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8:54 pm EDT
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Home loan Disbursement of Home Loan Installment

Ref.: Loan Approval No.: AXIS BANK/PH_LNPHG_FLOATING/676494/RAC_NOIDA RAC/11-12 Dt. 21.11.2011.
We, Sanchit Goel & Priti Goel, were sanctioned an amount of Rupees Ten Lacs on Floating rate of interest linked to base rate for the payment of installments of a flat booked by us at Noida. Processing fee of Rs.5515.00 was paid to bank on 24.11.2011. The validity of this loan was 180 Days i.e. upto 21.05.2012. The loan application was got processed through authorized dealer M/s Victorius, Noida. While initial processing the application, the non-judicial stamp papers were procured by M/s Victorius from Delhi. The cost of the documents was born by me. M/s Ajnara, the builders, demanded the installment payment in March. The demand letter was forwarded to Axis bank for necessary disbursement. Till date the installment amount has not been disbursed. In April M/s Victorius told that stamp papers have to be procured again from Noida, as Delhi papers are not valid. Again the charges were borne by me. Now Axis bank authorities told that the loan cannot be on floating ROI. Due to this delayed disbursement the builder is imposing penal interest on me. Therefore why Axis bank should not bear this penal interest burden due to their lapses.
Kindly look into the matter for immediate solution please.
Thanking You
Regards
Sanchit Goel
[protected]

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6:09 am EDT
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Home loan 2 partpayment within 15 days

HDFC Maratha halli branch told me that I can not make 2 partpayment within 15 days for practical reasons.
They did not explain Practical reason. As far as I know there is no such rule about part payments.
Some Mr Rahul was sitting over there and he refused to give this in writing.
I called up the Mumbai head office and Talk to Ms Megha who also said the same thing and refused to take down the complaint. She even refused to give her full name or employee ID. She refused to log the conversation.

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5:48 pm EDT
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Home loan Deceptive Practices/Insurance Fraud

My mortgage was sold to Nationstar. I have made every payment on time (set it up to auto pay from my checking account). The mortgage is on a condo, and as part of the condo fee have insurance in the event of hail, fire, earthquake ect. In addition, I have an additional policy for $158, 000.00 the sale price of the real estate and personal contents. I also have PMI that I pay on a monthly basis. Since Nationstar acquired the mortgage they arbitrarily assigned their own insurance (note: turns out with investigation, from an insurance company they own) amounting to $10, 000 annually. They are currently escrowing the $10, 000 they arbitrarily assigned, as well as, assessing late charges for not paying an additional amount for insurance they felt was "necessary" to protect their interest. In addition, to this insult to injury, they are destroying my credit by reporting that I am not paying the $10, 000.00 additional insurance. Surely something can be done about the deceptive practices that this company.

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Update by Deceptive Practices/Insurance Fraud
Apr 29, 2011 5:49 pm EDT

My mortgage was sold to Nationstar. I have made every payment on time (set it up to auto pay from my checking account). The mortgage is on a condo, and as part of the condo fee have insurance in the event of hail, fire, earthquake ect. In addition, I have an additional policy for $158, 000.00 the sale price of the real estate and personal contents. I also have PMI that I pay on a monthly basis. Since Nationstar acquired the mortgage they arbitrarily assigned their own insurance (note: turns out with investigation, from an insurance company they own) amounting to $10, 000 annually. They are currently escrowing the $10, 000 they arbitrarily assigned, as well as, assessing late charges for not paying an additional amount for insurance they felt was "necessary" to protect their interest. In addition, to this insult to injury, they are destroying my credit by reporting that I am not paying the $10, 000.00 additional insurance. Surely something can be done about the deceptive practices that this company.

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LaTashia
Buffalo, US
May 03, 2011 6:19 pm EDT

I was in a restructure loan plan that expired in Jan. 2011. Now my mortgage payment is more than I can afford. My interest rate is 10.750% which I feel is way to high. I have decent credit and make my payments on time. I am in the process of applying for the making home loan affordable program but now after reading all these horror stories I don't know what to do. I can't afford to refiance with another company. So what do I Do?

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Wpayton5599
Bolingbrook, US
Apr 29, 2011 9:04 pm EDT
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Also, in a Condo situation, many mortgage companies are now requiring that you have an HO-6 or Condo Unit Owners policy. A Condo Unit Owners Policy will provide coverage for your property and liability. This is a separate policy from the Master Association Policy which just covers "common areas." Contact your insurance agent about this policy.

