Homecomings financial - www.homecomings.com

In the month of june 2007, i request a re-finance payoff with a sema (transfer of re taxes) which would have saved me thousands of dollars n my closing n monthly payment would have been less, homecomings financial (gmac group) gave the payoff figure by did not produce the re taxes transfer. My broker called, my attorney, the new bank called for a period of three months 3-4x a week with no results.than they notified me there will be a fee of $600.00, i sent it to them still no transfer. This went on for 4 months until the re-finance bank said lets go without it. They re-ran my credit n homecomings had made my account delinquent for those 3-4 months. It was never delinquent prior to this transaction. When i spoke with them about the fee i asked should i still make my monthly payments, they told me no, because i'm refinancing. Well on my credit report shows payment 3 months delinquent and they will no change it after i found this out i immediately paid them by it's still on my credit report n now i cannot refin to get away from them. Also around this same time they sent me foreclosure documents which i took to my attorney he said these people are unbelievable and should be held accountable. Once i cancelled the sema transaction n asked for my $600.00 to be returned to me i received a check in i yes i week,i copied it for proof n have a written request of the letter as proof. I also sent them a letter stating that i feel this account was intentionally sabotaged. Please someone sue these people n hold them accountable 4 there unlawful actions. How many others are out there that cannot pay like this and don't know what to do. The banking comm n the housing govt should be notified asap...

Mlh

Homecomings Financial's customer service does not serve the interest of the consumer. I fought serveral month to get from under a l6% interest rate and a $1900. I wrote GMAC Chief Executive Officer. He shifted me to an account executive. They did not hear anything I had to say. I was stuck with exorbant rates. My adjustable rate began to climb. My fixed retire income check was not enough to keep up. I fell behind, they began foreclosure procedures and placed foreclosure started on my credit file. I was able to bail out by finding a company who refinance my loan. My credit file reports a zero balance but the foreclosure started remains. I have requested that they remove the derrogatory item. They refuse. This type of credit history sinks my FICO score and prevents me from getting good credit rates. Homecomings is difficult and refused to assist the consumer. They know that the adjustable rate mortgages do not serve the long range interest of the consumer. Yet they persist in raking the consumer across the hot coals.

Homecomings Financial
www.homecomings.com

I have read reports and complaints all over the web.

I have filed reports with my states attorney general.

I have talked to several legal advisers.

Yet no one wants to put a stop to these crooks and their unethical, predatory lending and shady dealings.

I have been dealing with them for almost 6 years and have been foreclosed on twice... or they tried to foreclose.

The only way to stop them was to go into a chapter 13 while trying to resolve the problems.

I have sent them thousands of dollars besides my monthly payments.

They have ruined my credit so I cannot refinance and get away from them.

They add ridiculous charges to my account.

So I figured I would sell out... well I get a letter from them and they are asking for over $8,000.00 more for our payoff... well I am back to where I started 6 years ago and thousands of dollars ago.

Stay away from Homecomings Financial they are SHARKS out to rip you off and you will always lose, because everyones afraid of them!

I have 2 files of documentation on this company and proof of everything I am claiming.

Anyone wanting to contact me on this matter may do so at famied AT yahoo.com

After sending in payment, this company is holding the funds and not applying payments to our account. We cannot get anyone who can help us in resolving this matter. Very poor service!

Beware!

This company bought our small second mortgage from our bank without notifying us, and canceled our automatic payment plan without informing us. Of course, not knowing they had our mortgage, we sent them no money as we did not even know they existed! They then reported us as delinquent! The ruined credit resulted in our being turned down for a college loan for our son, and required us to cash in an IRA to pay for that and pay subsequent penalties. Homecoming Financial then had the gall to ask us to pay them $123 in various fees they assessed because THEY canceled our automatic payment plan and did not tell us they held our mortgage! Their customer service, collections and loss mitigation departments were USELESS after HOURS on the phone. We are now preparing to sue them for ruining our credit and extorting extra payments without basis. If this ripoff company has bought your mortgage, I suggest you move heaven and earth to pay it off or switch it to someone else. They are a company from hell. It seems they want you to default so they can charge you fees and hopefully steal your house. The employees themselves are not to blame; they are just incompetent and have a management that is not interested in customers or them -- only in taking as much of your money as they can get away with.