• Report: #108721

Complaint Review: EMC MORTGAGE CORP

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  • Submitted: Thu, September 16, 2004
  • Updated: Mon, May 18, 2009

  • Reported By:43608 Ohio
EMC MORTGAGE CORP
909 HIDDEN RIDGE IRVING, Texas U.S.A.

EMC MORTGAGE CORP EMC the most crooked company,next to FAIRBANKS. IRVING Texas

*Consumer Comment: Former EMC Customer

*Author of original report: CLASS ACTION CAN BE DONE

*Consumer Comment: this company needs to be closed down

*Consumer Comment: EMC Corporation Background information

*Consumer Comment: mortgage fraud and fairbanks & Emc

*Author of original report: RESPONSE/ REBUTTAL

*Consumer Comment: Help me I am a victim just like the other mentioned

*Consumer Comment: Help me I am a victim just like the other mentioned

*Consumer Comment: Help me I am a victim just like the other mentioned

*Consumer Comment: Help me I am a victim just like the other mentioned

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I First refianced with another a bank, and they sold my loan to emc in 2000. From that first day I have always had problems with them concerning my payments, currently they are threatning to forclose on me again they did this in 2001, also because they had post my payments to another client and tried to say it had not sent them in.

currently i have an attorney handling things this time, because i am fed up!!! I have also contacted my congresswoman and the ftc, and hud!! i am going to work with the FTC to file a class action suit against them.

anyone that have a mortgage and you can refi out do it now!!!

Charmaine
43608, Ohio
U.S.A.

This report was posted on Ripoff Report on 09/16/2004 12:11 PM and is a permanent record located here: http://www.ripoffreport.com/r/EMC-MORTGAGE-CORP/IRVING-Texas/EMC-MORTGAGE-CORP-EMC-the-most-crooked-companynext-to-FAIRBANKS-IRVING-Texas-108721. 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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#1 Consumer Comment

Former EMC Customer

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

My wife and I owned property that EMC held the mortgage on. The loan was for $400.00 monthly, and $200.00 for an escrow account to pay our taxes and property taxes.

One day we get notified that our house insurance is close to expiration, we call to verify that the insurance was going to be paid. We first called Texas, they had us call Ohio, and they told us the check for insurance would be issued. However, two weeks later we were notified that our insurance had expired as no check had been received. We called Texas and they told us they had cancelled the Escrow Account.

One would think that since it was in the Contract, they could not do this. They did do it, and ask about the $200.00, they said they wanted it all. I said no, and EMC said they would sue us, we would be kick out of our house. I said I would sue them, their response was simple, "we will just keep on continuing the case, you and your family will be out on the street".

They did file for foreclosure, we filed Bankruptcy as the property had received back water over 8 times. The back water had completely filled the crawl space, it may not had came into the house, but all insulation were tore loose, and the beams all showed extensive damage. We had flood insurance, but the water never came into the house.

In January 2008, the new owner who was remodeling the house for his mother-in-law, sustained flood damage. 2 feet of water enter the house. I felt sorry for him, as it purchased the property at the Sheriff sale for $30,000.

Recently my wife received a check on the FTC suit against EMC. This company could had been stop, however, the Illinois Attorney General Office refused to listen.
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#2 Author of original report

CLASS ACTION CAN BE DONE

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

TO ALL CUSTOMERS ALL OVER THE U.S.A. WHO ARE HAVING MAJOR PROBLEMS WITH EMC MORTGAGE CORP, IRVING, TEXAS, DON'T GIVE UP YET THERE IS HOPE FOR JUSTICE. I ACCIDENTALLY CAME ACROSS A LAW FIRM WHO WILL HERE YOUR INDIVIDUAL CASES TO TRY TO FORM A CLASS
ACTION SUIT AGAINST THEM. THEY HAVE A WEBSITE ON LINE.

JAMESHOYER.COM THEY ARE OUT OF NEW YORK, CITY. PLEASE CONTACT THEM AND TELL YOUR COMPLETE STORY, THE MORE COMPLAINTS THEY HERE
THE BETTER OUR CHANCES OF GETTING THIS CLASS ACTION ON THE WAY!!
I KNOW I AM READY!! SO GET TO EMAILING FOLKS WE MAY HAVE HELP!!!


