Before you jump on the wagon
actually, instant mortgage lending corp, helped hundreds of people pay off high interest rate credit cards bills, tax bills, reinstated 1st and 2nd mortgages that were in foreclosure, home owner insurance, medical bills, construction remodeling, and many other debt that the borrower was trying to get out of. unlike many other lending institutions IML was upfront with ALL of the fees and charges involved. ALL borrowers were more than willing to take the money being borrowed. unfortunately, some borrowers NEVER had any intention to pay back the money being borrowed. all loans were short term loans and the borrowers were supposed to refi or sell their home prior to the loan maturing. it's easy to point the finger now that home prices have dropped and the refi industry has vanished. don't be so quick to jump on that wagon, IML helped hundreds of people and there are ALWAYS going to be a few that will have complains now that they cannot refi and/or sell their home!
Washington, District Of Columbia
Instant Mortgage Lending aka Note Tracker Corp sued
Instant Mortgage Lending has been sued by several attorneys in Chico, CA for engaging in "predatory lending scheme" and among other things. The company owned by Israel Hechter lends and secures it with the person's house. The fees, cost, points charged are in investigation. This company is evicting a disabled woman from her home. Instant Mortgage Lending knew she had no income yet they lent her money. Chico woman has equity in her home and that is what this company conspired to get from the beginning. They will be investigated for all their loans in this state and plus.
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