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Wpayton5599
Bolingbrook, US
Apr 29, 2011 9:01 pm EDT
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First, they cannot legally force you to buy insurance from the company they own. But, they can place insurance on the home if you do not have adequate insurance coverage. Provide an insurance declaration page showing that you had coverage during the time that is specified and request that they remove everything from your credit. Also, contact the credit rating bureaus and challenge the debt.

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1:57 am EDT
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Home loan poor service

YOu sending mails for new loans i had to tk car loan but not not from Kotak as till the time Bamk dosent get the approval from customer regarding he/she is taking loan till that time people (staff) would keep calling and taking care once it is one no one is even bothered about the same...

I have taken Home loan and i Guess u also aware about the case.First wen cheques were made a big GOOF UP was done by issuing wrong cheques was there no one to check weather cheque is prepared correctly or not.After all this mess got over on r4th I have been trying getting in touch with ur colleagues for my registry but nothing POSITIVE no response called manas said in meeting wud get back 4 days gone by nothing till now.Surender said wud checxk from legal and get back no response.Only bhupesh from DWARKA BRANCH(BRANCH MANGER) was helpfull.Gaurav had hius own things later though he did wht we had told him on 2nd august unncesary there were hasseles

WHT TYPE OF SERVICE U GIVE.I had so much expectations but now it is a bad experience of life taking a loan from you people.Would never recommend any1 to go with KOTAK as i have faced so much.its been 14 days no one is able to give me a answer where the registry is if u guys have got it REQUEST you to plz senbd me a copy as it is required by me.
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This is not the end of the issues THE PRE EMI was committed to be charged from 1st aug to 4th aug and was supposed to be deducted on 5th till now nothing has happened neither it has got deducted nor in written have got anything from you all..

Iam Sorry to say please stop torturing or would be forced and bound to take some step which i really dont want ..Need HELP PLZ REVERT ASAP.

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8:23 am EST
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Home loan Not received the cheque when loan was refused

I have applied for the home loan to HDFC home loan dept. Mr.Anil Goher was the agent who said that loan will be done as I had all the necessary documents. But my loan was refused because I am associated with one spiritual organisation & HDFC feared that I will donate the flat to the spiritual organisation. BUt I received the loan from DHFL and they gave loan in flat 10 days as I had all the necessary documents and they did it faster as I was associated with the spiritual organisation. This showed the difference in the value system of the two.
Now when I asked for my cheque, there is no communication from Mr.Anil Goher & Ms.Preeti who are looking after my file. Now it is more than 2 months, I am waiting for my cheque. My file no is [protected].

Please do the needful

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4:02 am EST
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Home loan Loan Disbursement

Hi,

I allready got sanction letter from ICICI and when i want money they told me that they will not going to fund this property. I have allready informed about the property before applying for loan, that's why i write below mail to icici.

ICICI really a true unprofessional bank who dont' care about their customers.

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I have applied for Home Loan for Rs.20 Lacs from ICICI and it took them 2 months to sanction it after my regular follow up with them. Day before yesterday (29.12.2017) I called and come to know that that Management has hold the decision to fund the Project/Property. I have already paid the booking amount and by the end of Jan ’2017, I need to pay the balance amount (I have opted for cash down).
I have no idea how a big Financial Organisation like ICICI can withdraw from their decision even though I have informed them the property I am planning to purchase before applying for loan. I am shocked that the Branch Manager Mr Manoj suggested me to look for some other bank. I have already paid the processing fee and the Sanction letter is with me. Whom should I contact so that my issue/problem is resolved ASAP? It clearly shows that ICICI sanction letter don’t have any importance and you are really true unprofessional bank who don’t’ care about their customer. In future I will try my best not to deal with your bank in any means and also try to close all the relationship with your bank. I have currently holding 3 bank account, 1 gold credit card, 1 loan account. I know this will not going to affect you or your business.
As I have already informed that I need to pay the balance amount by the end of Jan’2017, I hope to get an answer from you ASAP. Please look into this and do the needfull ASAP. "

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BARBARA T. STEELE
Modesto, US
Aug 24, 2013 12:37 pm EDT
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Why have millions of home owners lost they homes/equality?