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#3 Consumer Comment

this company needs to be closed down

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

I MYSELF CALLED BEAR STEARNS AND GOT SOME RESULTS IT DIDNT SOLVE THE PROBLEM BUT IT BOUGHT ME MORE TIME. AND I ALSO HAVE A LAWYER WORKING ON IT. THEY RAISED MY PAYMENT BY 600.00 DUE TO THE ESCROW ACCOUNT. IT CANT BE LEGAL. THEY DID THE ANALYSIS AT THEIR CONVENIENCE NOT WHEN I ASKED THEM TO. AND NOW THEY WANT ME TO SUFFER THE PENALTY. WE NEED TO DO SOMETHING ABOUT THIS IT CANT BE LEGAL TO RAISE SOMEONES PAYMENT THAT MUCH WITHOUT WARNING. THATS WHY SO MANY FAMILYS ARE LOSING THEIR HOMES! BECAUSE THEY ARE GETTING AWAY WITH IT. THEY HAVE TO BE STOPPED!!!!! WE NEED TO CONTACT EACH OTHER AND ALL GO AFTER THEM, IF WE HAVE ENOUGH PEOPLE THEY HAVE TO DO SOMETHING. IF ANYONE KNOWS HOW WE CAN GET IN TOUCH LET ME KNOW.
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#4 Consumer Comment

EMC Corporation Background information

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

EMC Corporation is a wholly owned subsidairy of the Bear Stearns Companies Inc. Bear Stearns is one of the largest investment banking and securities firms in the US. Bear Stearns trage on the NYSE under the symbol BSC.

EMC has main offices in San Fransico, CA and Irvine TX.

Their web site is www.emcmortgagecorp.com

I have ran into similar problems with EMC when EMC secured and took over the servicing of my loan from another mortgage company.

To enable quicker action, go to the power players at Bear Sterns. Their web site is:http://www.bearstearns.com/bear/bsportal/CorporateHome.do

Good Luck
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#5 Consumer Comment

mortgage fraud and fairbanks & Emc

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

We had to file chapter13 to save our home because fairbanks failed to record payments over period of time, then sold it to Emc. Well Emc says Hello we are your new mortgage carrier and by the way you owe 'x'amount of dollars, which was and is a lie. We have terrorists amoung us, they are known as Mortgage companies, they cant make a Honest living so they have to steal from us little people.

I contacted the Ftc, the BBB, the Dept of Commerce, Atty General, We need to stick tof=gether and take these terrorists on, no settlements out of court. They need to be held accountable. This has been very stressful on myself and my family. I contacted local tv station, didnt get response, so I went in person and showed them what i had and they were very interested. They are gonna run story and put on news and make people aware of what is happening.

So if any of you have your papers to back you up and make copies of these horror stories online, let them see for themselves, what is really going on, its ENRON all over again but 10 times worse, this affects every mortgage homeowner in u.s. Dont that make you sick??? I hope by web sites like this we can team together or something because they need to be exposed!!!!
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#6 Author of original report

RESPONSE/ REBUTTAL

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

JUST RECENTLY I RECEIVED MY PAPERS FOR FORCLOSURE
FROM EMC, AND I WANTED TO UPDATE EVERYONE TO LET THEM KNOW, I WILL BE FIGHTING FOR MY HOME, IN WHICH I HAVE LIVED IN 29 YEARS.

I AM SO SORRY TO HEAR ABOUT YOUR SITUATION JASON IN THE 43604 ZIP CODE OF TOLEDO, IF WE COULD GET MORE PEOPLE IN THE TOLEDO AREA TO CONTACT THIS WEB SITE IT WOULD CALL ATTENTION TO THE WRONG THAT IS BEING DONE TO EVERYDAY WORKING PEOPLE.

GOD BLESS!
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#7 Consumer Comment

Help me I am a victim just like the other mentioned

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

My story and time line is almost identical
I am also paying a lawyer but I think she may be dropping the ball.

I sent my payment certified mail .emc claims they recieve it nov 13 one day late my signature confirmation of delivery is nov 6.emc stamped my moneyorder,which I still have, and mailed it back tome.

