Complaint Review: Centex Mortgage

I wrote to every single state department you can think of! They do not want to work with anyone and they tell you to hire an attorney. Don't give up, count on me to move forward with a class action lawsuit. I have an attorney, but we are in california, if you want his info I will e-mail it to you.

I wrote to the Attorney General here and they did not even read my complaint, instead they asked me to forward the complaint to the department of corporation, and if they had read my complaint they would have realized that the DOC, was the one who asked me to contact the AG. This is the reason why people are loosing their homes, the predators will get away with it, because they know that the state departments will do nothing and we do not have money for attorneys.

We can't give up!
maria

I have just found this site, have similar situation and have filed my own report tonight. Wondering about the lawsuit, did it get off the ground, if it's not too late I want to be part of it if possible, I have asked rippoff to forward my email to you. I noticed that "John" is from Georgia, the state that was so overrun by predator lendors that they have vans that go to peoples homes to assist w/emergency filings to save their homes. Too bad Texas won't do that for us.

My husband and I fell victims to "mortgage fraud"..Infact in the "search" area if you type in: Great Commission Realty you will see "our" posting..Here is a great idea..Post your complaint on Craigslist also..Under "real estate" in your city/state..That way all realtors and prospective home buyers will see your posting..Don't be surprised though if one goes in and "redflags/deletes" your posting..Create quite a few ID names, so you can go back in and "repost" in that same area..Also, "we" notified anyone and everyone humanly possible about our experience with "mortgage fraud"..We have 100% proof in our favor, but can't afford a Springfield, Missouri "real estate attorney" to take our case "pro bono"..If you believe you were scammed/ripped off, then make those involved known to the public.."Make their life hell, like they made yours!!"..Make sure though you have 100% proof backing you up as "we" do, or you could be facing a lawsuit.."My husband and I aren't worried in the least, because the "crooks" that committed "mortgage fraud" against us, know we have them (excuse the term) by the "balls".."Good Luck!!!"..

My husband and I fell victims to "mortgage fraud"..Infact in the "search" area if you type in: Great Commission Realty you will see "our" posting..Here is a great idea..Post your complaint on Craigslist also..Under "real estate" in your city/state..That way all realtors and prospective home buyers will see your posting..Don't be surprised though if one goes in and "redflags/deletes" your posting..Create quite a few ID names, so you can go back in and "repost" in that same area..Also, "we" notified anyone and everyone humanly possible about our experience with "mortgage fraud"..We have 100% proof in our favor, but can't afford a Springfield, Missouri "real estate attorney" to take our case "pro bono"..If you believe you were scammed/ripped off, then make those involved known to the public.."Make their life hell, like they made yours!!"..Make sure though you have 100% proof backing you up as "we" do, or you could be facing a lawsuit.."My husband and I aren't worried in the least, because the "crooks" that committed "mortgage fraud" against us, know we have them (excuse the term) by the "balls".."Good Luck!!!"..

My husband and I fell victims to "mortgage fraud"..Infact in the "search" area if you type in: Great Commission Realty you will see "our" posting..Here is a great idea..Post your complaint on Craigslist also..Under "real estate" in your city/state..That way all realtors and prospective home buyers will see your posting..Don't be surprised though if one goes in and "redflags/deletes" your posting..Create quite a few ID names, so you can go back in and "repost" in that same area..Also, "we" notified anyone and everyone humanly possible about our experience with "mortgage fraud"..We have 100% proof in our favor, but can't afford a Springfield, Missouri "real estate attorney" to take our case "pro bono"..If you believe you were scammed/ripped off, then make those involved known to the public.."Make their life hell, like they made yours!!"..Make sure though you have 100% proof backing you up as "we" do, or you could be facing a lawsuit.."My husband and I aren't worried in the least, because the "crooks" that committed "mortgage fraud" against us, know we have them (excuse the term) by the "balls".."Good Luck!!!"..

My husband and I fell victims to "mortgage fraud"..Infact in the "search" area if you type in: Great Commission Realty you will see "our" posting..Here is a great idea..Post your complaint on Craigslist also..Under "real estate" in your city/state..That way all realtors and prospective home buyers will see your posting..Don't be surprised though if one goes in and "redflags/deletes" your posting..Create quite a few ID names, so you can go back in and "repost" in that same area..Also, "we" notified anyone and everyone humanly possible about our experience with "mortgage fraud"..We have 100% proof in our favor, but can't afford a Springfield, Missouri "real estate attorney" to take our case "pro bono"..If you believe you were scammed/ripped off, then make those involved known to the public.."Make their life hell, like they made yours!!"..Make sure though you have 100% proof backing you up as "we" do, or you could be facing a lawsuit.."My husband and I aren't worried in the least, because the "crooks" that committed "mortgage fraud" against us, know we have them (excuse the term) by the "balls".."Good Luck!!!"..

Adrienne,

Let me give you a little insight about an appraised value of a home...The value that a home appraisal comes back at is based on comparable homes that have SOLD within the last year, and are within a half mile radius of the subject property. Appraisals are not based on economic forecasts, or how much the home should be worth a few years down the road. For you to blame the lender or mortgage companies for appreciation or depreciation of home values is just silly. Its ludicrous for you to sit here and say that by "trusting" me, that theyre getting screwed over because of economic trends. How do you propose appraisals should be done, by estimating the value of the home years down the road?? Do you honestly think a home should appraise for LESS than it is currently selling for because "all the leading economic indicators and top economists are predicting that the housing boom is flattening out and tha house prices are going to start falling in the coming year"? If you believe that then your logic is seriously flawed.

Then, your proceed to blame the mortgage company because of the realtor fees, which one again has nothing to do with the lender. You seem to be content with blaming others for circumstances that aren't their fault or doing in the first place. Try focusing on taking responsibility for you own actions rather than blaming everyone else.

You've turned into such a HARD guy. Can't take the heat? In response to your question, I guess it's because I was trusting. Probably like all those friends and relatives you've been convincing to sign up with Centex. The ones you say are soooo pleased.

Of course, when they go to sell their properties in the next couple of years, this is what THEY will find about trusting YOU: they'll get a "sale price" appraisal - which may be a bit depressed, given that all the leading economic indicators and top economists are predicting that the housing boom is flattening out and that housing prices are going to start falling in the coming year. That means their properties likely won't appreciate very much, so they won't be able to set a sale price much higher than they paid for it.

Then their realtor will tell them that in order to sell the property, their commission will be somewhere around 7% of that sale price.

And the closing costs (assuming they get an honest lender who doesn't try to rape the deal) should come in somewhere around $3-4,000.

Trust me, even if they split the closing costs with any buyers, that right there is likely going to take up all the "profit margin" there might possibly be in the sale price. Hoping that the market doesn't crash too far.

THEN comes the BIG surprise you've set them up for: that 6 months of payments they'll have to pay Centex in the "usual" prepayment penalty you've tagged them into. If their payments are even $2000 apiece - which is extreeeeemely low for California - but just guesstimating - that's an additional $12,000 your "dear friends and relatives" are going to get hit with.

You'd better start praying that all those trusting folks don't have any job changes or illness in their families or any other circumstances that might cause them to have to move in the next 5 years. Because THEY WON'T BE ABLE TO AFFORD IT.

THAT's when you'll know why people like me "sign documents and then b***h about it." -Because we trust people like you. Then find out we've been screwed over.

