Usacomplaints.com » Business & Finance » Complaint / Review: Countrywide Home Loans - Mortgage fraud, identity theft. #260891

Complaint / Review
Countrywide Home Loans
Mortgage fraud, identity theft

Our scenario involves a major mortgage lender and some very shady characters that have committed fraud in order to secure ownership of our property in South Orange County. Our home is our biggest asset and we planned on it someday funding our retirement.

It all began in we had fallen into default on our property and decided to seek help. We were referred to a credit repair person to help boost our credit in order to refinance our home. This individual in turn introduced us to a person he said could better assist us.

We were contacted by this individual who said he had an investor with an 800 FICO score which would come in and get a new loan for us at a much lower interest rate, however we would have to sell him the house and in 4 to six months, after they had time to clean up our credit, they would then secure us a new loan in our name and transfer the property back to us. Of course we were to make the payments on the new loan, which we did on time every month.

After a time we contacted these individuals about our credit clean-up and new loan. We asked them when the new loan would be in place and our property back in our names. They continued to give us the run-around and delayed the process with a different story each time we inquired about it.

Eventually we were contacted by another individual who said he was the assistant to the investor and he wanted to help us get our home back and that he was sorry that the other people had not followed through but he wanted to help. This new person proposed that he would do what the other persons failed to do but he wanted to help.

Later we found out that the original investor, had used a fraudulent SS numbers to secure a $1,350, 000.00 loan from a major lender to purchase our home, add to that we recently realized that the on the final sales contract our signatures and initials were forged.

This is where the story really starts to read like a mystery novel and I don't think we have enough space in this email to go through all the details. We're trying desperately to sort through this with our current attorney but the legal system is so slow and cumbersome and it seems at each turn the bad guys have a legal maneuver to further delay or impede process of getting our home back.

The mortgage company, has admitted that some these bad guys worked within their company and assisted in the loan process to push the fraudulent loan through. The mortgage company has yet to step up to assist us in any way and continues to delay their response to our inquiries.

We think we need your help from a consumer advocate, but are somewhat hesitant for a number of reasons. As we peel back the layers it points to a possible ring of individuals including loan brokers, mortgage and escrow companies that have worked together for several years to do these fradulant loans. We recently found out that the Countrywide office where these brokers and loan offices work was the highest grossing office in the country.

We're looking for anyone that may have ay knowledge regarding such practices at any Countrywide offices in the Glendale or Calabasas, CA area.

Loan fraud, identity theft, conspiracy are just a small sampling of the elements we're dealing with. We know you're not attorney's but if you can help us in any way, as consumers, regain rightful ownership of our home that we've lived in since 1997 we would be forever grateful to you.


Offender: Countrywide Home Loans

Country: USA   State: California   City: Calabasas
Address: 5220 Las Vergenes Rd

Category: Business & Finance

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