Complaint Review: Homecomings Financial

Homecomings Financial is not a user friendly organization with whom to do business. I didn't know this before obtaining my home loan with them, but later learned of their reputation through a relative who used to work for an REO company. She said they have more REO's from Homecomings than any lender in the market.

Now I know why! Last year I was out of work due to my son being in the hospital with cancer. During this time my insurance pooicy came up for renewal. I somehow didn't get a notice that it was due and with everything else going on in my life, the policy lapsed. I quickly got another policy, but not quickly enough for Homecomings who immediately slapped an $8000 per year policy on my house! Not bad for a month of coverage, eh?

I informed thm that I already had coverage and sent them a copy of my binder - but that didn't stop them. They refused to take the policy off! They now refuse to accept my payment and threaten foreclosure. Merry Christmas from Homecomings!!

Carol
Laguna HIlls, California
U.S.A.