We refinanced our loan through First california Mortgage Company, and told them that we wanted to make accelerated payments (payment plus additional principal). They provided us with a payment schedule for 10 and 15 year pay off. They sold the load to Option One. We made the first payment without ...
I too have been "ripped off" by Option One Mortgage. We were not in a position to be placed with a substandard lender when we refinanced our home. However, our whole refi was a disaster from the start. We had the misfortune of dealing with Lorrie Tracy, acting as Broker for North American ...
I need to add my experience with the preditory lender - Option One Mortgage. Earlier this year they put me into foreclosure claiming that it had been 90 days since I made a payment. This is categorically untrue. When discussing it with the rude, harassing, nasty, obnoxious Option One employee, he ...
I did not realize until I sold my house that I had a prepayment penalty. The loan officer, Fred Costillos, knew that I wanted flexibility and no prepayment penalty. The clause with the penalty was never pointed out to me. I questioned the "may" require prepayment. I was told that this did ...
Option One overpaid my taxes in 2003 by 13,00000 and adjusted my mortgage payment from 1,241.42 to 2,745.10 to make up for the shortage and to escrow for 2004. I contacted Option One to explain to them there error. I hand to send proof of my taxs which is 4,100.00 to them, which I did in Jan. 2004. ...
Option One has charged us over $1,200.00 for flood insurance even though we sent a copy of the FEMA map and a letter from our County stating that we are NOT in a flood zone. The proof we sent them is exactly what they say is required, yet they have charged our account. After sending the proof in ...