When I became behind on my mortgage payments the company immediately sent me to the lawyers to start foreclosure proceedings. When I called before it got to that they would not take the money I had claiming that it was not enough. But later they charged me an additional $6,000 over the past due amount in lawyer charges. We had not even gone to court yet and I had to pay court fees for them to draw up a 3 page forbearance agreement. They asked for 2700 down and then raised my monthly payment from 650 per month to 920 per month for the next 18 months. I never recieved a breakdown of the fees from the attorney's office and when I called to state that I had made the payment Western Union the 2 women I spoke to at the attorney's office had no idea what I was talking about and they have yet to send me a letter stating that the money was recieved. I had to call the loan company and figure that out.
I am really sick of being penalized by always being stuck with mediocre predatory lenders. I used to be a loan officer and I never sent my clients to places like this no matter what their credit history. Nobody deserves this. Things happen all the time. It should be a better way to deal with late payments than instant foreclosure and high fees to an attorney that does nothing but type a few pages.
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