Complaint Review: Household Financial Services / HSBC / Beneficial / Advanced Financial Services / MERS - Brandon Florida

I'm sorry to here that you and you're family are going through hard times now. I would just like to tell you that all though it may seem like it now, this is not the end of the world. Things will get better with time. Do not let this tear your family apart! I know what you are going through and while I don't have any answers on how to keep your house, I will tell you that the love of family and friends will get you through this. Please keep your chin up, fight as hard as you can, and don't listen to the nay sayers and people who think they know what they are talking about (we know the truth!). Hang in there and may God bless you and your family.











                               Sincerely, Randy

I made an error in my post "Not A Rebuttle", thus it may not make sence. I would like to thank the person named Stacy for her comment about her Christian resolve with her situation. When I scrolled back up to get the name of the writer - I grabbed the wrong one! Although I still want to thank Randy and most of all Ed and Ripoff Reports! Saints among sinners! Lol.

With tears in my eyes, I read your post. I am scared and in a bad place/situation with these folks too! Your straight forwardness about inevitability and your Christian resolve to walk away keeping peace and your family intact was inspiring and much needed for me to see. You and Ripoff Report just may be saving a 31 yr. marriage! I realize that the post is dated (old), but the company is still doing business and by keeping this post you (Ripoff Report) are still helping many others in many different ways! Thank you Randy and thank you to Ed Magedson & his Ripoff Report Site! May God bless him for all that he does and the people he stands-up for and may God bless you for your wise words! :-)

Hey, sorry to leave you hangin for so long. I am mildly amused at your sarcasm,but,for the most part you have hit the nail on the head! I know there is corruptness Within the banking industry as well as the government,it is in the news nearly every day. Thanks for the thoughts.

The real story is I got involved with a subprime lender who bundled my loan and bet against me. Yes I was late on 2 payments but more than made good on them (late fees etc.). The truth is the lender made sure the loan failed screwing me as well as the investors, but I'm guessing you really already know that. I did not get bailed out like the banks did,and I took my lumps. I stand by everything I have stated. I did Man Up and have moved on, I'm doing well now making a good honest living, can you say the same? The banks need regulation, baby-sitters because they can not be trusted to be honest and forthright. I will also say not all banks are like this. I'm back on my feet and I don't need to be dishonest and unethical to provide a living for my family. Thanks for thinking of me.

People don't want to hear the truth, which is as you said, they are responsible for the current situation and the banks have no obligation to get them out of it or help them in any way.  Why would they want to?  Its not like you are a valued customer that they would want to hang on to.  You can't meet your side of the obligation yet it their responsibility to help you?  And of course when they don't - they are evil, bad and corrupt.  Easy solution - next time - don't use a bank.  When you ask their help to purchase a home, you are in debt to them and you don't own your home until you paid them back as agreed.  So stop with the stupid logic that you are entitled to anything - you aren't.  Man up - take resonsibility for your actions and quit blaming every company in the world for actions (or non actions) that you have taken.  I really hope that this sense of entitlement isn't a characteric that continues to our younger generation.  We will be a country of wimps sitting around waiting for things to change instead of taking actions and making changes.  quit the blaming and take actions ...

You got behind on your payments.  As such, YOU turned on the collections efforts.  YOU didn't like it when they went afer you because YOU FAILED to live up to your end of the contract.  So now, they are illegal...they are liars...they are this and they are that.  Next, you go out looking for some government entity to "help you" to keep breaking the contract.  No government body would do that so now I guess the government is a liar, is illegal and is this and that.  If you had a legitimate case...a case a lawyer thought there was a chance he/she could win (and get paid) then that lawyer would have gladly taken on your case on a contingency basis.  Apparently nobody thought you had a case beyond the lender using contractual remedies to make themselves whole because the borrower DID FAIL to perform as the borrower said he/she/they would perform.  So I guess the legal system is made up of illegals, liars and this and that.

Nothing new here!

