• Report: #297763

Complaint Review: Saxon Mortgage Services, Inc.

  • Submitted: Mon, January 07, 2008
  • Updated: Mon, January 07, 2008

  • Reported By:Saline Michigan
Saxon Mortgage Services, Inc.
P.O. Box 161489 Ft. Worth, Texas U.S.A.

Saxon Mortgage Services, Inc., All U.S. taxpayers & subprime ripped by Saxon churning of FEMA Rate Maps Ft. Worth Texas

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Subprime mortgage was assigned to predatory lender Saxon who fraudulently initiated FEMA Rate Map flood zone change from not required as identified by local government and initial mortgage property description record to highest classification for rip off by Saxon insurance arm.

Saxon unilaterally and illegally requested subprime to churn FEMA records with LOMA change within 5 days from Saxon's "wrongful non-existent map identification and flood classification" while billing subprime an unwarranted inflated premium with escrow insurance charge, late fees from unaccepted correct payments, and unwarranted property inspections fees.

Saxon's Texas and Virginia corporate locations allowed difficulties to evolve to point of possible foreclosure, etc. with refinancing difficulties and expense.

Saxon abuse through FEMA was documented to FEMA General Council and Dept. of Housing Inspector General. See complaint to Florida Dept. of Financial Services #CP20070700435 for abuse of subprime details.

Saline, Michigan

This report was posted on Ripoff Report on 01/07/2008 12:12 PM and is a permanent record located here: http://www.ripoffreport.com/r/Saxon-Mortgage-Services-Inc/Ft-Worth-Texas-76161/Saxon-Mortgage-Services-Inc-All-US-taxpayers-subprime-ripped-by-Saxon-churning-of-F-297763. 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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