Adrienne,

Bottom-line, dont sign the docs if you dont like the terms. No one is forcing you to sign anything, so if you dont like the rate or terms, why did you sign? If it were my mortgage, and I wasn't 100% comfortable with everything, I wouldnt sign the docs and then complain about it afterwards....I simply wouldnt sign the docs period. I can't understand why people sign documents when they dont agree with the terms and conditions, only to complain about it after the fact. Even after signing you have a 3 day recission period to terminate the loan, so why take the loan if you think you're getting screwed over?

Well, Mark. I'm glad you have the advantage of living in such a perfect world. I think you missed the point entirely however. Centex regularly ignores the rules and regs. In fact, I have a list of chapter and verse right now where they're doing exactly that.

I'm not lying about the pre-quote and then jacking up the rate. And there WAS no "pre close" meeting. As I stated before, we didn't hear anything at all and then suddenly it was "Hurry up, the closing is set for tomorrow night." -

Again, more power to you and your friends. However, I truly doubt they'll be very happy when they go to refi the loan or sell their property and find out they have a six-month penalty worth about 4-5,000. And when you consider one or the other of those events tends to take place more frequently than every 5 years, I think you and your friends are on a collision course.

As far as "standard" for California. I can't really speak to that. I would, however, sincerely doubt it. -Or if it's been slipped in, the legislature out there is going to hear the screaming from the voters and kill it as soon as they do.

As a loan officer for CHEC (Centex Home Equity), the interest rate that a borrower qualifies for is disclosed from the beginning of the process, and is confirmed once again at the pre-close which takes place before the notary is ever sent to the borrower's home to sign documents.

Sub-prime lending does carry higher rates than A-paper lenders due to the fact that it is a higher risk for the lender, being that people with poor credit have displayed in the past that they are not always capable of paying their bills on time. As far as the loans that I close for the company, the average rate we charge people on a 1st mortgage is around 8%, and yes, there is a 5 year prepay penalty which is standard in California, and is once again disclosed during the preclose.

I have been with the company for 2 years now, and as far as my branch goes, or any other branch in Southern California, I have never heard of any of the complaints such as the ones you speak of. 75% of the borrowers I have closed loans for have referred their friends over to me because they were pleased with my service, and this tells me that they have been treated right by myself and by Centex. Considering the size of Centex, the number of complaints on this board are very low compared to other lenders out there who I will not name...Im sorry to hear that you had such a horrible experience with Centex, but from a personal standpoint can not agree with your view, being that I know the rules and guidelines which are set in place to prevent instances such as foreclosures and what not from happening.

Mark, if you are truly behaving as conscientiously as you say you are when conducting biz for Centex, then good for you. Keep up the work. But I have to tell you that while you seem to strive for an ethical approach, it isn't shared by the majority of Centex representatives.

Many cases are different, but you might first try to understand the difference between a "sub-par" lender and the predators who invaded the waters of the "Parity Lending Law."

That law was passed at a time (early 80's) when mortgage rates had hit an extreme high - 17%. This effectively brought the business of buying and building homes virtually to a halt. This impacted the overall economy of the nation - the ripple effect went thru the many sectors that depend on the building and turnover of homes.

Congress decided to help. The lending rules at the time were quite strict with regard to qualification for loans. Essentially, what Congress did thru the Parity Law was loosen up those restrictions. Thus was the advent of having people with credit problems in their history assessed against a different standard and lenders were allowed to lend them money - at a higher interest rate. You see it everywhere now - that's the fine print at the bottom of the car ads - when they talk about "qualified buyers."

This resolved the problem tremendously. Building and home sales picked back up, and the economy began to recover from the hit. "Sub-par lending" became a practice of many lenders - and it still is. Those lenders are readily distinguised in that their rates are usually only a few points higher than the "going" mortgage interest rates for people with good credit. And their loan-servicing practices reflect the legitimacy of these lenders.

Unfortunately, the sharks smelled blood in the water. Companies such as Centex decided to take advantage of the "sub-par" pool by going after them with aggressive marketing strategies. And they were good.

In our case, we started the process, based on a telemarketing call from a company hired by Centex. -In fact, we'd never even HEARD of Centex til we actually got to the closing. -Anyway, we were quoted a very reasonable rate by the telemarketer initially an in subsequent conversations. So we applied for the loan and were told all was well and we expected to close by the time we were initially told we would. And we planned on closing then, financially.

Then it got dragged out. -While we'd allowed ourselves to change position financially, expecting the loan to close and everything to be taken care of in the time-frame we'd been told. But that's just what predatory lenders do - wait. -Give thin excuses for not quite being able to get the deal closed, and waid. -They wait til they're comfortable that you'll be in a position financially where you'll pretty much feel you HAVE to close - since you'd been depending on their word that you'd be receiving a check in time to pay off your bills. Bills that are now past due because of the delay the lender has caused. -That's what you call "getting sucked in."

Then you go to the close - only to discover that instead of a few points above the average mortgage rate (6-7%) - the company - Centex - has jacked it up to 11%! Oh yes, you hear the steel trap clang shut. -Your stomach lurches - you demand that the representative call the company! - They've just pulled a "bait and switch." -Then the rep comes back in the room and says that the company won't budge on the interest rate, but no problem, you can refinance in a year! - After all, it's deductible - so no big deal, right?

Of course, as White Plains pointed out, I should have been clued in by the appraisal. -The appraisal people told me the same thing many others have heard - that the lender (Centex) had given them a "head's up" on valuing the property to make sure it easily qualified for the loan. -I got this when the appraiser came in with a valuation that was easily $25,000 more than the property value at the time. -I'd been watching the papers for sales "comp" prices - which isn't necessarily appraisal, but it's still a strong indicator.

I also decided to list the house for sale a short time later. The realty person actually set a sale price on it that was actually $40,000 less than the appraiser Centex hired had valued it. Again, I know that sales and appraisal value aren't the same, but come on, - a difference of $25,000 to $40,000?

Beyond that, a close relative here is a real estate appraiser. He's told us numerous times about all the appraisers out there who do the "preset valuation" to make sure a loan goes thru. He and the others he works with are very careful about which lenders they'll work with because of this shady practice. They don't want to lose their licenses or be fined for fraud.

So while I applaud your belief in a ethical work standard, I ask you this: what's the average rate you're charging people for their mortgages? Is there a prepayment penalty attached with a "six months of payments due if paid off within 5 years" clause? If not, then perhaps Centex has ONE branch that's operating ethically. If the rate is high - and there's a prepayment clause - well, you can call a turd whatever you want, but it's still a turd. So I'd look closely.

And I'd read more of the complaints that are posted here and do more online research on the other sites where similar complaints against Centex are posted. -Especially before you refer any more family or friends to them. Because at some point, someone is going to finally have enough of Centex's predatory practices. Hopefully it will be Congress and the states' Attorneys General, the FTC and HUD. - And they're reigned in. But if either of those "earmarkers" are on the loans you're encouraging to your family and friends, I'd use a little more discretion.

Again, you said you're not exactly with CTX - but another division. Well, again - perhaps Centex has opened themselves a legitimate "sub-par" lending arm. If so, I can only suspect it's simply to create a smoke screen for Congress and the other government agencies that will be looking at them ever more closely.

And I hope for your sake none of your relatives ever go through the abuse and treatment we have. Because if you think for one minute that they don't want to foreclose houses, you'd better check it out. Centex is apparently rather notorious for instituting a marginal or even downright bogus default action, foreclosing, and then repurchasing the property at a fraction of the value. Then they can write off the loss of the loan on taxes while recapturing the property and then selling it at a healthy profit. If you think they're not interested in that, you don't understand how business works - particularly cut-throat business.

