Homecomings Financial
Ripoff I am disabled and was led to believe I was signing a 30 yr fixed rate when indeed they tricked me into a 2 yr arm and a prepayment penalty if I choose to refinance or sell my property. What direction or rights do I have?

Business & Finance

I am disabled and was led to believe by homecomings financial when refinancing my loan that I was getting a 30 yr fixed rate. Well first loan was through them and it was a 2 yr arm they had me tricked into signing a 2 yr arm of interest rate up to 14%. Again They charged 6000 more on refiance and also have a prepayment penalty If I would want to refiance or sell the home.

They will not work with me on this situation to save my home and my payment went up 300 a month. This happened in oct 05 and now I cannot make payments and they are foreclosing on my property I was rushed through the closing and now I know why. Please if anyone can give advice to help me to save my home and make them use fair practices by law.


Company: Homecomings Financial
Country: USA
State: Texas
City: Dallas
Address: P.o. Box890036
Phone: 8002062901
  <     >  

RELATED COMPLAINTS

Homecomings Financial
Mortgage rates

Ameriquest Mortgage
Predatory lending unethical business practices and whats with this prepayment penalty

Ameriquest Mortgage
Rip-off deceptive company fraudulent

Litton Loan Servicing Mortgage
Loan Sold to Litton With 3yr Prepayment Penalty SLIPPED In/No escrow allowed

Homecomings Financial
Misled rIPOFF

Homecomings Financial
Ripoff Would not refinance without a $10 or $11 thousand down payment

Washington Mutual Home Loans
Fraud, Lied, Bait & Switched ripoff liars victimized us

AMC Mortgage Services - Ameriquest
Liar loan 2yr fixed rate w/3 yr prepayment penalty of $12k or more ripoff

Nationwide Discount Home Loans & Countrywide Mortgage
Predatory Lending - They did not honer the refinance agreement

Residential Mortgage Concepts
Ripoff bait and switch on prepayment penalty offered no prepayment until closing doc switched at closing