Report: #482125

Complaint Review: EMC Mortgage Corp.

  • Submitted: Tue, August 18, 2009
  • Updated: Tue, August 18, 2009
  • Reported By: Pat, Anaheim,CA — Whittier California USA
  • EMC Mortgage Corp.
    United States of America

EMC Mortgage Corp. This company has lead my parents astray for about 2 years now. The interest goes up monthly and when they fall behind they say they want to work out a lower payment. The new payment is a negative am Refinancing to eventually get you into a negative amorization loan that grows debt and continues to raise interest rates. Whittier, California

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EMC has been leading my parents (in their 80's now) astray for about 2 years.  Thought company was going to work with my parents who are on a fixed income but after getting involved last year found out they were in a negative amortization loan.  They seeked help from a lawyer who promised a loan modification but I now believe he is no better than EMC.  They have you make some initial low payments just to hike them back up saying if you don't keep up they will foreclose your home.  I am trying to contact every consumer agencies out there.  Where is the Obama modification site to possible report this company?  After searching your site it seems there are quite a few people this company is ripping off and ruining their livelihood as well as my parent's golden years.  If anybody knows any other agencies that can do something to put these kinds of businesses out please reply
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This report was posted on Ripoff Report on 08/18/2009 10:00 PM and is a permanent record located here: 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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