Recently, I eventually discovered that Homecomings Financial possesses my Aurora Loan Providers 1st Mortgage.initially, Homecomings kept equally my 1st and 2nd loans. Then last summer they 'offered' the first to Aurora Loans, approximately they said.
In August '08, after I understood I needed some type of loan mod or I really could shed my home, I named Aurora Loans for aid using the 1st mortgage. They explained that since both loans were no further using the same organization, they might not assist me with any kind of mortgage loan modification.
Next, after I named Homecomings Financial to determine might be completed concerning the 2nd, Homecomings passed me exactly the same point. Simply because they just possessed among my home loans, these were not able to assist with any mortgage adjustments.
Within The Drop of ‘08 I'd to resort to some Short-Sale, but actually then Aurora declined to talk to our Agent, and wouldn't contemplate any presents or transactions whatsoever that included a brief sale.
On Jan. 8, Homecomings (the organization we believed was keeping just the 2nd mortgage) started foreclosure procedures. I obtained the Notice of Standard, dated Jan. 8,08. Nevertheless attempting to determine why Homecomings outlined my mortgage about the Notice of Standard as $750,000 rather than the $150,000 I owe Homecomings for that 2nd, I chose to contact Aurora Loan Providers to question them who truly possesses my first-mortgage.
I named Aurora Loan Providers recently (February. 18,09), as well as their repetition stated she couldn't reveal the title of my bank since my bank is just a private buyer. She did provide the mortgage isn't with Fanny Mae or Freddie Mac.
Finally, I ripped out my documents and double checked my Action of Confidence. Because it works out, evidently I had been never released a brand new action last summer when Aurora allegedly purchased my mortgage. Therefore, I named the Los Angeles County Clerk's workplace, simply to discover THAT HOMECOMINGS HASBEEN THE LENDER FOR BOTH LOANS ALL-ALONG
Both companies lied in my experience in stating that “two individual businesses" possessed the loans, they misrepresented themselves with regular claims that had no sign these two companies were linked by any means, they declined to talk to me or my Agent whenever we attempted to complete the best short sale, plus they nevertheless WOn't reveal that Homecomings possesses both 1st and also the 2nd mortgages.
Just how can we discover of anybody is planning for a class-action suit against either of those two businesses? I'll be contacting the FTC today to join up a proper complaint about these rapscallions.
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