Homecomings Financial is a rip off. My home has went into foreclosure and of course they were willing to help. They gave me these outrageous fees (attorney fees, administration fees, etc,) in addition to the fees to catch up the mortgage. They did a worksheet and they are charging outrageous fees in order forme to keep my home!! These people are crooks, not to mention my mortgage has more than doubles since I bough the home about three years ago. I only see myself sinkng deeper and deeper with these people!!! Is there anyone out there who can help me? I don't want to lose my home, but I don't know what to do??

I made payment under Repayment Plan one day after the ten day grace period via Western Union Quick Collect on May 31, '07. Homecomings returned payment to Western Union June 3, summarily had their foreclosure trustee hold sale June 6, I was not advised that they were returning payment until the end of June, they kept sending me repayment plan worksheets, telling me that the property was not being sold (after they bought it at the sale!), calls to their Foreclosure trustee confirmed that no sale was scheduled before and after it was sold. Both firms lied for months, I finally got suspicious and confirmed that it had been sold despite having my payment in their hands! When I set the failed Repayment Plan up months before, they attempted to charge me thousands in attorney and foreclosure fees that exceeded the statutory limitations set forth in California Code. When I pointed this out to them they quickly removed all charges, but anyone who doesn't read the fine print in the code is fresh meat for Homecomings game and I'm sure they've made millions bilking people with their repayment plans, then SNEAKING in an unannounced foreclosure sale, recovering the property (that was the last thing they wanted to do, they wanted to "work things out"). They sent me repayment plans and contacted me after the sale in June until October. They acted like no sale had occurred, even when I informed them that it had and that a Repayment Plan was not an option, they said they could still do it! They were just trying to see if I'd be stupid enough to send them more money and still wind up with nothing. They will be serving eviction papers any day now, but I'm going to continue to fight. If you did a plan with them but had to pay attorney's fees pursuant to foreclosure for the privilege, make sure that what you paid was legal. I can tell you what applies in CA and most states have their codes posted on the Web. I'd be glad to lend support to any legal action against these pirates.

I am a New Hampshire native who lives in the Town of Amherst with my family. The company I worked for filed Chapter 11 and I lost my job after close to eight years of employment. Right around the same time, we celebrated the birth of a new child, and with the high cost of adequate daycare, we agreed that it was probably financially better to be a stay-at-home mom. Unfortunately, that decision came with a price and my husband and I fell behind in our mortgage payments with Homecomings Financial.

Our nightmare with Homecomings Financial started when my husband was instructed to Western Union our mortgage payment to prevent foreclosure. Even though it was within the deadline, Homecomings Financial denied accepting the cash transfer and we received notification that they were beginning foreclosure proceedings. My husband has spoken with our lender on numerous occasions, but they are simply unwilling to work with us on a reasonable solution. Not only are they going to foreclose on our home, but they told us we would also be responsible for astronomical attorneys’ fees. If Homecomings had only accepted our payment we would not be in such a discouraging position.

In order to catch up financially, I cashed in my IRA and had the full amount to pay our delinquent mortgage payments. My husband spoken with Harmon Law Office in Newton Massachusetts, the attorney representing Homecomings, to dispute the foreclosure on our home. He was instructed to fax a time-line of events and conversations he had with Homecomings leading up to the foreclosure notice and that they would hold off on the foreclosure as they investigated our case. We received a statement in the mail weeks later with our delinquent mortgage amount and attorneys’ fees to reinstate our account. My husband forwarded a bank check with the exact amount specified in the reinstatement letter for the sum of $20,128.27. The check was returned because the settlement fee increased to $21,009.11 and a foreclosure sale date of December 28, 2007 was scheduled. Merry Christmas and Happy New Year!! Our new reinstatement fee has increased to over $25,000 at this point due to late charges and ridiculous attorney’s fees!

We pay a significant amount monthly for PMI, and my fear is that Homecomings would prefer to collect the insurance rather than work to help my family and I keep our home. I find this very disheartening… especially since we had the money to bring our payments up-to-date. To make matters more unbelievable, Homecomings just raised our interest rate to the tune of an additional $477 a month!!!! Even more interesting is the fact that we now owe MORE money on our loan after paying principle and interest for over two years!! My husband called Homecomings for the explanation and the answer he got was ‘I can’t discuss this with you, sir’!! The representative would not explain where our money has been applied since we purchased our home.

We are aware of the financial trouble of many US citizens in situations similar to ours and the alarming number of foreclosures in this country. The government has finally started cracking down on mortgage lenders to help families re-finance to get better and more manageable fixed rates. Is Homecomings above this legislation?? They refuse to negotiate any resolution with us other than raising our interest rate and turning their backs on us. Why are they allowed to continue with their unfair and unethical business practices?? This is nothing short of legalized extortion! We are hardworking, law abiding, tax paying citizens and deserve more respect and dignity than we’ve received from Homecomings Financial!

A prominent attorney in my area has agreed to look into our situation. He plans to send letters to the Better Business Bureau, the Banking Commission, and the Attorney General on our behalf. My hope is that the government will step in and prevent Homecomings Financial and their money grubbing lawyers at Harmon Law Office from taking away our home and end the cruel practices of this corrupt and shameless company.

L. Kuscher
Amherst, NH 03031

The company kept taking up my monthly payment and charged my for insurance even though I had insurance and the company even faxed over all the information on my homeowners policy. They then took my home with my items still int in it and they took my belongings to a dump. I was given no notice. they apprasied my house at 70,000 and I have come to find out it is worth 22,800. Rip off artists

Our mortgage was also sold to Homecomings Financial as so many of others have been. On June 18, 2007 my husband had a regular surgery which in two days landed him in ICU following a second emergency surgery in which he almost died. He was hospitalized at that time for 14 days. He was out of work all summer and finally went back to work middle of September. On September 25th he had to have a third surgery and has been out of work again now ever since. We have no return to work date at this time and he is now on disability from his company. I work full time. Up until this time we have been able to keep up with our mortgage payments.

Homecomings states on their web site that if you are having problems making your payments you can call this number and they will work with you. So I called and waited on hold for 45 mins. before I got someone and I explained the situation. They told me to print the 'workout' sheet and fill out and fax back to them which I did. I put down all our assets and all our liabilities and explained in full detail the situation. I waited to get a call from them.

Finally after a week I called back, again another 45 min. wait on the phone to be told there was nothing they could do for us. I asked them about their stated modification plan where they would work with you to lower your payments if there was a hardship need and I was told by the Customer Service person that he knew nothing about such a policy and so I asked why was this on their website and he said he didn't know, he didn't have anything to do with what was put on their website.

So I stated that rather than work with us during this time of hardship, they would prefer to see our house foreclosed on. He said he was sympathetic to our problems but there was nothing he could do. I asked to speak to a supervisor and was told that they would tell me the same thing. He said, besides you aren't in default yet. So I said, well we will be. I said, if you foreclose on our home and then try to sell it at this point, you will probably not get what we owe on it so why not try to work with us for a few short months until my husband is well and goes back to work and he stated that because of the type of mortgage we had, 'conventional loan' our payments were fixed and that they couldn't change them in any way.

I asked again about what they state on their website about 'modification of payments' and he said again, he knew nothing about such a thing. We can not refinance because we have no equity in the home. At this point, I hung up in disgust.

I am at a loss at this point. I have read many of the other stories on this site about Homecomings Financial and their practices. I plan to research through Consumer Protection and the Better Business Bureau in the state in which they are located to see if anything can be done.