Whose fault was this? Did you appraise your home? Were you the Bank and did you okay the appraised value (of course not). Why then are we being held responsible?
The Banks have sold millions of loans to Fannie & Freddie and are just servicing these loans and therefore were paid in full by the GOV. for this bad paper.
Have you been caught in the loan modification request paper jam? How many times has your Bank asked you to refresh your paper work because they could not complete a loan modification in a timely manner.
Some have lost their homes only to be sold by the Banks on a short sale or foreclosed upon. Many on these loans were 5/1 arms which were interest only. Once we acknowledged that our homes were worth less than the appraised value we had to relook at other options. Maybe the Banks would modified these loans and allow us to stay in our homes? Did the Banks lower the principal to the real market value or did they give you the option to short sale or just foreclose?
Many of us put large down payments on these houses from the equality that we had in a previous house. Others many have had what the Banks call a 5/1 arms which was interest only for 5 years. Yes, a lot of use paid this interest only for the five years to come to the conclusion at the end of the arms that we were so upside down that it made no sense to continue to throw good money back into a property which was worth less than what we purchased it for.
If we stopped paying on these bad loans and the Banks could not give us any help we had the option of a short sell or have your home be foreclosed upon.
The buyer of the short sell home now is able to purchase at a fair market value. Why did the Banks not offer us the original owners that put down payments and interest only for years that option to stay in their homes at the same sales price as they were selling your home to a new buyer? Does this make sense to anyone?
In my case my Washington Mutual was the Bank and later Chase took over. My home was to be my retirement home, so that I could retire near my children.
I have been asking for a loan modification for approx. 3 years.
The answer now to all of my hard work and refreshed paper work is Trial Loan Period. Why a Trial Loan Period? We were required to give all financial documents and therefore the Banks know that those that were offered a Trial Loan Period could make the payments. Do you know that you cannot pay for the 3 month Trial Loan period up front and must make each payment separately?
The Banks are not disclosing the final outcome if you completed the Trial Loan Period.
Why would anyone let the Banks continue to dangle a carrot in front of us and not disclose the end product? We purchase large ticket items everyday and we know what the return policy is. A Trial Loan Period without full disclosure is dishonest and misleading.
Let's all go to Vegas and gamble our money away at least we are aware that we can lose.
If we completed the Trial Loan Period and we do not like the offer will the Banks return our money (of course not).
I made a phone call to Chase and asked how did they calculate the monthly payment for my Trial Loan Period, answer they did not know. Well Chase I guess just throw darts, Chase underwriters know. Once again we are asked to trust these Banks and not demand full disclosure so that we many make a sound business decision.
What happened to honesty and those that turned the housing market upside down take responsibility and not continue to pass the buck to the home owner who had no knowledge that they market was being inflated, homes being sold to people that could not normally qualify.
Yes, I realize that some of the home owners many have taken advantage and borrowed on the inflated value and walked away, but in most cases this was not the norm.
I am being offered a Trial Loan Period, 3 months of payment or more. I am a senior and work full time. If Chase offers me a fixed loan after I complete the Trial Period and as an example gives me a 40 year fixed rate and does not reduce the principal my home would be paid off at the young age of 110. If I was to have to sell this property within 5 years in the locality that my home is in it would still be up side down so, what have I gained, nothing I am in the same spot and would still lose my home but have given Chase more money. Also keep in mind that all areas do not have the same recovery time.
If I leave my property to my children who are in their mid 40's they will be in their 70 when the property is paid off, and it still may not be worth what is owed once again my children would have to let the house go back to the Bank.

The solution is that we stand together and not allow the Banks/Gov. to make this our problem which it was not, let's turn this around!
Why are we the consumer not stepping up to the plate and demanding transparency for the Trial Loan Period?

Barbara Steele

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RVaughan
Loveland, US
Aug 26, 2011 3:59 pm EDT

When my wife had a heart attack I had to file Chapter 13. Recently I lost my job and got 1 payment behind on my mortgage.. GMAC lied to the court to get a motion for relief. They told the court I was 3 payments behind and false information about the value of my house, the amount I owe on it etc. The court granted the motion. GMAC finally found out their mistake and now wants to charge me $1500.00 in legal fees for a problem they caused. I have to go to court and hope I find an honest judge and get thier motion thrown out. If they told the truth to the court they wouldn't have got this motion. I had the money at the end of the month but they wouldn't except saying the matter was in their attorneys hands. When they called their attorney they wouldn't talk to me. If I loose the case they will just foreclose on my house for which they will get nothing and they can sue all they want. I own nothing and I will be drawing my Social Security soon.

