- Report: #465745
Report - Rebuttal - Arbitrate
Complaint Review: Option One Mortgage Inc.
Option One Mortgage Inc.6501 Irvine Center Irvine, California U.S.A.
Option One Mortgage Inc. - AMSI being 2 months, I went from a default of $9,,725.89 to having to sign a forarance agreement for $30,884.60 in 2 weeks. Irvine California
I got 2 months behind on my own mortgage with Option One Mortgaging Inc. I sent my third month payment in but Option One sent it back to me and filed a NOTICE OF DEFAULT dated 4-15-08 in the amount of $9,725.89. I called Option One right away to find out how to make the payment and cure the default. I was told that I now owed them $14,100.00 and I would have to sign a forbearance agreement right away or my house would be sold. By the time they put together a forbearance agreement I owed them $30,884.60. This all happened with in two weeks.
Option One wanted me to send them $7000.00 overnight and make $5,971.15 payments for four months, which I did.
Before my last payment was due I was recommend to talk to the owner of Eagle Crest Terry Whitington III, a loan modification company. He assured me that he dealt with this kind of stuff all the time with a great success rate of 99%, and he was sure he could help me. I agreed to work with him. I paid him $2000.00. He called and told me that he had talked to Option One, they told him to have me make my regular payments, which I did. Option One refused my payment.
I just recently found out he is not listed with the DRE. Option One would not except my payment. I called Terry Whitington III but would not answer any phone calls from me. I called Option One and was told that If I sent them $10,000.00 over night and agreed to pay $6,000.00 a month for one year they would stop the foreclosure proceeding. I could not do that so I filed bankruptcy to stop the sale of my home. As soon as the bankruptcy was dismissed Option One sold my home to Wells Fargo. The first I knew about this was when I got an eviction notice.
I am still living in my home and desperately trying to keep it. I am trying to work with Wells Fargo but they are not being very cooperative. I thought the banks were trying to keep people in their home!
Before this all started I was never late with my payments.
Can someone please help. I would like to start a class acton suit aginst them!
This report was posted on Ripoff Report on 06/28/2009 11:09 AM and is a permanent record located here: http://www.ripoffreport.com/r/Option-One-Mortgage-Inc/Irvine-California-92616/Option-One-Mortgage-Inc-AMSI-being-2-months-I-went-from-a-default-of-972589-to-hav-465745. 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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