HSBC MORTGAGE SERVICES Payoff Fraud and false statements ripoff Brandon Florida

I've read alot of reports about these greedy thieves.My husband and I are also
victims of this so-called bank business and suffering for it.Long story short,when I
came across your report,it immediately put chills up my back.Why?Because we had
re-fied in 01/2006 with Accredited Home Lenders and they immediately sold our
loan to HSBC,with the ones in Brandon,Fl.,just like yours.We had NEVER even heard
of HSBC.We started to make our payments in March 2006 to Accredited,as noted in
the re-fi,and all of a sudden in April 2006,we re-ceived a letter in the mail from
HSBC stating they had purchased our loan and that our payments would be due to
them now.I asked for the date they purchased it and they couldn't even make up
their minds.

Finally,(Christina Modeme) stated the date of purchase was in January,
so the rest is history.I will tell you this.When I asked several times why did they
(HSBC) wait all the way to April to notify us,that is where the war began.Note: I
still have the letter.In fact I have EVERYTHING! I'm a keeper on these sort of things
and I also have 4 back to back recorded conversations with these theives.
I'm replying to this in hopes of staying in touch.Why? Be-
cause if more Americans would put their differences a side,put their egos a side
and stick to-gether,more people could keep their homes instead of losing them.And
just maybe there wouldn't be so many out on the streets.Please,if you'd like to
stay in touch,call me T.I won't put my name on the internet.
At this point,me and my husband are both disabled,and can't afford a high class lawyer.Chapter 7 went through,but our home is still being forclosed on.So please,let us know what happens in your case.Or if there is any-
thing you could help us with.
People don't realize that HSBC and other Predatory Lenders are buying the law.That's how they keep taking people's homes from them!
It's going to take good honest Americans to come together on this and stay to-
gether fighting them.

As an n update to the ongoing HSBC saga, I am now in court. I am suing HSBC for violations related to TILA and RESPA. HSBC was issued a valid and legal Right to Rescind Notice on 04/04/2007. HSBC responded by stating that they reviewed the account and my claims and decided that they would not rescind the mortgage. My claim to the notice was in fact that the loan was under disclosed and understated. The loan was audited by an independent 3rd party and found that the Truth in Lending Disclosure statement contained false and misleading information, figures and payment schedules were wrong or missing.

The audit also produced figures indication what figures and amounts should have been listed. These figures and this report as well as the original documents were sent to HSBC. They claimed that my loan was correct and that the loan was in fact over stated. They again ignored the rescind notice and began foreclosure proceedings.

It was at this point I decided to fight back. I contacted the State Attorney Generals office, FTC, OCC, CT. Banking Commissioners office, Senator Dodd (ranking member Senate Banking Committee). As a result of this complaints and actions the foreclosure was stopped. Even in the face of overwhelming evidence, or the fact that investigations were underway, HSBC refused to accept the facts and respond as the law required.

I filed a counter claim in one court as a defense against the foreclosure, and began a civil suit in another court. While waiting for HSBC to respond to the summons issued regarding the civil suit, my mortgage was due for the first increase. A letter sent by HSBC arrived stating that my new increase was scheduled to start on 11/01/2007. In the letter it stated the new payment, interest rate and the scheduled start date. The amount listed on the TILA disclosure statement shows an amount of $1400.00. The new amount states the new amount as $1600.00.The new payment amount listed matched the amounts missing on the disclosure statement as indicated by the audit.

One week latter a statement was sent showing the same amounts as listed on the previous letter. The amount used by HSBC as the new payment shows beyond any shadow of a doubt that the loan is in fact understated and under disclosed.

As a further check I used 3 separate programs, one being supplied by OCC to verify the audit. All three came back with the same figures, payments schedules and total finance charged total payments and finance paid... All three produced the $1600.00 figure plus or minus a few cents that the audit produced. I then sent this information to HSBC. They ignored it. They again stated that nothing was wrong with the loan documents, and stated the new payment would be $1620.91 knowing that the disclosure statement shows $1400.00.

