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Option One Mortgage / Predatory Lending

1 Los Angeles, CA, United States Review updated:
Contact information:

We are looking into the possibility of a class action complaint against Option One Mortgage, American Home Service and H&R Block concerning subprime loans based upon unverified (or even inflated) stated income, and where the ratio of monthly loan service to monthly (actual) income is greater than 50% after the teaser rate expires. If your loan meets these criteria and you are interested, email me at [protected]

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  • Va
      17th of Jun, 2008
    0 Votes
    Option One Mortgage - Option one lies, steals, and cheats the disabled
    Option One Mortgage
    United States

    I have had option one for about two years, and due to my illness which is not contagious or curable ... Parkinson’s. They keep harassing us for payment and late fees along with attorney fees, they stood on my lawn beggaring me for a payment and taking pictures. We called to get our balance for a payment and they told us they cannot accept it because our house went to foreclosure, so they did make an arrangement WOW... 4500 due then and 10 payments of 2900.00. I said we have a hard time with 2300 because of my disability how am I to do 2900 I was put on an ARM that means it will only get worse. I NEED HELP. They told us they would rather have the house. I'm ready to have legal action if you are all ready to go with us. I'm disabled, five kids and a wife. They said if we didn’t adhere to this deal our stuff will be on the street.

  • Re
      8th 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 if not for you, best of luck. In all your endeavors.

  • Ba
      14th of Jul, 2016
    0 Votes
    Option One Mortgage - Rip off
    Option One Mortgage
    United States

    I purchased a home in 2006. Option One was the mortgage company. During the economic mess I contacted Option One to redo my mortgage or I would probably lose the house. Because my wife lost her job. Option One stated to me I didnt make enough money to redo the loan.

    I was making more money now. Then when they gave me the loan. So now i did not make enough? I was the onle one listed on the loan. SO my wife income did not matter. I filed bankruptcy and asked Option one to reconsider. They still said no. I said come and get the house then. WTF CROOKS

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