- Report: #15474
Complaint Review: Homeq - Sacramento California
-
Author Not Confirmed
Why?
Homeq
P.O Box 13716 Sacramento, 95853 California, U.S.A.
Phone:
1-877-867-7378
Web:
N/A
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Homeq Not Compliant with Soldiers and Sailors Relief Act ..nothing short of a FINANCIAL TERRORIST agency!
We bought our house in 1999 with a mortgage from First Union, and Homeq bought the loan a few months later; this company is nothing short of a FINANCIAL TERRORIST agency!
We have had some problems with this company before(losing our payments), but the real evil of this company came after I joined the Air Force in January of 2001. We rented our house at that time and moved to my first duty station. Our renter left after nine months making it financially difficult to pay the mortgage (we were late twice). I applied for debt relief in accordance with the Soldiers and Sailors Relief Act of 1940, requiring creditors to lower interest on pre-existing debt obligations to 6% while a person performs military service. I sent the application paperwork that Homeq requested three times before I finally got an answer 2 months later--I was denied relief because they said I wasn't on active duty!
I took this written response to my JAG officer(military attorney)
who wrote them a letter confirming my service status and reminding them of their OBLIGATION to comply with the law. So far, no response from Homeq.
Since it is Homeq's obligation to prove in court their position that I am not eligible for financial relief, and since they are notorious slow to respond to my inquiries, I believe I may just stop paying the mortgage altogether.
Then maybe they will take me to court, and then my civilian attorney (who is ex military JAG) will thoroughly eat their lunch. Could be fun...I'll keep all you loyal Homeq fans posted.
Brandon
Frankton, Indiana
We have had some problems with this company before(losing our payments), but the real evil of this company came after I joined the Air Force in January of 2001. We rented our house at that time and moved to my first duty station. Our renter left after nine months making it financially difficult to pay the mortgage (we were late twice). I applied for debt relief in accordance with the Soldiers and Sailors Relief Act of 1940, requiring creditors to lower interest on pre-existing debt obligations to 6% while a person performs military service. I sent the application paperwork that Homeq requested three times before I finally got an answer 2 months later--I was denied relief because they said I wasn't on active duty!
I took this written response to my JAG officer(military attorney)
who wrote them a letter confirming my service status and reminding them of their OBLIGATION to comply with the law. So far, no response from Homeq.
Since it is Homeq's obligation to prove in court their position that I am not eligible for financial relief, and since they are notorious slow to respond to my inquiries, I believe I may just stop paying the mortgage altogether.
Then maybe they will take me to court, and then my civilian attorney (who is ex military JAG) will thoroughly eat their lunch. Could be fun...I'll keep all you loyal Homeq fans posted.
Brandon
Frankton, Indiana
3 Updates & Rebuttals
Dave
Retired Army,Other,
Please reconsider
#2REBUTTAL Owner of company
Fri, March 01, 2002
I hope your JAG officer tells you that in the event that you intentionally stop making payments, you WILL lose your house. You have the obligation to make every effort to remedy this problem, even though it's not your fault. It's just as wrong for you to pay nothing as it is for them to overcharge you. And I can tell you that once foreclosure proceedings have begun, you'll be fighting a 600 pound gorilla, and you'll be doing it by long distance like most people in the service. Don't go there, it isn't worth it. Even if you eventually "win", the house will likely be long gone.
Dave
Retired Army,Other,
Please reconsider
#3REBUTTAL Owner of company
Fri, March 01, 2002
I hope your JAG officer tells you that in the event that you intentionally stop making payments, you WILL lose your house. You have the obligation to make every effort to remedy this problem, even though it's not your fault. It's just as wrong for you to pay nothing as it is for them to overcharge you. And I can tell you that once foreclosure proceedings have begun, you'll be fighting a 600 pound gorilla, and you'll be doing it by long distance like most people in the service. Don't go there, it isn't worth it. Even if you eventually "win", the house will likely be long gone.
Dave
Retired Army,Other,
Please reconsider
#4REBUTTAL Owner of company
Fri, March 01, 2002
I hope your JAG officer tells you that in the event that you intentionally stop making payments, you WILL lose your house. You have the obligation to make every effort to remedy this problem, even though it's not your fault. It's just as wrong for you to pay nothing as it is for them to overcharge you. And I can tell you that once foreclosure proceedings have begun, you'll be fighting a 600 pound gorilla, and you'll be doing it by long distance like most people in the service. Don't go there, it isn't worth it. Even if you eventually "win", the house will likely be long gone.
