• Report: #310651

Complaint Review: HomEq Servicing

  • Submitted: Wed, February 20, 2008
  • Updated: Sat, March 01, 2008

  • Reported By:windsor Connecticut
HomEq Servicing
homeQ.com Nationwide U.S.A.

HomEq Servicing funny article North Highlands California


*UPDATE EX-employee responds: SERVICER... NOT LENDER!

*Consumer Comment: Just to Make Them Look Good, and the Fraud Continues

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I am a victim of HomEq Servicing. My loan reset in Jan 2008. I have been calling them every day and that fisrt say yes we will fast track you loan with a rate lock. They then say so to continue we will transfer you to the Collections dept. Then collections say no we dont modify loans or you loan is not taged for modifiaction or your investor is not perticipateing in the congressional rate lock program. They say you are paying so keep paying os sell your house. I found this article on the web and had to laugh.

About Reuters
HomEq Servicing Joins with NeighborWorks(R) America to Help Prevent Home Foreclosure
Wed Jan 9, 2008 3:00pm EST

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WASHINGTON--(Business Wire)--NeighborWorks(R) America is pleased to announce that HomEq
Servicing has joined other leading members of the financial, mortgage,
insurance and nonprofit sectors in a partnership to provide struggling
borrowers with alternatives to foreclosure.

This partnership recently launched a Foreclosure Prevention Advertising Campaign with the Ad Council. The campaign seeks to decrease foreclosures by directing borrowers to call a dedicated toll-free number, where they receive experienced, quality counseling and are connected, as appropriate, with their lender or local
NeighborWorks organization.

The campaign focuses on reaching the population of homeowners (currently estimated at above 50%) who do not contact their lender/servicer prior to foreclosure.

Both NeighborWorks(R) America and HomEq Servicing are confident that it is helpful to provide a comfortable environment in which borrowers are free to discuss their situation and explore options. These options can include tangible goals on which borrowers can focus to save their homes from foreclosure. As shared by Art Lyon, HomEq CEO, "We are very pleased to announce our support of NeighborWorks and look forward to a collaborative effort to provide distressed homeowners with additional resources and guidance to prevent avoidable

More information about NeighborWorks(R) America and the NeighborWorks(R) Center for Foreclosure Solutions can be found at www.nw.org.

About NeighborWorks(R) America

NeighborWorks(R) America creates opportunities for people to improve their lives and strengthen their communities by providing access to homeownership and to safe and affordable rental housing. To date, we have assisted nearly 850,000 low- to moderate-income families
with their housing needs. Much of our success is achieved through our support of the NeighborWorks(R) network -- more than 235 community development organizations working in 4,400 urban, suburban and rural
communities in all 50 states, the District of Columbia and Puerto Rico. In the last five years, NeighborWorks(R) organizations have generated more than $12.4 billion in reinvestment in these communities. NeighborWorks(R) America is the nation's leading trainer of community development and affordable housing professionals.

NeighborWorks(R) America
Doug Robinson, 202-220-2360

windsor, Connecticut

This report was posted on Ripoff Report on 02/20/2008 07:31 PM and is a permanent record located here: http://www.ripoffreport.com/r/HomEq-Servicing/nationwide/HomEq-Servicing-funny-article-North-Highlands-California-310651. 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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0Author 3Consumer 0Employee/Owner
Updates & Rebuttals

#1 UPDATE Employee



WHY DO YOU THINK YOU GET TO BE BAILED OUT OF YOUR INGNORANT CHOICE TO SIGN AN ADJUSTABLE RATE MORTGAGE? Yes our "President" signed a strict modification "Fast-track" legislation to place on accounts who "QUALIFY". On top of that which of the restrictions do you not meet? I know you are angry, but HomEq can not bail you out of your decision. We did not hold a gun to your head and make you sign the mortgage, we did not orginate the mortgage for your so WHY ARE YOU POINTING THE FINGER OF BLAME AT ANYBODY ELSE BUT YOURSELF!?!?!!?

Did you enjoy the cash out, when your were spending it, or how about the Credit Cards you ran up and paid them off with your new loan, how did that feel? I feel for your ignorance, I really do, I have to hear your stories every single day, but PLEASE stop blaming everyone else for your mistake. We are tired of hearing it. Sorry for your loss, I'm sure soon you will buy another house and make a better decision that time. Thats life.
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#2 UPDATE EX-employee responds


AUTHOR: Homeq Knowledge - (U.S.A.)

Did you ever think it was your idiot lender that was preventing HomEq from modifying your loan? Maybe you should contact them and get upset with them about fraud, because all HomEq does is service your loans under the terms that you agreed to with the lender. If your lender won't let HomEq modify your loan then there is nothing they can do.
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#3 Consumer Comment

Just to Make Them Look Good, and the Fraud Continues

AUTHOR: Tired And Tattered - (U.S.A.)

Jeff, that is the laugh of the week. This is to try and take the heat off themselves. Mortgage Servicing Fraud is rampant. It is the reason for many of the foreclosures that are being claimed in this country. The one thing that I found out is that you can not talk on the phone with them. You must get everything in writing. If you can not legally record the phone conversations you should stay off it. Check out msfraud.org. This site is dedicated to the whole Mortgage Servicing Fraud scam. The state of Ohio is dismissing many foreclosures as you will find out on this site. A few of the judges are starting to take notice. We still have a long way to go. Ohio is also suing several banks and mortgage servicers. Go Ohio!!! If we can just get more judges in more states to do the same we might be able to save our homes. Good Luck and check out the site.
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