Centex's wonderful "hold advertisement" goes on at length about their billions. They didn't get that money as quickly as they did by being the "nice guy who only plays fair." They are the quintissential 20th Century "robber barrons." They lie, they cheat, they steal. They don't care.

Good luck with your career. Hope your relatives are still speaking to you in a year or two - and nothing worse. If you do practice business ethically and take the time to close loans timely that carry legitimate interest rates and no prepayment penalties, and you actually are careful to make clear to all your customers that things such as insurance is truly an option (which, by the way, the lending industry managed to get laws passed in a number of states where the mortgage life insurance CAN be required to take out the loan)- then good for you. Keep up the good work!

And let us know how you're doing - I'll be curious to know how long you stay with Centex. Just remeber an old adage that I've seen in action more times than you can imagine: "Just because you swim with sharks, doesn't mean you're not fair game too." - Hope you don't become dinner.

You question the validity of my name, yet can't even put yours...anyways, think rationally about this, mortgage companies put guidelines in place for a reason, that reason being is that they want qualified borrowers who can REPAY the loan. This is how mortgage companies earn a profit. In response to what you said in your previous post...

#1-I personally know of a person who did not make much money but her payments were sky high and only left $200 to pay other bills. So, this statement is not true. There are documents backing up that Centex inflated the borrowers' income to justify the loan to value ratio. That is well documented. They use possible earned income instead of actual income. The use of a borrower's potential earning income is illegal and sets the borrower up for failure so the lender can foreclose.

-Centex does not use possible earned income to calculate debt ratio, they use gross income supported by W2''s and paycheck stubs. Centex does not want to foreclose on someone's house, they are not in the business of selling homes. Besides, who in their right mind would sign a contract leaving them only $200 to pay other bills?? Centex is full disclosure and every aspect of the loan is disclosed in the pre-close before the notary is even sent to the borrower's home.

#2-Centex offers to their borrowers who are at a high interest rate (10% of more) that they will refinance them in 6 months and will lower their rate. To the inexperienced borrower, this may sound good, but this is called "loan flipping" and is illegal. The fact that Centex approved another victims second refi within the 6 month period proves that they are conducting business illegally. Centex also has an illegal 4-5 year prepayment penalty on their loans which is predatory. All of the victims here have a 4-5 year prepayment penalty. According to Federal laws, this is predatory. Centex does not disclose the illegal prepayment penalty until you try to refinance with another company, then the threats of "you will never leave this company, we will see to it" kind of thing happens. Threats and more threats if you can't come up with the money. Bad customer service practices if you ask me.

-CHEC(Centex Home Equity Company) is not allowed to refinance any loan they have done until that loan is 12 months old. And as far as the "illegal" 4-5 year prepay penalty, in California a 5 year prepay penalty is standard. Once again, this prepay penalty is disclosed in the pre-close statement which is done before any documents are signed.

#3-Well again, not true. When you acquire a loan with Centex it is usually with one of the subsidiaries (CTX Mortgage) and they have a list of appraisers they use that will inflate the appraisal when necessary. This was told to a potential borrower and the borrower spoke to the appraiser and was told that the mortgage company makes the appraisl request and tells the appraiser that it has to come in at a certain price range. This is telling the appraiser to inflate the amount if they need to so that the loan will process. Inside information on appraisals done by Centex is already known. Now, maybe CHEC doesn't do this becaue they are just the servicer for Centex, but CTX Mortgage the originating company of the loan does. Centex's rebuttal to this would be to sue the appraiser. Well, the appraiser's rebuttal to this is he was told to come in at a certain range. Both are guilty of fraud.

-I work for CHEC, not CTX...and I can assure you that we do not have contact with the actual appraiser. We use a vendor management company which handles the appraisals. If we could get homes to appraise for any value we wanted, we would never need to turn down loans for LTV issues which we do all the time, and there would be no need for our appraisal review dept which cuts back appraisals which can not be supported by reasonable comps. Inflated appraisals are a risk to CHEC as well as the borrower.

#4-Not true either. There are victims in Minnesota, Texas, Pennsylvania and other states who have loans with Centex and after the loan processed and they started getting billed, they noticed that Centex added on this life insurance which protects the lender only. The borrowers had no idea that they had this so when it was actually put on is not known, but it was done fraudulently without the borrowers' consent therefore constituting fraud again. An audit of these files will prove the real truth.

-I can not state enough that every detail of the loan is disclosed during the pre-close statement, and if the borrower does not want the insurance, then DON'T SIGN the documents. Any insurance policy needs to be signed for, so even if the borrower did not pay attention during hte preclose, they would still need to sign the documents to receive the insurance.

Any applicant we take for a loan is sent the Truth in Lending disclose as well as the full RESPA packet. I have read the TIL manual, and have never had one complaint from any borrower on any loan I have worked on. Many of the complaints I see about Centex are from people who can not pay their bills, and somehow feel it is not their responsibility to be able to pay their bills on time. Any loan that is signed has a 3 day recission period, giving the borrower plenty of time to look at all the paperwork, and to question anything they do not agree with or do not understand. As far as the law firm in California investigating Centex, California is the king of frivolous lawsuits, and lawyers out here will do anything and everything just to make a buck. I have referred friends of mine and family to CHEC and CTX, and if I felt that they were in any danger of being screwed over in any manner I would not have done so.

Hi Mark or what ever your name is,
Being a "company guy" I know you want to back up your company, but unfortunately, these charges are coming from documents that indicate what really is going on. From what I know about the problems with this company and from the victims who have told their stories on this site and with whom I have had the opportunity to read their documents, your statements backing up this company are unfounded and just not true.

I know that Centex is probably scrambling to make things right because of this investigation by the major law firm in California who wouldn't just take cases on without documented proof. Too many people have been hurt by this company and too many people have already lost their homes to this company so your statements are simply not true.

1. Centex like other lenders calcualtes a borrowers debt ratio for proposed loans...if the amount of money they make compared to how much their bills are is over 50% they will not get the loan. For instance, if John Smith makes $2000 a month, but his mortgage payment will be $1250 a month, he will not be approved for the loan.

I personally know of a person who did not make much money but her payments were sky high and only left $200 to pay other bills. So, this statement is not true. There are documents backing up that Centex inflated the borrowers' income to justify the loan to value ratio. That is well documented. They use possible earned income instead of actual income. The use of a borrower's potential earning income is illegal and sets the borrower up for failure so the lender can foreclose.

2. It is most likely possible that the borrower can refi with Centex assuming their credit does not go downhill. If the first time they finance with Centex their fico score is 600, but then in the future it drops to 480 of course they can not refinance...It is up to the borrower to keep their credit relatively clean.

Centex offers to their borrowers who are at a high interest rate (10% of more) that they will refinance them in 6 months and will lower their rate. To the inexperienced borrower, this may sound good, but this is called "loan flipping" and is illegal. The fact that Centex approved another victims second refi within the 6 month period proves that they are conducting business illegally. Centex also has an illegal 4-5 year prepayment penalty on their loans which is predatory. All of the victims here have a 4-5 year prepayment penalty. According to Federal laws, this is predatory. Centex does not disclose the illegal prepayment penalty until you try to refinance with another company, then the threats of "you will never leave this company, we will see to it" kind of thing happens. Threats and more threats if you can't come up with the money. Bad customer service practices if you ask me.

3. Centex does not use their own appraisers, they use an outside vendor management company to assure an unbiased appraisal. In many cases if the value comes back too high the appraisal review dept will cut the value back so as to prevent inflated values.

