- Report: #737176
Complaint Review: Nationstar Mortgage LLC - Tempe Arizona
Reported By:
Wendy Real Estate Broker -
Kingman, Arizona, United States of America
Submitted:
Updated:
-
Author Not Confirmed
Why?
Nationstar Mortgage LLC
350 Highland Dr., Lewisville, TX 75067 Tempe, Arizona, United States of America
Phone:
800-588-2112 x279
Web:
www.nationstarmtg.com
Categories:
Business Rating:
(0)
Tell us has your experience with this business or person been good?
Nationstar Mortgage LLC Asset Foreclosure Services ReMax Realty is part of their Rip off scams, and they use their own "inside" title company Tempe, Arizona
Predatory lender through Lending Tree.com, who gets a commission for referring this company.
Nationstar uses ReMax Realty on a nationwide basis, to re-sell the homes that they steal from consumers, who fall victim to their deceptive loan practices. Don't use Lending Tree.com for loan quotes, or ReMax to buy a foreclosed home, and run as far away from Nationstar as you can.
Here's the scam: They use a local no-name appraiser to puff up the value of your home. Then Nationstar gouges customers at higher than normal interest rates, but guarantees a much lower rate and re-fi within 2 years, with no qualifying, and at absolutely no cost. After you make all your payments on time, and you call for a re-fi or restructure, they find every excuse in the book why the restructure won't happen.
However, instead, they claim to have a program, that if you allow your mortgage payment to fall 4 months behind, and provide them with a hardship letter, this will automatically qualify you for their FHA restructure program. When the 4 months is up, and you send the hardship letter, they immediately commence Foreclosure proceedings, and foreclose through a Trustee's sale, within sixty (60) days. A Nationstar rep calls you up, and asks you when you are going to move. This one was from their Tempe, AZ office.
Nationstar recently removed hundreds of foreclosure listings from their website, to create a false market, as if they don't exist. Then they have ReMax post the foreclosures in-house, who describes the homes to contain valuable appurtenances, or features, that do not physically, or legally exist. Under their own lending guidelines, Nationstar cannot consider more than 5 acres of land as collateral in any transaction, and neither can their appraisals.
I just filed a court case in Mohave County, AZ, against Nationstar who pulled this exact scam, and are trying to rip me off of over 11 acres of land, and fraud me out of my privately owned well. The ReMax office is also named in the suit, who illegally listed, advertised, and conspired to hook up my repo'd home to my private well, just to make a sale by frauding the Veterans Administration to make it appear, like the home had running water.
The bad part is, they allowed a disabled Vet to take possession of the home before the sale could record, and Nationstar used their own title company in Texas to do the closing. Now we have Federal fraud (VA), and a trail of bodies. This has to be stopped. Nationstar is a private lender, backed by Private money. Venture capitalists. Time to fight back. We need an empathetic attorney, who is willing to commence a class action suit, that won't take us to the cleaners as well.
Nationstar uses ReMax Realty on a nationwide basis, to re-sell the homes that they steal from consumers, who fall victim to their deceptive loan practices. Don't use Lending Tree.com for loan quotes, or ReMax to buy a foreclosed home, and run as far away from Nationstar as you can.
Here's the scam: They use a local no-name appraiser to puff up the value of your home. Then Nationstar gouges customers at higher than normal interest rates, but guarantees a much lower rate and re-fi within 2 years, with no qualifying, and at absolutely no cost. After you make all your payments on time, and you call for a re-fi or restructure, they find every excuse in the book why the restructure won't happen.
However, instead, they claim to have a program, that if you allow your mortgage payment to fall 4 months behind, and provide them with a hardship letter, this will automatically qualify you for their FHA restructure program. When the 4 months is up, and you send the hardship letter, they immediately commence Foreclosure proceedings, and foreclose through a Trustee's sale, within sixty (60) days. A Nationstar rep calls you up, and asks you when you are going to move. This one was from their Tempe, AZ office.
Nationstar recently removed hundreds of foreclosure listings from their website, to create a false market, as if they don't exist. Then they have ReMax post the foreclosures in-house, who describes the homes to contain valuable appurtenances, or features, that do not physically, or legally exist. Under their own lending guidelines, Nationstar cannot consider more than 5 acres of land as collateral in any transaction, and neither can their appraisals.
I just filed a court case in Mohave County, AZ, against Nationstar who pulled this exact scam, and are trying to rip me off of over 11 acres of land, and fraud me out of my privately owned well. The ReMax office is also named in the suit, who illegally listed, advertised, and conspired to hook up my repo'd home to my private well, just to make a sale by frauding the Veterans Administration to make it appear, like the home had running water.
The bad part is, they allowed a disabled Vet to take possession of the home before the sale could record, and Nationstar used their own title company in Texas to do the closing. Now we have Federal fraud (VA), and a trail of bodies. This has to be stopped. Nationstar is a private lender, backed by Private money. Venture capitalists. Time to fight back. We need an empathetic attorney, who is willing to commence a class action suit, that won't take us to the cleaners as well.
2 Updates & Rebuttals
dave
Encino,California,
United States of America
Falling behind?
#2General Comment
Sun, March 10, 2013
Don't believe anyone who says it's okay to fall 4 months behind on your mortgage payments!! This LO was obviously a little shady if indeed that was what was said. When applying for a loan modification always try to work things out with your mortgage company before the trouble starts, if you see it coming. Not after it's past the point of no return..
Whos with me?
Las Vegas,Nevada,
United States of America
Nationstar got my parents too!
#3Consumer Suggestion
Thu, July 14, 2011
I would love to add my father to your class action suit against Nationstar Mortgage. We live in Nevada and they did to him exactly as you described in your ripoff report. However, they have already served him the trustee sale papers today. The sale is suppose to go on three weeks from today and I don't think I can wait for a class action suit. I am helping my father file a complaint of fraudulent behavior and predatory lending against Nationstar Mortgage. My dad has all his paper work from them. I would love to talk to others who Nationstar Mortgage has screwed over. I will share my info with you so you can use against Nationstar if you plan to file your own complaint.
Please email me at [email protected] . I am dead SERIOUS everyone. By the looks of how many people Nationstar Mortgage got. I am sure we should all be able to win our cases if we stick together.
Date: July 14, 2011
