WORLD SAVINGS BANK, FSB WRONGFUL FORECLOSURE / INSIDER DEALINGS!!!! ripoff Nationwide

Hi--

You posted in July, so this information may come too late to help you. File a complaint with HUD. I believe this bank engages in widespread predatory lending practices, and they do it in sneaky ways. It is very likely you had a negative amoritization loan, so some other very unfavorable terms that you did not know about. This bank recently tried it with me. I have a case pending with HUD and the Florida Commission on Human Relations.

Not only are the loans unfavorable, there are often prepayment penalties (another predatory tactic) so that refinancing is difficult. A non-profit organization that might be able to help you refinance is NACA. Look them up online at www.naca.com They help low and moderate income people qualify for mortgages and they also refinance predatory loans with much more favorable and upfront loans through NACA.

This bank ignored my requests for written documentation, in violation of RESPA and Truth in Lending laws. They did a "bait and switch" when I applied for a fixed rate loan, they tried to stick me with a horrible negative amoritization loan they just wanted to deduct automatically out of my checking account every two weeks. Yea, right. I am going to give a sleazy bank access to my checking account, when they don't even provide a single piece of paper with the loan information on it. Consumers are entitled to written documentation, there are fines under RESPA and TIL laws for non-compliance.

I truly hope you did not lose your house. This bank SUCKS. Do not get a mortgage from World Savings Bank. They are not honest.

David,

please share whatever you can. i was evicted by WSB 2 weeks ago. the have done all sorts of fraudulent things in my case. Illegal eviction, stolen/broken multiple items ,illegal lock-out ,not to mention respa tila and hopa violations. Mortgage servicing is a whole nother issue.

I am seeking legal assistance but, there are so few attnys in my state who have had any experience in this area of the law. Because of the value of my home I don't qualify for non-profit assistance?!?

If you have any info that could help me concerning your case or the status i would be grateful !

THX MUCH AND GOOD LUCK TO YOU !!!!