Concord Mortgage Corp (American, EMC, Bear Stearns) switch and bait, Melville New York
I refinanced with Concord mtg corp in late april 2007 with an understanding it was a 5/1 loan at 7%. when the first payment coupon arrived it was marked this is an adjustable rate mortgage, with choice of 4 options each month starting with a rate of 9.37%. My rate has been adjusted 3 times since May. After 3 weeks of trying to contact the loan originator he finally answered me telling me he had his own job & home to worry about and bottom line was he said "you signed, deal with it". I was then sold to American home mtg., then to EMC they raised my principal balance $500., and the second option was raised from 2k to 3k. I am being forced into foreclosure by this company. I am not late with my payment of option 1 that I can afford to pay but they are stripping my home of all equity.
Katiek
georgetown, Massachusetts
U.S.A.
3 Updates & Rebuttals
Karl
Highlands Ranch,Colorado,
USA
"THE SYSTEM'S GONNA BLOW POEM".......just type in 581744 at this site.......
#4Consumer Comment
Sat, February 05, 2011
and the poem appears as 'Consumer Comment #2' at Ripoff Report #581744.
Thank You
*************************** MORTGAGE ALERT **************************
*Make sure to type in 481508 at this site and read St. Clair's Ripoff Report for valuable information if you have a mortgage in the USA.
Ed
Plano,Texas,
U.S.A.
No rebuttal will ever come from Concord, AMC, EMC, Ameriquest or Bear Stearns. They know they are wrong.
#4Consumer Comment
Sun, October 21, 2007
No rebuttal will ever come from Concord, AMC, EMC, Ameriquest or Bear Stearns. They know they are wrong. This poster's complaints were/are oh so common. And as usual 100% correct.
Why don't crooks like the 5 mentioned above respond or rebutt more often? Here's the answer: They know these complaints are *legit*
Ed in Plano TX
Ed
Plano,Texas,
U.S.A.
No rebuttal will ever come from Concord, AMC, EMC, Ameriquest or Bear Stearns. They know they are wrong.
#4Consumer Comment
Sun, October 21, 2007
No rebuttal will ever come from Concord, AMC, EMC, Ameriquest or Bear Stearns. They know they are wrong. This poster's complaints were/are oh so common. And as usual 100% correct.
Why don't crooks like the 5 mentioned above respond or rebutt more often? Here's the answer: They know these complaints are *legit*
Ed in Plano TX