Jan
Perry,#2Consumer Suggestion
Fri, September 05, 2003
I am im the process of doing a reverse foreclosure on my mortgage company for breach of contract. I am working with some people who have a 100% success rate at completing this process against the banks. Justice at last!!! I was not having problems with my mortgage company accepting my payments or applying them properly, but I did find out recently that all mortgages are fraudulent. They deceive you from day one. You funded your own loan, and that can be proven.
They monetize your signature on the Promissory Note. They collect in full as soon as you sign the mortgage documents, but still force you to sign a "tenency agreement" in the form of a mortgage or deed of trust, effectively giving them title back on a house you already owned free and clear outright. That is not disclosed to you at the time, therefore they have breached the contract, and it is "they" who are in default.
We follow the same basic procedures they follow to foreclose on us. We follow the laws and state statutes to the letter, and there is nothing they can do to stop us. They have only two choices, Reconvey and give us back the title and deed to the property or ignore us (their most common choice), and we foreclose on them. It hurts their credit and their rating status. What a switch!
You can read more about the history behind the fraud in ++++
Rip-off Report deleted this info, as it was Reported to us this was only an advertisement and NOT legit, that Fairbanks was behind this:
CLICK here to see why we deleted either a phone number, link or e-mail address from this Report.
The company that handles the proprietary administrative process for you has a 100% success rate so far! Several of their operational and legal staff are former employees of Fairbanks Capital who know all their dirty little tricks and how to deal with them. After learning of the banking fraud, they switched sides opting to help people get out of debt and save their homes rather than helping the banks foreclose and take homes away from honest hard working people. I highly recommend it. Good Luck All!
Alice
North Haledon,#3Consumer Suggestion
Thu, August 14, 2003
Bullwinkle....Tell me what the fitch rating system has to do with what is happening here? Oc has a B rating and they are one of the most underhanded companies out there. The fitch rating tells you that they have succeeded making money and they are stable...at the cost of the American people. When they fall, and they will, we will see how they rate with the American people. The 52000 pages of complaints that HUD...public information if your interested, the numerous law suits and the number of complaints just listed on this site should tell you that just going by the fitch rating system can be a mistake for anyone. If you are an investor beware, not is all what it may seem. With the lawsuits pending and the federal organizations actively involved, the tide is changing. We will overcome!!! Our firm recommendation Neenah is to join the class action suit Hanson vs Ocwen/the info is on this site...united for victory!!! Thank-you Kweku!
Bullwinkle J.
The Great Outdoors,#4Consumer Comment
Thu, August 14, 2003
Yet another scam artist operation. Fitch ratings info from a couple of years ago is revealing:
Fitch assigns Security National Servicing Corporation (Security National) its 'RPS3' residential primary servicer rating for subprime and home equity products, and its 'RSS3' rating for residential special servicer. The 'RPS3' rating is based on the company's loan administration, collections, and investor reporting capabilities. The 'RSS3' rating is based on Security National's track record in non-performing loan resolutions and liquidations and REO management. Both ratings also reflect the strength of the company's proprietary technology, experienced and tenured management team, and servicing processes and controls that are uniquely suited to serve the company's business strategy. Security National provides loan servicing for a group of affiliated limited partnerships and limited liability companies which are consolidated into Security National Holding Company, LLC (SNHC). SNHC, through its various affiliates acquires sub- and non-performing residential mortgages, commercial mortgages, real estate and consumer loans. The company's roots date back to 1987 when the first partnership was formed to acquire the loan portfolio of a failed bank from the FDIC. The company's consistently positive income history is directly attributable to its loan acquisition strategies and the performance of its servicing platform, which is headquartered in Eureka, CA with offices in Sacramento, CA, Baton Rouge, LA, Piscataway, NJ, and Denver, CO. As of Dec. 31, 2000, Security National's servicing portfolio consisted of over 100,000 loans with 14,671 residential mortgage loans with a balance of $606 million, of which, approximately 71% were subprime loans, with $185 million in four securitized pools. Fitch's expectation of the company's ability to maintain current performance levels in its servicing platform are based on management's demonstrated commitment to the platform as indicated by its investments in technology, improved integration among servicing offices, and increased management oversight of critical servicing processes. As a 'niche' player in the sub and non-performing loan market, the company's servicing processes and technology are designed to meet the unique requirements of its servicing portfolio. Fitch will continue to monitor the company's performance as the company seeks to increase its acquisitions of residential mortgage loans. Fitch rates residential mortgage primary, master, and special servicers on a scale of 1 to 5, with 1 being the highest rating. Within each of these rating levels, Fitch further differentiates ratings by plus (+) and minus (-) as well as the flat rating. For more information on the review and rating process for servicers, see Fitch's Servicer Rating Criteria research report titled 'Rating Residential Loan Servicers' dated August 3, 1999, available on Fitch's web site at 'www.fitchratings.com'
A
Akron,#5Consumer Comment
Thu, August 14, 2003
I found out who SNSC is. They have a website. www.snsc.com
They are Security National Corporation. This company calls my home at least 3 times per day looking for my daughter's boyfriend who has a car financed with their company. I have told them NOT to call my home. They are either deaf or really stupid. I told them that he DOES NOT live at my home and to STOP calling me about this situation. They DO NOT hear me! I told them that I record ALL conversations and would be filing charges against them if they continue to call my home. Guess what? They STILL call!
