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Saxon Mortgage Complaints - Pre-payment penality

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Saxon Mortgage

Posted: 2008-08-09 by Susan [send email]
Pre-payment penality
Complaint Rating:  0 % with 0 votes
Company information:
SAXON Mortgage
Fort Worth, Texas
United States

My husand and I purchased a home here in Dallas in March of 2007. We had a 2 year prepayment penalty not knowing we did. My husband got a transfer back to the state where we moved from. He had to take the job financially. There was no way we could afford the home in Texas and rent a place in the area we moved to. Our home closed on the 28th of July 2008. We had a pre-payment penalty of over $11, 000 and had to pay over $4000 in interest. I just think that having to move to another state because of a job transfer you should not be penalized so severly. No wonder people walk away from homes all over the US. I have tried numerous time to get the fee reduced but of course you can not speak to anyone there you have to fax them a letter. I have tried numerous times through out the day and their fax must not be working. Does anyone have a suggestion?
Comments United States Mortgage Companies
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Comments

57 days ago by Lisa S [send email]
FILE A COMPLAINT WITH THE FEDERAL TRADES COMMISION (WWW.FTC.COM) WE ARE IN THE SAME SITUATION AND IF WE UNITE AGAINST THIS CORRUPT LENDER THEY WILL ACT UPON IT. ITS THE LAW. THEY HAD TO PROVIDE DISCLOSURE OF PRE- PAYMENT PENALTY. SPREAD THE WORD.

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