Posts Tagged ‘Massachusetts’
Saxon Mortgage parent company Morgan Stanley agreed to pay millions of dollars to the state of Massachusetts to end an investigation into its role in loaning billions to a company that gave mortgages to unqualified borrowers.
ON in Massachusetts said: “On Feburary 12th, 2010, I received a letter from Saxon Mortgage stating I was approved for the HAMP loan modificiation program. My wife and I were so excited. We couldn’t believe we’d made it through the trail period between Sept.-Nov., 2009. We had a little problem with health issues in Dec., 2009, but got through it. Now, after so much hassle, we were going to get a fresh start. Or, so we thought!
D in Massachusetts said: “My husband contacted Saxon regarding a modification program under HAMP and to see if we qualified. We were sent a packet in the mail and read the fine print that states we would be reported to the credit agencies as delinquent during the trial period.
MA in Indiana/Florida said: “I currently reside in Indiana, but I have a house in Florida that is in foreclosure. Saxon holds the mortgage. I fell behind on the payments because of a hardship. In October, my realtor and I submitted a short-sale offer. Initially, Saxon did not tell us that the paperwork had to be submitted all at the same time.