- Report: #404537
Complaint Review: HomeEQ Servicing - Raleigh North Carolina
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HomeEQ Servicing
701 Corporate Center Drive Raleigh, 27607 North Carolina, U.S.A.
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HomeEQ Servicing Forcefully Evicted Us From Our Family Home, We had the Funds to Buy the Propery cash Raleigh North Carolina
Like many other families we fell pray to HomeEq. I was a home builder and this was a costume made home I build for my family. After the crash of the real estate market my construction business also crumbled. Eventually I could no longer make my mortgage payments. HomeEq refused to modify our loan; during the foreclosure stage they refused two (2) short sale offers.
And finally, after they got the writ of position on my property they refused a cash offer for the full balance of the mortgage. We were told that if we wanted to buy our home we would be allowed to bid on it 30 days after the Eviction. Why you ask? It's simple; HomeEq is a servicing company that works for major bank who owns the note on the property.
While they have the account they are making money. They will rather evict a family that's ready to payoff a home. The moment I paid my loan they would lose the account and the continuing revenue they stood to earn from the foreclosure, eviction, preparing for sale, and finally sale of the home.
I was evicted; I had rent for two months, when the house was offered for sale I was able to purchase it back for less the 60% of the original mortgage sum. It did not matter to HomeEq they were not losing a penny, JP Morgan / Chase took the hit and loss over $ 130,000.00
HomeEq profits on family's misery caused by their greed.
Carlos
Miami, Florida
U.S.A.
And finally, after they got the writ of position on my property they refused a cash offer for the full balance of the mortgage. We were told that if we wanted to buy our home we would be allowed to bid on it 30 days after the Eviction. Why you ask? It's simple; HomeEq is a servicing company that works for major bank who owns the note on the property.
While they have the account they are making money. They will rather evict a family that's ready to payoff a home. The moment I paid my loan they would lose the account and the continuing revenue they stood to earn from the foreclosure, eviction, preparing for sale, and finally sale of the home.
I was evicted; I had rent for two months, when the house was offered for sale I was able to purchase it back for less the 60% of the original mortgage sum. It did not matter to HomeEq they were not losing a penny, JP Morgan / Chase took the hit and loss over $ 130,000.00
HomeEq profits on family's misery caused by their greed.
Carlos
Miami, Florida
U.S.A.
1 Updates & Rebuttals
Harley
Houston,Texas,
U.S.A.
Trying to understand :o)
#2Consumer Comment
Wed, January 07, 2009
Hi.. I read your post regarding HomeEqServicing and guess I'm trying to understand. If you had the money to pay off the entire mortgage, why did you fall behind on the payments? I'm putting myself in your shoes because it can happen to any one of us. Market is bad, I lose my job, I fall behind on a few payments, it surely can happen and it does. But, if I had the money in the bank to pay the loan in full, I would have rathered continued making my monthly payments and not fall behind on my mortgage or other debts and still have a cushion for other possible emergencies. Unless of course, I don't see the full story. Possibly you came into a lump sum of money after falling behind in the payments.
