My parents home has been put up for foreclosure sale in less than a month. People keep coming by, wanting to buy the house. No one from Homecomings financial has bothered to contact them concerning this matter and my mother swears she has been sending her payments and they have been accepted. She has seen a judge concerning this and he said if they didn't get the paperwork cleared up by the sale date that he would hold the mortgage company in contempt of court.
Homecomings financial is a GMAC company. GMAC holds the other half of the split mortgage. It's almost like they are trying to be confusing. The case number indicates it's coming from JP morgan chase bank and I'm assuming that's a bigger lender of homecomings financial and GMAC. People are calling all day everyday of the week to buy or refinance the house.
It's a racket. They are probably all affiliates of the same companies. I believe they look for one loophole and try to screw people out of their houses so they can either refinance it for more money or take it and jack up the price because of the booming housing market around here. I believe in making money the old fashioned way and I'm not impressed by people who push paperwork to make money.
Even if they manage to screw my parents out of their house I will still push for a lawsuit because of the trouble they have caused from the promises and agreements they've made, the credit they have disrupted and the money they have accepted. I hear there is a class action lawsuit pending from a law firm in New York. I have contacted them for more information and this may do no good but just for good measure. I'm writing a letter to the governor.
What is the point of them passing laws to help people with property taxes when rip-off companies are screwing people out of their homes? That's not helping what helped the economy in the first place, an opportunistic housing market among other things.
This company needs to be disassembled and bought out if these people can't make a living the honest way. It's one thing to bring interests rates up a bit but to sit around and think of ways to drive them up by constantly refinancing and trying to make people move and sell. How can live with themselves?
It's crap lke this that gives capitalism a bad name. What work have they done? NO work, just lies and scams.
My mother is going to see the judge again but even if they clear up their paperwork like he judge ORDERED them to do. I am still looking into that class action law suit because of the stress they have caused.
0 comments