Saxon Mortgage to endorse check, keeps it instead

JW in North Carolina said “Got an insurance check for hail damage. Saxon employee said mail it in, we will endorse it and send it back to you. She calls back later and tells me that her manager has looked at my file and they will need to keep my insurance money in escrow.

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Saxon Mortgage pretends and does nothing

KC in California said: “We went for a home mortgage modification in 2009. went back and forth with saxon mortgage for months. was told we were in the hamp program and to start making interim payments. we made 6 payments, when we got a note to call saxon mortgage.

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Saxon Mortgage unit sold to Ocwen

First my Saxon mortgage went away when the home sold, and now Saxon Mortgage might go away all together. Nobody will miss this unprofessional, unorganized, and poorly run unit of parent company Morgan Stanley. Here is the news report released on October 25th, 2011:

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My Saxon Mortgage is finally paid off. Now go away!

On the 22nd of September 2011, my home sold. Saxon Mortgage has been a pain in my side since Saxon became the servicer. I am glad to get rid of Saxon, purging this worthless company from my life. I never missed a payment, was always on time, and never did anything wrong. Saxon was evil right up to the last day. Saxon still caused problems three hours before closing, and in the days thereafter.

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Class Action Lawsuit against Saxon Mortgage Services

PHILADELPHIA, Sep 14, 2011 (BUSINESS WIRE) — The law firm of Berger & Montague, P.C. has filed a class action complaint in the United States District Court for the Eastern District of Michigan on behalf of all Michigan homeowners whose mortgage loans have been serviced by Saxon Mortgage Services, Inc. and/or Ocwen Loan Servicing, LLC (collectively “Defendants”), and who, since April 13, 2009, (1) have entered into a Trial Period Plan (“TPP”) contract with Defendants and made all payments as required by their TPP contract and complied with Defendants’ requests for documentation, and (2) have not received or have been denied a permanent Home Affordable Modification Agreement that complied with the U.S. Department of the Treasury’s Home Affordable Modification Program (“HAMP”) rules.

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