I signed a purchase agreement to purchase a home for 249,000 last November 2014, I went for a VA loan and while the loan was being processed I had the option to lease it which I did, the lease was for 1 year with the monthly lease being applied toward the mortage. If the loan didnot close by June 30 2014 then the loan amount was to increase to 259,000. Because i leased it during the loan process I waas told I had to place 8,000 into an escrow account and I also had to pay 1750.00 upfront deposit for the lease. I paid 1750.00 a month for the lease and for some reason every 3 months I had to pay an additional 5,000 that was called good faith money that was supposed to be placed into the escrow account. All together I paid 11 months 1750.00 for the lease 15,000 total for the 3 times I was charged 5000.00 The VA approved the loan in Feb. I was never informed of this instead I spent 11 months compling with everything the lender asked for, I had to send them my paystub every two weeks and copies of my bank statements monthly, The process dragged on an on and when it went beyond the June 30 date the loan amount increased to the agreed upon price of 259,000. I was always put into a high pressure situation where I had to sign escrow extentions or I was told the seller would cancel the whole deal including the lease agreement, I only had so much money to start with and I couldn't afford to lose the funds I put into escrow so I had no choice but to continue. The escrow finally closed on Oct. 28th 1 day before I would have had to pay 1750 for another months lease and 5,000 for another extension. No one was present during the signing only the notorary who could explain the loan only tell me where i had to sign. If I didn't sign the escrow papers that morning I was told the whole process would have to start over. I wasn't able to sit and read every document until late that night after work, I discovered that none of the lease paymernts went toward the loan and that the loan amount had been increased so that the 15,000 and the 8,100 were covered. I ended up with a 283,000 loan when it was to be 259,000 with all the money I had invested to date being returned and the monthly lease being applied toward the 259,000. The amount of the mortgage
is different depending on which document you look at on 1 it shows it as 265,000 another shows it as 273,000 and another shows it as 283,000. The seller is a Century 21 agent with his own office in Rosamond, the agent I went thru is a Century 21 agent out of an office in Palmdale. The listing agent works for the seller out of his office. I cannot afford to lose all that money, I was constantly pressed to sign extensions asap. I am not familiar with real estate I relied on my agent to ensure everything went as it should. I need help getting back the funds that were literally stolen from me I worked hard for what I had and that money was for other purposes. They knew how much I had and milked me for almost every dime before they finally decided to close, My agent had made a remark earlier on that there had been a previous buyer for the home who also leased it during the escrow process but after leasing it for a few months they could they were unable to qualify and had to cancel the escrow they apparently lost everything they had invested also.