Unfortunately, it appears we are all having the same problems with our mortgage/lender. Coincidence, I think not.
We refinanced in April through a Broker, known as Residential Loan Centers of America (RLCA) in Illinois. At the time we were on the brink of bankruptcy and I innocently thought this was a way out for us. As it turns out, RLCA also sold the mortgage of two other people that I know of, who refinanced through them to Homecomings Financial. I tend to do further investigation regarding both Homecomings, as well as RLCA because my intuition is telling me that RLCA may be receiving a kick back of foreclosures through Homecomings Financial.
With all these complaints against Homecomings, I believe legal action is both necessary, as well as mandatory so they can be shut down and not prey on other families. Ironically, our mortgage also went up $150.00 a month in less than a year of doing business with them.investigating this, it turns out this is known as "Predatory Lending", which is illegal. I too cannot get through to this company, but I'm sure the Attorney General will have no problem getting through to them once they shut them down. Does anyone else want to join in with me and help sue and close down Homecomings? If so, let me know at your earliest convenience.
Thank you...
0 comments