“I Want To Choke His Little Irish Neck!” Says Legally Blind Predatory Loan Victim About Contractor Who Played Role In Alleged Home Improvement Scam

In Astoria, Queens, iWatch News reports:

• Margaret Mosunic is 63 and a devout Christian, but if she ever encounters her building contractor again, she has a specific, violent plan of action. “I want to choke his little Irish neck,” she said in a recent interview in her home of more than 40 years in Queens, New York. As for the mortgage broker who recommended the contractor? “[He is] a devil in the disguise of a man,” she said.



• On Jan. 9, 2008, Thomas Delaney, a broker at Home Consultants, Inc., drove Mosunic to a law office to close what she thought was a $40,000 bank loan, according to a lawsuit filed by Mosunic in Queens County court. She planned to use the money to pay back taxes and make repairs to a downstairs rental apartment, she said.



• But that wasn’t the loan that the broker had asked the lender, Emigrant Mortgage Co. of New York to approve, Mosunic’s lawsuit alleges. An hour later, Mosunic claims, she stood on a street corner with a $20 bill that Delaney had pressed into her hand for cab fare, confused and upset.



• She had just signed her name to a $300,000 mortgage with terms she alleges she couldn’t possibly meet. Mosunic’s loan required a monthly payment of $2,227. At the time, her only income was a $738 monthly disability check. “I was flabbergasted and I was so upset,” Mosunic said when she got her first bill.

For more, see Borrower Nightmares: Disabled homeowner alleges broker, bank sold her mortgage she couldn’t afford.