Complaint Review: Homecomings Financial (gmac) - Waterloo Iowa

Hello to Paul & one & all! We may sound like a broken record but are not so! NO Employees here! If you kindly look on this site for comments about Gmac Mortgage LLC, Nationstar Mortgage LLC & Law Offices of David J. Stern, you shall see that we pray for all victims! So the message is clearly not the same but Paul you are entitiled to your Human Error & your guess, as well. We are old but we have a small group with mighty big encouragement & big praises for those who stand up & fight! However, we do not condone, nor accept anybody to simply say: payments were not paid... it does not work that way regardless of the reasons; one must choose to make the payments. Because if the other side does not accept than that is a definite problem the other side creates, not the homeowner. Although, we sympathize with many of the others hardsips, as well! But for the most part we do strongly encourage others to fight for what is rightfully theirs especially if they are the ones that have been wronged by these giants! Paul, you shall see by other reports other Employees were quickly put in their place if they reached out & harrassed somebody, we do not tolerate this! So before you assume you should have your facts straight but you are entitled to your opinion & your guesses. God Bless all true victims & may they be granted swift justice.

that most large lenders are simply servicers of your loan. They have acquired a crummy loan that an uneducated homeowner mistakenly signed up for. GMAC and many of these other companies are not on the hook for your loan - the investor is. The servicer is simply a payment collector for the investor. The servicer has an obligation to the investor to collect your payments on time. When a homeowner fails to make their payments, the servicer (GMAC) is still required to make your payments to the investor for you. So - they're fronting money for payments they're not getting from you - mutiply this by tens of thousands of homes and you can see how this is very costly for companies such as GMAC to have to absorb. The last thing a servicer wants to do is to take someone's home - it costs everyone money, especially the servicer. But the only relief the servicer gets is throught the foreclosure process. At that time, they no longer have to make your payments to the investor for you. And if the loan has PMI - well - it's insured against loss. Although I sincerely sympathize that the servicers and lenders can be difficult and impossible to make hardhip arrangements with (I'm a "victim" myself and have lost my home), at the end of the day, YOU are the one that signed the promissory agreement with whatever XYZ broker you took your loan out with and you are the one not honoring your obligations. You know going into this that failure to make your payments can result in loss of homeownership privileges. My suggestions moving forward is to make sure homeowners clearly understand the terms of their loan, and try to deal directly with the banks. The banks are held to amuch higher standard than a broker - they're regulated by both state and Federal law. Their loan officers are generally licensed and certified and have a substantial amount of education and experience.

GMAC - RESCAP - HOMECOMINGS FINANCIAL BREACH of CONTRACT, Violations with TILA, RESPA, COMMERICAL BRIBERY NATIONWIDE if you have had any of the above happen to you please refer to the website below for info, weblink for blog and information on suit www.homecomingsfinanciallawsuit.blogspot.com Amelia houston, Texas

One thing has struck me in the rabutals to several of the reports on this company. They are all by Miss Guardian and they all say basically the same thing. It is that Homecomings is fine - pay up. I have no problem with this if this is just her opinion but I believe there is much more to it than that. If, as I suspect, she is an employee of Homecomings then she needs to identify herself as such. Her comments are all the same in each rebutal. If we are being exposed to the companies opinion then let it be presented as the company opinion. Any comments Miss guardian?

Homecomings Financial We are in the same boat as all of you on this report Waterloo Iowa I wanted to tell you all that in these reports I can so relate to you! We are losing everything including the family.This company has put so much stress on our relationship ,marriage ,family that it ripped us all apart.My husband & I worked so hard to keep the house payment going that we are falling behind on all the rest..Our house payment was $400.00 then went to $1200.00 ...We have tried to contact Homecomings. We were told they would call back & my husband took of 3 days of work without pay and they never called ,They said we never faxed them the proper forms.I feel like we are all victims but we aren't stupid. We all work & pay our bills ,mortgage,utilities,We did get a Lawyer to help but we aren't getting help at all.We pay our house payment than we get a statement we are late on our payment ..So they tack on more interests. We were told by our insurance company that we didn't pay house insurance either..We all need help & should all stick together. I just called Homecomings today to talk with someone & was on hold for 23 minutes then was told to that I wasn't authorized on this account...I'm on the credit report with all the information. I think we are at the point where they can take my house.I can't keep doing this.We are hard working people that pay our bills. I want to just walk away from the house.I don't have much dignity left. We are getting ripped off to no end.How can they get away with this. Kelly Wisconsin Rapids, Wisconsin

Although it is sad, you do admit that indeed you had refused to make a payment then thereafter you were unable to make a payment. Sometimes, one must make a sacrifice to do more than the usual to compensate for any deficiency that is expected to occur. This is sad. However, I do feel sad for you & your loved ones but the other side should remain respectable of which, it does sound as if they were not remaining or maintaining a professional status. You should voice your opinion of this in writing to them & demand an apology if you feel one should be granted. But the facts remain if they did not receive their money than they are well within their rights to assert a request to be paid. PLease try & work this out with them & try & be honorable to acknowledge & accept your debt to them. By doing this they may just reconsider to work extra hard with you. God Bless You.