MY loan bank FLAGSTAR Whom we gave 38,000 in cash and acquired a loan of137,000 for an 1,100 ft home. High enough...
but the real problems began when my son-in-law was transferred by the Federal government from Florida to Michigan. A request for mortgage assistance was requested. He was told that they were a collection company not a mortgage company. When ask how to contact the mortgage company, they said they did not know and hung up.
So after 8 years of not missing a single payment he stopped the payments for two months and finally the mortgage company called about foreclosing on the property. Weel sorry now you are not elegable for a request for mortgage, you can refinance but at a higher rate or we can foreclose on the property. stopped all payments again. ended up with a deed-in-lieu of and they still lied when they said nothing would be placed on the credit report.
30 years of an 800 credit score down the drain. never missed a single payment on anything until Nationstar started collecting homes to sell at todays rates...They have always acted as a collection agency not a mortgage company.
and the government gave them my tax dollars to steal my home with. Disabled Vietnam vet.
Product or Service Mentioned: Nationstar Mortgage Refinance.