Gary Kent Real Estate

  • Contact Us
  • 858-457-5368
  • Search Homes
  • Communities
    • Central San Diego County
      • City Heights
      • College Grove
      • Del Cerro
      • Downtown
      • Encanto
      • Golden Hill
      • Hillcrest
      • Kensington
      • Linda Vista
      • Logan Heights
      • Mission Hills
      • Mission Valley
      • Normal Heights
      • North Park
      • Old Town
      • San Carlos
      • Serra Mesa
      • Tierrasanta
      • University Heights
    • San Diego Coastal
      • Bay Ho
      • Bay Park
      • Clairemont
      • Coronado
      • La Jolla
        • Beach-Barber Tract
        • Bird Rock
        • Country Club
        • Hidden Valley
        • La Jolla Alta
        • La Jolla Farms
        • La Jolla Heights
        • La Jolla Mesa
        • La Jolla Shores
        • La Jolla Village
        • Lower Hermosa
        • Muirlands
        • Muirlands West
        • Soledad Mountain
        • UCSD
        • Upper Hermosa
        • Village of La Jolla
      • Mission Beach
      • Ocean Beach
      • Pacific Beach
        • Pacifica
      • Point Loma
      • Sorrento Valley
      • University City
    • North County Coastal
      • Cardiff by the Sea
      • Carlsbad
      • Carmel Valley
      • Del Mar
      • Encinitas
      • Oceanside
      • Rancho Santa Fe
      • Solana Beach
    • North County Inland
      • Bonsall
      • Carmel Mountain
      • Escondido
      • Fallbrook
      • Mira Mesa
      • Poway
      • Ramona
      • Rancho Bernardo
      • Rancho Penasquitos
      • San Marcos
      • Scripps Ranch
      • Valley Center
      • Vista
    • East San Diego County
      • El Cajon
      • Lakeside
      • La Mesa
      • Santee
      • Spring Valley
    • South San Diego County
      • Bonita
      • Chula Vista
      • Imperial Beach
      • National City
      • Otay Mesa
      • Paradise Hills
      • San Ysidro
  • Selling
  • Buying
  • Investing
  • Seminars
    • Past Seminars
  • Blog
    • Home Buying
    • Home Financing
    • Home Selling
    • Q&A – Home Buying Questions
    • Q&A – Home Financing Questions
    • Q&A – Home Investing Questions
    • Q&A – Home Selling Questions
    • Real Estate Videos
      • Home Seller Mistake Videos
      • Pricing Blunder Videos
      • Selling Your Home Videos
  • About
  • Contact
SEARCHHOMES

How Loan Brokers Can Mislead Clients

by Gary Kent / Tuesday, 06 March 2012 / Published in FAQs, Home Financing

“We’re trying for a loan modification, but may consider a short sale if that doesn’t work. We were really misled about how our loan could change and reset. What is the responsibility of loan brokers and/or banks who lied to their clients about the type of loan they were getting?”

Answer:
Unfortunately the loan brokers who misled their clients typically say everything was disclosed in the mass of loan documents signed in a rush at the last minute, even if it’s not what they told you it would be.

But all those pages are too much for a mere mortal to read and understand. You and everyone naturally relied on what your loan broker told you.

Unfortunately, I don’t know of anything you can do about it unless your lender gave you something different in writing. You should check with an attorney, but you probably have no recourse.

  • Tweet
Tagged under: ask gary kent, real estate finance, san diego, san diego home financing, san diego real estate

About Gary Kent

Licensed since 1984, San Diego real estate broker Gary Kent is a recognized authority on real estate. In addition to selling over 5,500 homes for clients, he has been an expert court witness, trainer of other agents, and he does seminars on home buying, home selling, and investing. Gary has sold homes for The Salvation Army, dozens of major banks, and Fannie Mae, amongst others. You can find Gary on Facebook, Instagram and YouTube.

What you can read next

Should You Agree to a MERS Foreclosure?
Deal with the Agent, Not the Seller
Don’t Trust Your Zestimate

Search Our Site

Real Estate Resources

Buyers Button
Sellers Button
Investors Button

Real Estate Videos

  • Real Estate Videos
  • Home Seller Mistake Videos
  • Pricing Blunder Videos
  • Selling Your Home Videos

Helpful Real Estate Articles

  • Crazy Buildings
  • Credit Score
  • FAQs
  • Home Buying
  • Home Financing
  • Home Selling
  • Q&A – Home Buying Questions
  • Q&A – Home Financing Questions
  • Q&A – Home Investing Questions
  • Q&A – Home Selling Questions
  • Real Estate Investment
  • Real Estate Resources
  • Real Estate Tips
  • Real Estate Videos
    • Home Seller Mistake Videos
    • Market Update
    • Open Houses
    • Pricing Blunder Videos
    • Selling Your Home Videos
    • Story Time With Gary
  • San Diego
  • San Diego Activities
  • Short Sale
  • Uncategorized

Recent Blog Posts

  • How To Find The Right Realtor To Sell Your Home

    How To Find The Right Realtor To Sell Your Home

    Do you know, the number one error that home sel...
  • about those "I want to buy your home" letter gary kent realtor san diego

    About Those “I Want To Buy Your Home” Letters

    I don’t want to burst anyone’s bubb...
  • save taxes webinar thank you gary kent realtor san diego

    Thank You!

    Click here to download the guide Ken Rowlesk&#1...
  • story time with Gary Kent, San Diego Realtor

    Story Time with Gary

    Funny, zany, shocking, R-rated, true stories! I...
  • Has COVID-19 Raised Your Property Value?

    How has COVID-19 affected the value of your dup...

Featured Communities

  • La Jolla Homes for Sale
  • Pacific Beach Homes for Sale
  • Clairemont Homes for Sale
  • Carmel Valley Homes for Sale
  • Downtown San Diego Homes for Sale
  • University City Homes for Sale
  • Rancho Penasquitos Homes for Sale
  • Mission Hills Homes for Sale
  • Carlsbad Homes for Sale
  • Del Mar Homes for Sale

Gary Kent Team Real Estate

This site is backed by real estate professionals who strive to make your home sales process as effortless as possible. Please feel free to browse and contact us with any questions.

Tel: 858-457-5368 (KENT)
Email: team@garykent.com

Keller Williams Realty La Jolla
8813 Villa La Jolla Dr.
Suite 2001
La Jolla, CA 92037
Contact Us

CA BRE #01932411

  • GET SOCIAL
Gary Kent Real Estate

Copyright • San Diego Web Design by MITO Studios

TOP