As an expecting mother, I trusted Fairway Independent Mortgage Corporation to guide me through the…read moreFHA loan process. Instead, I was misled into closing on a dangerously unsafe home due to negligence, document misrepresentation, and an apparent pattern of prioritizing profit over people.
Timeline of Events:
1. Serious Safety Issues Ignored Pre-Closing
Prior to closing, my inspection report and repair amendment listed several major hazards:
* Ungrounded electrical wiring
* Missing GFCI outlets in wet areas
* Active plumbing leaks
Despite these clear FHA violations, Fairway closed the loan without confirming repairs. As an FHA lender, they were responsible for ensuring the home met safety and habitability standards. They failed.
2. Misrepresentation by Loan Officer
Alisa Bailey, my loan officer, appeared helpful, but ultimately prioritized the transaction over my well-being. Rather than enforcing FHA safety compliance or the repair amendment, she allowed the closing to proceed, leaving me and my infant son in a hazardous home.
3. Falsified HUD Addendum
At my in-person closing on June 30, 2023, the HUD Addendum was not included. It was emailed to me via DocuSign on July 5, 2023--five days after closing. In a response to my Consumer Financial Protection Bureau (CFPB) complaint, Fairway falsely claimed I signed it on the closing date and retroactively altered the document date. I have timestamped proof showing this was not the case.
4. Collusion with Appraiser & Inflated Value
The property, built in 1961, had never been updated--yet the appraiser claimed it had brand-new plumbing and valued it far higher than its true condition justified. In reality, the pipes were so rotten and corroded that I developed a bone infection shortly after moving in, caused by exposure to contaminated water. The appraiser praised cosmetic paint jobs and minor aesthetics, disguising the home's complete lack of modernization and structural safety. Fairway accepted this inflated valuation without due diligence.
5. Dangerous Living Conditions Post-Closing
Since moving in, I've experienced:
* A gas leak, creating an immediate health hazard
* A roof that nearly collapsed, despite being listed as "new"
* Ongoing electrical safety risks
* Severe plumbing issues requiring out-of-pocket emergency repairs
* Worsened postpartum depression and anxiety as a result of these compounding stressors
6. Pattern of Avoiding Accountability
Fairway continues to deny wrongdoing, despite evidence. Their CFPB response included false statements and ignored submitted proof. I believe there is ongoing collusion between Fairway, the appraiser, and other industry professionals to push unqualified homes through the FHA pipeline and avoid regulatory consequences.
This has caused lasting financial, emotional, and physical harm to me and my child. Fairway had a responsibility to uphold federal standards, protect the borrower, and ensure document integrity. Instead, they enabled unsafe lending practices and continue to avoid accountability.
