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Report: #348043

Complaint Review: Homecomings Financial GMAC Mortgage - California

  • Submitted:
  • Updated:
  • Reported By: Duxbury Massachusetts
  • Homecomings Financial GMAC Mortgage www.homecomings.com California U.S.A.

Homecomings Financial GMAC Mortgage Predatory Lending, unfair practices, fees and foreclosure pending... California

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Homecomings Financial practices deceptive lending, they gave us a loan and then changed the interest rate from 7% to 8.25 days before closing, if we had backed out we would have lost our deposit and the house. Now, it's three years later, the house burned, 60% of it is gone, and not only did they take the insurance money, they are foreclosing on it, after we have been in "negotiations" with them for 9 months, with no resolution. They will not re-write the loan, but rather keep adding on fees, 26k late fees, plus 11k "other fees" such as-lawn mowing?? 400- for that, even though I am a landscaper and mow the lawn myself..they are deceptive, deceitful and need to be sued!!! How do we get involved with the class action lawsuit?

Thank you!

Scott
Duxbury, Massachusetts
U.S.A.

This report was posted on Ripoff Report on 07/06/2008 06:19 PM and is a permanent record located here: https://www.ripoffreport.com/reports/homecomings-financial-gmac-mortgage/california/homecomings-financial-gmac-mortgage-predatory-lending-unfair-practices-fees-and-foreclos-348043. 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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