Complaints
CB in Florida asks: “Saxon mortgage services has flatly refused to adjust my escrow reserve requirements despite the fact that it reflects amounts for which I do not owe. Namely, it currently collects $400 monthly for flood insurance although this cost is covered by my condo association.
We receive input from many of you and we are wondering about Saxon Mortgage once again. It seems insurance companies bill Saxon well ahead of time, but 30 days later Saxon sends letters to the homeowner. The letters say that hazard insurance has not been paid.
There are numerous websites with outraged homeowners against Saxon Mortgage Services unethical practices. Realtors across the nation dislike Saxon Mortgage, and do homeowners. When it comes to outraged homeowners, and websites, you can add another website to the list – this one!
Saxon Mortgage has a huge number of complaints against them, and is poorly rated with the Better Business Bureau in Fort Worth Texas. They claim to be a member of the Hope Now Alliance. Yesterday, after President Obama spoke, one news article claimed that Hope Now had not refinanced one mortgage – Zero all together. Don’t let Saxon Mortgage fool you.