"Veteran homebuyers are accusing Veterans United Home Loans, owned by Mortgage Research Center, of falsely presenting itself as part of the federal government and steering borrowers toward more costly loans, according to a class-action lawsuit filed this week in Michigan. The complaint alleges that the private, for-profit corporation that's unaffiliated with the military designed its website to mislead homebuyers into believing it is connected to the U.S. Department of Veterans Affairs (VA)."
"The lawsuit was filed Wednesday in the U.S. District Court for the Western District of Missouri against Veterans United and Veterans Realty, owned by Realty Search Solutions LLC. Attorneys representing the plaintiffs said they have spoken with roughly half a dozen real estate agents and loan officers across the country with firsthand experience involving VA home loans. First, we believe Veterans United has engaged in blatantly illegal practices that have harmed homebuyers through predatory loan practices, Steve W. Berman, managing partner and co-founder of Hagens Berman, said in a statement. Second, Veterans United has sought to deceive our nation's military servicemembers by masquerading as affiliated with the U.S. Veterans Administration."
A class-action lawsuit filed in the U.S. District Court for the Western District of Missouri accuses Veterans United Home Loans and Veterans Realty of falsely presenting ties to the U.S. Department of Veterans Affairs and steering veterans into costlier loans. The complaint alleges the private, for-profit company and its website were designed to create a mistaken impression of VA affiliation. Multiple real estate agents and loan officers report losing business because veterans believe they must use Veterans United. Plaintiffs' attorneys say they interviewed several agents nationwide and allege predatory loan practices and deliberate deception of servicemembers.
Read at www.housingwire.com
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