Leeann
Akron,#2Consumer Suggestion
Sat, April 30, 2005
To understand the game you must learn the terms. Bank One owns your note (supposed to) and Homecomings is the mortgage servicer. So when you receive a foreclosure notice it will have Bank One's name on it, and when they sell your house on the Sheriffs steps it will be back to Bank One. Homecomings is the one losing your payments, not answering your phone calls and charging you made up fees so that you will never be able to save your home. Homecomings makes money not by just servicing normal loans but charging fees that they collect not Bank One who handed your loan over to Homecomings.
Joe
Somewhere,#3Consumer Comment
Sat, April 23, 2005
Homecomings Financial is a GMAC company, in no way associated with Bank One. It is possible that Homecomings purchased your loan on the secondary market, from Bank One or any other financial institution. This is a normal practice in the industry. At any rate, I am sorry to hear about your experience.