- Report: #346224
Report - Rebuttal - Arbitrate
Complaint Review: Wilshire Credit Corp
Wilshire Credit CorpPasadena , California U.S.A.
Wilshire Credit Corp caused buyers to back Pasadena California
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The next offer I recieved though was 20,000 dollars less than the total I owed.I accepted the offer cause I could no longer pay the mortgage.The other downside is wilshire says the do not do short sales as part of a wash for the money that is short.
Wilshire says they do accept to do a different loan after the sale of the house then with the 20,000 that made it a short sale I owed to wilshire for a loan of 10 years.
I really think this is unfair because other banks do accept a short sale for which that is the reason they call it that but wilshire doesnt.It seems like it put me in a position where I had to accept it or Iwould go into foreclosure.They also make me pay interest on the 20,000 dollars.
I also need help with anyone who knows how it affects you after,credit wise.I have lates on my loan now every month after the sale of the house which has greatly affected my credit.
Is there anyway I can still get this 20,000 dollars that I owe washed..please help
plainsboro, New Jersey
This report was posted on Ripoff Report on 07/01/2008 07:33 AM and is a permanent record located here: http://www.ripoffreport.com/r/Wilshire-Credit-Corp/California/Wilshire-Credit-Corp-caused-buyers-to-back-Pasadena-California-346224. 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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