Posts Tagged ‘loan’
A class action lawsuit has been filed in Federal Court in New York against Saxon Mortgage Services Inc., the Morgan Stanley mortgage servicer division, for failing to fulfill its obligations under the federally-sponsored Home Affordable Modification Program (HAMP) to homeowners in financial distress.
CR in Georgia said: “I have been working with my lender for well over a year trying to get my mortgage modified. Due to a serious illness, I have been unable to pay my mortgage. I sent in all required and asked for information in hopes of getting my loan modified. I kept getting turned down. This year I went to a NACA sponsored event in California and met with my lender. They informed me that the investor (Morgan Stanley) had me in a type of mortgage that allows no changes (modifications) to my loan.
Michael in New York said: “Everything I have read , all happend to me when Saxon Mortgage bought my loan from novastar. I got behind on back taxes about 5,200 saxon paid them for me . my payment went from 805.00 monthly to 1300.00 and I was paying that till I lost my job.
MA in Arizona said: “Saxon will never finalize a modification or keep their word. Since 2008 I met their Step Loan Mod (internal mod) offered the arrears were never re-calculated in our loan. Qaulified for the HAMP program another one met all requirments and YEP were now 12 months behind. This may never be resolved and yes the next step is to foreclose. All I can do is keeping fighting the fight only time will tell. Based on all the complaints maybe it’s time Obama gets involved.”
KH in Maryland said: “It seems like lots of people have been robbed by Saxon! Most of you have been very proactive with your complaints and have all your t’s crossed and “i’”‘s dotted! What was the outcome if you were in foreclosure with just a few days left??