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Yale Mortgage Corp

Posted:    

Scam Loan

Complaint Rating:  71 % with 14 votes
71% 14
3.55
Contact information:
Yale Mortgage Corp
4100 NE 2nd Ave #206 Miami, FL 33137
Miami, Florida
United States
Phone: 305 531 6997
My elderly mother was scammed out of her house. Yale Mtg. gave my Mom a loan that was at 19% and a payment of $4390.46. they approved a loan that was way more than my mother brings home, knowing she wouldn't be able to make the payments and they would get her home. This should be illegal. DON'T DO BUSINESS WITH THIS COMPANY!!! THEY ARE CROOKS!!!
Complaint comments Comments (8) Complaint country United States Complaint category Mortgage Companies
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Comments

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 29th of May, 2009 by    +2 Votes
I agree .I took over my mother in laws $900 a month loan and have been paying $1000 a month for a year MY MORTGAGE IS DUE MAY FIRST and it is now May 26th and they continually call and harass me at work, they are rude and intrusive .I own a childcare center and they always talk to me like a low life and try to provoke me into an argument. I was told i have to send in $2000 now or foreclosure procedures will start but i am still in the month my mortgage is late.F these people!!! That work for probably $7 an hour ..the bullying tactics need to stop!!!
 29th of Apr, 2012 by    +1 Votes
i agree they are crooks who bully hard working people out of there homes knowing how the ecomony is right now and they give you these outrages loans with high rates becuase in the long run they know you can not pay it and it is so sad it happend to me im a mother of 4 i became very ill and could not work so i was on disability and they knew how much i can bring home & on top of that the value of the house is not what they cliame it is ad that has alot to do with the loan as well so to make long story short my house went under forclosure they never could sell the house so now they rent it out them self for 1, 650 a month which it is still to high for a old house and its funny becuase my mortgage was 2, 400 a momth and did not include tax! and i was paying that for 2 years str8
 24th of May, 2012 by    +1 Votes
Yale mortgage are criminals... SPecially Woody the owner of the company.. This is what happened to Yale Mortgage: Throughout the years they bought loans to sell them in the stock market until one day stingy Woody became greedy and decided to keep them longer than they were supposed to when all of a sudden the market went upside down(what we're still still living today 2012) suddenly they kept thousands of loans that were completely upside down and now they harras people to eventually take their homes away... PLEASE don't do bussiness with these people... They took away our house and for what they said (and what Iread online) they plan on becoming lanlords... What a bunch of jokers specially Woody and his wife which was pregnant at the time I went to the meeting... I wish them the best but hopefully they won't stay in bussiness long because their crooks... WOODY you got GREEDY!!!
 19th of Feb, 2013 by    0 Votes
Anyone, once Yale file foreclosure how long does it take before it's finalized. 30 - 60 days, just need to get an ideal how long I have to get out of here. It's too stressful to try and reason with these folks. Refinancing thru these folks was a mistake.
 15th of Jul, 2013 by    0 Votes
Would anyone be kind enough to offer suggestions on how to best defend a foreclosure case against them ?
Let me know if I can be of any help.
Thank you.
 25th of Mar, 2014 by    0 Votes
If you walk away does it hurt your credit
 10th of Sep, 2014 by    0 Votes
I'm having the same problem
 10th of Oct, 2016 by    +2 Votes
Yale Mortgage is a crooked company .My husband and I took over payments from my sister in law after she refinanced back in 2006, she bought the house in 1996, and had already been here for 10 yrs, she couldn't afford the new monthly rates that Yale was throwing at her every month, always ranging from 1000-1400, so we agreed to take over and pay her loan off .We now have been here for 10 yrs as well, and over the past 10 yrs, we have fought with Yale numerous times, because so many times they have scammed us, they threatened us many times that we had to send in 2000-4000 ASAP to "keep our house " and at first we did send it in because they bullied us, we then looked into them and refused to send large amounts after we found out that they are scammers. A few times the people who work in the office, sent letters that we did not pay for 2 months, and demanded back pay for the 2 mo for the mortgage. I started keeping every receipt, and told the manager that Id fax over proof of payment, after I faxed over my receipts, I then called and nobody awnsered my call, that was back in 2010, that really was low of them to not respond. In 2012, they sent our house to foreclosure, and we had no idea, until they once again demanded to collect a large amount from us. Last year we got a letter that they are going to foreclose once again, Our lawyer advised us that they are a predatory company. The house is suppose to go up for forclosure this month, and this time we have had enough. We decided its best to not deal with this company that has caused so much stress on our family. Our loan pay off amount is way more then what it should be, and we are not giving not one more penny to Yale. We are saddened to leave our family home of 20 yrs, our neighbors that are like family, and the neighborhood we love. I hope that Yale is someday accountable for what they are doing.

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