Meredian Targets Homeowners In Fake Mortgage Refinance Scam

Homeowner's nationwide may have been cheated out of hundreds of thousands of dollars when Meredian Financial Corp. pretended to be their current lender and charged homeowners bogus fees for mortgage refinancing services that were never actually performed.

If you paid a bogus fee from Meredian’s refi scam, we want to talk with you – you may have a legal claim for a refund. We have successfully represented homeowners across the country in cases dealing with financial loss due to other unfair and unlawful mortgage practices. Fill out our free case review and someone from our office will follow up with you shortly.

How Does The Meredian Refi Scam Work?

According to a Star Tribune article, California-based Meredian called homeowners pretending to be the homeowner’s current mortgage company, offering to help refinance their current loan. They would convince homeowners to pay a one-time "lock-in fee" promised to be credited back at the closing – typically $900-$1400. Meredian would persuade homeowners with false promises of low fixed rates, no appraisal requirement, no costs associated with the refinance, and that they were already approved – all in order to get the homeowner to pay this one-time upfront fee to lock in a rate. However, once Meredian got the money, they would stop working on the loan, avoid taking any calls from the homeowner, and refuse to provide any refund.

Zimmerman Reed has a long track record of challenging the deceptive business practices of unscrupulous mortgage companies in court. We have represented homeowners across the country dealing with financial loss due to illegal mortgage practices. Many of our cases have been filed as class actions because the unscrupulous business practices employed were common to many consumers’ transactions. If you would like more information, or would just like a free initial consultation with a lawyer experienced in this type of litigation, please call 800.493.2827 or fill out an online free case review form below. We look forward to answering any questions you may have.