They refuse to accept my payment ,and wont return any of my calls .Yesterday I showed up for the first court appearance only to find out that iI was 15 minutes late when the letter I recieved from my lawyer says to show up at a time that was 15 minutes later than that which i arrived simply put I showed up at 1015 thinking i was to be there at 1030 and it started at 10

My lawyer then in forms me now one month from now on nov 3 or 8 th I have to check that emc will calculate how many missed payments and fees and they are going to charge me and we ll see where I am at,numberwise. Last year when I first met with my attorney on this matter she said If they wont clear this up quickly we would seek damages or something like that.

Now it seems that I may be at the mercy of one very evil corperation and I dont understand how. This isnt even the first time they did this to me .When they first aquired my home improvement loan from uc lending emc wrongly claimed that I was 90 days delinquent when in fact days before christmas Uc lending had triple drafted a one time electronic draft from my bank they took three payments around 900 and wiped out the account and filed bankrupt the next day.
two months later is when emc forced me to give them 1800 and agree to pay them a 33 percent increased payment for six months My wife and agreed and signed an illegal adhesion contract stating the terms I just listed.

When time of the sixth payment came they posted it dec 28 when i believe the due date was the 27.Even credit card companies give 10 days grace around christmas. They sent the payment back and demanded another 1800 ans another six months of inflated payments .At this point I called a lawyer .

two years goes by and the lawyer says give them 1800 and make your regular payment.I make my next two payments sent signature confirmation and they go through. the third payment is the one they tried to say they got late when we know and can prove they signed well in advance for it.

I have little time left on this matter and I fear they are going to win I feel like my lawyer might be in on it please help Im in the 43604 zip code of toledo ohio less than 10 miles from you

.lets not let these evil people treat the little guys unfairly .how can they repeatedly gety away with this I see stories like this on the web everywhere .I dont get it It seems they control the world or something. for many years now i ve been losing sleep on this matter so late night calls are no big deal
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#8 Consumer Comment

Help me I am a victim just like the other mentioned

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

My story and time line is almost identical
I am also paying a lawyer but I think she may be dropping the ball.

I sent my payment certified mail .emc claims they recieve it nov 13 one day late my signature confirmation of delivery is nov 6.emc stamped my moneyorder,which I still have, and mailed it back tome.

They refuse to accept my payment ,and wont return any of my calls .Yesterday I showed up for the first court appearance only to find out that iI was 15 minutes late when the letter I recieved from my lawyer says to show up at a time that was 15 minutes later than that which i arrived simply put I showed up at 1015 thinking i was to be there at 1030 and it started at 10

My lawyer then in forms me now one month from now on nov 3 or 8 th I have to check that emc will calculate how many missed payments and fees and they are going to charge me and we ll see where I am at,numberwise. Last year when I first met with my attorney on this matter she said If they wont clear this up quickly we would seek damages or something like that.

Now it seems that I may be at the mercy of one very evil corperation and I dont understand how. This isnt even the first time they did this to me .When they first aquired my home improvement loan from uc lending emc wrongly claimed that I was 90 days delinquent when in fact days before christmas Uc lending had triple drafted a one time electronic draft from my bank they took three payments around 900 and wiped out the account and filed bankrupt the next day.
two months later is when emc forced me to give them 1800 and agree to pay them a 33 percent increased payment for six months My wife and agreed and signed an illegal adhesion contract stating the terms I just listed.

When time of the sixth payment came they posted it dec 28 when i believe the due date was the 27.Even credit card companies give 10 days grace around christmas. They sent the payment back and demanded another 1800 ans another six months of inflated payments .At this point I called a lawyer .

two years goes by and the lawyer says give them 1800 and make your regular payment.I make my next two payments sent signature confirmation and they go through. the third payment is the one they tried to say they got late when we know and can prove they signed well in advance for it.

I have little time left on this matter and I fear they are going to win I feel like my lawyer might be in on it please help Im in the 43604 zip code of toledo ohio less than 10 miles from you

.lets not let these evil people treat the little guys unfairly .how can they repeatedly gety away with this I see stories like this on the web everywhere .I dont get it It seems they control the world or something. for many years now i ve been losing sleep on this matter so late night calls are no big deal
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#9 Consumer Comment

Help me I am a victim just like the other mentioned

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

My story and time line is almost identical
I am also paying a lawyer but I think she may be dropping the ball.

I sent my payment certified mail .emc claims they recieve it nov 13 one day late my signature confirmation of delivery is nov 6.emc stamped my moneyorder,which I still have, and mailed it back tome.