Well again, not true. When you acquire a loan with Centex it is usually with one of the subsidiaries (CTX Mortgage) and they have a list of appraisers they use that will inflate the appraisal when necessary. This was told to a potential borrower and the borrower spoke to the appraiser and was told that the mortgage company makes the appraisl request and tells the appraiser that it has to come in at a certain price range. This is telling the appraiser to inflate the amount if they need to so that the loan will process. Inside information on appraisals done by Centex is already known. Now, maybe CHEC doesn't do this becaue they are just the servicer for Centex, but CTX Mortgage the originating company of the loan does. Centex's rebuttal to this would be to sue the appraiser. Well, the appraiser's rebuttal to this is he was told to come in at a certain range. Both are guilty of fraud.

4. The life insurance and involuntary unemployment insurance is not mandatory, it is optional. It is presented as an option only, and is up to the borrower to take it if they want it.

Not true either. There are victims in Minnesota, Texas, Pennsylvania and other states who have loans with Centex and after the loan processed and they started getting billed, they noticed that Centex added on this life insurance which protects the lender only. The borrowers had no idea that they had this so when it was actually put on is not known, but it was done fraudulently without the borrowers' consent therefore constituting fraud again. An audit of these files will prove the real truth.

I feel I needed to defend these accusations since I work for the company, and those charges against Centex are simply false. While i sympathize with those of you who have had a negative experience with Centex, I feel that the truth needs to be told about the accusations made by those on this forum.


Well good for you for wanting to defend something you believe in, as that is what these victims of Centex are also doing, but they have documents to back up the fraudulent practices of Centex. These victims wouldn't be here if their loans were normal. They are here because of what went wrong with the loan process with Centex and because Centex refuses to fix them and has started foreclosure proceedings because they add on late fees, etc. making the loan payment impossible for most to pay. What I would suggest that you do, would be to listen to these victims and then look at some loan documents you have processed and see if there are TILA and RESPA violations and other possible violations. Get the manual on Truth in Lending Law which is used by all consumer law firms and Federal Judges who hear cases such as these. Read what the law states and the responsibilities of the Lender according to HUD and I think you will find there is something going on at Centex that you may not want to hear.

Think on the side of the consumer instead of a corpporate employee and maybe you will see. All of these people cannot be wrong and the major law firm in California investigating Centex's practices is also not wrong. They have the documents to back up these accusations so this is what they will take to court when that happens, hard proof of the fraud committed by Centex to take the equity from innocent consumers that's the truth!!!

Hi Mark or what ever your name is,
Being a "company guy" I know you want to back up your company, but unfortunately, these charges are coming from documents that indicate what really is going on. From what I know about the problems with this company and from the victims who have told their stories on this site and with whom I have had the opportunity to read their documents, your statements backing up this company are unfounded and just not true.

I know that Centex is probably scrambling to make things right because of this investigation by the major law firm in California who wouldn't just take cases on without documented proof. Too many people have been hurt by this company and too many people have already lost their homes to this company so your statements are simply not true.

1. Centex like other lenders calcualtes a borrowers debt ratio for proposed loans...if the amount of money they make compared to how much their bills are is over 50% they will not get the loan. For instance, if John Smith makes $2000 a month, but his mortgage payment will be $1250 a month, he will not be approved for the loan.

I personally know of a person who did not make much money but her payments were sky high and only left $200 to pay other bills. So, this statement is not true. There are documents backing up that Centex inflated the borrowers' income to justify the loan to value ratio. That is well documented. They use possible earned income instead of actual income. The use of a borrower's potential earning income is illegal and sets the borrower up for failure so the lender can foreclose.

2. It is most likely possible that the borrower can refi with Centex assuming their credit does not go downhill. If the first time they finance with Centex their fico score is 600, but then in the future it drops to 480 of course they can not refinance...It is up to the borrower to keep their credit relatively clean.

Centex offers to their borrowers who are at a high interest rate (10% of more) that they will refinance them in 6 months and will lower their rate. To the inexperienced borrower, this may sound good, but this is called "loan flipping" and is illegal. The fact that Centex approved another victims second refi within the 6 month period proves that they are conducting business illegally. Centex also has an illegal 4-5 year prepayment penalty on their loans which is predatory. All of the victims here have a 4-5 year prepayment penalty. According to Federal laws, this is predatory. Centex does not disclose the illegal prepayment penalty until you try to refinance with another company, then the threats of "you will never leave this company, we will see to it" kind of thing happens. Threats and more threats if you can't come up with the money. Bad customer service practices if you ask me.

3. Centex does not use their own appraisers, they use an outside vendor management company to assure an unbiased appraisal. In many cases if the value comes back too high the appraisal review dept will cut the value back so as to prevent inflated values.

Well again, not true. When you acquire a loan with Centex it is usually with one of the subsidiaries (CTX Mortgage) and they have a list of appraisers they use that will inflate the appraisal when necessary. This was told to a potential borrower and the borrower spoke to the appraiser and was told that the mortgage company makes the appraisl request and tells the appraiser that it has to come in at a certain price range. This is telling the appraiser to inflate the amount if they need to so that the loan will process. Inside information on appraisals done by Centex is already known. Now, maybe CHEC doesn't do this becaue they are just the servicer for Centex, but CTX Mortgage the originating company of the loan does. Centex's rebuttal to this would be to sue the appraiser. Well, the appraiser's rebuttal to this is he was told to come in at a certain range. Both are guilty of fraud.

4. The life insurance and involuntary unemployment insurance is not mandatory, it is optional. It is presented as an option only, and is up to the borrower to take it if they want it.

Not true either. There are victims in Minnesota, Texas, Pennsylvania and other states who have loans with Centex and after the loan processed and they started getting billed, they noticed that Centex added on this life insurance which protects the lender only. The borrowers had no idea that they had this so when it was actually put on is not known, but it was done fraudulently without the borrowers' consent therefore constituting fraud again. An audit of these files will prove the real truth.

I feel I needed to defend these accusations since I work for the company, and those charges against Centex are simply false. While i sympathize with those of you who have had a negative experience with Centex, I feel that the truth needs to be told about the accusations made by those on this forum.


Well good for you for wanting to defend something you believe in, as that is what these victims of Centex are also doing, but they have documents to back up the fraudulent practices of Centex. These victims wouldn't be here if their loans were normal. They are here because of what went wrong with the loan process with Centex and because Centex refuses to fix them and has started foreclosure proceedings because they add on late fees, etc. making the loan payment impossible for most to pay. What I would suggest that you do, would be to listen to these victims and then look at some loan documents you have processed and see if there are TILA and RESPA violations and other possible violations. Get the manual on Truth in Lending Law which is used by all consumer law firms and Federal Judges who hear cases such as these. Read what the law states and the responsibilities of the Lender according to HUD and I think you will find there is something going on at Centex that you may not want to hear.

Think on the side of the consumer instead of a corpporate employee and maybe you will see. All of these people cannot be wrong and the major law firm in California investigating Centex's practices is also not wrong. They have the documents to back up these accusations so this is what they will take to court when that happens, hard proof of the fraud committed by Centex to take the equity from innocent consumers that's the truth!!!

Hi Mark or what ever your name is,
Being a "company guy" I know you want to back up your company, but unfortunately, these charges are coming from documents that indicate what really is going on. From what I know about the problems with this company and from the victims who have told their stories on this site and with whom I have had the opportunity to read their documents, your statements backing up this company are unfounded and just not true.

I know that Centex is probably scrambling to make things right because of this investigation by the major law firm in California who wouldn't just take cases on without documented proof. Too many people have been hurt by this company and too many people have already lost their homes to this company so your statements are simply not true.

