Homecomings Financial
Rip-off! Deceitful and Manipulative!

I am a single mother of 3 who has had my mortgage sold to Homecomings Financial approximately 5 years ago. It was a bad business relationship from the very start. When my mortgage was first sold no one (original lender or Homecomings) bothered to advise me. So 3 months after the transfer of my mortgage I receive mail from Homecomings, enclosed in the envelope were my 3 mortgage payment checks that I had wrote to my original lender and a nasty letter that my mortgage loan with them is now in default and past the breach date. To make a long story short, I researched on my own that they were at fault and they now had to accept the 3 mortgage payments without penalty to me in the form of late payments or on my credit report.

I am now facing a new dilemma with this company. I am on title to this property with my father who has since passed away now a little over a year ago. The title was held as tenants in common and I have 99% interest and he held 1% interest in this property. My father had placed all of his assets into a trust before his passing with the exception of his 1% in my property. This error was an oversight by all of us including myself.

We came upon this issue when I was in the closing process of refinancing this mortgage loan with another lender. I have had to retain probate attorneys who don't come cheap and have since fallen behind in mortgage payments due to the probate attorneys' retainer as well as my infant son being diagnosed as having chronic asthma and I had to take unpaid family leave from work to care for him.

Upon contacting Homecomings and explaining the situation to countless departments and customer service reps. They have sent me a financial packet to complete which would give them an idea as to reinstate, repayment plans, short sale or a deed-in-lieu foreclosure. I have completed the required documents and returned as requested and have not since heard from them.

In the meantime, my probate attorneys have been working nonstop on this case only to find that the attorney that represents Homecomings in my state has refused to return any form of response to our multiple requests for now 2 almost 3 months. We are requesting that the 1%interest that is now held in probate court be released to my mother who is the Trustee of the Revocable Truse who will convey or quitclaim the 1% interest to me so that I may refinance to ultimately pay off Homecomings and remodel my home.

Homecomings does know that in the state of Hawaii where my property is located that the fair market value of this parcel is close to $400,000.00 and the payoff of my mortgage with Homecomings is a mere $105,000.00. A big profit margin if they should drive me into foreclosure. I can't believe that this type of business is legal and in the eyes of Homecomings Financial ethical in any way.

I am very upset with this company and I don't plan on taking any more of this crap at all!!

Company: Homecomings Financial
Country: USA
State: Texas
City: Dallas
Address: 2711 North Haskell Hardaway Suite 900
Phone: 8002062901

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