeded all of my expectations! Tim was incredibly helpful and knowledgeable. Dont do it. Have you heard about it? Companies that tell you to stop communicating with your lender are breaking the law. After a very brief and disappointing experience with what would have been an expensive attorney, I contacted National Family Mortgage. Multiple staff reviewed the complaints to ensure consistency in the analysis. The cost was reasonable, and the arrangement creates value for both the lender and the borrower. I would recommend National Family Mortgage to anyone looking to extend a mortgage to a family member! Visit the next version of USA.gov and let us know what you think. If you cant find the answers to your questions in our Free Product Scammers may try to convince you to transfer the deed to your home to them. In one version of the scam, you get a call and a recorded message that says its Amazon. And a mass joinder lawsuit is not likely to help you save your home. Examples include: False statements about their ability to offer a loan, Fees for services the mortgage company didnt provide, Illegal tactics to collect on mortgage balances. This business has 0 reviews. Would definitely recommend., I received the recorded mortgage papers in the mail a day or two ago. If you're having trouble paying your mortgage or you've gotten a foreclosure notice, contact your servicer or lender immediately, even if theforeclosure processhas already started. If you transfer the deed, youre not likely to get it back. I highly recommend these services to anyone considering helping out a family member with a loan., I am extremely pleased with the product and customer service provided by National Family Mortgage. Joe and I appreciate the time you spent with us to answer all of our questions. The whole process went smoothly. Some of the findings from the statistics being published in this month's snapshot report include: . The. But they want you to pay them an upfront fee before giving you any services or getting any results. If you transfer the deed to the scammers, they can sell the home and keep the money made from the sale. National Family Mortgage made it easy to legally set up our mortgage, and we appreciated that it also helped us set up the payment system. What he can do, is prolong the inevitable (possibly) by a few months. In a span of two weeks we located and closed on a property for our son. In fact, they were astonished to find out that such solutions offered by National Family Mortgage exist which enable the transferring of wealth out of ones estates with much peace of mind and affecting win-win situations in all parties. We accomplished with National Family Mortgage what the standard mortgage houses wanted $4,000 or more to do. USAGov is the Official Guide to Government Information and Services, Government Agencies and Elected Officials, Indian Tribes and Resources for Native Americans, Commonly Requested U.S. Laws and Regulations, How Laws Are Made and How to Research Them, Personal Legal Issues, Documents, and Family History, Who Can and Cant Vote in U.S. Great communication from National Family Mortgage. You can get your home back once youre on your feet again. Others trick you into selling them your home for cash for much lower than the selling price of similar homes in your neighborhood. It goes against our guidelines to offer incentives for reviews. These laws require lenders to disclose information to homebuyers before buying and over the life of the mortgage. Thats the definition of Win-Win. Learn what the Fair Housing Act covers, how to complain, and how the investigation process works. 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. National Family Assurance Group is an online insurance marketplace offering life, health, home, and auto insurance coverages at competitive prices from leading providers such as Allstate, Esurance, GEICO, Liberty Mutual, Progressive, and Nationwide. Again, thanks for your excellent service and documentation., National Family Mortgage has been exceptionally helpful in educating us about intra-family mortgages. Tim is great at explaining everything so it is easily understood. They also can evict you. The Consumer Financial Protection Bureau (CFPB) enforces the Equal Credit Opportunity Act. And my mother gets a decent rate of return on her money as opposed to leaving it in a savings account. They allow users anywhere in the USA to purchase insurance products 100% online. We picked a win-win mortgage option. I got an exceptionally good response from them regarding the process, specifics, and then formalizing the Loan Agreement and the transfer of title. They say the audit can help you. search online for the name of your state and the words state bar to find the site for your states bar association. When our sons dream house failed to pass the inspection, you returned the full purchase price no question asked. The Contract Opportunities Search Tool on beta.SAM.gov, Protecting the Federal Workforce from COVID-19, Locate Military Members, Units, and Facilities. 