1. Centex like other lenders calcualtes a borrowers debt ratio for proposed loans...if the amount of money they make compared to how much their bills are is over 50% they will not get the loan. For instance, if John Smith makes $2000 a month, but his mortgage payment will be $1250 a month, he will not be approved for the loan.

I personally know of a person who did not make much money but her payments were sky high and only left $200 to pay other bills. So, this statement is not true. There are documents backing up that Centex inflated the borrowers' income to justify the loan to value ratio. That is well documented. They use possible earned income instead of actual income. The use of a borrower's potential earning income is illegal and sets the borrower up for failure so the lender can foreclose.

2. It is most likely possible that the borrower can refi with Centex assuming their credit does not go downhill. If the first time they finance with Centex their fico score is 600, but then in the future it drops to 480 of course they can not refinance...It is up to the borrower to keep their credit relatively clean.

Centex offers to their borrowers who are at a high interest rate (10% of more) that they will refinance them in 6 months and will lower their rate. To the inexperienced borrower, this may sound good, but this is called "loan flipping" and is illegal. The fact that Centex approved another victims second refi within the 6 month period proves that they are conducting business illegally. Centex also has an illegal 4-5 year prepayment penalty on their loans which is predatory. All of the victims here have a 4-5 year prepayment penalty. According to Federal laws, this is predatory. Centex does not disclose the illegal prepayment penalty until you try to refinance with another company, then the threats of "you will never leave this company, we will see to it" kind of thing happens. Threats and more threats if you can't come up with the money. Bad customer service practices if you ask me.

3. Centex does not use their own appraisers, they use an outside vendor management company to assure an unbiased appraisal. In many cases if the value comes back too high the appraisal review dept will cut the value back so as to prevent inflated values.

Well again, not true. When you acquire a loan with Centex it is usually with one of the subsidiaries (CTX Mortgage) and they have a list of appraisers they use that will inflate the appraisal when necessary. This was told to a potential borrower and the borrower spoke to the appraiser and was told that the mortgage company makes the appraisl request and tells the appraiser that it has to come in at a certain price range. This is telling the appraiser to inflate the amount if they need to so that the loan will process. Inside information on appraisals done by Centex is already known. Now, maybe CHEC doesn't do this becaue they are just the servicer for Centex, but CTX Mortgage the originating company of the loan does. Centex's rebuttal to this would be to sue the appraiser. Well, the appraiser's rebuttal to this is he was told to come in at a certain range. Both are guilty of fraud.

4. The life insurance and involuntary unemployment insurance is not mandatory, it is optional. It is presented as an option only, and is up to the borrower to take it if they want it.

Not true either. There are victims in Minnesota, Texas, Pennsylvania and other states who have loans with Centex and after the loan processed and they started getting billed, they noticed that Centex added on this life insurance which protects the lender only. The borrowers had no idea that they had this so when it was actually put on is not known, but it was done fraudulently without the borrowers' consent therefore constituting fraud again. An audit of these files will prove the real truth.

I feel I needed to defend these accusations since I work for the company, and those charges against Centex are simply false. While i sympathize with those of you who have had a negative experience with Centex, I feel that the truth needs to be told about the accusations made by those on this forum.


Well good for you for wanting to defend something you believe in, as that is what these victims of Centex are also doing, but they have documents to back up the fraudulent practices of Centex. These victims wouldn't be here if their loans were normal. They are here because of what went wrong with the loan process with Centex and because Centex refuses to fix them and has started foreclosure proceedings because they add on late fees, etc. making the loan payment impossible for most to pay. What I would suggest that you do, would be to listen to these victims and then look at some loan documents you have processed and see if there are TILA and RESPA violations and other possible violations. Get the manual on Truth in Lending Law which is used by all consumer law firms and Federal Judges who hear cases such as these. Read what the law states and the responsibilities of the Lender according to HUD and I think you will find there is something going on at Centex that you may not want to hear.

Think on the side of the consumer instead of a corpporate employee and maybe you will see. All of these people cannot be wrong and the major law firm in California investigating Centex's practices is also not wrong. They have the documents to back up these accusations so this is what they will take to court when that happens, hard proof of the fraud committed by Centex to take the equity from innocent consumers that's the truth!!!

Hi Mark or what ever your name is,
Being a "company guy" I know you want to back up your company, but unfortunately, these charges are coming from documents that indicate what really is going on. From what I know about the problems with this company and from the victims who have told their stories on this site and with whom I have had the opportunity to read their documents, your statements backing up this company are unfounded and just not true.

I know that Centex is probably scrambling to make things right because of this investigation by the major law firm in California who wouldn't just take cases on without documented proof. Too many people have been hurt by this company and too many people have already lost their homes to this company so your statements are simply not true.

1. Centex like other lenders calcualtes a borrowers debt ratio for proposed loans...if the amount of money they make compared to how much their bills are is over 50% they will not get the loan. For instance, if John Smith makes $2000 a month, but his mortgage payment will be $1250 a month, he will not be approved for the loan.

I personally know of a person who did not make much money but her payments were sky high and only left $200 to pay other bills. So, this statement is not true. There are documents backing up that Centex inflated the borrowers' income to justify the loan to value ratio. That is well documented. They use possible earned income instead of actual income. The use of a borrower's potential earning income is illegal and sets the borrower up for failure so the lender can foreclose.

2. It is most likely possible that the borrower can refi with Centex assuming their credit does not go downhill. If the first time they finance with Centex their fico score is 600, but then in the future it drops to 480 of course they can not refinance...It is up to the borrower to keep their credit relatively clean.

Centex offers to their borrowers who are at a high interest rate (10% of more) that they will refinance them in 6 months and will lower their rate. To the inexperienced borrower, this may sound good, but this is called "loan flipping" and is illegal. The fact that Centex approved another victims second refi within the 6 month period proves that they are conducting business illegally. Centex also has an illegal 4-5 year prepayment penalty on their loans which is predatory. All of the victims here have a 4-5 year prepayment penalty. According to Federal laws, this is predatory. Centex does not disclose the illegal prepayment penalty until you try to refinance with another company, then the threats of "you will never leave this company, we will see to it" kind of thing happens. Threats and more threats if you can't come up with the money. Bad customer service practices if you ask me.

3. Centex does not use their own appraisers, they use an outside vendor management company to assure an unbiased appraisal. In many cases if the value comes back too high the appraisal review dept will cut the value back so as to prevent inflated values.

Well again, not true. When you acquire a loan with Centex it is usually with one of the subsidiaries (CTX Mortgage) and they have a list of appraisers they use that will inflate the appraisal when necessary. This was told to a potential borrower and the borrower spoke to the appraiser and was told that the mortgage company makes the appraisl request and tells the appraiser that it has to come in at a certain price range. This is telling the appraiser to inflate the amount if they need to so that the loan will process. Inside information on appraisals done by Centex is already known. Now, maybe CHEC doesn't do this becaue they are just the servicer for Centex, but CTX Mortgage the originating company of the loan does. Centex's rebuttal to this would be to sue the appraiser. Well, the appraiser's rebuttal to this is he was told to come in at a certain range. Both are guilty of fraud.

4. The life insurance and involuntary unemployment insurance is not mandatory, it is optional. It is presented as an option only, and is up to the borrower to take it if they want it.

Not true either. There are victims in Minnesota, Texas, Pennsylvania and other states who have loans with Centex and after the loan processed and they started getting billed, they noticed that Centex added on this life insurance which protects the lender only. The borrowers had no idea that they had this so when it was actually put on is not known, but it was done fraudulently without the borrowers' consent therefore constituting fraud again. An audit of these files will prove the real truth.

