EWEB Funding Group KH Funding Company Predatory Lender, Ripped me off, Applies bogus charges to mortgages, evil, scammers, liers, prey on the poor Silver Spring, Maryland
This is what has happened to a member of my family. In December 2007, My Mom and sister had gotten into a really bad place with the mortgage. My sister had a good government job for over ten years. Downsizing happened and she was unexpectedly laid off/let go. The family home went into default on the mortgage at that time with another bank.
To prevent foreclosure, the family was recommended to a place that promised to solve the problem. A title and settlement company named Pinnacle Title & Escrow did the work. They signed the new mortgage up with a company called Eweb Funding Group. Eweb later sold it to their sister company KH Funding Company. My naive little sister was told to date and sign for my mother as "her attorney in fact" and then sign her own name below. Mom was unable to sign being sick. Two packages were put before my little sister. Also the family had just gotten Mom out of a nursing home where she'd been abused.
She was placed there for rehab after her strokes, but never got to finish because of the abuse. I borrowed the loan documents, I got someone to explain the new loan to me, that under duress and predatory circumstances I believe my little sister signed unawares. They were appalled, speechless and shocked. In detail they told me that KH Funding Company & Eweb Funding Group had overcharged on settlement fees. Their were 3 truth in Lending statements, one which said the adjustable rate of 11% would go to 12% within 6 months. They failed to tell my little sister that when our Mom died (which she did in 2008) that the loan would be on her shoulders.
That in fact by my little sister signing "as her attorney in fact" it was already her loan from that very moment! On the income sheet, no income for my little sister or Mom is listed! KH Funding Company failed to file the certificate of satisfaction concerning proof that the first loan was paid off. So a default is on my little sisters credit report, which in turn prevented her from gaining any hopes of a real job, earning a salary in order to start paying on this loan in the first place! Which I believe they did on purpose. They also paid off another family members debt that did not belong to my mom or my little sister and that other sister was not included on this loan. Just recently using free legal aide to keep the home 2 family members still live in.
Me and 2 other siblings are about to redo a new loan with KH Funding Company. Why? Well unless we find other victims that Eweb Funding Group & KH Funding Company has done this too. Our chances of winning a personal battle with them is ify at best! The private attorney interested in this case has said, he would like to do a class law action suit, but we need other victims. The chances would be greater of bringing these companies down! He's looking for other Homeowners that may be trapped in a predatory loan with KH Funding Company, have already lost their home, or in the process of being foreclosed upon by KH Funding Company & Eweb Funding Group. These predators know they are guilty because my siblings and I refused their last offer.
We said no and were still going to sue despite the odds. Then out of the blue, KH Funding Company sent our free legal aide lawyer another offer. Which is further proof to the rest of the family, that they know they are guilty and can be sued on many charges. Much of which I can't state here. After much debating the family has agreed. Right now nothing has been signed, but I am uncertain and for justice, I personally want to sue these evil predators. To once again be in a place where these predators may gain the upper hand, over the family home? Is not a bright idea to me at all? If other former victims can be found its vital you come forward. That is our only chance. My little sister has had it rough dealing with this mess. But she was never alone, yet we could not undo what they have done to her emotionally. As well as her battle with breast cancer.
I personally do not want or think we should agree to any offer. But my little sister desires to stay in the family home. Because I love her I'm willing to help pay their new offer. But we have time before anything is signed on the new deal. Our situation does not need sympathetic consumers to go complain to these companies. We need former victims that were hurt by these predators. No one knows I'm doing this, but I am determined to get justice. These predators tactics caused a lot of stress which contributed to our mom's death! On top of that, I just want them stopped. So that they can never do this to anyone ever again.
If you ever held a mortgage with KH Funding Company or EWEB Funding Group (really they are one in the same) please come forward. Even if you already lost your home to them, the private attorney told me, these homeoners would still have a right to be in on the class law action suit against KH and Eweb. I can put you intouch with a private attorney, that along with his colleagues are eager to put these thieves in jail!
