Posted On: July 7, 2008, 1:43 pm CDT

Posted By: Dawn

I'll assume you're not a senior citizen. We deal with a large number of them in our personal lines department. They believe that reading/explaining is what we get paid for. A lot of them are actually incapable of reading the contracts and understanding them. And I know that if we fail to do our job properly, WE are going to be the ones to 'make it right'. Why should mortgage brokers be any different?

I hope your parents never become the victim of a scam. They won't get any help from you.

And even when you read the 'fine print' the translation can be 'slanted' to misrepresent what it really says.

I have no sympathy or desire to help someone making minimum wage that took on a $500K home. I do, however, feel that brokers have some responsiblity for the average person trying to do the right thing that got scammed by them.