Sad to tell you, they got my house. It's almost impossible to fight a financial institution that has more money than some small countries. Also, and I might be peeing in the wind here,but,my state and federal government did not help me at all. It is infuriating to me that I could'nt get any help when I needed a "bailout", but when the big banks need help, the government doles out billions of taxpayer dollars,that is not capitalism,that is crap.

I know who you are,but thanks for letting us all know of you're name change "Embrace Home Loans". Just so we are clear Advanced Financial Services of Newport,RI is the institution I dealt with! Beware people,a new name and wonderfull reports from the BBB does not change the fact that these people play dirty. 

Please correct and clarify any references to "Advanced Financial Services" listed on your website. We have been in business since 1983, and recently changed our name to Embrace Home Loans. You can learn more about our company, products, services and people here: http://embracehomeloans.genuineinteractive.com/about-us.aspx

The company you reference in the Report is:

LARRY W. TYLER and


ADVANCED FINANCIAL SERVICES, INC.,

of Texas

AFS which was established in 1983 has changed its name to Embrace Home Loans in part to avoid confusion with other financial services companies as it continues to grow.

The new name reflects more where weve been than who weve become, the company said in a press release on the change. So weve decided to make a change, and searched for a name that defines not only what we do but also what we care about.

Advanced Financial Services is now Embrace Home Loans . More than a new name, it's our way of reaching out to say "thank you" to the customers we've served for over 26 years. For the warmth and kindness you've shared in the hundreds of letters paying tribute to the extraordinary people who've been a part of our family. It's been an honor and a privilege.

As a pioneer in mortgage lending, we remain a prominent leader in the industry today. Embrace Home Loans is a direct lender for Fannie Mae, Freddie Mac and is an approved issuer for Ginnie Mae. We are a HUD-approved lender for FHA insured mortgages. Embrace Home Loans is licensed in 43 states. Since 1983, we have helped over 150,000 individuals and their families purchase new homes, lower their monthly payments, and consolidate high-interest debt so they can enjoy some extra spending money. In the past year alone, our mortgage specialists helped arrange over $1.3 billion in homeowner loans - all over the phone and online!

We have the experience and the resources to be your mortgage lender for the long haul. When you work with Embrace Home Loans, there's no middleman: Embrace is a direct lender. We don't make decisions exclusively based on your credit history, because we want to lend to people, not numbers. You won't pay an application fee; and we arrange your entire loan over the phone with the option to close in as few as 21 days. Let us help.

From our corporate headquarters in Rhode Island, we employ over four hundred Mortgage Specialists and supporting staff to provide you with the personalized home financing you need to reach financial stability and your other dreams.

Our Embrace Home Loans Mortgage Specialists will be happy to lend you a hand in choosing the right loan product for your situation. We are an active member of the Mortgage Banker's Association of America. We're also a direct lender for Fannie Mae, Freddie Mac, and HUD. We are an Equal Housing Lender and an accredited business of the Better Business Bureau.

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             i know its been 3 years since this report started, im in same situation. just curious of your status now, hope you or some one can update the situation thanks

HE IS RIGHT THEY HAVE NO RIGHT TO FORECLOSE ON YOUR PROPERTY THEY FASLSEFEIT INCOME DOCUMENTS AND SIGNATURE IN MY CASE WHICH IS CURRENTLY IN PRINCE WILLIAM COUNTY CIRCUIT COURT GOING TO TRIAL

Go immediately to the Courthouse in your County. Find the Deed of Trust from HFC that was placed against your property. Look at the signatures. They are probably NOT yours. The terms of the loan are probably NOT what you agreed to either. THIS is what HFC/MBNA/Beneficial got caught doing. THIS is the basis of the class action lawsuit brought against them. THIS is what caused the FEDS to get involved. THIS is why HFC et al, plead GUILTY to all counts and paid out nearly $430M in the settlement. Granted, all but about $500/each went to the Attorneys and the States, but it sure put them in a ringer. I haven't paid on their falsified loan in years, and they haven't even attempted to foreclose. They can't. They know they need proper documentation to do so, and without signatures, they are S-O-L. Good luck.

