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FBI: Mortgage Fraud Is Rampant in U.S.

Fraud is running rampant in the nation's mortgage industry, with nearly three times as many reports of suspicious activity so far this year compared with 2001, a top FBI official said Friday.

"It has the potential to be an epidemic," said Chris Swecker, FBI assistant director for criminal investigations.

from Yahoo!

Category: FRAUD ALERTS
Posted on September 18, 2004 at 11:13 AM | Permalink

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Avoid these crooks. I have been fighting Homeq for 14 months. They lie, cheat, steal, bully... They claim I owe they 22K in junk fees for a 72K loan. They screwed this one up from the beginning and they refuse to fix their error. I have the proof. But it does not matter to them. I have had a lawyer for 8 months and Homeq keeps delaying. They will not deal. They take your funds and refuse to do the correct thing with the money. The law protects them! Not us!

Posted by: Ann J at Oct 7, 2009 11:06:34 AM

The Declaration of Independence clearly states that our government is charged with protecting or safety and happiness. The 10th Amendment states that powers not vested to the United States Government or state governments then rest in the power of the people. Clearly the United states government and state government show no power over Homecomings Financial so under the 10th Amendment we the people have the power to do what we must to protect ourselves. Predatory lending is a crime which, a contract entered into under false pretences is not a valid contract. If the government wishes to claim the power resides with them then they are in violation of the 14th amendment of equal protection under the law. Write your congressman and explain this because if they dont wish to protect those they are appointed to govern then the people have the right to modify government as established in the Declaration of Independence. Peacefully and legally

Posted by: Jerry at Feb 14, 2009 8:14:55 AM

It's been over a year since we lost our home.
I fought with Washington Mutual for over two years trying to over come each devistating blow from their mortgage servicing department but they just kept coming one after another. Had I not been on the recieving end, I would never belive that these people are getting away with ruining hard working, honest people's lives and futures and those of their children. The toll it takes on you not only financially but physically and emotionally is great. Loved ones will advise you "Move on" and "Let it go" WHERE IS THE JUSTICE? I wish you all the best in your efforts.

Posted by: Jill Doherty at May 21, 2008 1:54:39 AM

It's been over a year since we lost our home.
I fought with Washington Mutual for over two years trying to over come each devistating blow from their mortgage servicing department but they just kept coming one after another. Had I not been on the recieving end, I would never belive that these people are getting away with ruining hard working, honest people's lives and futures and those of their children. The toll it takes on you not only financially but physically and emotionally is great. Loved ones will advise you "Move on" and "Let it go" WHERE IS THE JUSTICE? I wish you all the best in your efforts.

Posted by: Jill Doherty at May 21, 2008 1:49:09 AM

ONE WORD { RESCISSION } RESEARCH IT VERY USEFUL.....HOW MINOR MISTAKES CAN UPEND

A MORTGAGE RESEARCH THIS

TOPIC..... I AM GOING THROUGH ALL OF THE SAME POST AND THEMSOME....GOODLUCK ALL..

Posted by: J at Mar 4, 2008 4:20:33 PM

we have homecommings also, we were never able to refi our home with anyone because we had a 18,000 dollar prepay penalty on a 300,000 loan, finally after 2 years of waiting, we were finally in a position to refi, lo, and behold homecomings, let us know the year before we missed a payment in october and they just let us know the following year, which was a lie!!!!!!!!!, now our payments went from 2170 to 4,0000, yes , we all need to get together and sue the hell out of them!!!!enough is enough!!!!!! anyone interested please let me know my email address is rosalinej1@verizon.net

Posted by: rosaline at Jan 7, 2008 12:33:57 PM

we have homecommings also, we were never able to refi our home with anyone because we had a 18,000 dollar prepay penalty on a 300,000 loan, finally after 2 years of waiting, we were finally in a position to refi, lo, and behold homecomings, let us know the year before we missed a payment in october and they just let us know the following year, which was a lie!!!!!!!!!, now our payments went from 2170 to 4,0000, yes , we all need to get together and sue the hell out of them!!!!enough is enough!!!!!! anyone interested please let me know my email address is rosalinej1@verizon.net

