Report: #278643

Complaint Review: Concord Mortgage Corp (American, EMC, Bear Stearns)

  • Submitted: Sat, October 13, 2007
  • Updated: Fri, February 04, 2011
  • Reported By: georgetown Massachusetts
  • Concord Mortgage Corp (American, EMC, Bear Stearns)
    concord mortgage corp.
    Melville, New York
    U.S.A.

Show customers why they should trust your business over your competitors...

I refinanced with Concord mtg corp in late april 2007 with an understanding it was a 5/1 loan at 7%. when the first payment coupon arrived it was marked this is an adjustable rate mortgage, with choice of 4 options each month starting with a rate of 9.37%. My rate has been adjusted 3 times since May. After 3 weeks of trying to contact the loan originator he finally answered me telling me he had his own job & home to worry about and bottom line was he said "you signed, deal with it". I was then sold to American home mtg., then to EMC they raised my principal balance $500., and the second option was raised from 2k to 3k. I am being forced into foreclosure by this company. I am not late with my payment of option 1 that I can afford to pay but they are stripping my home of all equity.

Katiek
georgetown, Massachusetts
U.S.A.
Is this Ripoff Report About you?
Ripoff Report A business' first line of defense on the Internet.
If your business is willing to make a commitment to customer satisfaction Click here now..

Does your business have a bad reputation? Fix it the right way. Corporate Advocacy Program™

Set the record straight: Arbitration Program

SEO Reputation Management at its best!

This report was posted on Ripoff Report on 10/13/2007 04:37 PM and is a permanent record located here: http://www.ripoffreport.com/reports/concord-mortgage-corp-american-emc-bear-stearns/melville-new-york/concord-mortgage-corp-american-emc-bear-stearns-switch-and-bait-melville-new-york-278643. 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

Search for additional reports

If you would like to see more Rip-off Reports on this company/individual, search here:

Report & Rebuttal
Respond to this report!
Also a victim?
Repair Your Reputation!

Updates & Rebuttals

REBUTTALS & REPLIES:
0Author
3Consumer
0Employee/Owner

#1 Consumer Comment

"THE SYSTEM'S GONNA BLOW POEM".......just type in 581744 at this site.......

AUTHOR: Karl - (USA)

and the poem appears as 'Consumer Comment #2' at Ripoff Report #581744.

Thank You

*************************** MORTGAGE ALERT **************************

*Make sure to type in 481508 at this site and read St. Clair's Ripoff Report for valuable information if you have a mortgage in the USA.

Respond to this report!

#2 Consumer Comment

No rebuttal will ever come from Concord, AMC, EMC, Ameriquest or Bear Stearns. They know they are wrong.

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

No rebuttal will ever come from Concord, AMC, EMC, Ameriquest or Bear Stearns. They know they are wrong. This poster's complaints were/are oh so common. And as usual 100% correct.

Why don't crooks like the 5 mentioned above respond or rebutt more often? Here's the answer: They know these complaints are *legit*

Ed in Plano TX
Respond to this report!

#3 Consumer Comment

No rebuttal will ever come from Concord, AMC, EMC, Ameriquest or Bear Stearns. They know they are wrong.

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

No rebuttal will ever come from Concord, AMC, EMC, Ameriquest or Bear Stearns. They know they are wrong. This poster's complaints were/are oh so common. And as usual 100% correct.

Why don't crooks like the 5 mentioned above respond or rebutt more often? Here's the answer: They know these complaints are *legit*

Ed in Plano TX
Respond to this report!
Ripoff Report Recommends
ZipBooks Accounting Software

Advertisers above have met our
strict standards for business conduct.