I feel I needed to defend these accusations since I work for the company, and those charges against Centex are simply false. While i sympathize with those of you who have had a negative experience with Centex, I feel that the truth needs to be told about the accusations made by those on this forum.


Well good for you for wanting to defend something you believe in, as that is what these victims of Centex are also doing, but they have documents to back up the fraudulent practices of Centex. These victims wouldn't be here if their loans were normal. They are here because of what went wrong with the loan process with Centex and because Centex refuses to fix them and has started foreclosure proceedings because they add on late fees, etc. making the loan payment impossible for most to pay. What I would suggest that you do, would be to listen to these victims and then look at some loan documents you have processed and see if there are TILA and RESPA violations and other possible violations. Get the manual on Truth in Lending Law which is used by all consumer law firms and Federal Judges who hear cases such as these. Read what the law states and the responsibilities of the Lender according to HUD and I think you will find there is something going on at Centex that you may not want to hear.

Think on the side of the consumer instead of a corpporate employee and maybe you will see. All of these people cannot be wrong and the major law firm in California investigating Centex's practices is also not wrong. They have the documents to back up these accusations so this is what they will take to court when that happens, hard proof of the fraud committed by Centex to take the equity from innocent consumers that's the truth!!!

I work for Centex, and would like to shed some light on these accusations...

#1- aggressive marketing of home equity loans to
homeowners who cannot afford the proposed
monthly payments;

Centex like other lenders calcualtes a borrowers debt ratio for proposed loans...if the amount of money they make compared to how much their bills are is over 50% they will not get the loan. For instance, if John Smith makes $2000 a month, but his mortgage payment will be $1250 a month, he will not be approved for the loan.

#2- promising that future refinancing will be
possible with Centex and reneging on that
promise;

It is most likely possible that the borrower can refi with Centex assuming their credit does not go downhill. If the first time they finance with Centex their fico score is 600, but then in the future it drops to 480 of course they can not refinance...It is up to the borrower to keep their credit relatively clean.

#3- inflating appraisals of target homes, making
it virtually impossible to refinance with
another company;

Centex does not use their own appraisers, they use an outside vendor management company to assure an unbiased appraisal. In many cases if the value comes back too high the appraisal review dept will cut the value back so as to prevent inflated values.

#4- adding mandatory life insurance and
involuntary unemployment insurance premiums to
monthly payments; foreclosing on borrowers'
homes at the earliest opportunity.

The life insurance and involuntary unemployment insurance is not mandatory, it is optional. It is presented as an option only, and is up to the borrower to take it if they want it.

I feel I needed to defend these accusations since I work for the company, and those charges against Centex are simply false. While i sympathize with those of you who have had a negative experience with Centex, I feel that the truth needs to be told about the accusations made by those on this forum.

John I have very strong principles and took the time to research the Centex posts here at RipOff Report for the past 5 months and noticed you have not commented on any other complaint other than Adrienne's. Things that me Hmmmm?

During this research noticed a similarity to one posted by a Shawn who attempted to attack Priscilla. An off the cuff comment, may be you should start using spell check. Looks like Adrienne was right.

Getting to the issue of class-actions, I suggested before to check out other sites here regarding class actions against predatory servicers/lenders. Check out companies like Fairbanks, Litton Loan, Ocwen Federal, Household Finance.

Get the facts, as in the case of Centex Realty they only had their hand slapped, settled but no admission of guilt. The same as for Household Finance and most recently Fairbanks. These companies use some of their fraudulent profit monies and offer a payoff, but still continue to do business and more of us victims slip through the cracks.

Instead of attacking individuals who feel the need to look for help and in doing so try to assist other victims, once again do your homework. The more lawsuits filed the better. These frauds and thieving need to be given more attention not only by our government, but the courts and the media.

Then your comment, " Or maybe you are greesy and just want to sue them yourself? You don'rt even mention what they have done. Are they harrasing you because you are a deadbeat and not paying ypour bills? I think you are scamming us and just want to try to make yourself some money. "

Why did you find it necessary to insult this person Adrienne? If you had done your homework she has posted frequently to this site about her problems and as a result others have joined in.

You dear John have attacked all victims with this statement. Don't throw stones when you live in a glass house. And in particular your use of the term "Deadbeat" is exactly what Shawn commented.

My compliments to Ed the owner of RipOff Report for stepping in an advising you the pros and cons of lawsuits especially class actions. Thank God for persons like Ed who have made it possible to utilize our constitutional right to speak out.

John I have very strong principles and took the time to research the Centex posts here at RipOff Report for the past 5 months and noticed you have not commented on any other complaint other than Adrienne's. Things that me Hmmmm?

During this research noticed a similarity to one posted by a Shawn who attempted to attack Priscilla. An off the cuff comment, may be you should start using spell check. Looks like Adrienne was right.

Getting to the issue of class-actions, I suggested before to check out other sites here regarding class actions against predatory servicers/lenders. Check out companies like Fairbanks, Litton Loan, Ocwen Federal, Household Finance.

Get the facts, as in the case of Centex Realty they only had their hand slapped, settled but no admission of guilt. The same as for Household Finance and most recently Fairbanks. These companies use some of their fraudulent profit monies and offer a payoff, but still continue to do business and more of us victims slip through the cracks.

Instead of attacking individuals who feel the need to look for help and in doing so try to assist other victims, once again do your homework. The more lawsuits filed the better. These frauds and thieving need to be given more attention not only by our government, but the courts and the media.

Then your comment, " Or maybe you are greesy and just want to sue them yourself? You don'rt even mention what they have done. Are they harrasing you because you are a deadbeat and not paying ypour bills? I think you are scamming us and just want to try to make yourself some money. "

Why did you find it necessary to insult this person Adrienne? If you had done your homework she has posted frequently to this site about her problems and as a result others have joined in.

You dear John have attacked all victims with this statement. Don't throw stones when you live in a glass house. And in particular your use of the term "Deadbeat" is exactly what Shawn commented.

My compliments to Ed the owner of RipOff Report for stepping in an advising you the pros and cons of lawsuits especially class actions. Thank God for persons like Ed who have made it possible to utilize our constitutional right to speak out.

John I have very strong principles and took the time to research the Centex posts here at RipOff Report for the past 5 months and noticed you have not commented on any other complaint other than Adrienne's. Things that me Hmmmm?

During this research noticed a similarity to one posted by a Shawn who attempted to attack Priscilla. An off the cuff comment, may be you should start using spell check. Looks like Adrienne was right.

Getting to the issue of class-actions, I suggested before to check out other sites here regarding class actions against predatory servicers/lenders. Check out companies like Fairbanks, Litton Loan, Ocwen Federal, Household Finance.

Get the facts, as in the case of Centex Realty they only had their hand slapped, settled but no admission of guilt. The same as for Household Finance and most recently Fairbanks. These companies use some of their fraudulent profit monies and offer a payoff, but still continue to do business and more of us victims slip through the cracks.

Instead of attacking individuals who feel the need to look for help and in doing so try to assist other victims, once again do your homework. The more lawsuits filed the better. These frauds and thieving need to be given more attention not only by our government, but the courts and the media.

Then your comment, " Or maybe you are greesy and just want to sue them yourself? You don'rt even mention what they have done. Are they harrasing you because you are a deadbeat and not paying ypour bills? I think you are scamming us and just want to try to make yourself some money. "

Why did you find it necessary to insult this person Adrienne? If you had done your homework she has posted frequently to this site about her problems and as a result others have joined in.

