EMC Mortgage Corporation ripoff, won't post payments, buy loan then don't inform us Irving Texas

Millie,

I too, was a victim of EMC Mortgage (Please see my posting from June 2006, Baltimore, MD). I did research such as yourself & I found that they had hooked many people. I also made phone calls to them & I was reassured that I was WRONG by some, MAYBE right hy a few and I actually had one person that agreed with me. Did this get my money back --- NO!!!

What we need is as many as possible to file a class action suit, if for anything, aggravation. If it is postable here, please give some info as to who to call. The more that file, the more chance we have of closing them down!!! I have already re-fi'ed, but I would like to get some of what I lost back.


Michael
Baltimore, Maryland

Millie,

This is a common con game. They want your house.
I have seen this all too often in my past in the MTG business.

Federal Law requires any lender who sells your loan to notify you at least 30 days prior to your next due date. Any change of payee requires at least 30 days written notice.

Here's what you do. Send a cerified letter, return reciept requested, to your original lender requesting written verification of the effective date of sale and to whom. Be sure to put the certified# on the letter itself, and keep a copy for your records.

Then send a letter to the 2nd MTG CO and request from them the effective date they took possession of the loan, and also the effecive date of sale to EMC.

Then send another letter to EMC requesting verification of the effective date they took possession of your loan.

Stay off the phone! DO NOT speak with ANYONE on the phone for ANY reason. Phone calls do not protect your rights. Do everything in writing and send by the means above.

FYI...You are not obligated to send anyone a payment without the 30 day prior notification of change of Payee. You keep paying the old co until you get it.

This is how they get you. Beware!!

Haven't lost it yet Jeffrey, but my advice is to stay on top of things, keep good records. I keep a copy of everything in my safe deposit box and a copy goes to two different law firms. I send all payments Certified, Return Receipt Requested and copies of that go to each law firm. I understand that otherwise payments are left in a lock box and not picked up for 14 or so days (a former employee told me this).

I also filed information with a Law Firm that I understand has, or is perhaps filing a Class Action Lawsuit. They were very helpful to direct me to the right agencies and the things I should do to get control of my loan. You may be interested to know that ONE OF THE GOVERNMENT AGENCIES that I was referred to and contacted on several occasions NEVER returned one phone call, NOT EVEN ONE, and I made more than one call, even told them it was urgent....now that raised a red flag! Why is the government not helping the consumer? Are they looking out for EMC? Sorry you had to go thru all you've been thru, but if I can be of help, please don't hesitate to contact me. Millie

Sorry to say millie you are in game of crooks. I had problems. Last year tried to reifinance, fell for a predatory lender on other line. He said sure doesnt sound like a problem. I will call you back tommorow let you know if you qualify for a refinance. The guy said I need to put you on a conference call with my partner. He said can you explain where your mortgage payments have been going? I was like what do you mean? He then said well the credit bureau says you havent made any payments for 10months. How bout we buy your house laughing and rent it back to you! sorry no refi. I was shocked. Constant torment and terror yep they are emc. File complaints and get legal help or sell. Please let me know what outcome is. Emc wants you to feel like a hopeless victim. It's really sad. Don't sign forebearance,