ED Magedson – Founder
Union Bank of California, California USA
Union Bank of California Doesn't follow the rules Los Angeles California
Unbelievable, but this bank held a 2nd TD (HELOC) loan on a Los Angeles property. Yes, the owner was late on payments 4-5 months due to the nationwide economic downturn. BUT, he started making up those late payments during modification talks. All to no avail.
Union suddenly returned the payments, foreclosed, then purportedly sold the real property at auction. Later, he discovered they had been posting an auction sale during the time of the modification talks.
As if that's not bad enough, they never noticed him of the foreclosure OR the pending auction sale. WATCH OUT for Union. They don't play by the foreclosure laws AT ALL.
This report was posted on Ripoff Report on 08/12/2013 08:42 PM and is a permanent record located here: http://www.ripoffreport.com/reports/union-bank-of-california/california/union-bank-of-california-doesnt-follow-the-rules-los-angeles-california-1075278. 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.
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