- Report: #403550
Complaint Review: EASTERN SAVINGS BANK - Maryland
-
Author Confirmed
Why?
EASTERN SAVINGS BANK
Maryland, U.S.A.
Web:
N/A
Categories:
Business Rating:
(0)
Tell us has your experience with this business or person been good?
EASTERN SAVINGS BANK DENY HOME OWNERS ANY KIND OF BREAK MARYLAND
My family and I were in bad financial situation we had no choice and refinanced our home with Easter Savings bank our rate now is over 12% and we pay 3000 a month on a 245k mortgage. We have hired a company to help us obtain a payment modificatin nothing in depth no cash on the equity nothing but a more reasonable payment... we have been denied and now get close to a foreclosure.
We have written several letters we are a famil who wants to stay in our home and are on the brink of losing it all. This company is heartless, the employees are unethical and mean. They are rude, and just horrible people. One particular is Deb Eagan, this woman is the most mean person I have ever dealt with. We are not deadbeats who don't pay bills and sit around all day waiting for a break we are professionals who just had a hard time like everyone else in this economy. I hope enough people go against this bank and it makes a difference I am going to see an attorney next week.
Tampa fl family
Tampa, Florida
U.S.A.
We have written several letters we are a famil who wants to stay in our home and are on the brink of losing it all. This company is heartless, the employees are unethical and mean. They are rude, and just horrible people. One particular is Deb Eagan, this woman is the most mean person I have ever dealt with. We are not deadbeats who don't pay bills and sit around all day waiting for a break we are professionals who just had a hard time like everyone else in this economy. I hope enough people go against this bank and it makes a difference I am going to see an attorney next week.
Tampa fl family
Tampa, Florida
U.S.A.
4 Updates & Rebuttals
Kevin
chicago,Illinois,
U.S.A.
Eastern Savings Bank Predatory Lender
#2Consumer Comment
Thu, October 14, 2010
An excellent law firm in Illinois that has done battle with Eastern Savings Bank is Edelman, Combs, Latturner and Goodwin LLC: Give them a call! One of the top rated and highly respected firms in Chicago. They also specialize in class action! Tara Goodwin is top notch and Dan Edelman is an expert at HOEPA violations. Dan has published a pamphlet that is very helpful to Illinois residents. They may be able to help residents in other states because of their expertise in class action matters!
312-739-4200 or 888-592-6124
http://www.edcombs.com/
Kevin
chicago,Illinois,
U.S.A.
Eastern Savings Bank Predatory Lender
#3Consumer Comment
Mon, January 25, 2010
Eastern Savings Bank appears on many complaint boards because they are a hard money lender that has shown they are unwilling to modify mortgages. They appear to deal only with people who have some equity. The word is they don't budge and people are concerned that some of their tactics should be scrutinized by the Thrift Supervision Board, they already have a cease and desist order against them with respect to commercial lending practices. You can file a complaint with the U.S. Thrift Supervision Board: copy link to browser. Just a terrible bank with rude employees!
Tampa fl family
Tampa,Florida,
U.S.A.
eastern savings modification....
#4Author of original report
Thu, November 26, 2009
Hello,
Well... I can tell you what we did to buy the most time and what ended up happening if you'd like. First off... Eastern Savings will never modify your loan or work a deal with you... they won't trust me I worked in the mortgage industry and worked every angle possible then played dirty to buy more time for my family and I. So ... here it is in a nutshell... November 07 we refinanced with them because of no better option and by May of 08 we were drained in savings because of loss of income on my end and a rate of 12% on a 245k mortgage having 3000 a month payment was crazy! I talked to Deb Eagan (she is the most evil woman in the world and I hope she gets hit by a bus) so I decided to go deeper and found the Vice Presidents contact information and from about August on I only communicate with him. So anyway... last payment made was May 08.... the process began and we were served... we didnt go to a hearing.... we called and tried to work directly with them...now we are in october.... the foreclosure process began.... so we were not making payments still trying for a modification... the stipulation was okay... you guys catch your mortgage up and we will modify the rate after... okay and if you dont? so anyway... nothing being done our sale date was set for March 10th 2009. We werent getting any place with Easter Savings... so we filed chapter 13.... anyone in their right mind would know that if we couldnt make the normal payment how can we make the normal payment plus the percentage break down of 5 years? no way.... so basically we never sent a payment to the trustee BUT having filed chapter 13 3 days before the sale of our home none the less put a automatic stop on the sale! sweet at this point... it's now march 10 and the sale was canceled because we filed chapter 13... so no payments made to the trustee and they request to move forward with the sale.... (eastern savings) so now we are in may and get a letter from the trustee saying make a payment within 60 days to catch up and we will continue with the 13.... not going to happen can't afford it. So the first part of October we receive a letter from the courts that the sale date was reset for october 20th... great no more options... we tried modification via 2 private companies as well as eastern savings... the will not budge save your money.... so anyway.. I kept in contact with the VP at eastern all along (if you want his direct contact information email me) anyway... so I called and basically put it on the line ( at this point we or I was ready to move... I didnt care my husband loves the house and our kids are here but I had enough. So we liquidated a retirement account and paid them 12k and their atty drew up docs to lower the rate and at 12 months lower it more... being in the industry I know in 12 months if all payments are made on time you can do a gov streamline refinance so at 12 months we are out of there. For the record Eastern savings is a private bank... they do not report to the credit agencies which means if it comes to you having to foreclose it won't be on your credit. If you can't make the payments let it go and save your money and stay in the house until the house is sold at auction don't leave. If you think you can save a decent amount of money between now and the sale save it and then a week before the sale negotiate with eastern savings. there are options if you want to save the house... another angle is ... eastern savings has horrible record keeping so I would venture to say they lost your original note.... they are required to have this... google that information also... predatory lending the fees the charge etc... .google this too. these are of course if you intend on going to court if you are or have been served. I have been through a year and a half with this so know pretty much every legit angle with this bank. please let me know if you want to talk via email. I know how you feel not knowing and there were not a lot of answers out there for me. so... if I can help at all I will.
Thanks and good luck!
rebbrad
New York,New York,
United States of America
What happened to you? Any advice?
#5Consumer Comment
Thu, November 26, 2009
Am interested in what the resolution was to your situation. I hope it worked out. I am asking for a loan mod now and have not yet received an answer.