Posted by: rosaline at Jan 7, 2008 12:32:56 PM

CALL THE COO of HomEq. His number is listed below. I am in a situation with HomeQ where my home is going to foreclose because we are short $2800. They will not approve a shortage of $2800. So instaed of getting 140,000 they want the full $142,800. We of course cannot come up with the money, so it will foreclosure. So please, do me a favor, call the piss out of this man and let him know just how you feel! Oh, and if you get his voicemail, press 0 then # to get his assistant. Good luck everyone!

Keith Becker COO - HomeQ Servicing
916-339-6134

Press 0# to get his assistant, she actually answers the phone.

Posted by: Guest at Nov 29, 2007 9:17:07 AM

yes, homecommings is doing everything in thier power to take our home, they first will put you on hold for at least 30 min to just reach collections, and then another 30 to reach loss prevention people. The Loss Prevention does not allow any direct calls or contact. many messages left, they have never once in two months ever returned a phone call. They refuse to contact our real estate agent. Just tonight I have tried to just get a payoff amount for our real estate agent they refused to give me that info, saying it would take over 10 days to provide that. We have sent several short sales over the orginal loan ammount and they refuse to accept any of them.
Their collection people threaten all sort of illegal actions and even say they want to foreclose.
Anyone using them are just wanting to lose thier home. This is the worst loan company I have ever dealt with.

Posted by: Chuck Klughart at Nov 15, 2007 2:30:39 PM

I, too have a mortgage through Homeq, and I have never in my life had so many issues. This is not my first mortgage---I have perfect credit with all my mortgages, except for Homeq! I had no choice on having a mortgage with this company. Like with most mortgage companies, ours was sold from Wilmington Finance (who is now part of legal action for misrepresenting funds on closing costs).

We are human beings. We all make mistakes, and we all have problems due to the economy. Layoff's in America are causing many people, especially those over 35 unable to find work that is at the same compensation as to what they had before. Some jobs, like my husband's (he is a bus driver) are affected by freak weather that we have been experiencing for several years. We get sick, and get huge bills causing us to have problems with our finances, and then fall trap into using credit cards to pay our other bills--like our mortgage when there is no income coming. This is something the mortgage companies need to take into account and, instead of immediately trying to take more money from us (when we obviously don't have enough as it is), and instead, work with us in order to pay our debts, so we get back on our feet again. Let's face it--foreclosure is no good for anyone. The company loses out, the person that owns the house loses everything, etc. Isn't it much more logical to work with the client than to condemn them, harass them and finally, take the property that ends up hurting everything, including our economy.

We were on time and always early on our mortgage with Homeq for years. Then, Colorado had heavy snow storms, that ended up closing roads from Kansas for weeks. This happened in November of 2006, and my husband is a bus driver. He could not work, and doesn't get compensated unless he does. This is an act of nature. There was no other work at the time. The bus company he works for has ski charters all winter, but were unable to continue until all the roads were opened again.

We fell behind one month. I immediately called Homeq, and explained the situation. I talked to a very nice man that told me, I could go on a payment plan for 6 months, which helped us immensely. He told me that, I could skip December's payment, and then begin the repayment plan in January. I praised God for this, for it helped us immensely. Again, this was only ONE MONTH that we were late. We had no paychecks coming in until they cleared the roads from Kansas to Colorado--about 2 weeks, before drivers stranded in Colorado could get back and the new charters could start going through (many charters were canceled afterwards because of this).

The rep was very understanding, read me my rights over the phone, told me I was being recorded, etc. I got confirmation in the mail and began repayment--and also began a nightmare with Homeq.

What the rep failed to tell me was that, my grace period no longer applied during repayment. The letter I received also has nothing on it to tell me this. My husband gets paid every 2 weeks, so his check didn't come in until January 2. Well, the repayment was for Jan. 1. I paid the mortgage on January 3, but it didn't clear with homeq until January 6th, even though I had a confirmation number.