They refuse to accept my payment ,and wont return any of my calls .Yesterday I showed up for the first court appearance only to find out that iI was 15 minutes late when the letter I recieved from my lawyer says to show up at a time that was 15 minutes later than that which i arrived simply put I showed up at 1015 thinking i was to be there at 1030 and it started at 10

My lawyer then in forms me now one month from now on nov 3 or 8 th I have to check that emc will calculate how many missed payments and fees and they are going to charge me and we ll see where I am at,numberwise. Last year when I first met with my attorney on this matter she said If they wont clear this up quickly we would seek damages or something like that.

Now it seems that I may be at the mercy of one very evil corperation and I dont understand how. This isnt even the first time they did this to me .When they first aquired my home improvement loan from uc lending emc wrongly claimed that I was 90 days delinquent when in fact days before christmas Uc lending had triple drafted a one time electronic draft from my bank they took three payments around 900 and wiped out the account and filed bankrupt the next day.
two months later is when emc forced me to give them 1800 and agree to pay them a 33 percent increased payment for six months My wife and agreed and signed an illegal adhesion contract stating the terms I just listed.

When time of the sixth payment came they posted it dec 28 when i believe the due date was the 27.Even credit card companies give 10 days grace around christmas. They sent the payment back and demanded another 1800 ans another six months of inflated payments .At this point I called a lawyer .

two years goes by and the lawyer says give them 1800 and make your regular payment.I make my next two payments sent signature confirmation and they go through. the third payment is the one they tried to say they got late when we know and can prove they signed well in advance for it.

I have little time left on this matter and I fear they are going to win I feel like my lawyer might be in on it please help Im in the 43604 zip code of toledo ohio less than 10 miles from you

.lets not let these evil people treat the little guys unfairly .how can they repeatedly gety away with this I see stories like this on the web everywhere .I dont get it It seems they control the world or something. for many years now i ve been losing sleep on this matter so late night calls are no big deal
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#10 Consumer Comment

Help me I am a victim just like the other mentioned

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

My story and time line is almost identical
I am also paying a lawyer but I think she may be dropping the ball.

I sent my payment certified mail .emc claims they recieve it nov 13 one day late my signature confirmation of delivery is nov 6.emc stamped my moneyorder,which I still have, and mailed it back tome.

They refuse to accept my payment ,and wont return any of my calls .Yesterday I showed up for the first court appearance only to find out that iI was 15 minutes late when the letter I recieved from my lawyer says to show up at a time that was 15 minutes later than that which i arrived simply put I showed up at 1015 thinking i was to be there at 1030 and it started at 10

My lawyer then in forms me now one month from now on nov 3 or 8 th I have to check that emc will calculate how many missed payments and fees and they are going to charge me and we ll see where I am at,numberwise. Last year when I first met with my attorney on this matter she said If they wont clear this up quickly we would seek damages or something like that.

Now it seems that I may be at the mercy of one very evil corperation and I dont understand how. This isnt even the first time they did this to me .When they first aquired my home improvement loan from uc lending emc wrongly claimed that I was 90 days delinquent when in fact days before christmas Uc lending had triple drafted a one time electronic draft from my bank they took three payments around 900 and wiped out the account and filed bankrupt the next day.
two months later is when emc forced me to give them 1800 and agree to pay them a 33 percent increased payment for six months My wife and agreed and signed an illegal adhesion contract stating the terms I just listed.

When time of the sixth payment came they posted it dec 28 when i believe the due date was the 27.Even credit card companies give 10 days grace around christmas. They sent the payment back and demanded another 1800 ans another six months of inflated payments .At this point I called a lawyer .

two years goes by and the lawyer says give them 1800 and make your regular payment.I make my next two payments sent signature confirmation and they go through. the third payment is the one they tried to say they got late when we know and can prove they signed well in advance for it.

I have little time left on this matter and I fear they are going to win I feel like my lawyer might be in on it please help Im in the 43604 zip code of toledo ohio less than 10 miles from you

.lets not let these evil people treat the little guys unfairly .how can they repeatedly gety away with this I see stories like this on the web everywhere .I dont get it It seems they control the world or something. for many years now i ve been losing sleep on this matter so late night calls are no big deal
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