John
Louisville,#2Consumer Suggestion
Wed, September 01, 2004
Depending on the law of the state where the property is located, the name on the release should probably be the same as the name on the mortgage, regardless of who the current title owner is. To be sure of this, you should probably contact a title attorney in the state where the property is, but I would definitely talk with a lawyer before going through an "assumption" process with extra fees, etc.
VB
Irving,#3UPDATE EX-employee responds
Mon, August 30, 2004
The reason why so many reports on EMC Mortgage Co. was filed is because it really IS a screwy company run by schemey people ready to scam if given the chance. Half of the employees there do not know what they are doing.. why? Because the turn-around rate of employees is about 6 months. So every 6 months, someone new joins w/o proper knowledge of their job or even the industry! EMC is a small company with only ONE office located in Irving, TX. There is about 1000 employees. Why am I telling you this? Because it is vital to supporting your choice of sueing this awful company... getting your home back and putting them out of their misery. This is a small company so winning the lawsuit is in your favor-- by all means, go for it! They are scared to death about lawsuits. The only thing that will not go your way is that this company is under a subsidary of a much larger company - Bear Stearns. But don't let that discourage you. DON"T LET EMC MORTGAGE RUN AWAY WITH YOUR HOME!
Brent
Greenwood,#4Consumer Comment
Fri, August 27, 2004
i too had a mortgage with EMC. I ended up going through a divorce and EMC would not give me the time of day nor help me in any matter. I tried to explain to them that SHE was in control of the finances til i figured out the was not paying the mtg, but, byu then, it was too late. I was already 3-4 months behind. Emc stated that after 90 days, there is not negotiating or starting up a financial plan to assist. They demanded i pay the full amount owed within two weeks or it would be sent to the courts. I contacted an attorney who put a stop to that and eventually sold the house. I STRONGLY SUGGEST you contact an attorney a.s.a.p. !!!!