Homecomings Financial
Homecomings is a total ripp-off, scamming, fraudulent Company! They keep raising our interest rate!

Hello everyone. I am so glad I am not alone in this. My husband and I decided to get a refi/home equity loan in 2003. We bought our house originally in 1996 witha fixed rate conventional loan. It is an older home built in the 1800's and needed some renovations so that is why we did the refi. Well, we had no idea we were signing for an insane ARM rate loan. We had gone to a mortgage broker and they told us it was a fixed rate at 8.25. It was actually an ARM and the cap was at 15.25%! Our mortgage was sold about 3 time and we ended up with Homecomings or like one poster here she calls them Hellcomings!

My husband took a large paycut and we fell behind 2 months on our mortgage. Homecomings refused to work with us so we filed Chapter 13. Hellcomings late fees are the most outrageous I've ever seen by the way. Anyway, we have been in our chapter 13 plan for a little over 2 years and have made all the payments. Homecomings then suddenly and without notifying us raised our rate last Jan. To 11.25% That put us overplan on chapter 13 because we are not paying enough into the plan all because Hellcomings keeps raising our interest rate.

I have been working with a woman from Homecomings in the bankruptcy dept. For weeks as has our attorney. This woman from Homecomings PROMISED me on the phone that they would not foreclose and they would work out a modification of our loan so our house payment would be affordable. They asked us to fax all info to them like, paycheck stubs, expenses, etc... Which we did. Then they sent out a local realtor to appraise our home. I was so relieved at the time because I believed every word from her and she did nothing but lie to me on the phone! We just got a statement from Hellcomings and they raised our interest rate again. They also added more late fees which now total to $17,000. It was $14,000 last month and we still cannot fugure how they can charge such high late fees and even our attorney can't figure what they are all for.

Well, it looks like we are going to lose our dream home that we've literally put blood, sweat and tears into. My son is autistic and he does not take to change well at all. The school he attends, he receives occupational therapy, he has an aide and a speech therapist. He is making progress and to have to move and go to a new school will probbaly erase all the progress we've made with him. How do I tell my little boy we are losing the house he loves and the friends that took him so long to make?

I am in tears daily over what this company has put us through. I feel close to a nervous breakdown because we have had so many tradegies in our life and now this. I have no idea where we will go or do.

Thanks for reading this and all you other victims of this horrific mortgage company stand up and fight for our rights! I want to contact the media, and be a part of any class action suit that will surely be coming to them.

Company: Homecomings Financial
Country: USA
State: Iowa
City: Waterloo
Address: 3451 Hammond Ave
Phone: 8004823530

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