• Report: #188255

Complaint Review: HFC, Household Finance Corp III, HSBC, Beneficial

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  • Submitted: Mon, April 24, 2006
  • Updated: Tue, May 16, 2006

  • Reported By:North Arlington New Jersey
HFC, Household Finance Corp III, HSBC, Beneficial
2700 Sanders Road Prospect Heights, Illinois U.S.A.

HFC, Household Finance Corp III, Beneficial fraudulent, immoral, illegal, invalid mortgage given without consent to ex-husband Prospect Ripoff Heights Illinois

*Consumer Suggestion: Lender's Instructions and Title company

*Consumer Suggestion: Lender's Instructions and Title company

*Consumer Comment: Mortgage Advocate Dan

*Author of original report: HFC Knew he was married and gave the loan anyway!

*Consumer Comment: RE:

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I live in NJ. In 2000 my then husband was permited to take a mortgage against our marital home without my knowledge or consent from HFC. I was not made aware of it until 2001 when the home was awarded to me as equitable distribution. 3 days after receiving the money, he pocketed nearly $100,000, fled the state, filed for divorce and then filed for bankruptcy (which was denied.) HFC, in flexing their corporate GIANT muscles, has since dragged me through the court system for 5 years now in an attempt to evict me from MY HOME even though their mortgage was done completely illegally!!! Their fraudulent mortgage has cost me over $100,000 in legal fees alone! This January, HFC's complaint for foreclosure, on my home, was dismissed for failure to prove the existence of a mortgage. However, to date they refuse to clear the title to the property including the lis pendens foreclosure action that was dismissed 4 months ago. In New Jersey, no one can extinguish the non-title spouse's right to joint possession or equitable distribution without their consent. Even though THEY broke the law, they have had the audacity to ask our court system to protect them. I have filed a complaint with the NJ Banking Division. Get a load of this, HFC has asked them to dismiss it since I am not a client of theirs, not on the note and did not ask my ex-husband for permission to file a complaint against "HIS" loan! SIMPLY AMAZING! They have dragged me through the court system for 5 years now. My home is currently up for tax sale because fighting this corporate giant has nearly bankrupted me and now I can not get a loan against a home I own free and clear because HFC continues to unjustly slander my title even though they lost in court! Household Finance Corporation is unethical, immoral and will use illegal activities just to give a loan! They have absolutely destroyed my life for the last 5 years. I have not only dealt with the emotional termoil of all this, but, am now suffering from physical ailments from my nerves! This is sickening and I would like to see them shut down forever. They have the money to hire "creative" lawyers to fight anyone. I WILL NOT BACK DOWN HFC!!! YOU HAVE MET YOUR MATCH! Can't wait to see what a jury thinks of all this! I will do what it takes to reveal you for what you are... THIEVES, LIARS, SNEAKS, CRIMINALS AND FIRST CLASS RIP-OFF ARTISTS!

Lori K
North Arlington, New Jersey
U.S.A.

This report was posted on Ripoff Report on 04/24/2006 08:58 AM and is a permanent record located here: http://www.ripoffreport.com/r/HFC-Household-Finance-Corp-III-HSBC-Beneficial/Prospect-Heights-Illinois-60070/HFC-Household-Finance-Corp-III-Beneficial-fraudulent-immoral-illegal-invalid-mortgage-188255. 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 5Consumer 0Employee/Owner
Updates & Rebuttals

#1 Consumer Suggestion

Lender's Instructions and Title company

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

Dan is correct about what company to look at.

The reason for an escrow company/title company to be involved with a mortgage transaction is they are the "third party" or "disinterested party". They do the title search, arrange for the title insurance policy to be issued, carry out the lenders instructions to the "T". Part of their task is to finalize a transaction and make sure all the rights of the parties involved are protected in this transaction.

Just from what I have read about your problem, I would be looking very hard at the title company's involvement and at what they did or didn't do properly.

There are undoubtedly several issues working here, but if a fraudulent transaction was allowed to be completed, the title company was right in the thick of it.
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#2 Consumer Suggestion

Lender's Instructions and Title company

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

Dan is correct about what company to look at.

The reason for an escrow company/title company to be involved with a mortgage transaction is they are the "third party" or "disinterested party". They do the title search, arrange for the title insurance policy to be issued, carry out the lenders instructions to the "T". Part of their task is to finalize a transaction and make sure all the rights of the parties involved are protected in this transaction.

Just from what I have read about your problem, I would be looking very hard at the title company's involvement and at what they did or didn't do properly.

There are undoubtedly several issues working here, but if a fraudulent transaction was allowed to be completed, the title company was right in the thick of it.
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#3 Consumer Comment

Mortgage Advocate Dan

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

You need to contact the States Attorney with everything you have stated AND the Title Company that closed and payed out all the monies from the refinance.

As the previous person stated, if you are on title, there is no way a new mortgage could be funded.

Your best bet is walking into the States Attorney's office with all your information.


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#4 Author of original report

HFC Knew he was married and gave the loan anyway!

AUTHOR: Lori k - (U.S.A.)

K - Levittown, Pennsylvania

Just to let you know that not only did HFC know that he was married since they were in possession of our "married filing joint" tax returns, my w-2s, our "married filing joint" homestead rebate return and "our" homeowners insurance, but, it appears they neglected to follow the direct instructions of the title to company to "A "valid" mortgage must be signed by.........and signature of "spouse" if any...." As I have stated before, they are simply unethical, immoral and could care less about any state laws. New Jersey law prohibits anyone to extinguish the right of joint possession and equitable distribution of the non-title holding spouse without their consent! These guys are nothing but a bunch of bullies! Well, obviously they never heard that "hell hath no furry like a woman scorned!"
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#5 Consumer Comment

RE:

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

Lori -

I read your report & I was interested in knowing if perhaps the mortgage company did not know that your husband was married? I am not sure about New Jersey, but I know that Pennsylvania is a "homestead" or marital rights state, meaning if an individual is married & wants to do a home equity loan, refi, etc, the spouse is REQUIRED to sign, whether they are on the application for the loan or not, to acknowledge that there is a lien being put against a property that is half theirs. There are two ways a mortgage company can figure out if there is a spouse ("vested owner") One being that the spouse shows up on the title report. The second (this is where the problems usually come in) is simply by asking the applicant, in this case, your ex-husband. Unfortunately, this does leave room for deception. If NJ is a maritial rights state & you were not on title, the mortgage company would have to ask your ex if there is anyone else that is "vested" in the house. If your ex said no, then there would be nothing else for the company to go off of, except his claim.

I have been a loan officer for about 2 years now with a privately owned brokerage, and I have seen and heard a LOT of bad things. But, I am willing to bet that what happened in your case was not a vicious move on the mortgage company's part, but a deception of your ex. I would check out your state laws on maritial rights to see if you can get to the bottom of this. good luck!!!
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