• Report: #342836

Complaint Review: U.S. Bank National Association, U.S. Bancorp

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  • Submitted: Sun, June 22, 2008
  • Updated: Tue, January 12, 2010

  • Reported By:Sharpsburg Georgia
U.S. Bank National Association, U.S. Bancorp
800 Nicollete Drive Minneapolis, Minnesota U.S.A.
  • Phone:
  • Web:
  • Category: Liars

U.S. Bank National Association, U.S. Bancorp U.S. Bank National Assoc./U.S. Bancorp is engaged in abusive lending practices. Minneapolis Minnesota

*Author of original report: Update on U.S. Bank

*Author of original report: UPDATE to Greg and other interested parties.

*Author of original report: This is info. to Greg's response on U.S. Bank National Association

*Consumer Comment: Hmm.....where is the rip-off?

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U.S. Bank National Association is engaged in abusive lending practices on our home mortgage. They are doing business with a predatory lender in which the lender failed to adequately disclose important information to us both times during the process of refinancing. To name a few, there are violations regarding our TIL statement which is understated.

There are RESPA, HOEPA, GRMA, GFLA violations, and they have clearly constituted unfair and deceptive practices. The lender misled us on the current loan, and, being the honest normal consumer thinking we were going to get what we were told, we went back to them to do another refinance and they definately defrauded us by not funding the 2nd refinance leaving us so far behind on our payments, we could not catch it up. 3 different times, we begged them to do a loan modification, and each time they said, "Sorry, we cant come to terms with a loan modification. They tried to foreclose in Nov. 07, but we got it put on hold.

The GA. Dept. of Banking and Finance did some investigating. We actually closed a loan with them in Jan. 07. They did not fund the loan. They said it was because that we were in such a hurry that they did not get the final approval and sign off on the loan. Arent you supposed to get everything finalized before a closing? When we signed papers, we thought this was the final closing.

It was done just like the first refinance. We were in such a hurry because a payment was due to the mortgage company and they told us to default on the current loan. They said it was covered in the payoff of the refinance and that they had called and got the final payoff. Not to worry, they said. I called them back 3 times to make sure everything was going to go through as planned as I did not want this to mess up our credit. They lied to us, they threatened us because at first, we did tell them no, and they have tried to bribe us with $2500 dollars to drop the complaints. See, this is not your normal ARM that adjusted and the payments went up. We were not in trouble with the mortgage until the 2nd refinance. There is a lot of equity in our home compared to the amount of the mortgage. The FBI told me that it was a substantial amount and that it showed fraud.

Now, get this, they are setting us up for another foreclosure on Aug. 5, 2008. This is the biggest bunch of crap I have ever been mixed up in in my life. It is clear that they are trying to steal this house so that the bank and the lender and the investors can reap the big payoffs in the end. They have caused myself and my family substantial monetary harm and major humiliation not to mention all the mental stress from this mess. We would like to hear any comments on this and mabe someone could share some helpful information about this situation.

Sharpsburg, Georgia

This report was posted on Ripoff Report on 06/22/2008 12:57 AM and is a permanent record located here: http://www.ripoffreport.com/r/US-Bank-National-Association-US-Bancorp/Minneapolis-Minnesota/US-Bank-National-Association-US-Bancorp-US-Bank-National-AssocUS-Bancorp-is-eng-342836. 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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Updates & Rebuttals

#1 Author of original report

Update on U.S. Bank

AUTHOR: Cindy - (U.S.A.)

Well, for all of you wondering what is going on with this.....it is still ongoing.  Still fighting tooth and nail in federal court.  Waiting on a decision from the judge to hopefully come soon.

To this day......they still have not come up with the security deed to our home!!  We have asked many times now and when we were in court, asked them to show proof that they had a loan for us......Nothing, zilch, nada, not one thing!!!!  As a matter of fact, they don't even know who we are!!

Fight, people, fight for your homes.  Don't let these theives just take them from you.  This is one of the biggest government scam coverups there ever was.  Expose them for who they really are.  Don't give up!!

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#2 Author of original report

UPDATE to Greg and other interested parties.

AUTHOR: Cindy - (U.S.A.)

Moving right along here...we just received a letter from the OCC stating that U.S. Bank National Association has no record of the pending foreclosure or assignment to the bank. They are now telling lies to the government to cover up their bad deals. We never even heard of them until the foreclosure was run in the paper. They were never involved in our situation at all. So, now you tell me how this is not theft with a capital "T"? Somebody is really messing up this time.
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#3 Author of original report

This is info. to Greg's response on U.S. Bank National Association

AUTHOR: Cindy - (U.S.A.)

Everyday, I learn something new in this! This is to inform "yall" that we did get the foreclosure stopped. As I have said before, they will NOT steal my home from me and here is why.

I now have it in writing from U.S. Bank, Foundation Financial, and ASC that NONE of them own or have the mortgage or is assigned the mortgage that they attempted to foreclose on. Therefore, making it an illegal foreclosure. None of them can satisfy the legal standing requirements to institute and maintain a legal foreclosure. Even the foreclosure attorney's have throwed their hands up to this because they know it is not right and that they may be in some real trouble over this.

Now, what mortgage? Need I say more?
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#4 Consumer Comment

Hmm.....where is the rip-off?

AUTHOR: Greg - (U.S.A.)

You suggest US Bank did not disclose vital information about your loan. Did you read the loan docs before signig them? All mortgage terms and conditions are spelled out in the docs you sign.

You say they misled you on your original loan, but you returned for a second loan later? If they were so deceptive, why would you go back to the same lender? Again, did you read the documents as a homeowner is required?

And you mention the FBI. I was not aware that they review mortgages and home equity for consumers.

Lastly, you say they are getting ready to foreclose in August. That would indicate that you have not been paying your mortgage. You imply they are out to make money by foreclosing. Foreclosures are expensive for banks, and they sure don't make a profit on REO properties. No banks want to own more homes in this current market.

So, how can you resolve this? Well, open a dialogue with the bank and ask them about the terms you signed and agreed to. You have a copy of the docs in your closing packet also. Bottom line......pay as you agreed in writing and you keep your home.
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