• Report: #278643

Complaint Review: Concord Mortgage Corp (American, EMC, Bear Stearns)

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  • Submitted: Sat, October 13, 2007
  • Updated: Fri, February 04, 2011

  • Reported By:georgetown Massachusetts
Concord Mortgage Corp (American, EMC, Bear Stearns)
concord mortgage corp. Melville, New York U.S.A.

Concord Mortgage Corp (American, EMC, Bear Stearns) switch and bait, Melville New York

*Consumer Comment: "THE SYSTEM'S GONNA BLOW POEM".......just type in 581744 at this site.......

*Consumer Comment: No rebuttal will ever come from Concord, AMC, EMC, Ameriquest or Bear Stearns. They know they are wrong.

*Consumer Comment: No rebuttal will ever come from Concord, AMC, EMC, Ameriquest or Bear Stearns. They know they are wrong.

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I refinanced with Concord mtg corp in late april 2007 with an understanding it was a 5/1 loan at 7%. when the first payment coupon arrived it was marked this is an adjustable rate mortgage, with choice of 4 options each month starting with a rate of 9.37%. My rate has been adjusted 3 times since May. After 3 weeks of trying to contact the loan originator he finally answered me telling me he had his own job & home to worry about and bottom line was he said "you signed, deal with it". I was then sold to American home mtg., then to EMC they raised my principal balance $500., and the second option was raised from 2k to 3k. I am being forced into foreclosure by this company. I am not late with my payment of option 1 that I can afford to pay but they are stripping my home of all equity.

Katiek
georgetown, Massachusetts
U.S.A.

This report was posted on Ripoff Report on 10/13/2007 04:37 PM and is a permanent record located here: http://www.ripoffreport.com/r/Concord-Mortgage-Corp-American-EMC-Bear-Stearns/Melville-New-York/Concord-Mortgage-Corp-American-EMC-Bear-Stearns-switch-and-bait-Melville-New-York-278643. 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.

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REBUTTALS & REPLIES:
0Author 3Consumer 0Employee/Owner
Updates & Rebuttals

#1 Consumer Comment

"THE SYSTEM'S GONNA BLOW POEM".......just type in 581744 at this site.......

AUTHOR: Karl - (USA)

and the poem appears as 'Consumer Comment #2' at Ripoff Report #581744.

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*************************** MORTGAGE ALERT **************************

*Make sure to type in 481508 at this site and read St. Clair's Ripoff Report for valuable information if you have a mortgage in the USA.

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#2 Consumer Comment

No rebuttal will ever come from Concord, AMC, EMC, Ameriquest or Bear Stearns. They know they are wrong.

AUTHOR: Ed - (U.S.A.)

No rebuttal will ever come from Concord, AMC, EMC, Ameriquest or Bear Stearns. They know they are wrong. This poster's complaints were/are oh so common. And as usual 100% correct.

Why don't crooks like the 5 mentioned above respond or rebutt more often? Here's the answer: They know these complaints are *legit*

Ed in Plano TX
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#3 Consumer Comment

No rebuttal will ever come from Concord, AMC, EMC, Ameriquest or Bear Stearns. They know they are wrong.

AUTHOR: Ed - (U.S.A.)

No rebuttal will ever come from Concord, AMC, EMC, Ameriquest or Bear Stearns. They know they are wrong. This poster's complaints were/are oh so common. And as usual 100% correct.

Why don't crooks like the 5 mentioned above respond or rebutt more often? Here's the answer: They know these complaints are *legit*

Ed in Plano TX
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