We recently purchased a home through one lending company, and the loan was promtly sold to Homecomings Financial after one payment to the original lender. Since that has occured, we have been told our loan is in DEFAULT and our payments are delinquit. They (Homecomings) claim to have never received their first payment from us. This is 100% incorrect, they were to have received this from the original mortgage co.
We have spoken to many differant people from both companies and nobody seams to know anything. We have faxed the copies of the original cashed checks, along with the letters from both mortgage companies, and have still not heard if the situation is resolved.
We received a letter that our account was being reviewed and we should receive notice in 30 days. We shall See?
After reading the stories on this site, it is very frightening that this can keep going on and is apparently legal? This is our first home and it is ridiculous to be treated this way. We have made every payment on time to the directed mortgage company and this is the result??
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