Homecomings Financial Corrupt

[adam_1981]

What is the name of your state? MO

I'll try to make a long story short. We got a few months behind on payments. This company sent out a letter on 11/16 with a care packet stating that I must fill it out and Fax back by 11/27 to avoid more late fees and foreclosure on my account. I also needed to make December's payment on time. I faxed it back on the 20th. Since then I have not receieved one call from Homecomings and I have tried to call them multiple times not being able to reach anyone due to 1 hour+ hold times.

I even made my December payment early. Today I have papers duct taped to my door basically telling me something about "cash for keys".


I called Homecomings today and I got through in a miraculous 15 minutes. They said there was nothing they could do.

I feel I completed their requirements. What can I do?

have you blown thru the forbearance? Meaning...they made a paymt. + per month arrangement with you and you failed at that too? You saythat you made your Dec. payment on time? If so then what is the problem???

You can't make the Dec. paymt. if you owe for Oct. and Nov. you know...I am a lender/mortgage Banker....do you know how many people out there say I can make the Dec. paymt. only I can't catch up the Oct. or the Nov.??? It does not work this way.

They think these can just slide and go to the back end of the mortgage or something.
Get caught up or you will lose your home.

Forget the credit cards and xmas and pay the mortgage. I must have to tell people this 100 times a day these days. It's awful.

Good luck to you.

[JETX]

Originally Posted by adam_1981

What can I do?

Your options are really pretty simple:
1) Pay them the money you owe and continue the mortgage (if they allow), or
2) Sell the property and pay them, or
3) Refinance and pay them, or
4) Walk away and face a lawsuit for the money owed, or
5) Force them to foreclose on you... and pay them that plus more (legal fees, filing, etc.)

[adam_1981]

Originally Posted by Hannah13

have you blown thru the forbearance? Meaning...they made a paymt. + per month arrangement with you and you failed at that too? You saythat you made your Dec. payment on time? If so then what is the problem???

You can't make the Dec. paymt. if you owe for Oct. and Nov. you know...I am a lender/mortgage Banker....do you know how many people out there say I can make the Dec. paymt. only I can't catch up the Oct. or the Nov.??? It does not work this way.

They think these can just slide and go to the back end of the mortgage or something.
Get caught up or you will lose your home.

Forget the credit cards and xmas and pay the mortgage. I must have to tell people this 100 times a day these days. It's awful.

Good luck to you.

A rep with Homecomings called about the mortgage. The result of this call was that they didn't want to forclose, he was going to send out paperwork that I had to fill out and fax back by the 27th. As long as I did that and started to make my regular payments again, he was going to put the forclosure on hold. Since then there has been ZERO communication with them. There was no more conversations on anything pertaining to our options. So I guess the answer would be, no, there has been no forebearance. I guess you're right that I haven't made the December payment, I'm 2 months behind, so I probably made October's payment.

I too was under the assumption, that I could slide these onto the end of the loan. A friend of mine at my local bank told me that was an option. This was probably why I felt I just paid December's pmt.

Today we finally got through with Homecomings, they pretty much said that it's out of their hands, there is nothing they can do about it.

I find this totally unacceptable. I find it hard to believe this is legal considering I haven't heard a word from them in a month to try and come to a resolution on the matter. They also took my December (october) payment 2 weeks ago.

and you are very lucky they took that payment at all. You see...not all lenders will ACCEPT less than the amt. to bring it completely current.
People do not hear from the lender...until they are willing to bring it fully current and they do not have to and typically do not accept less than full amt. to bring it current. This means that they LET you pay 1 paymt. and more than likely will LET you pay another real soon.
You have got to get it out of your head that the bank owes you...YOU owe them and if you do not get caught up and real soon they WILL stop accepting less than full amt. due and begin foreclosure. They are not your friend nor your counselor.
I am believe it or not on YOUR side. I am not however your lender.
DO YOU have any idea how many foreclosures are going on right now in the U.S.? It is massive.
The lender WANTS to pass this late mtg. ONTO the next dept. and OUT THE DOOR to write off the loss BEFORE the President decides to freeze them out from getting YOU off their dead beat books. Sorry for sounding cruel, it IS the way it is. THEY WANT YOU OFF THEIR BOOKS PERIOD. SO PAY THEM UP. SELL OUT YOUR 401K IF YOU HAVE TO

[adam_1981]

I don't think they owe me anything. But how can I do ANYTHING without feedback on their part? I have no idea how much I owe. I have no idea that they won't take payments instead of a full amount. They have already foreclosed as far as I can tell.