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Sajan Bhatia
, IN
Apr 14, 2010 7:00 am EDT

Kaushik, [protected] working in recovery in New Delhi, Deer Park branch, B-6/7, DDA Community Centre, Safdarjung Enclave, New Delhi. He has such a bad attitude to speak with the customers, I am with Deutsche since it was BHW it is more than 5 years.
Due to some financial problem, my one EMI is pending which I have told to pay by next month. I want the provissional certificate for the year 2017-11 which needs to be deposited by 15th April'10, which on asking he litearly abused. I was shokked how can a person abuse his customer. I was in requestive mode but he banged the phone and told not to call unless you clear the dues. This is just rediculas on the behavior of your employee.
Please take the immediate action on this and revert back ASAP.

Mu email : sajanb@hdfcinsurance.com

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Ashley/Billy
Sand Springs, US
Feb 12, 2012 8:03 pm EST

We use to have our home mgt through Flagstar Bank. Then we were sold to Nation Star MGT. They are horrible. They have all these unexplained fees all the time. And as everyone knows your house payment is due on the 1st of the month and you have until the 16th to pay it without a late fee. If I do not make my house payment on the 1st of the month they call me every day until I do. Sometimes up to 10 times a day. Even on the weekends and even late into the evenings. I have never made a late house payment with them. it is always paid on time. They charge me for them having to call me to "remind" me as they say about my house payment. But when you want to call them you can not get someone on the phone. This company is horrible. I would give anything to get away from them.
STAY AWAY FROM NATIONSTAR MGT!

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Erica
,
Aug 21, 2008 9:51 am EDT

My loan was purchased by CitiMortgage on 5/1/08. I had been going along with no issues on my home loan previously, able to pay the invoice on line, look at my history etc. ... then came this.
I made my last payment on my mortgage to the old provider in April. I called CitiMortgage when I received their notice letter on 5/15/08 (14 days after they took over the loan) to make my May payment and find out all I could about who now held my mortgage.
Little did I know that this would be the first of many calls to try and straighten out a missing payment that was made at the time of the transfer of my loan - which by the way is still MIA.
I have spoken to 13 people - 5 of which are supervisors and have faxed and emailed a total of 9 times the same information to get this issue taken care of.
When my loan transferred to CitiMortgage it was around the same time my payment cleared the bank for the old provider, needless to say CitiMortgage stated I had not made that payment. I have provided them with a copy of my on line bank statement showing the payment along with the email confirmation that my old providers system sent out when you made a payment.
Again, my first contact was on 5/15/08 it is now 8/20/08 and I still do not have this rectified. As a consumer I do not have any other documents than what has been sent to them to prove that I made the payment. Three days ago I received my first letter from CitiMortgage regarding all of this and they tell me that the online bank statement that I sent (with my balances crossed out- none of ANY ones business) was not sufficient enough. They needed to see my balances. I could not believe it. First, why has it taken 3+ months for them to tell me this and second, why are the balances on my accounts necessary to them to see the payment being made and taken out of my account? It clearly shows that it was made, who it was made to and on what date with the amount.
I am at a loss on what else to do. I tried holding a payment as they had given me a note reference number stating that they would not report my account late to the credit bureau - which guess what- they have- and that did not work.
I did not ask to have my loan moved, I did not ask to speak to people and deal with people that do not care about their customers.
I just want my account fixed so I can go back to making my payment online once a month and not have to deal with anyone.

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M Williams
Houston, US
Jul 13, 2009 9:49 am EDT

My home loan was assigned to Wilshire Credit Corp. and then I later refinanced my home. The Title Company that was responsible for paying off my loan to Wilshire did not pay it in a timely manner. Even though each and every payment that I made to Wilshire prior to refinancing was in a timely manner and never late and they were aware that the home loan had been refinanced and I was not responsible for the late payment by the Title Company, they still (after repeated requests and disputes) refuse to remove the negative reporting to the credit bureau.

