The Consumer Financial Protection Bureau (CFPB) today took separate actions against CitiFinancial Servicing and CitiMortgage, Inc. for giving the runaround to struggling homeowners seeking options to save their homes. The mortgage servicers kept borrowers in the dark about options to avoid foreclosure or burdened them with excessive paperwork demands in applying for foreclosure relief. The …
“Dear Steve, I am 64 years old, a teacher. Every year, my salary has gone done (forced furlough days). Bad divorce-impulsively took a second mortgage on my townhome to pay child support and attorney fees (13.9%!). Currently in a DMP program for $22000 of credit card debt. Retire in 2 years-will get 50% of current …
Darrell Neilander, a former client of the foreclosure/tust company/mass joinder companies Omni Home Solutions and Rampart MMW sent in the following contributed information in an effort to help inform others of his experience with two companies that are claiming to help save his property from foreclosure and get his home free and clear. I’ve written …
“Dear Steve, We tried to work with CitiMortgage for two years and they refused to help – eventhough at the time we were current and had good credit. We just wanted to refinance to a lower fixed rate. Finally we got behind 4 months due to 70% less income coming in and they filed foreclosure …
“Dear Steve, PLEASE HELP ME!!!!!!!! I have been out of a job for 15 months, and I just now got a good job, and I find out that CitiMortgage sold my home in an auction. They never even warned me and this happened back in June. I just now got a three week eviction notice …
Here is a list of the banks with the worst record for canceling loan modification requests. PNC Mortgage – 47.2% Aurora Loan Service – 46.8% CitiMortgage – 42.1% Saxon Mortgage Services – 40.8% Select Portfolio Servicing – 38.6% Wells Fargo Bank – 35.1% Worst banks for expired trial loan modifications without an answer. JPMorgan Chase …
“Dear Steve, I really hope that you can help me out. My brother has been falling behind on his rental property and tried to do a shortsale for the past several months. They had a buyer for the house at 285,000 but CitiMortgage’s appraisalwas for 345,000. Citi did not accept the offer and my brother …
“Dear Steve, We bought our home in 1995 put $25K down and mortgaged $70K for 15 years @8,5%. The mortgage was not originated with Citi but is serviced by them and I believe the mortgage “investor” is Wells fargo. Long story short; the last two years have been difficult but we’ve been managing to stay …
