- Report: #271272
Complaint Review: America's Servicing Company Mortgage Division - Fredericksberg Maryland
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America's Servicing Company Mortgage Division
Asc.com Fredericksberg, Maryland, U.S.A.
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America's Servicing Company Mortgage Division ASC is a total rip off company Fredericksberg Maryland
I have been getting porked by ASC for over three years now. Shortly after purchasing a home in Fl,(2005) Freemont loan, sold my mortgage to these people. I have gone from paying 1800 per mo. to 2874.00, granted, the taxes did go up but this co jacks up my payment without explanation and without shame at gouging customers. This is a total rip off company, I have had the house on the market since March, it is now Sept, and I can barely hang on. You can never get a straight answer or talk to the same person, it is highly suspect and I would like to file a class action suit against this company. They are responsible for many foreclosues, from what i have read on this site.
Madma
Gulfport, Florida
U.S.A.
Madma
Gulfport, Florida
U.S.A.
2 Updates & Rebuttals
Bill
Fort Pierce,Florida,
U.S.A.
How much did your homeowners insurance go up?
#2Consumer Comment
Sat, September 01, 2007
I also was sold by Freemont Funding to ASC. My payment also went up from 847.00 to over 1400.oo per month. This was a combination of tax increase(bad), homeowners insurance(really bad) and the adjustable rate reset. As much as this all stinks, none of it has anything to do with ASC. I recently refinanced into a 30 year fixed rate. ASC was no problem in over 2 1/2 years I had them. In fact I just recieved a check from them for the money that had been in my escrow account. Of course, I was always 2 weeks early with my payment and bought a house I could afford, therefore I actually had enough equity to weather the downturn in prices we are seeing in FL. It is a bad situation to be in, but I don't understand how it is your mortgage company's fault for escrowing enough to pay insurance and taxes. Also if your mortgage rate reset, they are only doing what you agreed to when you bought your home.
Bob Pace
Silver Spring,Maryland,
U.S.A.
Class actions lawsuit?
#3Consumer Comment
Sat, September 01, 2007
I see this term thrown around a lot on this website and maybe twice I've seen a case worthy of even mentioning a lawsuit. Could you please elaborate on what exactly it is that you should be suing for? You stated they raised your payments because your taxes went up, but wouldn't that simply be common practice. Tax increases are issues to be taken up with your particular city/county, the mortgage companies don't make these decisions.