You dear John have attacked all victims with this statement. Don't throw stones when you live in a glass house. And in particular your use of the term "Deadbeat" is exactly what Shawn commented.

My compliments to Ed the owner of RipOff Report for stepping in an advising you the pros and cons of lawsuits especially class actions. Thank God for persons like Ed who have made it possible to utilize our constitutional right to speak out.

John I have very strong principles and took the time to research the Centex posts here at RipOff Report for the past 5 months and noticed you have not commented on any other complaint other than Adrienne's. Things that me Hmmmm?

During this research noticed a similarity to one posted by a Shawn who attempted to attack Priscilla. An off the cuff comment, may be you should start using spell check. Looks like Adrienne was right.

Getting to the issue of class-actions, I suggested before to check out other sites here regarding class actions against predatory servicers/lenders. Check out companies like Fairbanks, Litton Loan, Ocwen Federal, Household Finance.

Get the facts, as in the case of Centex Realty they only had their hand slapped, settled but no admission of guilt. The same as for Household Finance and most recently Fairbanks. These companies use some of their fraudulent profit monies and offer a payoff, but still continue to do business and more of us victims slip through the cracks.

Instead of attacking individuals who feel the need to look for help and in doing so try to assist other victims, once again do your homework. The more lawsuits filed the better. These frauds and thieving need to be given more attention not only by our government, but the courts and the media.

Then your comment, " Or maybe you are greesy and just want to sue them yourself? You don'rt even mention what they have done. Are they harrasing you because you are a deadbeat and not paying ypour bills? I think you are scamming us and just want to try to make yourself some money. "

Why did you find it necessary to insult this person Adrienne? If you had done your homework she has posted frequently to this site about her problems and as a result others have joined in.

You dear John have attacked all victims with this statement. Don't throw stones when you live in a glass house. And in particular your use of the term "Deadbeat" is exactly what Shawn commented.

My compliments to Ed the owner of RipOff Report for stepping in an advising you the pros and cons of lawsuits especially class actions. Thank God for persons like Ed who have made it possible to utilize our constitutional right to speak out.

I responded to the original post in which Adrienne states that she was starting a class action suit.

I only suggestes that she check out other suits already started from the other reports. Wouldn't a class action suit have better results with more people on it than multiple suits???

For this commented I was attaxcked by this Adrienne person.

Why is she so defensive?????

What will she do if someone else questions her fly off hte handle at them too?

Dear John, what an appropriate name, it is obvious that you have a closed mind to our issues of predatory lending/servicing. Do you really think all persons are not paying their bills. Look at the statistics, mathematically impossible.



Suggest you get an education and start checking all the other companies noted here at RipOff Report that steal homes through missed applied payments, huge fees, lack of responses to their client's requests and so much more.



It sounds like you are an insider for Centex. I recommend that you take the time to check out past problems within Centex's divisions, it only justifies our position that Centex Mortgage is like the rest of the company, liars and thief's, who usually settle rather than admitting wrong.



Here is a start, on January 15, 1999, HUD No. 99-06



CUOMO SAYS SAN FRANCISCO AREA DEVELOPER PAYS BLACK COUPLE $71,000 TO SETTLE COMPLAINT OF HOUSING DISCRIMINATION

"WASHINGTON - One of America's largest housing developers will pay a black couple $71,000 to settle a complaint accusing the firm of refusing to sell the couple a San Francisco Bay area home, Housing and Urban Development Secretary Andrew Cuomo announced today."



"Cuomo said that Centex Homes, a division of Centex Real Estate Corporation, agreed in an enforcement agreement with HUD to settle a housing discrimination complaint filed with HUD in 1997 by Oakland, CA residents Sylvia Myles and Bruce Soublet. Centex admits no wrongdoing in the settlement."



This lesson only goes to substantiate and reinforce complaints against Centex Mortgage. Victims like Priscilla, Adrienne and others have a constitutional right to voice their opinions and most importantly to obtain not only justice but convictions.



John take the time to see who you work for, so when and if you post again you will have some facts. Maybe you should consider finding a new employer, Centex's day is coming just like the rest.



I am not a victim of Centex, but of Litton Loan and all the others that steal and destroy the American Homeowners Dream.

Here is just some information for you John as you really think we are after money. This is currently posted on a major law firm's website who is looking for Centex victims. I can't post that website here, but can give you an insight into what this firm is thinking of what charges they should bring against Centex. Here are just some of the charges against Centex:



- aggressive marketing of home equity loans to

homeowners who cannot afford the proposed

monthly payments;



- promising that future refinancing will be

possible with Centex and reneging on that

promise;



- inflating appraisals of target homes, making

it virtually impossible to refinance with

another company;



- adding mandatory life insurance and

involuntary unemployment insurance premiums to

monthly payments; foreclosing on borrowers'

homes at the earliest opportunity.



These are just a few from the people I have sent to this firm including my information and documentation. I am doing this because Centex has ignored my rescission request which I am entitled to if they foreclose. My loan never should have happened and they know it.



So, John, or whoever you name really is, take a good look at this as it's posted on this major law firm's website. They are looking for Centex Victims because of me, I am sending everyone to them and finally a class action will be filed against Centex. I have organized enough people to accomplish this.



All the appropriate government agencies will be involved with this suit, so Centex, give me my rescission and then I'll go away.

Hi Adrienne,



You know, that's my middle name. Anyway, I applaud you for fighting. There is another law firm in CA that is conducting an investigation into a class action against Centex. I started it several months ago and I have put people in touch with this major law firm and they are talking about what charges to go after them for. I'm sure they are trying to make it stick so might go for a whole bunch of charges.



Anyway, I am with you on this one. I have been seeking people out and trying to organize us and Centex is calling my attorney stating that I can't post here, but I have the right of Freedom of Speech as I have not settled with them yet. Centex needs to realize I have rights and we all have rights. This company needs to be stopped and it will come soon.



I have contacted the Department of Justice here in MA and have contacted the Coalition for Mortgage Reform in Dallas, Texas and the National Coalition Reinvestment Community along with a lot more agencies to bring this company to a halt.



If there is anything I can do to move this along. please let me know as I have done so much and can't post my e-mail here at this forum, but there are other forums I am on that you can seek out.



Know that I am with you and would love to contact you to discuss further steps as I'm tired of Centex trying to get the upperhand when they don't have it and they know it. I have the upperhand with my case and it's making them angry.



Keep up the fight and know that all us victims will fight along with you as we are going through the same thing as you.

I'd respond to your 'rebuttal' as to what Centex has done, except for two things: 1. you obviously can't or don't know how to read - I alluded to the ripoff report I already filed -to do so again is redundant (that means not necessary); and 2. you also can't spell. Go on back to Centex and ask them to teach you one - or better -both. Perhaps you'll be more credible. Otherwise, don't waste our time, little man.

Hi Adrienne: noticed your post about Centex. I am also a victim of fraudulent mortgage practices, the difference is that I am with a servicer, not a lender.



One thing I do suggest be prepared and do your homework, this is a big country and Centex is in many states. One guestion you need to address is how and where they are licensed and the type of licensing.



If by chance they happen to be a servicer of your account they are nothing but a glorified collection agency, like the servicer I am dealing with, Litton Loan Servicing.



Next find out who owns your note, is your mortgage pooled in some sort of investment vehicle like a REMIC (mortgaged-backed securities), then check your account filings in the County Hall of Records. Sometimes these investors can jeopardize your account and in some instances have the authority to pass judgments.



