Household Mortgage Credit errors related to my mortgage company that is owned by Household Finance Corporation Elmhurst Illinois

I know how you feel because I have been fighting for 3 years with HFC over a 3rd mortgage. I have chosen NOT to pay them anymore. Problem for them is they cannot foreclose. Countrywide will not allow it(nether will the VA) and BoA will not allow it either. We have already talked to all 3 of them. My payments are current with my 1st and my equity-line.

As long as I never close the Equity-line, HFC will never be able to do anything. They are both 1st and 2nd lien holders. In order for HFC to get a foreclosure, they either need the permission of Countrywide, the VA, and BoA (all 3) or to go to court and get the Judge to approve. Here's where it gets fun.

HFC does not have my or my wife's signature on anything. We lost our records in a fire and the paperwork HFC has is forged by someone else. They have given up trying to get us to pay. We told them the last time they called, months ago, to either send us all the paperwork they have on us, take us to court, or go to hell. I guess they opted for #3.

We went to the courthouse and got copies of every mortgage we have ever gotten. All of them except for the HFC deed of trust has our signatures on them. That one has the signature of the notary who handled the paperwork after closing on the loan. She didn't even try to copy our signatures. She just signed them in her own style. Too funny.

HFC has been sued by 50 Attorney's General and lost big time. They offered us $500 to settle. We laughed at them. If we accept the "settlement" we cannot continue to not pay them. They tried at first to say they were audited by the Feds and our paperwork was in order. We told them the auditors were looking for inconsistencies only and since the only paperwork they had to go on was the forged docs by HFC, they had no reason to flag it.

We were sent a letter by the Auditors telling us NOT to send them anything while they were doing the audit. We told HFC we just wanted the loan to be what we signed. This fight has been ongoing since the very first bill we got from them.

The payment was about $90 higher than it was supposed to be, and even when we paid it on time every month for the first 1 1/2 years, not a single penny came off the principal balance. Our attorney sent them a letter and suddenly, about $500 dropped from it. Big deal. We started to slow down the payments thinking they may get the message that we were serious about the paperwork and the loan terms.

We told them no more $$ until we get copies of the paperwork they have. Countrywide and BoA had no problems sending us copies. The paperwork they sent shows our interest rate to be almost 16%. When I asked them why anyone would pay 16% to pay off all their credit cards with the highest one at 12% and the rest of them at 6%-9%, and with the payment much higher than what I was paying, they were oblivious. At least when I was paying the cards, even at the minimum payment, $$ came off the balance.

I mentioned to them that the terms need to be put where they were when we signed or they will get no more $$ from us. They can't foreclose, and they know it. FIGHT them. HFC is losing in court nearly every time they go. Beneficial is their subsidiary. Good luck. By the way, for everyone who hates me out there in ripoffland, I am fine even if I get a "foreclosure" on my credit report. And yes, you CAN get a "foreclosure" on the report without them actually ejecting you from the property. They can, at their option, wait untill the 1st and 2nd drop off before doing the courthouse thing. Good luck to them.

The 1st still has 20 years on it and the 2nd is until I pay it off. I have my own business, credit out the wazzoo with dozens of suppliers, houses in 2 states and plenty of cash. Money talks, and BoA loves me. So does Countrywide. The VA has said they'll guarantee the loan on another house if I choose to go that way on my next purchase.

The area the house in NC is in is currently being looked at for use as a Naval Gunfire range since the Military cannot use Puerto Rico anymore. Sweet. They'll get a friggin crater.