Countrywide Mortgage FRAUD, MISAPROPRIATED FUNDS & WON'T TAKE RESPONS RIP-OFF Drake Texas
This company stated I had an escrow shortage. This was because they had not reviewed my account for increases on property taxes or otherwise.
Then they took two of my actual payments and applied them to the "shortage." They did not even notify me first. Then I got foreclosure letters in the mail that i had thirty days to pay them.
Then they reported on my credit report that i was 60 days late.
So, Full Spectrum Lending calls (a Countrywide company.) They offer us to refinance. We agreed because they said that we would be in charge of our own escrow. that was good since they messed up so bad the first time.
Three months after closing guess what comes in the mail, foreclosure papers. Now, full spectrum says that i had not paid escrow and applied my payment to the escrow shortage. Even after I received a letter from the company that they messed up... they still have not fixed our credit report.
BEWARE!
Shannon
somers point, New Jersey
U.S.A.
1 Updates & Rebuttals
Frank
Staten Island,Ohio,
U.S.A.
BEWARE IS RIGHT they will lie cheat steal change papers and in some cases sign your name
#2UPDATE EX-employee responds
Mon, September 13, 2004
if you still have a loan with this company your problems have just started. If you think that was a mistake i have a bridge to sell you. first of all dont believe a word they say,in the weeks and months to come you will speak to many different people never the same person twice. you will hear foreclosure alot they love that word.
on every phone call you will get a different amount you have to pay it will start with back escrow payment then to late morgage payment because they used that payment for your escrow then you will have to pay for thier legal expenses in the end it will cost you thousands of dollars out of pocket and they will probably foreclose on your home anyway.
also when you send them any paperwork or payments make sure it is return reciept requested they love saying we never recieved anything just remember they will lie cheat steal change papers and in some cases sign your name.
refinance with another company right away.