Instead of putting on my credit report that I was 30 days late, they have that I was 6 months late, even though I was on a repayment plan. Because I paid on the 3rd of January, I was in breach of my contract (supposedly) and was marked late AGAIN because of this.

When I called to argue this and get it off my credit report I was told that, I was late and I was disclosed this information when the employee talked to me. I told them that, it was recorded that day and to listen to the entire conversation. If it was told to me, I would apologize and not go any further. However, I took my tax income and paid off my one month that was late in February, and should not have marks on there for being late in December, January AND February. I was told again that, they couldn't review the conversation for it was already gone (since it was recorded in December), and that, even though I was paid up, I was still considered late, due to the repayment contract stating I was to pay on the first of the month, as told to me "over the phone", which I know was never told to me.

So, even though I paid at the end of December, on Jan. 3, and paid the arrears in FULL in February, I still have negative marks of being late--even though I have electronic check confirmation numbers to PROVE I paid as stated.

To make matters worse, I sent a payment, electronically on March 13. I received a confirmation number as well, and it was directly sent to Homeq. However, it wasn't credited to my account until March 15--again, putting a LATE mark on my credit report, even though I have proof of payment on my checking account of it being transferred immediately.

So now, I have one of the lovely ARM's, which I figured I would just refinance when the time came. Thanks to Homeq, I can't refinance because our credit is so poor, showing 4 months of late's, even though I only had one month of late. I have investigations going through all credit reporting agencies, and am fighting this. However, I still cannot refinance until this is taken off my record--this brought my credit down to 582, which makes it very hard to refinance with because we are not rich enough to own a 401K, the employer we have doesn't offer one, and with a credit score now that low, we can't find anyone that will take the risk--why? Because, it is the MORTGAGE we were shown late with!

I will say this--I have never had a bad rep call me. They are always very nice. It is the company I have a problem with, and what they are doing to the people that have loans through them. I also get called on the 1st of every month. I am now paying electronically on the 31st of the month before--but it isn't being credited by Homeq until the 2nd. My grace period is still the 15th, and I am paying early..yet, I still receive a call every 1st of the month, where i have to read the confirmation number to them, every time--and then get an apology for the call (you would think they would record this and check for incoming transfers, before putting us in for a collection call).

I am disgusted. We had good credit until this all happened. This was a freak issue with weather, and we immediately took action and called Homeq to let them no. We never tried to not pay our debt, but tried to work with them, which we thought was happening. Ever since, it has been pure hell.

I am a Christian and I know I must be responsible for our debts. I have never, once tried to not repay my duties. I just could not do it on the date it was due, and tried to explain the circumstances--yet, only got into hot water because of my honesty and wanting to make things right. How can a company do this? What good does it do for everyone involved?

The foreclosure rate, due to arm's is supposed to rise this coming year, unless the government does something. If this happens, our economy slide even more. I don't know how I am going to pay the 250.00 more a month for my loan, so I can't imagine how those who are really struggling, due to loss of income are going to survive this either. The only ones that will make out on this are the ones that make money off of the misfortune of others--greedy landlords that take the property for nothing, fix them up a bit and resell them--or these mlm companies that sell you foreclosure lists and then have you try to bid on these houses (which is almost impossible, since there are the wealthy that can make cash payments that day, and you just can't outbid them).

We need to all get together and fight this company. Heck, I don't know who to write but I am willing to get on the podium and start fighting for what is right and stopping what is wrong. Homeq should offer a refinance for those unable to pay for the arm rising rate. They should offer SOMETHING==after all, their site insists that they value their customers. Is it the customers that they value, or their wallets?

Sorry, I went off on a tangent but..This is so wrong. I am praying that, someone in government takes a look at these practices and realizes that, something is desperately wrong because of so many having it happen to them (and it not just being those that truly are deadbeats), and force these mortgage companies to do something so our country does not go into foreclosure hell.