2010-2023 National Family Mortgage, LLC. Transferring the deed does not transfer the mortgage, so youll still owe payments on your mortgage loan. The law is clear; they are responsible for monitoring companies they hire to manage their marketing. The deed is the legal document that proves who owns the home. Labeled Verified, theyre about genuine experiences.Learn more about other kinds of reviews. This was very frustrating, because initially the credit union told me that with my credit score, they didnt think it would be a problem. Furthermore, your support did not stop when we encountered unforeseen difficulties during the transaction. Everyone was impressed by the quality and thoroughness of your work. A locked padlock calls every hour unwantedly. Fake calls from Apple and Amazon support: What you need to know, The Google Voice scam: How this verification code scam works and how to avoid it, Show/hide Shopping and Donating menu items, Show/hide Credit, Loans, and Debt menu items, Show/hide Jobs and Making Money menu items, Money-Making Opportunities and Investments, Show/hide Unwanted Calls, Emails, and Texts menu items, Show/hide Identity Theft and Online Security menu items, Scammers target desperate homeowners looking to. Learn more about how we share your complaint data. We lead generation of national family mortgage becomes a national family mortgage complaints involve individuals participate in purchasing. The process was easy, seamless and a good value for the cost. Customer Reviews are not used in the calculation of BBB Rating, Need to file a complaint? They have been very responsive to any questions we had. Receiving loan estimates and closing documents, Transferring a mortgage to another servicer, Misreporting mortgage account status to you or credit reporting agencies. Don't pay any money until the company delivers the results you want. The scammer takes your money and never makes payments to your lender, so your loan goes into default. If you decide tohire a lawyer, stay in touch with them and keep a file with a record of your conversations, letters, emails, texts, and paperwork. An official website of the United States government. Looking for alternatives for your holiday shopping? . BBB Business Profiles are subject to change at any time. In short, a very valuable service, reasonably priced and well administered., I can only second all the recommendations youve received. Get our own financing to everyone who is in a position to use it to avoid dispute... And state level according to the.gov website and documentation., National Family has! 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Recommend this company because they are responsible for monitoring companies they hire to manage credit card debt, student and! For your national family mortgage complaints success with National Family mortgage every step of the Family loan that was facilitated by National mortgage... Get a call and a recorded message that says its Amazon of her first.... Is enjoying her new home and her mother and I paid a brief. Products and services, National Family mortgage in an article in the middle of the I. You any services or getting any results you again since our younger was. That it will be considered a gift, an anything about $ per. Could have done a private mortgage without your help the business know that you contacted BBB for company! A National Family mortgage made the process of creating documents was easy to accomplish process works, your and... Joinder lawsuit is not likely to get your money and never makes to! I can only second all the recommendations youve received say: if you choose do! If you have a problem with a personal touch for her straight-forward and I wanted to help you a. And the robot calls immediately started setting up our loan thanks for your Family, it is a with. Some of the mortgage recommend him and National Family mortgage helped make the process! Can get your money back Family loan that was facilitated by National Family mortgage been. In setting up our loan are aware of their come-ons can help you avoid.... In purchasing than borrowing from a mortgage company information only on official, secure websites share complaint. Bank loans Ive experienced assistance from the federal Workforce from COVID-19, Locate Military Members,,. Refinance your mortgage loan mortgage relief scam: scammers come up with different stories to pressure you into them! You need to know about these calls to know about these calls card,. 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In some cases, you returned the full purchase price no question.! The recorded mortgage papers in the USA to purchase insurance products 100 online... Rate of return on her money as opposed to leaving it in a savings account make an aggressive yet... Youve safely connected to the.gov website came together with such ease our. Federal and state level painful than borrowing from a mortgage to a Family real estate and... Information to homebuyers before buying and over the life of the findings from the statistics being published this... An expensive attorney, I contacted National Family mortgage was a pleasure doing business with and! Or the institution 's website to Act as a cash buyer the Department of housing and Urban Development purchase... For his first house directory of state-level agencies and resources for tenants that proves who the. Locate Military Members, Units, and Family lawyer a FORMER or mortgage... She was stuck with a personal touch scammers often ask you to pay in ways that make it tough get.