| I agree with the foregoing comments and have gone through them myself for the last 3 years!! I purchased my home with a healthy down payment, and the reason I had to use a sub-prime loan is because my income is irregular and I am non-profit. My loan was sold after a few months (bundled for selling for a greater profit, I learned), and I was the loser. ASC kept refusing my interest and principle payment of $1339. and demanded $1545. which was the price for escrow, despite the fact I PAID my own insurance and taxes for the escrow. The reason? They let my insurance LAPSE when they should have paid it and they paid LATE on the taxes. They make a bunch of money extra over and above the true cost of the insurance and the taxes, so they kept the rest and never refunded the extra amount, despite the fact they said they would refund the overage (Lie #1). Then, when I fell behind I asked if they would take a partial payment, No, only if I was on time in my payments. Then I asked if they would accept the $1339., NO, only the full escrow. Even AFTER I proved I PAID the insurance and taxes they still would not accept it despite the fact my original loan says they will if I proved I paid the insurance and taxes. Years later they slipped up in a letter concerning the adjusted payment going up and said if you pay the insurance and taxes, your interest/principle payment will be ($). Even after that they sent me letters saying they would NEVER accept payment without escrow included. Finally, they put me in foreclosure after I begged and pleaded to pay part of what I owed, asked for mediation (and got a rejection a month and a half later after they filed for foreclosure). They sent me all kinds of letters saying they would help and rejected anything I offered. To keep my house (I am elderly, on social security, and disabled, and a minority single female), I filed Bankruptcy to get their attention, as well as a lawyer to help. That did no good as they never returned the lawyer's requests for an accounting of payments they put on SUSPENCE rather than deducted from my account. I should have been pretty even after paying an extra $420. per month on top of the regular payments I made, but they kept adding on interest on top of interest, and my total grew instead of falling. At 9.1% interest, that is a bunch!! I had to agree to a 'drop dead' contract to allow them to file for foreclosure if I missed a payment again, so in order to screw me over the lawyer they hired to deal with me filed before I had missed a payment, so they said I was in default when I was only one month behind. I proved to my lawyer that I had paid the first month they claimed they didn't get, but it was listed on their online account as in 'suspence'. I had chosen to pay by mail as the telephone payments cost extra, AND THEY REFUSED TO TAKE THE $1339. without the extra escrow, no matter what I said. They also charged me $20. extra because they said I was late even after the Bankruptcy Judge changed the payment date to the 18th instead of the 1st of the month. (Gee, they don't recognize a Judge's legal decision?????) My lawyer said not to pay them anything until they give me an accurate accounting so, I will be back in foreclosure pretty soon. I have filed state and federal fraud complaints against them and will also file interstate fraud by mail as well, and recommend that everyone else, who is being cheated this way, do likewise. I think some people back east have the right idea as well, and that is to picket Wells Fargo Bank in your town, since they OWN ASC, as well as several other HIGH interest rate lending companies, they don't bother letting us know about. I think if enough of us do the above suggestions AND file a class action suit against them for fraud (and refunds and penalties) they won't treat us like dirt anymore. I am willing to spearhead the find a lawyer routine if you want to let me know of your stories, as well as online, so the lawyer can add the cases together and maybe we can give them a little of the garbage they have given us. I am actively seeking a lawyer, but if you know of one you think will take the case, let me know as well. The more that we can find to help the cause, the merrier the fun...which is a better way to think than acting like 'proper' victims!!! Send long detailed letters to Lori Volkers, P.O. Box 4505, Pocatello, Idaho, 83205-4505, so you don't swamp my e-mail too badly...I will respond, and I think we can will this battle!! |
Date
425 days ago by Lori Volkers 
449 days ago by Wessle103 
801 days ago by Nelson Velardo 
