• Report: #40657

Complaint Review: HomeSide Lending (Washington Mutual Bank)

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  • Submitted: Wed, January 08, 2003
  • Updated: Wed, January 08, 2003

  • Reported By:Huntsville Alabama
HomeSide Lending (Washington Mutual Bank)
P.O. Box 47524 San Antonio, Texas U.S.A.

HomeSide Lending (Washington Mutual Bank) Mortgage Payment Increase Due To Doubling Escrow Account Ripoff deceptive company San Antonio Texas

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Is anyone else pissed like me that HomeSide Lending raised their monthly mortgage starting in 2003. Mine went to $22.00 more a month. When I called to ask why, I was told that I should be glad because others went up a lot higher (I was so grateful for that - YEAH RIGHT.

When I asked if my insurance went up they said "NO", when I asked if my taxes went up they again said "NO", when I asked if my mortgage went up - again "NO". So what the HELL are you raising my monthly payment by $22.00 a month for? The unacceptable answer was that it was a policy that "THEY" established to have "DOUBLE" the "ESTIMATED" amount required to pay my taxes and insurance. Get it - Their "DOUBLE ESTIMATE".

It sounds like a neat way of extracting interest free money from the defenseless home owner who doesn't have any say or rights as to who buys their mortgage. Personaly, I am getting sick and tired of shopping around for what I consider to be the better mortgage company, only to find out in 30 to 90 days, its been sold to some slinky oufit. I didn't want HomeSide Lending to be my mortgage company but we all are getting force fed this crap.

This is my seventh home and I have never once ended up with my original mortgage company. One of them even managed to screw up my credit rating because I paid the previous mortgage holder the monthly payment and the new one said I needed to pay them for the same month.

I promptly told them I don't make two house payments a month and if they wanted it - Go get it from the company you just bought my mortgage from. Guess what, I was reported as being one month payment late in my credit report. They are slimy SOB's and I really think its time to take action on this. P.S. - Don't get me started on Credit Reporting Agencies - Thats a whole story in itself and would take more room then I have here. I'd like to here from some more of you fed up HOMESIDE LENDING prisoners. REMEMBER - Their is strength in numbers.

Lopaka
Huntsville, Alabama
U.S.A.

This report was posted on Ripoff Report on 01/08/2003 04:10 PM and is a permanent record located here: http://www.ripoffreport.com/r/HomeSide-Lending-Washington-Mutual-Bank/San-Antonio-Texas-78265-7524/HomeSide-Lending-Washington-Mutual-Bank-Mortgage-Payment-Increase-Due-To-Doubling-Escrow-40657. 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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