A
Akron,#6Consumer Comment
Thu, August 14, 2003
I found out who SNSC is. They have a website. www.snsc.com
They are Security National Corporation. This company calls my home at least 3 times per day looking for my daughter's boyfriend who has a car financed with their company. I have told them NOT to call my home. They are either deaf or really stupid. I told them that he DOES NOT live at my home and to STOP calling me about this situation. They DO NOT hear me! I told them that I record ALL conversations and would be filing charges against them if they continue to call my home. Guess what? They STILL call!
A
Akron,#7Consumer Comment
Thu, August 14, 2003
I found out who SNSC is. They have a website. www.snsc.com
They are Security National Corporation. This company calls my home at least 3 times per day looking for my daughter's boyfriend who has a car financed with their company. I have told them NOT to call my home. They are either deaf or really stupid. I told them that he DOES NOT live at my home and to STOP calling me about this situation. They DO NOT hear me! I told them that I record ALL conversations and would be filing charges against them if they continue to call my home. Guess what? They STILL call!
A
Akron,#8Consumer Comment
Thu, August 14, 2003
I found out who SNSC is. They have a website. www.snsc.com
They are Security National Corporation. This company calls my home at least 3 times per day looking for my daughter's boyfriend who has a car financed with their company. I have told them NOT to call my home. They are either deaf or really stupid. I told them that he DOES NOT live at my home and to STOP calling me about this situation. They DO NOT hear me! I told them that I record ALL conversations and would be filing charges against them if they continue to call my home. Guess what? They STILL call!
Stella
Miami,#9REBUTTAL Individual responds
Tue, August 12, 2003
Read your report, and have some advice...REFINANCE NOW IF YOU CAN!!!!! SN Servicing is just as bad (if not worse) that Fairbanks. Ocwen sold my loan to them last November, in the midst of a forebearance agreement. The three payments I made to Ocwen were never credited to my new account with SN Servicing, and they also left notes on my door and phone calls. When the servicer called me and told me that I could made a payment by phone, I agreed, and gave her the checking account information. Mind you, there was at least $4,000 in the account at the time, and two months later, she calls me to tell me the payment was not honored (even though I never received an NSF notice from the bank at any time). They refused to honor the forebearance and foreclosed quite handily. And, Ocwen had never discharged the foreclosure case they had opened in '97, and SN when ahead and just used their name (Ocwen's) to foreclose on me and the original lawsuit. I was evicted from my home of 14 years on Valentine's day this year. I can't begin to tell you what a traumatic situation this is.
If you want more info on SN, their website is www.snsc.com. They only buy non-performing loans, notes, lottery winning tickets, etc. They don't service anything. They are investors, plain and simple. And the federal government should not allow them to buy so-called non-peforming loans. At least not to buy these properties from lenders who are supposed to follow Fannie Mae and HUD guidelines on servicing and collection practices.
You can post your comments or questions below if you want more info, or if you have any ideas on how to get these people in jail, where they belong.
Good luck to all.
Stella
Miami,#10REBUTTAL Individual responds
Tue, August 12, 2003
Read your report, and have some advice...REFINANCE NOW IF YOU CAN!!!!! SN Servicing is just as bad (if not worse) that Fairbanks. Ocwen sold my loan to them last November, in the midst of a forebearance agreement. The three payments I made to Ocwen were never credited to my new account with SN Servicing, and they also left notes on my door and phone calls. When the servicer called me and told me that I could made a payment by phone, I agreed, and gave her the checking account information. Mind you, there was at least $4,000 in the account at the time, and two months later, she calls me to tell me the payment was not honored (even though I never received an NSF notice from the bank at any time). They refused to honor the forebearance and foreclosed quite handily. And, Ocwen had never discharged the foreclosure case they had opened in '97, and SN when ahead and just used their name (Ocwen's) to foreclose on me and the original lawsuit. I was evicted from my home of 14 years on Valentine's day this year. I can't begin to tell you what a traumatic situation this is.
