Posts Tagged ‘modifications’
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.
Christine said: “I had requested loan modification information from Saxon beginning in October 2008, and requested it monthly from that date; never having received it to present time. In May, 2009, when the HAMP program arrived, I called on a Monday and over the phone was denied. On the following day, I was approved (go figure) and they stated they could reduce my mortgage by 46 dollars. However, that was not at all helpful.
TB in Pennsylvania said: “I’ve been attempting to get a modification since Sept. 2008, with very little luck. I’ve been through the run around, lost papers, inaccurate information, yes um… no… um yes again. I’ve been in the HAMP program since I signed my papers back in July. Here we are in October. A full 4 months later with still no responses, denials or confirmations from Saxon.