Mom whom is 80 and I 46, went for a loan, we first refianced with the bank who has our note for over 17 yrs, so the first prime lender did not want to lower the interest and they did it, after being told by her and I that the new obama law states lower rates, well, we did refinance successfully. Then she wanted to get a home equity line of credit, to fix up the house so me, my brother and I can live there with her, the home equity line is with a small lender and is for principle only. After she gave them all the paperwork..she had an argument on the phone with the lender, (I was not there when this happened). The bank called APS and I feel is retaliating against her for not doing the loan..They are trying to say when I spoke to them today that they are investigating the issue (what issue she did not want the loan after we both talked about it) I feel they are harassing her now..and she is getting so upset
The APS wants to interview her and myself. and they said that before it goes to the DA. What the hell is going on?
Is this a scam tactic from the bank? and retaliating for not closing on the loan?