- Report: #834938
Complaint Review: Susan Unti-Smith - Chicago Illinois
Reported By:
Susan Unti-Smith -
Chicago, Illinois, United States of America
Submitted:
Updated:
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Author Not Confirmed
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Susan Unti-Smith
6033 N Sheridan #38G Chicago, 60660 Illinois, United States of America
Phone:
972/956-6059
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Susan Unti-Smith Nationstar got everything wrong when they bought my loan starting with my name. Chicago, Illinois
Nationstar bought my loan about fifteen months ago. I live in a forty-five story building with one hundred and fifty million dollars worth of liability insurance. I pay hefty association fees to keep up the policy. Nationstar has been billing me for liability insurance. I have made attempt after attempt to prove to them that I have it. I think I have faxed to policy to everyone in their employ; they still do not have this corrected. Furthermore, I have been paying my regular mortgage payments, minus the charges for the insurance which I do not require and the thousands of dollars worth of interest they are attempting to charge me for not paying it. They are not crediting me with having made the payments and have messed with my credit report. I am attempting to buy a new car and am having difficulty securing a loan because, according to their records, I have not paid my mortgage, even though I have never missed a payment. My name on the loan is not even correct. I have a hyphenated last name and they blended it together and spelled it incorrectly. They don't even know who I am. Is there a class action lawsuit against Nationstar? If so, I am anxious to put my name on it.
1 Updates & Rebuttals
Robert
Irvine,California,
U.S.A.
You may be wrong
#2Consumer Comment
Tue, February 07, 2012
I live in a forty-five story building with one hundred and fifty million dollars worth of liability insurance.
- When you mention a 150 Million dollar policy I figure you are talking about the policy that the Association holds. This often ONLY covers things that the association would be liable for, such as the outside structure. It would not cover things inside your actual unit that you are responsible for.
There are several types of policies, if the association is covering the exterior and common areas most likely you need one that covers the interior of your unit. This would be something like an HO6 policy. However, before you buy ANY insurance you should contact a)The mortgage company to find out exactly what type of insurance they are looking for,b)The association to see if by some chance that is the type of insurance they have, c)If you need a policy an Insurance Agent who can sit down with you and explain the differences between the policies.
If you are not insured correctly you are probably going to owe the late fees and additional interest, and all negative information being report is also probably going to stick. You may be paying your "mortgage", but if you don't pay what you owe they may start foreclosure procedures on you. So you better do this sooner than later instead of waiting around for someone else to start a Class Action Lawsuit.
