WILSHIRE CREDIT CORPORATION WILShire took $2,000 modification downpayment and still forclosed my home! Portland, Oregon

I was ripped off by Wilshire Credit Corp in 2007 of $2,000!  In 2005, when my nightmare began, the arm lifted on my adjustable rate without my knowledge.  When I refinanced my loan in 2003 with Argent Mortgage Company whom later sold my loan to Wilshire, I had no idea I had a adjustable rate.  Being a first time homeowner, and not knowing squat about finances, I foolishly accepted a lower payment plan, not knowing or been explained to the consequences of going with a "cheaper payment".  I later found out the hard way that the "lower payment" meant have an adjustable rate instead of a fixed rate.

In result, in 2005, I was making my payments as usual until one day I get a letter from Wilshire telling me my payments were behind.  Knowing that I have been making my payments, I called the customer service and find out that the arm had lifted four months ago and the payments I had been making were only partial amount payments.  The payments jumped two hundred dollars which left me behind amost $800.00!

To make a long story short, I fell more behind on my payments and my marriage ended.  This lowered my income even more.  At this time Wilshire still did not offer any type of forebearance or loan modification!  It wasn't til several failed attempts to refinance with several mortgage companys which in turn lowered my credit score.

Finally in 2007, After going to a credit counseling as a step in filing bankruptcy, I learned of the loan modification program and I called.  The agreement was made that I pay $2,000 down payment and make my payment on time for six months and then I could refinance.  I made my payments on the 25th of every month!  Well in December the 25th is Christmas for Christs Sake!  They said I broke my agreement because the December 25 payment did not come out of my account  On Christmas! 

Now I am almost two years into foreclosure,  they have added almost $20,000 worth of lawyer and forclosure fees to my balance make my home worth almost nothing!

The best part is the only offered a "temporary" fixed rate for three years with a payment that was doubled the original amount (which I can't afford) and then i would go back the the adjustable rate and repeat this process again.

Why not give me a fixed rate with the payment I was paying before and extent the length of the loan?  They have my $2,000!