- Report: #291313
Report - Rebuttal - Arbitrate
Complaint Review: Option One Mortgage Corporation
Option One Mortgage Corporation6501 Irvine Center Drive Irvine, California U.S.A.
Option One Mortgage Corporation Misappropriation of escrow funds. Irvine California
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In this letter I was also notified any remaining funds would be returned to me. My escrow account had a balance which I was told was mailed to me on August 17th. I never received a check. I was told to request in writing the check be stopped payment on and reissued to me. After waiting for this check for 5 months I received a letter that stated the excess amount was issued in a check, but when the mortgage company's bankruptcy department received it they realized I owed more money to their department so they kept the check.
For almost 5 months they lied repeatedly to me saying they were working on the check and it would be mailed soon. Then I get a letter in the mail that says my excess funds were applied to the previously "paid in full" loan.
I think this company uses it's escrow accounts to steal the consumers money.
This report was posted on Ripoff Report on 12/13/2007 01:01 PM and is a permanent record located here: http://www.ripoffreport.com/r/Option-One-Mortgage-Corporation/Irvine-California-92618/Option-One-Mortgage-Corporation-Misappropriation-of-escrow-funds-Irvine-California-291313. 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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