1 Updates & Rebuttals
Black Dahlia
Washington DC,District of Columbia,
United States of America
KH Funding Co Resolves Situation
#2Author of original report
Sat, February 06, 2010
KH Funding modified my predatory loan. We wiped the slate clean and started over. Waaaaaa over!
They did an amazing job to oblige me, by helping me to keep the family home. It was never my intention to ruin KH Funding or their spotless reputation. But my repeated attempts on my own to resolve it fairly with them was falling on deaf ears.
It was through legal counseling/wrangling that I was able to resolve, my situation with KH Funding Company. Throughout the process it was a serious learning experience for at least myself. I was pleased that KH Funding went out of their way, in the end, to modify my loan so I could keep the family house.
We started over, although certain stipulations are ridgid and restrictive. I feel this modification is more than fair for me and my siblings. I'm able to stay on track and have payments we all can afford. I was born and raised in this home. Our Mom died in this home. My parents bought it in 1950-51. There are too many reasons, beyond financial, as to why I was not willing to simply walk away.
Consumers and Companies alike, are strongly advised. To read every piece of paper that comes across your desk. My problem initially generated with a settlement company and another company, that took over this loan, made it predatory then sold it to KH Funding. KH Funding Company was simply doing business as usual. But sometimes when all documents are'nt properly read or explained, you end up inheriting someone else's problem. Since KH initially held the bad loan, they were the only ones I could seek in this matter. While the real culprits simply made money off their predatory tactics and walked away scott free. But what man's justice let's slip by God surely will judge!
Lucky for me I had a great lawyer and everyone, turned out to be willing to resolve this matter. I was emotionally thankful, that KH Funding Company created a new loan with me. Extremely affordable so that me and my siblings can retain ownership of our childhood family home, and as well pay the new mortgage without much worry or stress. I do make sure though that I get the payments in as early as I can. I intend to stay in contact with KH Funding Company more often and rebuild our damaged relationship. I personally miss the friendship that was once there.
I personally apologise to KH Funding Company, its CEO and staff. I simply wanted to stay in the home I grew up in. No other place would do. They are very good, kind and generous people. It pleased me greatly that behind the name, good people with good hearts really cared in the end.
Just sometimes when your a babybird and the Eagles own your nest. You gotta scream a little louder to get their attention. To let them know you do matter too. Especially when there is a wrong, they may be unaware of. What warms my heart most, is that they were human enough to really see the wrong, and corrected it. Better things can only come out of good deeds done. I'm aware it cost them dearly, financially, as well as other ways. But God truly smiles down on those, willing to be gracious and show an example of His mercy to others.
Healing will take time, and trust will come as we relearn our way together. But good seeds have been sown between us. So only good fruit can bloom from our new union. Other companies would do well to learn, by KH Funding Companies example. Sometimes the humanity and the morals, of a bad situation matter much more than simply making money.
In the end, we are judged by what we do and say. How we act and how we treat each other. Being human, makes us flawed. Knowing how to repair those flaws, makes us more than humans. It creates in us, for others, a shinning example of what God wants us to be. So as a company, I thank KH Funding for being the first to my knowledge. To truly see a mistake, see a gross oversight, and do something so gracious and kind, to make it work for the consumer. To rise above anything is truly challenging. KH Funding was Olympic in achieving this and gets the gold in my book!
It gives me hope that other companies, will not count the cost. Rather they see the life, the family, the memories, the consumer as more valuable. Objects, places, buildings come and go. Humans, friendships and souls are not so easily replaced. With grace, great business acumen, kindness and integrity KH Funding Company is a standup business. Well worth investing in and doing business with.
I'm very proud and feel safe, to remain with them for years to come! Knowing I'll be treated fairly, with the highest standards of excellence, integrity and moral reponsibility. KH Funding rises as one of the best companies, I've ever encountered, to do business with!
The Bradley Family!