If you want more info on SN, their website is www.snsc.com. They only buy non-performing loans, notes, lottery winning tickets, etc. They don't service anything. They are investors, plain and simple. And the federal government should not allow them to buy so-called non-peforming loans. At least not to buy these properties from lenders who are supposed to follow Fannie Mae and HUD guidelines on servicing and collection practices.
You can post your comments or questions below if you want more info, or if you have any ideas on how to get these people in jail, where they belong.
Good luck to all.
Stella
Miami,#11REBUTTAL Individual responds
Tue, August 12, 2003
Read your report, and have some advice...REFINANCE NOW IF YOU CAN!!!!! SN Servicing is just as bad (if not worse) that Fairbanks. Ocwen sold my loan to them last November, in the midst of a forebearance agreement. The three payments I made to Ocwen were never credited to my new account with SN Servicing, and they also left notes on my door and phone calls. When the servicer called me and told me that I could made a payment by phone, I agreed, and gave her the checking account information. Mind you, there was at least $4,000 in the account at the time, and two months later, she calls me to tell me the payment was not honored (even though I never received an NSF notice from the bank at any time). They refused to honor the forebearance and foreclosed quite handily. And, Ocwen had never discharged the foreclosure case they had opened in '97, and SN when ahead and just used their name (Ocwen's) to foreclose on me and the original lawsuit. I was evicted from my home of 14 years on Valentine's day this year. I can't begin to tell you what a traumatic situation this is.
If you want more info on SN, their website is www.snsc.com. They only buy non-performing loans, notes, lottery winning tickets, etc. They don't service anything. They are investors, plain and simple. And the federal government should not allow them to buy so-called non-peforming loans. At least not to buy these properties from lenders who are supposed to follow Fannie Mae and HUD guidelines on servicing and collection practices.
You can post your comments or questions below if you want more info, or if you have any ideas on how to get these people in jail, where they belong.
Good luck to all.
Stella
Miami,#12REBUTTAL Individual responds
Tue, August 12, 2003
Read your report, and have some advice...REFINANCE NOW IF YOU CAN!!!!! SN Servicing is just as bad (if not worse) that Fairbanks. Ocwen sold my loan to them last November, in the midst of a forebearance agreement. The three payments I made to Ocwen were never credited to my new account with SN Servicing, and they also left notes on my door and phone calls. When the servicer called me and told me that I could made a payment by phone, I agreed, and gave her the checking account information. Mind you, there was at least $4,000 in the account at the time, and two months later, she calls me to tell me the payment was not honored (even though I never received an NSF notice from the bank at any time). They refused to honor the forebearance and foreclosed quite handily. And, Ocwen had never discharged the foreclosure case they had opened in '97, and SN when ahead and just used their name (Ocwen's) to foreclose on me and the original lawsuit. I was evicted from my home of 14 years on Valentine's day this year. I can't begin to tell you what a traumatic situation this is.
If you want more info on SN, their website is www.snsc.com. They only buy non-performing loans, notes, lottery winning tickets, etc. They don't service anything. They are investors, plain and simple. And the federal government should not allow them to buy so-called non-peforming loans. At least not to buy these properties from lenders who are supposed to follow Fannie Mae and HUD guidelines on servicing and collection practices.
You can post your comments or questions below if you want more info, or if you have any ideas on how to get these people in jail, where they belong.
Good luck to all.
Anita
Granville,#13Author of original report
Wed, May 21, 2003
Just got a new statement from our "dear" friends in Jacksonville. They say they didn't get our Jan. 2003 payment. Which they want paid by last month. So cute . . . Especially when they neglected to send their request until now.
They also want this month's payment---even though they've sold our mortgage and aren't entitled any longer.
I have my Feb. statement showing they got and credited our payment. The horror continues even after they sell us off!
But why not? They've done worse to so many others.
I'll do another Google search for SN. Anyone heard of Bridger Capital? Not Commercial or the Funding people, I don't think. We want to check them out before contacting someone there.
Elvera
Carrollton,#14Consumer Suggestion
Fri, May 16, 2003
I found a website that has info on Mortgage servicers in Utah.
I used google and typed sn, mortgage servicer
The site I looked at only had the name and address and possible the name of the Owner, Sandra Austin, who filed for registration.
I'm sure if you look at all the links from the search you will get more info.
Anita
Granville,#15Author of original report
Thu, May 15, 2003
Did a search for SN which brought up nothing about them.
A good sign? I hope so. If not, I'll be the first or one of the first to report.
Also, I must apologize for all the mistakes in my first report. I usually correct them all with a magnifying glass and/or the preview option. Didn't have the magnifier handy and, alas, there's no preview button here. Sigh . . .