Cynthia
HENDERSON,#2Author of original report
Sun, November 27, 2005
With only three days remaining before our home was to be sold at Public Auction, we found ourselves asking our Personal Injury Lawyer if there might be anything he could do to help us. After hearing our entire story with regard to Homecomings Financial, he stated, "I can't say that I have ever heard of a case such as yours. It appears to me that you have been the victims of what we call 'Predatory Lending/ Loan Servicing' and you may well have an excellent case as such. But, since this is not my area of expertise I would not be able to represent you in this matter. But, I would be more than willing to have one of my paralegal staff members make a few phone calls on your behalf. Many times, the mere mention of "lawyer" will make a company have second thoughts about cheating you". As a result of these phone calls, "Homecomings Financial" agreed to postpone the foreclosure sale for another three weeks, so that they could "investigate" our account. Much to our amazement, even the person handling our account stated to us that he had some questions regarding the handling of our account prior to him. All of a sudden, even our new loan company was falling over themselves to help us. We were finally able to speak with the supervisor of their escrow company, who was speechless when told about our situation. She wanted to know why her personnel had not informed her of the problem. She gave us her direct number and assured us that she would get to the bottom of this. We were all wondering why the new loan company had not felt some obligation towards us; after all, they funded a loan without a clear title. They had already sold the loan to another company, to whom we were about to make our second mortgage payment. It appeared that both companies were at fault. Despite this three-week reprieve and the promise of an investigation, we knew in our guts that this was just one more stall technique. Sure enough, two weeks went by without a return phone call from Homecomings. Homecomings even ignored the escrow supervisor's phone calls. As usual, Homecomings waited until three days prior to the sale before responding to our numerous calls. Ironically, the person who was supposedly conducting our "investigation" was the one who reluctantly called us. He coldly informed us that his supervisor was unwilling to wave any of the fees and that the foreclosure sale will proceed. Just as we suspected, the 3 weeks were for the purpose of making them seem noble while tacking 3 more weeks of interest on to the pay-off of our loan. He refused to give us any more information, except that our home would be sold if we were unable to pay the difference out of our own pockets. We only had one option left, sale our car ASAP for the $6,000 difference. We may not have transportation, but we'll have a roof over our heads! Just as we were going to sell the car, the supervisor from our new loan company called and offered to re-write our loan papers- adding to the loan another $10,000 to cover the difference!!! Halleluiah! We will be signing new papers this week and hopefully the people at Homecomings have exhausted their list of tricks. We are still seeking a lawyer to take our case. We may have escaped the grip of Homecomings Financial, but they need to pay for their unscrupulous actions and blatant disregard for fairness. They owe us more than money!!!