HSBC cares little for the consumer and even less when it comes to the law. HSBC uses the law when it is in their best interest, and ignores it when it is in the interest of the consumer. The loan was purchased by HSBC and not originated by them, but in doing research HSBC stopped buying any additional loans in April 2007 from the company that wrote my loan. It seems others have filed complaints with HSBC regarding loans purchased and written by this company. An employee at HSBC upon hearing that I was suing made the comment Not another Accredited Home Loan issue. This individual was a paralegal working in the home office.

HSBC is under fire across the world. It has set it self up as one of the worlds leading predatory lenders. It has by its own actions based on greed set its self for a major downfall. I advise every consumer who has a mortgage serviced by HSBC to have your loan audited. I also advise anyone doing business with HSBC to be very diligent in its record keeping, keep all correspondence from HSBC, record all telephone conversations (were legal) and if any wrong doing by HSBC is uncovered contact state and federal agencies, file complaints and take legal action. Understand that HSBC will not hesitate to use the law against you.

AS a third post to my on going saga with HSBC, the final autit has turned up additional problems. The next problem is that the amount listed as amount financed on the original Truth in Lending Disclsoure statement list the amount of $204,432.52. As it turns out they padded the figure by $3,197.77. The entire loan was for $210,000.00 even. The payout was $ to the prior lender was for $201,234.75, other closing cost totaled $8,765.25. Of the $8,765.25, $3,820.77 was for taxes and escrow. In effect they expect me to finance the remainder of the closing cost. The remainder included recording fees, lawyer fees, FedX fees etc. It also included a broker fee for loan origination of $2,321.00.

I need a real good lawyer that doesn't want $5000.00 up front. I am disabled and on a small fixed income. Thus far I have act in my own behalf but in need help.

In my case, HSBC has committed 7 counts of fraudulent credit reporting.

I talked to a lawyer, sent a RESPA letter.

They claimed to fix it, and sent me this written response to the RESPA letter:

"We have lost your mortgage files."

Even though they said they fixed the credit reports, they have reported to all 3 bureaus that the negative remarks were true and accurate.

I am in the process of suing them.

I agree that they are a big company that does not care if they mess up anyones credit. They probably figure they will get away with it because I wont want to pay court costs.

They will soon learn that they were very wrong with this assumption.

Because of them, we now have a mortgage that is way above what we should be paying, and we are stuck with paying mortgage insurance... an extra 492.00 additional monthly payment, and our mortgage itself is 1000.00 more than it should be.
We are now paying about 1500.00 extra because of them.

Keep in touch. If my lawsuit works out, I will let you know.

This to add to my orginal post. Since I posted the complaint against HSBC, I had a complete audit done of the mortgage note. And to add insult to injury it was discovered that the note was under disclosed by $294,303.54. This a proven fact by figures and lack of figures on the HUD settlement documents. As a result I am filling a $1.5 million lawsuit against HSBC.
Under disclosing the note is a major violation of truth in lending.

Word of advise. When in doubt have your mortgage note audited by a qualified specialist. Since having it done I found out that mortgage companies hide all kinds of ileagal fees, charges and kick backs in the HUD statements. Also as in my case under disclosing the cost of the loan.

Any good attorneys looking for a job.

This to add to my orginal post. Since I posted the complaint against HSBC, I had a complete audit done of the mortgage note. And to add insult to injury it was discovered that the note was under disclosed by $294,303.54. This a proven fact by figures and lack of figures on the HUD settlement documents. As a result I am filling a $1.5 million lawsuit against HSBC.
Under disclosing the note is a major violation of truth in lending.

Word of advise. When in doubt have your mortgage note audited by a qualified specialist. Since having it done I found out that mortgage companies hide all kinds of ileagal fees, charges and kick backs in the HUD statements. Also as in my case under disclosing the cost of the loan.

Any good attorneys looking for a job.