Dari
SAN DIEGO,#2Consumer Suggestion
Sat, June 16, 2007
I have done this several times with this company to fix a clients credit, restore there lost points then refinanced them. The longest it has taken me with them is 6.5 weeks. Nothing bothers me more then this. Just so you know you can go to ftc.gov and file a formal complaint. RESPA section 6 states if you refinance or your loan is sold the borrower is to receive a 60 day grace period. the lender can not charge LATE FEES OR PENALTIES OR REPORT LATE PAYMENTS TO THE CREDIT BUREAU. THAT IS 3 - VIOLATIONS OF RESPA SECTION 6 YOU OLD LENDER IS ALSO IN VIOLATION OF RESPA SECTION 6 FOR REFUSING YOUR PAYMENTS AFTER SELLING YOUR LOAN OR TELLING YOU THEY WILL NOT EXCEPT ANY PAYMENTS FROM YOU. The old lender and the new lender must contact you in writing no less then 15 days before the first payment is do to the new lender if they failed to do this that is also a violation of respa. File your complaint at www.ftc.gov to get back all the penalties and late fees you were charged plus interest. While that is going on it takes a while. if you like call me at 619-204-2173 and I will glad to help you with your documents have the late payments permantly removed. god bless