I lent my son money to purchase a house. He stopped paying me back. I initiated a lawsuit against him for over $80,000. He sold the house about a year later and without my knowledge used the proceeds of the house as a down-payment on a new house.
About five weeks prior to the closing on the new house, I called the mortgage company and told them about the litigation, including the court filing number. The mortgage loan coordinator said they would only approve the mortgage if there was up to $5000 in litigation. The mortgage loan coordinator said there must be over $5000 if this was a loan for a house. I said yes, my son owes me over $80,000. The loan coordinator said, no the mortgage will not be approved. I also mentioned that I didn't think my son was disclosing the $80,000+ in litigation on the mortgage application.
However, about five weeks later they closed on the house, even though the mortgage loan coordinator had assured me they would not approve the mortgage.
Was mortgage fraud committed by my son?
Was mortgage fraud committed by the mortgage company since I informed them of the litigation approximately five weeks before the closing?
I read this article on your website: https://www.mortgageloan.com/mortgage-fraud/about
This sentence is a quote from that article, "While mortgage fraud is more prevalent than in previous years, it is also prosecuted on a more regular basis by the FBI and other national, state and local law enforcement agencies."
What are the national, state and local law enforcement agencies that I should report this matter to?
What is the procedure?
This happened in New York State.
Any advice and direction you can give me will be appreciated. Thank you.