God bless you all that have gone through it. You are absolutely right, no matter what "employee" says you are not, and I have a checking account that can prove it, as I am sure you do to.

Posted by: Kelly Berrigan at Nov 10, 2007 12:18:41 PM

I, too have a mortgage through Homeq, and I have never in my life had so many issues. This is not my first mortgage---I have perfect credit with all my mortgages, except for Homeq! I had no choice on having a mortgage with this company. Like with most mortgage companies, ours was sold from Wilmington Finance (who is now part of legal action for misrepresenting funds on closing costs).

We are human beings. We all make mistakes, and we all have problems due to the economy. Layoff's in America are causing many people, especially those over 35 unable to find work that is at the same compensation as to what they had before. Some jobs, like my husband's (he is a bus driver) are affected by freak weather that we have been experiencing for several years. We get sick, and get huge bills causing us to have problems with our finances, and then fall trap into using credit cards to pay our other bills--like our mortgage when there is no income coming. This is something the mortgage companies need to take into account and, instead of immediately trying to take more money from us (when we obviously don't have enough as it is), and instead, work with us in order to pay our debts, so we get back on our feet again. Let's face it--foreclosure is no good for anyone. The company loses out, the person that owns the house loses everything, etc. Isn't it much more logical to work with the client than to condemn them, harass them and finally, take the property that ends up hurting everything, including our economy.

We were on time and always early on our mortgage with Homeq for years. Then, Colorado had heavy snow storms, that ended up closing roads from Kansas for weeks. This happened in November of 2006, and my husband is a bus driver. He could not work, and doesn't get compensated unless he does. This is an act of nature. There was no other work at the time. The bus company he works for has ski charters all winter, but were unable to continue until all the roads were opened again.

We fell behind one month. I immediately called Homeq, and explained the situation. I talked to a very nice man that told me, I could go on a payment plan for 6 months, which helped us immensely. He told me that, I could skip December's payment, and then begin the repayment plan in January. I praised God for this, for it helped us immensely. Again, this was only ONE MONTH that we were late. We had no paychecks coming in until they cleared the roads from Kansas to Colorado--about 2 weeks, before drivers stranded in Colorado could get back and the new charters could start going through (many charters were canceled afterwards because of this).

The rep was very understanding, read me my rights over the phone, told me I was being recorded, etc. I got confirmation in the mail and began repayment--and also began a nightmare with Homeq.

What the rep failed to tell me was that, my grace period no longer applied during repayment. The letter I received also has nothing on it to tell me this. My husband gets paid every 2 weeks, so his check didn't come in until January 2. Well, the repayment was for Jan. 1. I paid the mortgage on January 3, but it didn't clear with homeq until January 6th, even though I had a confirmation number.

Instead of putting on my credit report that I was 30 days late, they have that I was 6 months late, even though I was on a repayment plan. Because I paid on the 3rd of January, I was in breach of my contract (supposedly) and was marked late AGAIN because of this.

When I called to argue this and get it off my credit report I was told that, I was late and I was disclosed this information when the employee talked to me. I told them that, it was recorded that day and to listen to the entire conversation. If it was told to me, I would apologize and not go any further. However, I took my tax income and paid off my one month that was late in February, and should not have marks on there for being late in December, January AND February. I was told again that, they couldn't review the conversation for it was already gone (since it was recorded in December), and that, even though I was paid up, I was still considered late, due to the repayment contract stating I was to pay on the first of the month, as told to me "over the phone", which I know was never told to me.

So, even though I paid at the end of December, on Jan. 3, and paid the arrears in FULL in February, I still have negative marks of being late--even though I have electronic check confirmation numbers to PROVE I paid as stated.

To make matters worse, I sent a payment, electronically on March 13. I received a confirmation number as well, and it was directly sent to Homeq. However, it wasn't credited to my account until March 15--again, putting a LATE mark on my credit report, even though I have proof of payment on my checking account of it being transferred immediately.

