- Report: #102489
Report - Rebuttal - Arbitrate
Complaint Review: America' Servicing Company
America' Servicing CompanyP.O. Box 981 Fredrick, Maryland U.S.A.
America' Servicing Company ripoff requiring a minimum balance in my escrow fund Fredrick Maryland
A business' first
line of defense
on the Internet.
If your business is
willing to make a
Click here now..
After calling the company the only ones that you can talk to is customer service, they can not transfer you to the escrow department or any where else. But they can mail me some complaint forms. The script that customer service follows is that their company requires a minimum balance. For my property it would be $1000 and this would be for any unforeseen expenses. This makes it sound like the amount of the minimum balance depends and is not standard for one thing.
After asking what unforeseen expenses could come up with out prior notice they could not answer this question. I pointed out that I had not had any problem until now and the fact that they purchased my mortgage was resulting in a $1000 penalty for me. They said they looked at it another way.
The fact of the matter is from my point of view is they want a $1000 form all of the people that they are holding the notes on so they can use the money to purchase more notes or to collect the interest off of it.
Either way they are CROOKS
This report was posted on Ripoff Report on 08/06/2004 05:18 PM and is a permanent record located here: http://www.ripoffreport.com/r/America-Servicing-Company/Fredrick-Maryland-21705-0981/America-Servicing-Company-ripoff-requiring-a-minimum-balance-in-my-escrow-fund-Fredrick-M-102489. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.
Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report.
If you would like to see more Rip-off Reports on this company/individual, search here:Search Tips
In order to assure the best results in your search:
- Keep the name short & simple, and try different variations of the name.
- Do not include ".com", "S", "Inc.", "Corp", or "LLC" at the end of the Company name.
- Use only the first/main part of a name to get best results.
- Only search one name at a time if Company has many AKA's.