Take advantage and not even a bat of the eye...These businesses prey upon the fear, of losing our homes. That's pathetic! They have the power and the duty to their mortgage holders, to be a part of the solution, yet, everyone is getting theirs, corperately. Great. These companies are being rewarded for being irresponsible. Why aren't more people, up in arms? My mortgage company hides behind, an LLC. And that division (HomEQ) takes pride in, being the 'muscle' for Wachovia's debt collection SS.
I signed an PITI loan in 2006, then Wachovia the bought loan, from Ace Mortgage, then rewrote my contract without my signature. Now the muscle wants taxes and Insurance for 2008 and 2009. Last year I didn't have the full amount for insurance, no problem them amertized it into my 30 loan. Now for the next 27 years of the loan, every year they buy the insurance, my mortgage payment goes up another 120 dollars a month. Do the math, I live on a fixed income. Disabled Vet and single, with a college aged son. Who needs the help? Shame on you Wachovia...