Complaint Review: Aurora Loan Services - SCOTTSBLUFF Nebraska
- Aurora Loan Services 601 5TH AVENUE SCOTTSBLUFF, Nebraska U.S.A.
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- Category: Mortgage Companies
Aurora Loan Services Stole Our Home Also--Company Collects Foreclosures SCOTTSBLUFF Nebraska
*Consumer Suggestion: Aurora Loan Services/Lehman Brothers Holdings,Inc
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Aurora also stole our house. Not only that, they shafted the first mortgage holder by paying the arrearage in order to get them to cancel their sheriff's sale, but neglected to tell them who and why this payment was made. The first lender assumed we were going to keep the property and kept sending us monthly bills in violation of our bankruptcy discharge. Aurora was bound and determined to hold the sheriff's sale themselves, even though they were in the #2 position.
Apparently, our realtor was trying to do a short sale and brought sale figures that made Aurora see dollar signs. Although there was no problem with a short sale with lender #1, Aurora kept giving all kinds of excuses why it would take a long time to get a payoff figure. First, they would only give it to me, and then if I had to fax them for it. Then the realtor was told he could have it but it would take at least two weeks. This went on until finally the two buyers cancelled, which was what Aurora wanted to happen. Even the realtor says they sabotaged the sales and that he never had this kind of trouble with any lender.
Well, the joke was on them, because nobody bid at their sheriff's sale, let alone someone with the huge amount they figured they would get. In addition, I informed lender #1 what happened because they started to harass us for payment. Upon learning what happened, they became very angry that Aurora had not informed them as to what really happened. I hope they sue their pants off.
Aurora was bound and determined to get the property and wasn't going to let anyone stand in their way. This company plays dumb, hangs up on customers and even, it seems, is not above cheating other lenders. I would be more then happy to get some kind of legal action going against them. It is apparent from the other stories on this board that they have decided to copy the very methods Household Finance got chastized for in the recent "settlement" by the Attorneys General of almost every state in the union.
Why are companies allowed to get away with this?
Sharon
Vineland, New Jersey
U.S.A.
This report was posted on Ripoff Report on 05/21/2004 02:20 PM and is a permanent record located here: https://www.ripoffreport.com/reports/aurora-loan-services/scottsbluff-nebraska/aurora-loan-services-stole-our-home-also-company-collects-foreclosures-scottsbluff-nebras-92456. 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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#1 Consumer Suggestion
Aurora Loan Services/Lehman Brothers Holdings,Inc
AUTHOR: Luanne - (U.S.A.)
SUBMITTED: Saturday, September 11, 2004
"For example, Lehman Brothers Bank was conduit for $746 million securitization deal which turned loans originated by Household Finance (a leading predatory lender) into asset-backed bonds that Lehman sold to investors." Lehman Brothers is the parent company of Aurora Loan services. This information was taken from "Not with our money....."
We aren't the first victims, and unfortunately we won't be the last. Whatever we can do now probably won't help us, but if it can keep future families in their homes, then this was worth the headaches.
Try sitting in foreclosure court once. Some food for thought - Yesterday a mom with a toddler was there without a lawyer. Couldn't afford one. She did lose her home to a sheriff sale. Why does our government provide criminals with an attorney, paid for by our tax dollars and it does nothing to help families to keep their homes?
Is there something wrong with this picture? When did we stop caring about people and start caring more about the all mighty dollar?


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