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  • Report: #377365

Complaint Review: Saxon Mortgage

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  • Submitted: Tue, September 30, 2008
  • Updated: Tue, September 30, 2008

  • Reported By:Hayden Idaho
Saxon Mortgage
www.saxononline.com Forth Worth, Texas U.S.A.
  • Phone:
  • Web:
  • Category: Loans

Saxon Mortgage Is Rediculous We also tried to work a plan with Saxon and ended up in foreclosure Forth Worth Texas

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I don't feel alone anymore, but I wish there were something to do about! My family also got behind with Saxon and was not able to resolve the issue outside of foreclosure.

We talked to person after person (some of which we were told never even worked with the company), only to not be granted any type of assistance in resolving our issue. At one point we were told that we did not "qualify" for their assistance (interest reduction, etc.) because we made $11 too little per month!?!?! The house went into foreclosure and was not sold until over a year after we were evicted. We, ultimately, had to file bankruptcy because of the foreclosure, even though the bank sold the house for less than $30,000 less than our loan amount. We were ultimately sued for over $100,000 in fees, by Saxon, for this loan.

I don't know how to fight back against such a company, but if anyone can offer advise, I would love to hear it! Why is the government willing to bail out companies with such practices?!?!?

Shaun
Hayden, Idaho
U.S.A.

This report was posted on Ripoff Report on 09/30/2008 01:49 PM and is a permanent record located here: http://www.ripoffreport.com/r/Saxon-Mortgage/Forth-Worth-Texas/Saxon-Mortgage-Is-Rediculous-We-also-tried-to-work-a-plan-with-Saxon-and-ended-up-in-forec-377365. 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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