Homecomings Financial, LLC
We barely escaped foreclosure! All of your stories sound "all too familiar"

I accidently found this website while searching for where to make my payments on the remaining balance of my "sold" home in Ohio. Our family sold our home in March. It was considered a "short-sale" (Thank God!). I did a lot of praying... We barely escaped foreclosure. Our paperwork was on the way to the attorney! However, there is a very long story behind this.

To give some background, I will start at the beginning. I was finishing college. Money was really tight and we fell behind in our payments. A letter defining the seriousness of the matter came, and we called to work out a payment arrangement. Honestly, I thought they were great... They sounded like they really wanted to help us get back on track. I still have no idea how me made $1600.00 monthly payments! We made these payments for a solid year via Western Union cash only payments. Then in October, we received a letter from Western Union saying that our payment was being sent back and that we should come to pick it up sometime within the following 10days. I literally went into panic! What did this mean? My husband and I thought that maybe the payment went to the wrong account. We called Homecomings right away. We were told that our payment was returned due to a loan modification. What did that mean? We are still unsure if this is a common practice for repayment plans, or if we actually asked them to re-evaluate our loan after a year of payments. They told us that after our August payment, our loan automatically went into "modification" status. Okay, so the payment that was coming back to us was for September. We had also just made a payment for October! We called to see what we should do about the October payment. They said we would receive another letter stating that our payment would need to be picked up. Wow, I was actually feeling pretty good. Maybe our loan modification would drop our payments! This never happened.in fact, we never heard anything about our loan! We were told not to worry, it was still in modification and not to make any payments.

During this time, I was offered a great job opportunity in Georgia. We put the house on the market in November. My nerves were starting to get the best of our family. I was very concerned about the market. What if our house didn't sell? As quickly as that thought entered, I shoved it out! Our house had to sell! Our prayers were answered! There was an offer that, more than, met our expectations.in fact, the offer met exactly what we needed to pay everyone (real estate agents, closing costs, etc.). We had called Homecomings for a "pay-off" amount and to let them know that our house had a contract to sell. My husband was told to fax the contract and that they would put this information in "notes". At this time (February), we found out that our loan was in trouble. Please keep in mind that we had made numerous attempts (verging on harassment) to find out the status of our loan over the prior months. We were told that we needed to make a $1000.00 payment to prevent foreclosure! What! The payment was made the next day via Western Union. P.S. We never received our October payment back.

When our realitor called to get an official pay-off balance, he was unable to attain this information because our account had been sent to a foreclosure attorney! So tell me. How much do you think they could have sold the house for under foreclosure? Not as much as our contract, that's for sure! They got their act together. Our house sold in March! With literally days to make sure the closing was still going to happen, we were told that we would have a balance remaining after the sale of the house. Not to worry, that they would open another loan for us to make payments on this amount. We didn't know what the amount was until after the closing! How about $18,000.00?! I guess this amount is better than foreclosure. As a sidebar, we have yet to receive any documentation on this amount (Are these attorney fees, late fees?). When I printed a detailed transaction history on our account, there are fees assessed for two months AFTER the sale date. We also received a letter stating that Homecomings was going to "force-place" homeowner's insurance on our mortgage if we didn't show proof of coverage. How do you get mortgage insurance when you have no home to insure? I just have to laugh. Are you kidding me! To end this very, very long story, upon calling Homecomings re: the insurance letter, the absence of documentation relating to the remaining balance owed, and interesting fees assessed after the sale date, we were told that they would be looking into this matter and to call back in a week. It is about time for us to call. Wish us luck!

Thanks for listening! If someone already has something in the works - class action lawsuit, feel free to contact us.

Nichole
Marietta, Georgia
U.S.A.

Company: Homecomings Financial, LLC
Country: USA
State: Texas
City: Dallas
Address: P.O. Box 890036, Dallas, TX
Phone: 18002062901

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