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Report: #397538

Complaint Review: Homecomings Financial - Internet

  • Submitted:
  • Updated:
  • Reported By: detroit Michigan
  • Author Confirmed What's this?
  • Why?
  • Homecomings Financial homecomingsfinancial.com Internet U.S.A.

Homecomings Financial homecomings wants you to lose your home! Internet

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Ok, here is the rundown of my terrible situation with homecomings. I purchased my home in nov of 2004 for 105, 000. its an older home (1964) it appraised for 115,000 so i already had a little equity in the home. i know
now that i had an ARM (7.9%) ouch....anyway. During my layoff with the city in feb of 06 i find out that the city of det never had my homestead in the computer
(although i have proof with the time/date stamped papers that i turned it in)...my payment was skyrocketing from 762.00 a month to 1800.00 a month because
the city charged my mortgage company almost 10,000 in taxes for my 1200sq ft corner lot.

i tried to get homecomings to help me when i saw this about to go to hell...they told me i had to be 3 payments behind. of course i could only keep up with that payment for a short time before giving up. i notified homecomings of the tax mix up and pleaded with them to look into it. the tax info is also public info listed on the city's web site...they wouldn't!the foreclosure process had started. a sale was set for
sometime in dec 06. seeing chapter 13 as my only way out, i filed on nov 30, 2006.

my bankruptcy case was NEVER confirmed. the city of det acknowledged the mistake, applied the homestead in the system in 06, but that still left the city owing a refund to the mortgage co so that my balloon payment would adjust. the city sent the mortgage co a refund of 3,000 and some odd dollars. that still left a balance of almost 7,000 to be sent to the mortgage co (homecomings
financial). this case dragged on and on in court with the city stalling.....needless to say, the city NEVER AND STILL HAS NOT PAID THE DIFFERENCE!

Homecomings finally got fed up and told my attorney from Negosian and Associates that they no longer wished to wait on the city and my payment had to be adjusted to cover the rearage (even though they could have done something to help, they didn't). My attorney gave me the fantastic option of readjusting my bankruptcy payment of 516.55 every pay (bi-weekly, which came directly out of my payroll check) to 900.00.....which would have made me pay 1800.00 a month (which is why i filed in the first place) or i could have the case dismissed and just re file in 6 months....which i am able to do because
my case wasn't discharged. So....since I refused to pay d**n near 2000.00 a month in a mortgage payment for a piece of property in Detroit...i choose option B,
the dismissal.

now i am stuck back where i started.....no resolve with the bankruptcy situation....now that is on my credit for no reason...and my house with be going back into foreclosure soon....because nothing was done. the case
was dismissed 2/4/08. of course because my payments were taken out of my check during the bankruptcy process...they were on time.

i have not made any payment since the dismissal because they want 1800...they're not getting that from me.
(A.) i would like to get a new mortgage and just move the hell away......(B.) refinance this home...get a lower payment with a fixed interest rate...and on a
long shot..some cash back for improvements. (C.)say forget it....and end up in an apartment. those seem to be the options i have.

my credit will really be smashed if this foreclosure goes through. oh yeah....selling the home would be
great...but who can find a buyer in this market? so basically im left with having a bankruptcy and foreclosure on my credit...or filing again (which i
wouldn't dare) and having 2 bankruptcies on my credit in less than 2 years. of course i plan on suing the city because of all the hell they have caused me, but
that is down the road, because i have to deal with my immediate situation now......im sure i owe at the very least the exact same amount...if not more on the home that i started out with because of all the b.s. fees the mortgage co has tacked on. i would love just to get a new mortgage and just take the hit on my credit for the foreclosure if i can find funding for the new home. payment was never a problem...and was never late, until the city of Detroit turned my life into hell! i had no other debt listed under the bankruptcy plan except my
home :( now homecomings is willing to accept 20 to 30,000 in a short sale for the property instead of just helping me...or listening to me in the beginning. the situation is still unresolved...its almost 2009!

Nita
detroit, Michigan
U.S.A.

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This report was posted on Ripoff Report on 12/03/2008 04:18 PM and is a permanent record located here: https://www.ripoffreport.com/reports/homecomings-financial/internet/homecomings-financial-homecomings-wants-you-to-lose-your-home-internet-397538. 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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