So now, I have one of the lovely ARM's, which I figured I would just refinance when the time came. Thanks to Homeq, I can't refinance because our credit is so poor, showing 4 months of late's, even though I only had one month of late. I have investigations going through all credit reporting agencies, and am fighting this. However, I still cannot refinance until this is taken off my record--this brought my credit down to 582, which makes it very hard to refinance with because we are not rich enough to own a 401K, the employer we have doesn't offer one, and with a credit score now that low, we can't find anyone that will take the risk--why? Because, it is the MORTGAGE we were shown late with!

I will say this--I have never had a bad rep call me. They are always very nice. It is the company I have a problem with, and what they are doing to the people that have loans through them. I also get called on the 1st of every month. I am now paying electronically on the 31st of the month before--but it isn't being credited by Homeq until the 2nd. My grace period is still the 15th, and I am paying early..yet, I still receive a call every 1st of the month, where i have to read the confirmation number to them, every time--and then get an apology for the call (you would think they would record this and check for incoming transfers, before putting us in for a collection call).

I am disgusted. We had good credit until this all happened. This was a freak issue with weather, and we immediately took action and called Homeq to let them no. We never tried to not pay our debt, but tried to work with them, which we thought was happening. Ever since, it has been pure hell.

I am a Christian and I know I must be responsible for our debts. I have never, once tried to not repay my duties. I just could not do it on the date it was due, and tried to explain the circumstances--yet, only got into hot water because of my honesty and wanting to make things right. How can a company do this? What good does it do for everyone involved?

The foreclosure rate, due to arm's is supposed to rise this coming year, unless the government does something. If this happens, our economy slide even more. I don't know how I am going to pay the 250.00 more a month for my loan, so I can't imagine how those who are really struggling, due to loss of income are going to survive this either. The only ones that will make out on this are the ones that make money off of the misfortune of others--greedy landlords that take the property for nothing, fix them up a bit and resell them--or these mlm companies that sell you foreclosure lists and then have you try to bid on these houses (which is almost impossible, since there are the wealthy that can make cash payments that day, and you just can't outbid them).

We need to all get together and fight this company. Heck, I don't know who to write but I am willing to get on the podium and start fighting for what is right and stopping what is wrong. Homeq should offer a refinance for those unable to pay for the arm rising rate. They should offer SOMETHING==after all, their site insists that they value their customers. Is it the customers that they value, or their wallets?

Sorry, I went off on a tangent but..This is so wrong. I am praying that, someone in government takes a look at these practices and realizes that, something is desperately wrong because of so many having it happen to them (and it not just being those that truly are deadbeats), and force these mortgage companies to do something so our country does not go into foreclosure hell.

God bless you all that have gone through it. You are absolutely right, no matter what "employee" says you are not, and I have a checking account that can prove it, as I am sure you do to.

Posted by: Kelly Berrigan at Nov 10, 2007 12:18:30 PM

I have had similar dealings with a mortgage servicer. HomEq Servicing. They claim that 2 checks that were paid by phone were "dishonored". That's what the letter stated that I received from them. The funny thing is that we made these payments on June 19 and June 29 which would have made our payments current through June. It took them until the second of June (they say) to find out our first check did not go through. At that time I called HomEq to find out what the problem was. The female I talked to stated that my first check had been "duplicated" but my second check was fine and was applied to our May payment. After checking with my bank, I found out that HomEq had lied to us. The check was not duplicated and the bank assured me that even if it was they could have still cashed it. On the 13 of July we again received a call from HomEq that our second check was also "dishonored". By this time I am beginning to get suspicious.
On August 17 I filed a complaint with the BBB. I received HomEq's response on Sept. 30. In this letter they stated that the two checks were returned due to "account not found". First time we EVER heard about this. Why would it take 14 days to discover if their was no such account. And if the "account not found" for the first check, why would they even send the second check through? We were never contacted by HomEq after June 19 to correct any information. This was an absolute lie. They would have known the day that they sent the check through if there was no such account. It clearly states on their statement that if you make a pay by phone check or assisted check by phone that your account will be credited that same day if you pay before 2 p.m. Pacific Time. Our payments were made well before. There are numerous complaints about HomEq on ripoffreport.com. After I realized that they were trying to pull a fast one on us, I got on the internet and since then have discovered that there are so many loan servicing scams. I don't think there is an honest one out there. No one we talked to during this whole mess would give us a straight answer. They were rude, threatening and dishonest. We all need to fight and stand together.

