I have sent insurance verification i have had thru Gmac for the past 5 years. They keep threatening me to charge me for their insurance. This is a con. Vericrest Financial should be stopped this fraudulent practice. My next stop is the Nys attorney General.

Vericrest financial has ruined my life and my familys. After 23 years of living and raising my children in the same home Vericrest financial forclosed on me. I became disabled and was no longer able to make such a high monthly payment. I pleaded with them to adjust my loan so that I could make my payment until my social security kicked in. They sent me a proposal for 178, 000 and after all thier fees my payments were more then before. My original loan was only 156, 000. Sad to say I'm single and disabled and they knew that due to my honesty. I was forclosed on Sept 27th and given 1, 500 dollars for cash for keys as I had no money. Now, my house sits vacant with a price tag of only 89, 000 on it. Why? I cry each day just wanting to go home. Please a nyone with information on this company or similer story contact me at [email protected] and maybe if we ban together we can get someone to listen to us!! Thank you!

The property in question was foreclosed upon in Feb 2009 for over a year we heard nothing from these people and we filed our 1099a's as required. However, due to an error made at the time of the filing of the mortgage deed the foreclosure proceedings had to be re-opened to correct the error and them closed upon again. Vericrest began calling us again this year about the property that had been foreclosed on. After many phone calls explaining that we had already filed the 1099a forms we still didn't get any satisfaction and the calls kept coming. We finally contacted their lawyer who handled the foreclosure and he verified that the foreclosure (as far as we are concerned) was over and we should not be hearing anything more Vericrest. Yet still we get letters asking what our intentions are about the loan and letters stating they have obtained insurance for us at a ridiculous price! We have contacted a lawyer concerning this matter and they have advised us that if these letters continue we have just cause to file harrasment charges against Vericrest. DON''T do business with these people for ANY reason. They don't listen to what you have to say and don't follow up on any calls, complaints, etc!

We just received a letter from them that they under estimated ouer escrow and that our mortgage payment was going up an extra $235.00 a month. Our taxes have not gone up . Our homeowners went up like $30.00. We are going down to only 1 income the end of May. So they are having me do the loan modification thing. They told me call back every 7 to 10 days to see how things are comming and they should have an answer for me by the end of the month. Also ever since they bought out CIT which we had since 2000 nver had a problem till they switched to vericrest. We never get our statements on time. I have to call every month and tell them I did not recieve a statement and they aways say its the computer system messing up. We are in credit counseling so we are having a hard time finding a bacnkto remortgage so we can get away from vericrest...

Vericrest is the most evil mortgage company ever!!! I have 9.12% Interest only loan which is amortized over 40 years and I have tried three times to modify my loan to no avail. I tried to prove through extreme hardship (Loss of income and undervalued property) and that I just cant make the mortgage. Every time I send in the documents they want more and more-- Often times they cant find what I send them. Then they just say "NO" !!!
They would rather us give the property back than to modify our loan. Evan though a "deed in lieu" looks better on my credit report it really lets the mortgage company off the hook for thousands of dollars in legal fees and upgrades.

Dont do a deed in lieu-- If we all stand up and fight Vericrest we will win!!!


EH