Go immediately to the Courthouse in your County. Find the Deed of Trust from HFC that was placed against your property. Look at the signatures. They are probably NOT yours. The terms of the loan are probably NOT what you agreed to either. THIS is what HFC/MBNA/Beneficial got caught doing. THIS is the basis of the class action lawsuit brought against them. THIS is what caused the FEDS to get involved. THIS is why HFC et al, plead GUILTY to all counts and paid out nearly $430M in the settlement. Granted, all but about $500/each went to the Attorneys and the States, but it sure put them in a ringer. I haven't paid on their falsified loan in years, and they haven't even attempted to foreclose. They can't. They know they need proper documentation to do so, and without signatures, they are S-O-L. Good luck.

Go immediately to the Courthouse in your County. Find the Deed of Trust from HFC that was placed against your property. Look at the signatures. They are probably NOT yours. The terms of the loan are probably NOT what you agreed to either. THIS is what HFC/MBNA/Beneficial got caught doing. THIS is the basis of the class action lawsuit brought against them. THIS is what caused the FEDS to get involved. THIS is why HFC et al, plead GUILTY to all counts and paid out nearly $430M in the settlement. Granted, all but about $500/each went to the Attorneys and the States, but it sure put them in a ringer. I haven't paid on their falsified loan in years, and they haven't even attempted to foreclose. They can't. They know they need proper documentation to do so, and without signatures, they are S-O-L. Good luck.

Go immediately to the Courthouse in your County. Find the Deed of Trust from HFC that was placed against your property. Look at the signatures. They are probably NOT yours. The terms of the loan are probably NOT what you agreed to either. THIS is what HFC/MBNA/Beneficial got caught doing. THIS is the basis of the class action lawsuit brought against them. THIS is what caused the FEDS to get involved. THIS is why HFC et al, plead GUILTY to all counts and paid out nearly $430M in the settlement. Granted, all but about $500/each went to the Attorneys and the States, but it sure put them in a ringer. I haven't paid on their falsified loan in years, and they haven't even attempted to foreclose. They can't. They know they need proper documentation to do so, and without signatures, they are S-O-L. Good luck.

I feel for you and your family. I, myself, am in the process of going through a foreclosure just to get away from this nightmare company!!! They indeed practice predatory lending and feed on those of us who just want to own a home. I have absolutely no regrets on letting them have my home. I am now happy renting and love not having to deal with HSBC, BENEFICIAL OR ANY OTHER AFFILLIATE. At this point, I don't think there's anything you, I, or anyone else can do to this company. They have cost me and my family so much money and heartache, that all we want to do is leave and never look back. I am a true Christian and firmly believe that they will get what they deserve. Obviously not right now, but one day!!! God Bless You!!!

YOU MAY WANT TO CHECK IF HOUSEHOLD OR SOME OTHER COMPANY MADE THE MORTGAGE AND THAN VERIFY THAT THEY HAD A LICENSE TO DO SO IN MOST STATE THEY ARE LICENSED AS A SMALL LOAN COMPANY AND ARE NOT AUTHORIZED TO MAKE MORTGAGES FURTHERMORE THEY LOVE TO FALSEFY INCOME AND IF SO THAT MORTGAGE IS NOT WORTH THE PAPER WRITTN ON AND YOU CAN SUE AND THEY ARE UNABLE TO FORECLOSE GET AN ATTORNEY

Randy, We have had a problem with Beneficial as well. I just wanted to let you know of what we are doing, and of what you could do to try and get some relief. We are currently in contact with a consumer rights attorney in Madison, that has dealt with companies like this one before. My recommendation would be to contact the lawyer's referal service in Madison and find a consumer rights attorney in your area. The other suggestion that I have for you is to contact the states attorney generals office. Most of the time they are willing to look into situations like yours if you have good documentation of what all has happened. What might be a good idea is to start with your local state representative and have them point you in the right direction. Wisconsin has a pretty good system for investigating and dealing with consumer complaints. The Better Business Bureau might also be another good place to file your complaint. Good luck to you and your family in your pursuit of justice against a financial manipulator.