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Homecomings Financial Mortgage / Stay away

1 United States Review updated:
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Absolutely the worst company on earth. Their business practices are the compliments of our Government which has given the financial institutions no reins. They are ruthless and care about the money which they will lose at the end. A good loan is better than a delinquent and foreclosed. If the financial institutions' greed was contained they would still be making money not going belly up. I am about ready to go belly up if the Home coming does not through for me. I seriously doubt if they did though. Somebody has to take a step and put every thing back where it belongs.

Va
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Comments

  • Re
      23rd of Jul, 2008
    0 Votes

    I agree with everyone on this comment board and I am so sorry to hear about all the trouble that you are all having. This is the reason I started my company. I have helped several people that have mortgages with ASC, Countrywide, and other mortgage companies that don't seem to care if they harass people or suck them dry. The comments I have heard are along the lines of trying to get blood from a stone or turnip, or something like that.

    Contrary to what some people have said on here, I am not trying to be one of those people I mentioned above. My company is a nationwide company that provides services for people that are at the end of their rope. One of the helpful things that we provide is letting you know, before payment for service, if we can assist you and if we can not. If we can not, we tell you why not and what can be done to allow our company to assist you. Most companies won't do that, but we will also give you the reasons why exactly so that, if you should choose a different service, they will not be able to scam you. Now that's a way of saving money too.

    I have a service that actually will take you out of the loop of contact with ASC, or Countrywide or whomever you have servicing your loan. All you have to do is tell me how we can help you. By that I mean, tell us what you are looking for us to do for you and we will pursue the help that you want, no matter what. We have all aspects of the mortgage business covered from being a mortgage mediation company, a title company, a real estate company, all the way to having access to attorneys for litigation or help to avoid foreclosure. No aspect of help is turned away.

    Let me tell you, most of the customers that I deal with have told me about the fear and the frustration of working with mortgage companies that don't seem to care or give them the runaround. To be totally fair, mortgage companies have their ways of dealing with people. Some are good, some are horrible. But one thing all mortgage companies love is being vague. When they are vague, they don't have to give you information until you ASK for it. How does that help you? How can you try to save your home if you don't know how to ask the right questions?

    That’s another reason why I created this company. I take your number out of their "system". When they mail you something, it goes to me. I take the burden away from you so you can live your life without the phone calls and the letters. And the rudeness!!! Oh, man, if I told you some of the stories I have heard...let's just say, it’s not pretty.

    I know that some people are going to look at this comment and go, this guy is trying to drum up business. Well, you're right. But here's the kicker. I used to work in mortgage collections. I used to make the phone calls and send the letters. I used to work around the people that make your lives hell. And I kept asking myself, why? Why are these people not being told about the help that’s readily available? Why are these people not being helped to make payment arrangements that are realistic? Why does this company care more about the money than about customer service when that is supposed to be their primary objective?

    That's why I got out. I can not stand collections. Just because they are hiding behind a company name they think that they can say anything or act anyway they like with the customers, being friendly with one and the next 40-50 they can treat like crap. Where is the customer service?

    I take all that frustration away from you and create solutions that work. I know that it may be hard to swallow, but I do. I have done it for several people. And I can do it for you too. If you want more specifics or just want to talk to me, call my office at 888-453-1518 and check out the website, which is being updated with a few new options available. And this isn't just for people facing foreclosure, people that are current and want to pay off their home early, call me. I can and will help as many people as I am able to. What have you got to lose? Website address is http://www.onlybusiness.com/members/RealtyMediationService...and if not for you, best of luck. In all your endeavors.

  • Va
      18th of Sep, 2008
    0 Votes
    Homecomings Financial Mortgage - Fraud and scam
    Homecomings
    United States
    homecomings.com

    When we started looking for a home here in California we knew right from the start exactly what we could afford. We told our real estate lady and the broker we were going with. That figure was 2500.00 per month and we wanted our insurance and taxes included. We found a house we liked and after a couple of negotiated offers we were told that it was no problem the mortgage would come in under our cap. We were ecstatic and closed within two months.

    About a year and a couple months down the road Homecomings Financial our lender sends us a letter stating they have to up the mortgage by 160.00 dollars because our house was reassessed and the value now requires this amount more to cover the taxes. I wrote this off as OK, if that's what they need fine.

    Approximately four months later we get another letter stating the same thing on like the 20th of the month but this time they want 450.00 more to cover the arrears we are in. This time I said whoa wait a minute. I dug up our closing paper work and found that we paid 1775.00 dollars at closing for a year in advance of the taxes that Homecomings Financial estimated they would be at that time. It took me all of 5 minutes to find out online what the laws are regarding taxes in California.

    Proposition 13 which was enacted in 1978 states that your taxes will be 1% of the assessed value or purchase price. Amend the end there's no questioning that. Seeing as we paid 360, 000.00 our taxes would be 3600.00 per year not the 1775 Homecomings so estimated. This is a very large financial institution and they don't know the LAW?? Nooo, they sure do know the law but had to get us to sign on the dotted line so came up with that bogus figure to keep us under our 2500.00 per month cap. Knowing all along they'd just up the ante somewhere down the line.

    I'm a layman as far as the law is concerned but this to me is outright fraud. Needless to say that first month which was less than 11 days from notice of the letter we paid our regular amount. We just couldn't afford the extra 460.00 dollars. Since then we've been able to scrape enough to make the payment but seeing as that payment wasn't assigned and every month thereafter gets put towards month before. We have now been charged a late fee and show our mortgage being paid late every month since. This is ###!!!

    Today I have received a letter from Homecomings stating our account is in default under the terms of our mortgage some 5002.82 dollars. If we don't work with the Loss Mitigation Dept we could go into foreclosure. We've made every payment but that one 460.00 dollar increase. I have got no clue what this 5, 000 dollar figure is.

    I'll let you all know as soon as can talk to someone there.

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