Mortgage Company Charged with Violating Debt Collection Laws

01Sep10

I almost flipped when I saw this headline!  Finally, the nasty games mortgage servicing companies play are being brought to light.  I’ll bet we see more of these articles and lawsuits.  And I’m willing to wager that this sounds familiar to homeowners:

  • Failing to credit homeowners who submitted their payments on time.
  • Falsely claiming that homeowners did not make payments so they could justify charging late fees.
  • Failing to credit homeowners even after withdrawing funds directly from borrowers’ checking accounts.

This is such a common refrain.  I’ve heard about these tactics from s-o-o-o-o many homeowners — all with different lenders.  AHMSI is being held up as an example, but they’re far from being the only offender.

Please share your experience with this situation by responding to this blog, or sending me an email:  jennie@blackburninvestors.com.

Sincerely,

Jennie Blackburn, Realtor®, CDPE©, Licensed Mortgage Broker

Know Someone in Financial Trouble? Send them to:

http://www.StopFloridaForeclosureNow.com

https://jennieblackburn.wordpress.com

www.BlackburnInvestors.com

Main (727) 322-2900  Cell (813) 951-0618  Fax (727)499-9584

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