ASC (America's Servicing Company) / Trying to get modification of loan
I was sold to this company in August 2006 from Fremont Investment & Loan (who are no longer in the mortgage business as of February 2007). I made my scheduled payment in September to Fremont because I was not aware I had been sold, I never received a letter from Fremont until I had made my September payment.
That payment was never applied to my loan with ASC and since then ASC has been saying that I never paid for September. However I managed to catch up the loan but late fees were assessed regardless. I applied for a loan modification in December 2006 with them to try and bring my account completely up to date.
They told me it would take 30-45 days before making a decision. I called to make an over the phone payment in January and they told me to abstain from making the payment until they notify me of the loan modification decision. In February I got the same answer.
Finally on March 19th I was served with foreclosure papers. I am required now to come up with a lot more money to reinstate my loan or lose my home. I have been given until the end of April to reinstate my loan or they will proceed with the foreclosure. I have been very dissatisfied with them from the beginning and when I did a Google Search on the Internet this morning to find their website, I found all these complaints and negative reports about ASC. I was stunned! I thought I was the only one! How can these people get away with this? They are ripping people off and no one seems to be able to do anything about it!
If anyone reading this knows what can be done or who we can go to, please post it on this site... Let's pull together and fight back!!!
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