- Report: #239126
Report - Rebuttal - Arbitrate
Complaint Review: Washington Mutual Bank
Washington Mutual BankMailstop: No70206, 19850 Plummer Street Chatsworth, California U.S.A.
Washington Mutual Bank Predatory Lending At It's Best Yet - Damaging Consumers State Wide Ripoff Chatsworth California
*Author of original report: Washington Mutual Bank Misunderstanding The Facts
*Consumer Comment: Your defensive response
*Author of original report: WAMU - you did everything but call me an idiot.Rebuttal
*Consumer Comment: Wamu
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Since this time, we not only had a pre-payment penalty, but we presently have an interest rate of 12.4%, which is against the law under the state of Illinois as the APR Cap is 11%.
During the course of our mortgage, we started to see thousands of dollars being demanded to go into our escrow account, even though it was included in our payment. To Date they are asking for another $6,000.00 plus to be put into escrow and are proceeding with foreclosure unless we pay the new and revised payment amount of $1,384.38. This amount doesn't include any late fees or other additional fees that they keep adding on and they refuse to provide any written explanation of charges regarding this matter that has been ongoing for 5 years now.
Since we have refused, due to them not substantiating the payment increase and our refusal to pay such, they have decided to proceed with foreclosure.
I have worked in the Banking Industry for years, in the collection and foreclosure of home departments of major lenders and I have never seen such outlandish and illegal practices in my lifetime.
Anyone that is going through this, please reply, as I have now contacted many Government Resources that will assist with these type of matters.
Good Luck and God Speed To Any and All Involved with these Shysters.
This report was posted on Ripoff Report on 03/15/2007 06:08 PM and is a permanent record located here: http://www.ripoffreport.com/r/Washington-Mutual-Bank/Chatsworth-California-91311/Washington-Mutual-Bank-Predatory-Lending-At-Its-Best-Yet-Damaging-Consumers-State-Wide-239126. 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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