• Report: #399968

Complaint Review: Saxon Mortgage Services

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  • Submitted: Wed, December 10, 2008
  • Updated: Wed, December 10, 2008

  • Reported By:howell Michigan
Saxon Mortgage Services
saxon mortgage .com Austin, Texas U.S.A.

Saxon Mortgage Services no short sale or loan mods Austin Texas

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7-07 got notice of increase in apr adjusting up 2 points. we have good credit but it jumped anyway.we called them and said we cant afford increase of $200 and would have trouble making it .we lasted 6 months before another increase of $200 came.

.we had been in contact during and before increase came -we pleaded with them to modify but no one would work with us. I called them to tell them i did not have all the payment -would they take what we have -they said all or none.

since feb they called us- harressed us daily 2-3 times a day .I would offer what money we had -they refused anything less. they started forclosure.

IT went to shariff sale but before that they paid past due property taxs 5 days before sale.?hmmm whats that about? now another co is paid our winter tax lptax soulutions pasadena ,ca ?

our property was valued at $142k when we bought it in 99-when it was refied in 05 -it was $220k. Is this sound like predatory lending ? 6.125 apr to 10.0

when we always on time with our payments -never late -good credit???? still saxon will not work with us .***during forclosure they lowered our apr back .8.0 .

we called them to to see if they were going to work with us . only if we had past due+ added fees. bottom line "they never tried to work with us" !!!!!!!!!!!!
"No goverment bale out shoud be even considered for Saxon Mortgage or Morgan Stanley"!!!!!!!!!!!!!

Robert
howell, Michigan
U.S.A.

This report was posted on Ripoff Report on 12/10/2008 02:14 PM and is a permanent record located here: http://www.ripoffreport.com/r/Saxon-Mortgage-Services/Austin-Texas/Saxon-Mortgage-Services-no-short-sale-or-loan-mods-Austin-Texas-399968. 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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