I don't feel this is legal or right. I can't do ANYTHING without talking to them. I'm not just going to send a blank check. They should of set up some kind of plan and communicated with us before foreclosing. There was zero communication.


According to them they would NOT foreclose if I followed the instructions. I have followed them to a T. Yet they foreclosed. (As far as I can tell)

It has not gone to sheriff sale has it? are you still IN the house? if no and no...they have not "foreclosed"

They don't have to make a "plan" they don't have to do anything accept give you the amt. needed to cure the forbearance/past due amt.

CURE IT...SELL YOUR SOUL BUT CURE IT OR START LOOKING TO MOVE.

[adam_1981]

When we called today, the guy said that there was nothing that they could do for us.


I realize that they don't have to do squat for me, but I would think they at least have to tell me what the amount due is. They have and had not. Some communication would of been helpful.


I think it is not legal to take someones house way from someone when you have already told them that if you follow these agreements we will not foreclose.


They said they wouldn't and they did. I think there is an error somewhere and due to a fault on their own, the foreclosure went through anyways. In this case I think they need to suck the extra costs up, realize what customer service is, and move on.

come on...if they accepted a payment last week you said? It's not DONE...
Mail some more $, do it on line. If they accept it it's not done...make sure you do on line or phone pay...
Customer Service??? Being in foreclosure is not a "customer service" situation anymore than telling a police officer that he should tackle an armed man "gently". PLEASE

[adam_1981]

That's what I think. Not only that, but the payment was 2 weeks ago before the foreclosure was dated to happen, which was on the 12th of this month.


The guy we talked to today said they refused the payment I made 2 weeks ago and it was returned. I find this hard to believe becuase A), I'm not showing it returned in my account 2 weeks later and B) it was before Homecomings said they were going to foreclose.


Do you think I just got a dumbass customer rep and there's still hope?

[Andy0192]

Did the check get cashed? If you sent a check & they have returned it - it would not show as being cashed.

-Andy

[JETX]

Originally Posted by adam_1981

A rep with Homecomings called about the mortgage. The result of this call was that they didn't want to forclose, he was going to send out paperwork that I had to fill out and fax back by the 27th. As long as I did that and started to make my regular payments again, he was going to put the forclosure on hold.

Sorry, but that version simply does not make sense as they wouldn't make such a bold statement at the same time that they are asking you to submit information to them. Far more likely that they asked you to provide CURRENT financial data and that they would review your submittal with the intent to TRY to not foreclose.

I find this totally unacceptable.

You find what unacceptable?? I find it fare more 'unacceptable' that you somehow think that filling in some form would somehow waive your obligation to bring the note current.

I find it hard to believe this is legal considering I haven't heard a word from them in a month to try and come to a resolution on the matter. They also took my December (october) payment 2 weeks ago.

I find it hard to believe that ANYONE would somehow think that a mortgage company is their 'friend' and will simply ignore the fact that you are two or three months overdue on your mortgage.

[adam_1981]

Considering that it costs the mortgage company a hell of a lot more money to foreclose that the measly $1000 I'm behind, yeah, I think it would of been wise of them to have been in better communication with me than to just foreclose.

how can you be behind 3 mos. now and it only be 1,000. Unless you have a very tiny house payment and house I suppose. However...If I personally knew you and 1.000 is all you owe and didn't pay it before it went to sale on the 12th???
I would dis-own you.

There IS a period after the sale that is called a redemption period. Michigan has a 90 day one for instance.
This is the time to PAY THE BILL!!! I'm done with this post/thread...

PAY THE FULL AMT. DUE ALREADY

[VeronicaLodge]

Originally Posted by adam_1981

I don't feel this is legal or right.

it might not be "right" but it IS LEGAL. I noticed in this thread that you have said several times "i dont think this is legal" and no one has come right and told you that it is legal so i wanted to point that out since you dont seem to be getting it.