I did not choose EMC, my loan was sold to EMC in November from First Horizon Mortgage Company, and from day one nothing but problems. The loan is a PITI (Principal/Interest/Taxes/Insurance)
All payments made on time, always. They initially claimed there was no insurance on the home and placed a "Force-Pay" Insurance premium of $8,000.00 draining the escrow account out and then taking monthly payments that were to be applied toward the Principal and Interest to the negative escrow account. W
Hen they could not get a forebearance from me I insisted on having the problem resolved, there was ALWAYS insurance on the property, they sold the loan to Wells Fargo/ASC and they promptly put it into foreclosure. I have hired a foreclosure attorney to handle this and I have a mediation scheduled for 10/10.
Perhaps Wells Fargo can go after EMC, certainly I am not paying one dime more then I owe. I will pursue the Attorney General here in Florida and in Texas and any other party that can possibly help us all!..
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