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Posted by: Mr Leo at May 22, 2007 3:41:37 AM

ther killing me too

Posted by: john at Apr 13, 2007 8:22:12 AM

ther killing me too

Posted by: john at Apr 13, 2007 8:22:08 AM

Oh My Goodness!!!! I thought I was alone...these stories are similar to mine. I have also tried to talk to the attorney hired by Homecomings and never a phone call back...I always felt like I was such a bad person for a bad thing that happened to us. Had I known that there were all these problems I never would have used them...

Posted by: Dorothy at Feb 13, 2007 5:00:17 PM

I also have Homeccomings Financial as Mortgage company, without previous notification, they sent to me a letter that I will have to start to pay $208 more for excrows/taxes concept estimation, my previous payments was for $1581.00 and now I will have to pay $1789.00. It is somenthing that we could do about it?

Posted by: Jorge Nelson Guerra Sagas at Feb 6, 2007 8:25:29 AM

Why in the world didn't ANY of you get a hold of the loan officer who originated the loan and ask for help? As a mortgage broker for 25 years I have helped countless people with problems like these without experiencing any problems

Posted by: James at Dec 28, 2006 11:52:12 AM

Homecommings,is the worst of the worst. We received a notice from them, stateing that We had to pay a certain amount in past due amts. they had added $22000 in intreste on to our loan which was arm that kept rising every year. So we did the next best thing we moved out.They want us to deed the property over to them. But we said no,they decided to allow us to get a realtor to sell home. Please donot ever let these people get there hands on your mortage"

Posted by: JKT at Dec 14, 2006 6:41:17 PM

Folks, what you may be experiencing is not mortgage fraud as investigated by the FBI but mortgage *SERVICING* fraud as investigated by virtually no one. I have been fighting my own illegal foreclosure instigated by Fairbanks Capital n/k/a Select Portfolio Servicing for nearly 5 years now. For more info on my own situation please feel free to visit www.getdshirtz.com . For more info on mortgage servicing fraud in general visit www.msfraud.org

Posted by: Mike Dillon at Dec 12, 2006 1:44:56 PM

Temple-Inland did it to me in '99. It's a canned approach to taking your home to resell for profit.

TI double-billed me and then tried to foreclose when I refused to make double-payments. I knew they were after my equity, so I sold the home and sued. Went to court with all the documented proof of the loan being current, mis-application of payments, overcharging and FCRA violations (they reported a foreclosure to the agencies, even though I sold the home myself!!)

The explosive finale came when we finally got to trial. The judge, John Meyer, beat ME up, never looked at the evidence and slapped ME with a judgement, forcing me to file BK. I ended up homeless. The home was 2/3 paid for.

Homeowners are not going to tolerate this. If law enforcement doesn't do it's job, there is going to be vigilanteeism.

See MSFraud.org and post your stories there.

Posted by: Stephen at Dec 12, 2006 1:29:56 PM

We to have Homecommings Finantual, Our morgage was sold to them, we have paid all sorts of finace charges for God knows what, and keep getting over due statements in the mail,everytime we call to speak to the same person they are not available, reading all the complaints about this company is scary. I think we all should band together and place a suite on this company.

Posted by: Victoria Tanaka at Aug 4, 2006 9:44:52 AM

This is a copy of the complaint I have entered with the Texas Attorney Generals office. The url to the other site I found had been removed, other then that, this is word for word.

Description of complaint:
We purchased our home in August of 2004, setting up direct payment out of peters military retirement of %639.74 per month. In November of 2004 we received a letter from the finance company stating they did not have information concerning our homeowners insurance and told us that we needed to provide said information or they would place their own insurance on the home. We contacted our insurance agent, Kevin Coats of Farmers Insurance, who assured us that we had current homeowners insurance and that they would contact the finance company and give them whatever information needed. After Mr. Coats office contacted Homecommings, they called us back to let us know that they had faxed over the requested information and everything was fine.

