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Wilshire Credit Corp Complaints - Bogus fees!

Review all Wilshire Credit Corp complaints

Wilshire Credit Corp

Posted: 2007-09-11 by Penni [send email]
Bogus fees!
Complaint Rating:  95 % with 20 votes
We have been charged a bpo fee, which is a brokers opinion fee, that was $100. We were not informed of this charge it was added to our sept 2007 payment without notice. After three disturbing phone calls to wilshire, nothing resolved. Furthermore, they requested copy of paid property taxes. We have faxed this to them five different times. Then we were told we used the wrong fax number to their company. This has been going on for six months. Listen to this people!!! On their letter head of the letter requesting tax payment, is the wrong fax number. This is how they added the bpo fee. Maybe they intend to foreclose on our home? Remember people, our payments are not behind, and all taxes and insurance has been paid in full.

Avoid this company people!
Comments United States Mortgage Companies
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Comments

228 days ago by Janis [send email]
We bought our home from a guy as a for sell by owner deal. The seller worked with a company that had something to do with mortgages and lending and the whole thing was done in two weeks from the first day we saw the house. That should have alerted us but we were so happy to be getting out of the bad neighborhood we were in. We didn't know there would be a second lein in the deal of $25, 000.00 until the day of closing of which originally was through the same home lender Accredited Home Lenders. A short time later the second lein was transfered to Wilshire Credit Corp. My husband and I aren't very in the know on home buying and didn't think very much about it at the time. But we have been making payment of $246.61 for the past six years and the total principal paid is barely $1000.00! They only credit us with $15.94 to $16.09 towards the principal per payment and nothing goes into Escrow and we still owe $24, 827.04 after 6 years!
I am 57 years old and disabled since buying the home and my husband is 62. I want to refinance the home and combine the 2 loans at a lower interest rate but after watching a special on TV about the shady home lenders I have no idea who to go through. I wish there was some legal action lawsiut that I could become a part of. They have really shafted the people and it is horrible what they are doing to us. Where do we turn for help? Isn't there anyway to get justice?
Please anyone email me if you have any advice that can help.
Thanks
Janis
190 days ago by Serge Jean [send email]
Our mortgage has jumped from $1478 a month to $2600. So far we have talked to many of their agents, and no one seemed to know why such a drastic jump. We have contacted Bill O'Reilly, Obama and Hilary. Only these folks can force Wilshire out of business.
149 days ago by Alex [send email]
How do we start a class action suit against this company for unscrupulous dealings?
140 days ago by Joyce [send email]
I am interested in participating in a lawsuit against Wilshire. I have documentation to back up my stories. Anyone with ANY info, please let me know.
Thanks
joycedur@yahoo.com
126 days ago by Indiana [send email]
We have owned our home for 9yrs before we refinaced in Oct 2006 within 2 weeks we were picked up by Wilshire Credit and within a month they said we did not have insurace on our home we had State Farm send over papers showing our coverage that is when they said that we had to have flood insurace on our home. We had never had flood insurace we have 11 acres and do have a creek at the back of our property but not close to the house so we sent mapping showing the flood level out here and they would not respond instead they added FORCED PLACED FLOOD INSURANCE on us at $445 per month. This is when we contacted our attorney and got him involved but they would not respond to him at all. So we continued to make our mortgage payment just not the extra $445 per month for several months until we got one of our payments back which was March 2007 when they sent out a Forclosure notice. Since then we have also had a FLOOD CERT. done on our propery showing that our house is not in the flood way and they still are not wanting to settle with us. We went to court on Friday and the Judge threw out our Flood Cert. and said we have 30days to pay back all payments including all attorney fees and court cost. We are waiting to hear what # Wilshire comes back with that we owe but this fight is not going to stop here. If there is anyone that has helpful information for us we would love to hear it. Please email it to me at shilkett@comcast.net
118 days ago by Dennis M. Halcomb [send email]
Please contact me about one of your clients.

thank you,

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