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AngryMichiganHomes
Sterlign Heights, US
Jun 10, 2010 6:10 pm EDT
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We have been workign with Everhome to go through a short sale on our house. WE finally get to the point where they say, we are going to approve the short sale, we are just waiting for one more document to be returned. Should be soon. Great News, Right?... That was until I get a call from the buyer that says, we are tryign to do the apprisal, , but cant get back in the house, the locks are changed. What? SO I rush over there to find my deadbolt pried out of the door and replaced with another. SO, now I can not get in my house and the buyer walks, thinking I am in foreclosure. I call Everhome and they say " we do that all the time". After talking to a lawyer, I find out that is illegal in Michigan. I call them back and really get into it. That is when I find out they are "taking bids" on our appliances, etc. I have just about lost it at this point. These guys are the worst bank I have ever dealt with. Complete liars. Will blow smoke up your A%& while they steal your wallet.

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SHAH FAIZ AHMED
,
Apr 15, 2008 11:38 pm EDT

Dear Sir,
I am a ICICI Home Loan customer. I took amounting to Rs. 2, 90, 000/- for construction of building in 2017. My Loan Account No. is LBNOD00000951712. I require urgently foreclosure certificate against this loan. My address of communication is HOUSE No. 5/1590, VASUNDHARA, GHAZIABAD-201010. My date of birth is 01/07/1974 and EMI of this Loan is Rs. 3841/- per month. I will be grateful if this certificate is sent at my e-mail address faizahmed1974@rediffmail.com. Thanking u.

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TPShaha
, IN
Aug 30, 2009 9:09 am EDT

Respected sir,

My Home loan A/c No is - LBSAR00000350226 in the name of Thakordas p Shaha & Rekha T. Shaha. This Loan is taken from Satara (Maharashatra)

I Need my home loan a/c statement & I pay EMI plus Extra money
But i don't know current status of my a/c
so please i request you give me a/c statement & Refund amount is it done by calculation

Thanking you

Regards,
Thakordas P Shaha
[protected]
[protected]

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Lynn Herman Conley
Grenada, US
Jul 12, 2012 3:23 pm EDT
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I was charged nearly $10, 000 dollars in interest on a $78, 000 loan that I paid off in less that a year and only received a refund check of $600.00 in August of 2017. The loan officer begged me not to pay it off, but I did anyway. I still have the paper work on the payoff.

Lynn H Conley (African American)

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12:20 am EDT
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Home loan Fraud Promotion

I wish to inform all through you that the Claim of “A HOME LOAN IN 6 DAYS” is totally a fake drive by Bank of Baroda. I am saying the same in purview of my Brother (Not mentioning the name) experience.
He is currently an employed with a software giant company in Kolkata, Sector 5. The company belongs to one of the India’s big business groups. My brother is working there for more than 5 yrs and currently drawing a CTC about 7 Lac per annum.

My brother had applied for the housing loan on 15th June 2009 and today date is 28th Aug 2009. Still the loan status is under processing and this is totally due to non-cooperation of the staffs & Bank Manager.

Now, it is you to decide whether to promote for them or check the truth of the matter and help others.

Regards,

Mr. Kunal Mitra & Associate(s)

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Santa.Kool
, IN
Aug 29, 2009 12:32 am EDT

Dear Friend,

I am also facing the same scenario and too in kolkata. But my friend out in Delhi had not faced the same situation. I think it is not the company but company's recruitment division, who had recruited lethargic people in their main stream service.

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12:00 am EST

Home loan Be careful when dealing with ICICI Home Loans

I am a salary a/c holder of ICICI Bank for last three year. I and my wife had applied for Home loan 5 months back. All proofs (includes originals and estimation coast) submitted and processing fee paid. One of the Technical people visited the site & he has demanded the some amount on the spot. After that the person who took technical value, he has given total building construction cost 11 lacks out of 25 lacks worth cost. For that I have raised below request numbers of request for second time technical valuation with different person, but ultimately no use and after that they promised me to ready to give 15 lacks. So finally I have approached with another bank (One of the Icici bank competitor) and got the sanction amount of 25 lacks.

These are the request numbers:
Application number: [protected]
1) Request no: [protected] on 01/11/07
2) Request no: [protected] on 08/11/07
3) Request no: Request no. not received on 12/11/07
4) Request no: [protected] on 15/11/07
5) Request no: Request no. not received on 28/11/07

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