In February of 2005, Homecommings financial placed hazard insurance on our home, knowing full well that we had homeowners insurance, and placing an escrow on our account without notifying us of the change. Our mortgage payment requested was well over $1000 for the month of February. We did not catch it because we knew our house payment was being made and did not look at the statement until the first of 2006. In July of 2005 Homecommings contacted us again stating that we had not paid our property taxes for 2004. During closing it was understood that the seller would cover 2004 taxes as we had not lived in the home for most of the 2004 tax year. Additionally we did not receive a tax bill for 2004 taxes owed. However I contacted the tax offices, both Leander School and Travis County, and made arrangements to pay the taxes. the first payment was to be in August of 2005. When I went to Leander tax office to make the first payment, I was told that the taxes were paid in full. they had no information on who paid them, and I assumed the seller had done as he had said he would. I later found out that it was Homecommings who paid them, placing another escrow account on our loan without notifying us of doing so. In fact the first time we heard anything from them as to the raising of our mortgage payments due to these escrows was in Dec of 2005. We also did not receive a tax bill for 2005, and not knowing exactly when the bills came out we thought that maybe it was going to be the first of 2006.

In December of 2005, we received a certified letter informing us that we were in default on the loan. We immediately contacted Homecomings Financial and were told that our mortgage payment was now $945, and that no payment had been received since October of 2005. We questioned the amount stating that by contract our mortgage was $639.74, at which time they informed us of the escrow for 2004 and 2005 taxes. We told them that this was not correct and we had not been informed of the change. We also informed them that we had entered an agreement with both Leander School and Travis county to pay the 2004 taxes and had not received a bill for the 2005 taxes. They told us that Leander School had demanded payment of taxes so they "took them over". When I went to the Leander School tax office in the process of filing for Bankruptcy to get the acess value of the property, I mentioned to the tax collector that Homecommings had said that they had demanded payment. He told me that those statements were false and that the finance company had requested the tax information. Additionally, because of the request, we would not see any tax bills as they were going to the finance company. He also stated that I would be amazed at how often finance companies pulled stuff like this and that someone should call them on it. We also stated that they were getting the mortgage as an allotment from Defense Finance Cleveland (Military Retirement) and that the payment was sent to them on the first of each month by the government. The first person we talked to could not give us any information on why the payments were not either received or credited to our account. He also got very rude and told us to either refinance or sell our home. The conversation ended there. We called back again shortly thereafter and talked to Mrs. Harris. She talked to us for quite some time and stated that our payments were $880, and not the $945 we were told earlier. We expressed concern over the amount but thought that we could pull together the extra over the amount that DFAS could send them, approx $80, and that we would pay the escrows off with our income tax return. She transferred us to their credit counselor and we discussed ways we could make adjustments. The Homecommings credit counselor then told us that she would present the agreement to Mrs. Harris, and that all should be well. We received a letter from the credit counselor stating that all was fine and for us to go by the agreement we discussed. We also talked to DFAS and discovered that in Oct of 2005, Homecommings contacted them demanding more money then what was allotted to cover the now higher note, again there had been no contact to us concerning the matter at that time. DFAS, because it was more then the amount Peter receives as retirement, and because they had not heard from Peter making any changes in the allotment amount, froze the account and did not send Homecommings the payment for November and December.

