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MGC Mortgage / improper foreclosure

1 IL, United States Review updated:

To get to the point quickly so the pape doesn't time out...
My wife and I were served "complaint to foreclose" papers on Dec. 2nd 2010. Mortgage co. who is almost impossible to contact says we didn't pay our mortgage since Feb. 2010 and we are 9 thousand dollars in debt. Our checks were cashed money deducted from our checking act. I have the babk statements to prove this. Now we have to hire an attorney ( I have been out of work for a yr. after 24 yrs in business) and go to court. This has been a very tough time on us around the holidays. From what I have read, I is hard to beleive what they have done to "Good" people trying to live the american dream. Another blow in these difficult times. I hope we are able to win this battle. Good luck to the many others out there who are dealing with this and similar issues with their lender

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  • Ho
      8th of Feb, 2011
    0 Votes

    The regulating agency over Beal Bank/ MGC is FDIC. go to and choose the consumer protection page then quick links then hit consumer assistance. Fill out the on-line form check the little box tht allows them to investigate and send. For help with the foreclosure contact HUD immediately. I am so sorry for all of us. This not fair. Also, you can contact the Attorney General or Congressman in your state and Texas and ask them to intercede. Good luck!

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