Another question was your home over appraised when you obtained funding from Centex? There are many issue that affect our situation and there are predatory laws in certain states that may be able to assist you. Then there are mortgage brokers.



Adrienne you made a comment, "I'll check on it and repost here. But just so you know. I'm the one who put up the complaint "They lie, they cheat, they steal..." awhile back. -I'm genuinely an individual just trying to fight this horrible corporation. -They're even calling my work and trying to talk to my boss now- after THEY caused the situation we're in right now - and we're not really behind on payments! - Just late - due to THEM! - But they're unremitting. -As you all know ".



I know of other Centex victims that have been harassed at work and you are not alone in this fight there are so many of us, just do a check on some company names, you will be surprised how many there are. This is a great site to vent at, but there are other groups out there, suggest you do a search for companies like Centex, Litton Loan, Fairbanks, or Ocwen and sorry to say there are so many more.



What you have done so far is great, but you need to continue shouting out the truth, the predatory lenders and servicers have been cheating us for so long it is time they pay their dues.



I also suggest you contact the attorney general of NY, Eliot Spitzer. He has been instrumental in hunting down these violators and getting convictions. Write to him. Centex is in NY and there may be more victims in NY that could join your class-action suit. I have always said the more the merrier.



Never give up you are not alone in these fights for homeownership. May God bless and keep you and your family.

Hi Adrienne: noticed your post about Centex. I am also a victim of fraudulent mortgage practices, the difference is that I am with a servicer, not a lender.



One thing I do suggest be prepared and do your homework, this is a big country and Centex is in many states. One guestion you need to address is how and where they are licensed and the type of licensing.



If by chance they happen to be a servicer of your account they are nothing but a glorified collection agency, like the servicer I am dealing with, Litton Loan Servicing.



Next find out who owns your note, is your mortgage pooled in some sort of investment vehicle like a REMIC (mortgaged-backed securities), then check your account filings in the County Hall of Records. Sometimes these investors can jeopardize your account and in some instances have the authority to pass judgments.



Another question was your home over appraised when you obtained funding from Centex? There are many issue that affect our situation and there are predatory laws in certain states that may be able to assist you. Then there are mortgage brokers.



Adrienne you made a comment, "I'll check on it and repost here. But just so you know. I'm the one who put up the complaint "They lie, they cheat, they steal..." awhile back. -I'm genuinely an individual just trying to fight this horrible corporation. -They're even calling my work and trying to talk to my boss now- after THEY caused the situation we're in right now - and we're not really behind on payments! - Just late - due to THEM! - But they're unremitting. -As you all know ".



I know of other Centex victims that have been harassed at work and you are not alone in this fight there are so many of us, just do a check on some company names, you will be surprised how many there are. This is a great site to vent at, but there are other groups out there, suggest you do a search for companies like Centex, Litton Loan, Fairbanks, or Ocwen and sorry to say there are so many more.



What you have done so far is great, but you need to continue shouting out the truth, the predatory lenders and servicers have been cheating us for so long it is time they pay their dues.



I also suggest you contact the attorney general of NY, Eliot Spitzer. He has been instrumental in hunting down these violators and getting convictions. Write to him. Centex is in NY and there may be more victims in NY that could join your class-action suit. I have always said the more the merrier.



Never give up you are not alone in these fights for homeownership. May God bless and keep you and your family.

Hi Adrienne: noticed your post about Centex. I am also a victim of fraudulent mortgage practices, the difference is that I am with a servicer, not a lender.



One thing I do suggest be prepared and do your homework, this is a big country and Centex is in many states. One guestion you need to address is how and where they are licensed and the type of licensing.



If by chance they happen to be a servicer of your account they are nothing but a glorified collection agency, like the servicer I am dealing with, Litton Loan Servicing.



Next find out who owns your note, is your mortgage pooled in some sort of investment vehicle like a REMIC (mortgaged-backed securities), then check your account filings in the County Hall of Records. Sometimes these investors can jeopardize your account and in some instances have the authority to pass judgments.



Another question was your home over appraised when you obtained funding from Centex? There are many issue that affect our situation and there are predatory laws in certain states that may be able to assist you. Then there are mortgage brokers.



Adrienne you made a comment, "I'll check on it and repost here. But just so you know. I'm the one who put up the complaint "They lie, they cheat, they steal..." awhile back. -I'm genuinely an individual just trying to fight this horrible corporation. -They're even calling my work and trying to talk to my boss now- after THEY caused the situation we're in right now - and we're not really behind on payments! - Just late - due to THEM! - But they're unremitting. -As you all know ".



I know of other Centex victims that have been harassed at work and you are not alone in this fight there are so many of us, just do a check on some company names, you will be surprised how many there are. This is a great site to vent at, but there are other groups out there, suggest you do a search for companies like Centex, Litton Loan, Fairbanks, or Ocwen and sorry to say there are so many more.



What you have done so far is great, but you need to continue shouting out the truth, the predatory lenders and servicers have been cheating us for so long it is time they pay their dues.



I also suggest you contact the attorney general of NY, Eliot Spitzer. He has been instrumental in hunting down these violators and getting convictions. Write to him. Centex is in NY and there may be more victims in NY that could join your class-action suit. I have always said the more the merrier.



Never give up you are not alone in these fights for homeownership. May God bless and keep you and your family.

Hi Adrienne: noticed your post about Centex. I am also a victim of fraudulent mortgage practices, the difference is that I am with a servicer, not a lender.



One thing I do suggest be prepared and do your homework, this is a big country and Centex is in many states. One guestion you need to address is how and where they are licensed and the type of licensing.



If by chance they happen to be a servicer of your account they are nothing but a glorified collection agency, like the servicer I am dealing with, Litton Loan Servicing.



Next find out who owns your note, is your mortgage pooled in some sort of investment vehicle like a REMIC (mortgaged-backed securities), then check your account filings in the County Hall of Records. Sometimes these investors can jeopardize your account and in some instances have the authority to pass judgments.



Another question was your home over appraised when you obtained funding from Centex? There are many issue that affect our situation and there are predatory laws in certain states that may be able to assist you. Then there are mortgage brokers.



Adrienne you made a comment, "I'll check on it and repost here. But just so you know. I'm the one who put up the complaint "They lie, they cheat, they steal..." awhile back. -I'm genuinely an individual just trying to fight this horrible corporation. -They're even calling my work and trying to talk to my boss now- after THEY caused the situation we're in right now - and we're not really behind on payments! - Just late - due to THEM! - But they're unremitting. -As you all know ".



I know of other Centex victims that have been harassed at work and you are not alone in this fight there are so many of us, just do a check on some company names, you will be surprised how many there are. This is a great site to vent at, but there are other groups out there, suggest you do a search for companies like Centex, Litton Loan, Fairbanks, or Ocwen and sorry to say there are so many more.



What you have done so far is great, but you need to continue shouting out the truth, the predatory lenders and servicers have been cheating us for so long it is time they pay their dues.



I also suggest you contact the attorney general of NY, Eliot Spitzer. He has been instrumental in hunting down these violators and getting convictions. Write to him. Centex is in NY and there may be more victims in NY that could join your class-action suit. I have always said the more the merrier.



Never give up you are not alone in these fights for homeownership. May God bless and keep you and your family.

Why don't you check the other reports? Looks like there is already a class action lawsuit going on. Why don't you see if you can joiun that one?



Or maybe you are greesy and just want to sue them yourself? You don'rt even mention what they have done. Are they harrasing you because you are a deadbeat and not paying ypour bills?



I think you are scamming us and just want to try to make yourself some money.