Legal options against dishonest mortgage broker

[Anonymous]

If I have reason to believe a broker overstated income on an application and it went through, and now I'm defaulting, what, if any, are my options?  I know for sure this happened, and looks horrible for me.

[ShanetheMortgageMan]

Well since you signed for it, agreeing to the income on the final loan docs... I'd be very careful how you approach the situation... but there are a few things you could do.  Contact your attorney state general, contact the licensing division that licensed the loan officer (or his/her company), and lastly... contact the loan officer's employer so that person can get fired and will have a lesser chance of being able to do it again.  Another resource you might want to check into is http://www.loansafe.org/forum/index.php, it's operated by an attorney who is very familiar with foreclosure prevention services, and he might also have some advice for your specific situation.