MGC Mortagage

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Category: Business & Finances

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United States

MGC Mortagage Reviews

MGCSucksAss December 29, 2009
Fraudulent SOBs
This mortgage company should be sued by many. We had a mortgage with Green Tree who sold our mortgage to this horrible company back in February of 09, so we hear. We never knew our mortage was sold and we just received a bill from them saying we owe them 9000.00 with late fees and all kinds of charges for the last 7 months. You cannot get anyone on the phone and neither can you contact then any other way. We have been trying to contact them and also Green Tree who should be sued for selling mortgages to this company knowing they are an F rated company by the better business bureau. Our mortgage had a 4600.00 balance when Green Tree sold and now they want us to pay 9000.00. Yeah right!! I am in for the lobby who should we contact to get our money back from these people. MGC down right sucks. We need legal representation for all, one big lawsuit. That will fix these SOBs.
Timothy W. Johnson January 13, 2009
Bad Business
My name is Timothy W. JOhnson and i live in Hampton Virginia. I was reading the blog in regard to the bad business practices of MGC Mortgage Co. I to have had and is still dealing with issues with them as well.

Back in July 08, my loan was sold to MGC by GMAC Mortgage. I did not recieved any account information so that i could send my monthly payments to them. I called and I called until finally i received account information in August. Upon receiving the account information i sent 3 payments to MGC, yet they dont have record of the payments. Also, if you can believe it, the loan was sold again from MGC back to GMAC on Oct 27, 08. Now both companies are saying that they are servicers of the loan. I am currently making payments to GMAC but i received a letter from MGC stating that they are the servicer of the loan. I have contacted an attorney to help me.

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