My father-in-law financed his home with Country Wide in 2005. The mortgage then was sold to Wilshsire Credit Corp. This is when the problems began. Unfortunately, my father-in-law passed away; therefore, my husband and I preceeded to pay the mortgage until the estate could be settled. When asked Wilshire if we could please change the payment date from the first of the month until the middle of the month. They told us they would work on it. They did not. As a result, we were getting late charges. We have tried to work with these people but all in vain. They are rude, arrogant, and uncooperative. Now, they said the house is going to foresclosure. The have an answer for everything. They will not allow you to speak to the same person saying that that person does not have an extension. They also informed us that we had over a $700 credit, but they couldn't put on the account instsead it was "attached" to the loan. Once we paid over $1500, but because we did not designate that it was for two payments, they took the liberty to count it as one payment. These people are ruthless and deserve to be exposed for their antics. I plan to go to my Attorney General in my state with all the complaints that I have gathered. A Class Action suit needs to be initiated against these unfair business practices. Speak up America. It's time to bring down these mortgage companies who are being protected and bailed out by the government.

I have been trying every week to get in touch and speak with someone regarding a hardship. Now it is July and still no calls back and I am still yet to talk to someone in this department to help me. Today I spoke to a rep that claims there are no notes in my account and that I need to make an immediate payment or foreclosure will start on July 8th. No help, I don't get it. How does this company get away with so many complaints and the representatives that work there do not care, it is like they know what is going to happen and they are feeding you to give them money even if the foreclosure is in process.

I have been under contract with Wilshire Credit for over 2 months to purchase a foreclosed property in Ohio. I have had one delay after another in trying to close on this property. The real estate company that is representing Wilshire Credit and is listing this property employs arrogant, self rightous morons. I have endured one delay after another. My original closing date for this property was April 1, then April 14th, then April 25th, then May 2nd. I now have NO official closing date. They put me off for so long and strung me along with "we will get the utilities on by", "oh, we meant by", "they definately will be on by", it was a joke. I couldn't get my inspector in their for the inspection for 45 days.

So yesterday I finally called the title company handling the transaction to find out EXACTLY what the delay was in closing on this property. I was informed that the delay was because the real estate company representing Wilshire Credit has not forwarded them the sheriff's deed turning the property over to the bank (Wilshire Credit, even though they are not a bank but apparently a collection agency). So I called the real estate company to see if I could come to their offices and pick up the document and hand deliver it to the title agency. ANYTHING to speed this along. Of course I got voice mail. So I called the court house in the county where the foreclosure happened and I was informed that there is NO sheriff's deed because this property is STILL in foreclosure. The judge has not signed the order turning ownership over to Wilshire it is still a pending foreclosure. I am under contract on a property that is still technically owned by the original owner!!! They have listed a property and gone into contract on a property the do not own!!! Now I know why they have been delaying me left and right...they were trying to buy time in hopes of getting the foreclosure signed off on and the sheriff's deed in hand before they were caught. Well...i'm calling my attorney as soon as his office opens today. I have already spent over $2, 000 trying to get to closing on this property.

Absolutely pissed, lied to many times, mislead many times, frustrated and so burned out trying to work something out with this debt service owned by Merrill Lynch-

Wilshire Credit Corporation based in Beaverton, Oregon made several promises (verbally- they do not fax anything) to work out a short sale with us. The underwriter keeps promising that he can get approval for the short sale amount but never did give our agent or myself a written approval. Time is running out because of the foreclosure sale date. It seems they are doing this on purpose so they can auction the property at a higher price- which in reality, the REO people will negotiate for a much lower price, eventually. They prefer the houses to be vacant than have someone live there and try to make payments. Now, our buyers are going away because of frustration waiting- They just want to foreclose on the house and put people out in the streets. I think that everyone who work there does not have what it takes to be human- they are the kind of people who enjoy making other lives even more difficult- the more miserable they make others, the better- Thanks to Merrill Lynch company who owns Wilshire Credit Corporation. Their investors are so greedy that they would rather see their investments vacant and not selling. These investors think that they can take with them all their possessions when they die- I don't think they are smart enough to know that- because if they are, they would be considerate of others. Maybe for awhile now, their souls have already been burning in ***. Can you imagine the thousands of families they put out in the streets? Anyone who wants to join me in a class action lawsuit, please email to This e-mail address is being protected from spam bots, you need JavaScript enabled to view it for now, I will go by the name of Frustrated Consumer- Any attorney interested? By the way, my message to Merrill Lynch, All the employees at Wilshire Credit Corporation either 1) don't know what they are doing 2) Just plain and simple rude who does not bother to resolve a problem but just transfers you to a voice mail, or 3) Stupid and LAZY.I can't believe you are paying a salary to stupid and Lazy employees- I would think twice before investing my money with Merrill Lynch. Thank you for listening.

Wilshire raised our mortgage to a horribly high interest rate. We couldn't make payments and Wilshire asked us to file for forbearance. We did this and were told that our new interest rate would lower our payments. After almost 6 months and repeated phone calls to them all they would say is they are still working on it. Then I received a notice of intent to foreclosure this past Friday. It seems as if Wilshire did nothing on our loan except make us play out the waiting game long enough for their satisfaction to take our home in foreclosure. Now the loan officer who was working on our papers informed me that we now have a 9% (from the original 14-18%) interest rate but we have to catch up on all our back payments. They are smart aleck, rude and have a no-care attitude and no compassion

They now say we have to make up the payments from 6 months ago that was with the 14-15% interest rate and our home is now in foreclosure. Why it took them 6 months to do nothing is beyond me. All they could say is "How much money do you have?" They lied, lied, lied on this and on a mortgage insurance issue of which they have also bled us dry!! We now owe more than the original mortgage was to start with. DO NOT DO BUSINESS WITH THIS COMPANY - THEY ARE RIP-OFF ARTISTS!! THEY WILL CON YOU INTO THINKING THEY ARE HELPING YOU WHEN THEY ARE NOT!!! Aside from this why is a credit and collection agency doing handling home mortgages?

By the way we have lived in our home for over 20 years and my husband has been working at the same job for the past 35+ years.