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Report: #1306071

Complaint Review: America's Servicing Company - Des Moines Iowa

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  • Reported By: TONIA — Monroeville Pennsylvania USA
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  • America's Servicing Company PO Box 10388 Des Moines, Iowa USA

America's Servicing Company ASCWells Fargo Bank, N.A.Deutsche Bank HAMP & Proprietary Fixed Rate Modification - Fraudulent Process Des Moines Iowa

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ASC, is a NON-PRIME Loan servicer, backed by Wells Fargo who refuses to list themselves as the primary lender and show they carry all the medium to low end "risk loans". This Company has well over 7000 employees world wide, working in office locations as well as virtual roles. Each team and/or department within DO NOT know all the rules and regulations for each state they provide mortgage loans within, nor do they know each others internal loan processes. You can and will be told very many different requirements, you will not be provided with inaccurate information, you will be sent an absorbent amount of paperwork should you fall behind (which will definately confuse the homeowner), you will receive repetitive calls that border harrassment, you will have fees assessed that no one can explain, you also will be advised that your terms and conditions have changed and therefore you are no longer eligible for certain items, or that you do not meet the requirements, and that they do not have to advise you of those terms and condition changes. You will have an apprasial via a drive by and sent the documentation without knowledge, fees assessed because and the value of the house significantly lowered because of failure to perform the proper assessment. You will be forced to go thru processes that are not necessary, team leads and or management will not return your calls, and if they do they will not take the time to review and or explain nor back what information being provided for NO ONE within will be held accountable, requests on your end will not be met, your credit score will be adversely impacted.

This Company has been sued via Class Action Lawsuits and still performs day to day operations in the same manner it was sued for repeatedly. Millions of individuals have lost their homes for false documentation, very poor customer service representation, over accessed fees, falsified processes and information, certified documentation that is NOT legit.

These companies will foreclose your home and file a claim with their insurance companies to receive their ROI on the loan you had, so they have NO out of pocket LOSS for your property that you should have never lost.

BIG BANKS, BIG INSURANCE Companies are being allowed to perform FRAUDULENT activities that fall under steep criminal fraud charges.

Analyst Warns Deutsche Bank's Problems May Now Be "Insurmountable...tens of billions in legal settlements and charges its most criminal bank, and they are Wells Fargo and ASC's affiliate bank.  **REPORTED TODAY**

How can any bank and/or its affiliates continue to operate in this manner, and commit many forms of fraud against MILLIONS of consumers everyday. When are these banks held accoutable, when do the hard working taxpayers have a say, who will stand up and stop this?

These types of actions are ruining the US Economy daily and we continue to allow companies like this to perform in the said manner they are.

This report was posted on Ripoff Report on 05/17/2016 11:25 AM and is a permanent record located here: https://www.ripoffreport.com/reports/americas-servicing-company/des-moines-iowa-50306/americas-servicing-company-ascwells-fargo-bank-nadeutsche-bank-hamp-proprietary-fix-1306071. 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. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

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