My husband myself had taken a trip to Europe for a few months and many thousands of dollars had been taken from our account and verified by the bank and the payments to Homecomings had been made but the money in my account was gone to cover the checks. On our return from Europe I had received a letter in the mail from an attorney representing Homecomings Financial in Texas. The summons I had received stipulated that my mortgage was in default and if I did not pay more than $2,000.00 that my home would be foreclosed on. I immediately sent a check to the attorney who was demanding this money and a letter stating that if this is not in compliance please advise. I heard nothing back from the attorney but got my check back in the mail from Homecomings stating that my home was going to be auctioned off.
I immediately contacted my attorney and subsequently filed a Chapter 13. It has been since 2001 that this has been ongoing and the attorney was fired and another attorney took the case and finished the Chapter 13. The court ordered the Chapter 13 to be in compliance and everyone of concern was paid including Homecomings. Nearly two weeks went by and I received a registered letter in the mail from Homecomings stating I owed another $7,000.00 (Homecomings now in contempt) of the Chapter 13 ruling. I have checked on Homecomings and found them not to be a legitimate mortgage company but under the cover of "real estate." Homecomings is a real estate company according to the BBB in the Northeast, sidelining in mortgages.in any event, I will fight tooth and nail. I am fortunate in that my company, large Maine based company, has done dealings in the past with GMAC through purchasing vehicles, updating realestate selling and buying, and we have decided that Homecomings with not get anymore of our business through GMAC, or GM or whatever they want to call themselves.
It will be interesting to see what will happen with the "contempt of court issue that will be arising." Many of us "overextend ourselves" and are put in a position to do business with these companies often not knowing we are actually dealing with them, so for everyone's benefit get rid of those credit cards, do that home improvement yourself even though it may take a little longer, work for yourselves and your families and last not but least know who you are doing business with, check with your local bank, its a good idea to get to know who "they are" as they are probably going to look at your as a real person not just a monthly check. My company will never do business with GM or GMAC and if we do expand it will be with a company locally owned and operated by people in the community. My new vehicles will be financed through my local bank, not GMAC or GM and any refinancing that needs to be done or purchasing more property for business use will be done locally by people I trust. Its time to stop the insanity by these "fly by night companies" who will often be someone they are not. Homecomings may acquire a few dollars but in the end they will lose millions... My message to them would be. From A to Z, as high as the sky, deep as the sea I send to them what they send to me, what you sew be what you reap.
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