In January 2006(a Monday evening), a Homecommings representative left a "last chance" message on our voice mail. I called them and asked what was meant by the message. Treavor stated that we had to have $945 on his desk via western union by Tuesday morning, or they would begin foreclosure proceedings. I stated that I did not have that much, and was waiting on a paycheck to send the agreed upon $880 but that I could send $756 overnight if need be. He demanded the $945, and denied any agreement had been made. His statement basically was that we had not called them back after talking to the counselor to confirm the agreement, which we were not told to do. he also stated that they had sent numerous "no contact" letters and made numerous attempts to call us and were told that our number was not a valid number. I asked him to give me the number he was using, and it was the very same number upon which the "last chance" message was left. I then asked to talk to Mrs. Harris, and was told that she had nothing to do with the account anymore, and that I had to talk to him. Again he insisted on $945 by the next morning. I became quite upset, (crying) and again told him I did not have that much. He became belligerent, and told me the conversation was over. I told him fine, that he left us no choice but to file for bankruptcy, and the conversation ended there. I contacted our attorney via Email that evening. Shortly after talking with the attorney, Ms. Nan Koziolek sent us some forms to fill out about the property and our finances. We filled them out and sent a letter telling her that we were in the process of filing for Bankruptcy, and faxed both to her on Jan 26, 2006. We have not heard from her since. We filed for Chapter 13 bankruptcy on March 3, 2006, with no credit card debt, and minor bills added.

I had no intention of reporting this originally, and honestly wasn’t sure should, or even could until I found a website in which there are over 190 complaints from all over the country against Homecommings Financial. Reading through many of these complaints I discovered that Homecommings had engaged in the exact same tactics with many other homeowners, and that they were just as uncooperative with them as they had been with us. I have also discovered that there are some class action suits pending against Homecommings for these very same practices.

Posted by: Cindy at May 12, 2006 2:45:26 AM

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Posted by: electrical at Nov 27, 2005 4:18:05 PM

I did not realize the extent of this dispicable company. Here I thought I was alone. They have set my forclosure date and I had an investor lined up to buy my home. I called requesting a payoff balance. I got some jerk that was very abusive over the phone, but did say he would send it out. Guess what it never came. I called back and was told that THEIR lawyers had to request it. I called THEIR lawyers and the person I talked to was very nice, but she has requested the payoff TWICE from them and has been unable to get it! The house is only worth about 40k but I guess they must think that is something to them. Oh and they keep sending letters offering to help me out, but each time I fill out their financial statement forms they all say Sorry there is nothing we can do. So all I can say is take it!

Posted by: Carl at Sep 22, 2005 3:09:15 PM

I was robbed from the beginning with homecomming. I have paid them thousands, yet not one dollar has been placed for principal.
I need to sell my home, yet they over quoted the amount my home is worth. I can't sell my home and get what I need to pay them off. I also was charged about 3-4 thousand in closing costs for a 15,000 loan. I am paying interest on that money too.

Stay away from this loan company.....

Posted by: roy at Aug 24, 2005 10:27:30 AM

My husband and I are having issues also. My husband lost his job last year which caused major financial strain. I contacted Homecommings to see if there are any programs available for hardships and they said no. Since then we have been 30 days late several times and are now currently 60 days behind. We have checked into selling, but there is a 6% of the loan amount prepay penalty, this leaves us upsidedown. I have spoken to homecommings to get pay off info and I was told that they charge $25 to fax it to us, so it was mailed. Also, they asked if we could make a payment, I told them that I could make a partial payment, and was told that they do NOT take partial payments. Then, after recieving the payoff info, it was stated in there that they were charging us $37 per day that we are late making a payment. (this is ontop of the regular late charges)
Also, they are charging is other fees which make no sense (property inspection, etc.)

We are now looking at bankruptcy, which I would imagine, they do not want us to do, but still no help from them.

We need help/advice desperatly!!!!!

Posted by: Kim at Aug 5, 2005 8:10:00 PM

I have Homecommings financial for a mortgage company and have been over charged hundreds of dollars each month and if I do not pay it my payments are marked as late and even though I have sent registered letters and been on the phone to them to get answers I never do.
They paid taxes on Another propert I own a farm which has nothing to do at all with the mortgaged property and added that amount on to my payments and even though sending letters and copies of paid taxes I sent my regular payments and they sent them back and within 3 months the property went into forclosure.

Posted by: Jeannie at Oct 22, 2004 4:45:00 AM