Homecomings Financial/GMAC-RFC ripoff Dallas Texas

Anyone with a problem with Homecomings needs to write to
Jayme Brown
Division of Financial Institutions
Office of Consumer Affairs
77 South High St
21st Floor
Columbus, Ohio 43215
They are currently investigating them and need all the information they can get.

DON'T GIVE UP. WE CAN WIN AGAINST THEY PREDATOR'S!!!!!!!!!!!

Hello,we are battling a huge battle with homecomings right now...and wondering if u recieved any satifaction from the headquarters of Homecomings??? We have written many attorneys,and wondering if i should send a copy to the headquarters of homecomings to inform them of the wrongful doing in the DFW office???
We are about to completely lose our home due to one person at homecomings that did not do their job and admitted it..but just apolgized and said sorry,i cant do anything about it now!! UNEXCEPTABLE! We are fighting this to the very very bitter end...it will be a cold day in hell before we left homecomings win this battle!

i dont want to discourage anyone out there from doing what julie has said(WRITING TO THESE GROUPS)
but i have been dealing with gmac and these gov offices for almost two yrs now i can tell you this they do not give a rats a*s about this problem
its going to take all of us and this web site to bring this company down so keep telling your friends and familys about gmac and how they are
dont buy their cars, trucks or do any financing with them

UPDATE ON PERSONAL STORY WITH HOMECOMINGS

Upon doing some investigation it has been discovered that Homecomings Financial purchased the home that they foreclosed on for a purchase price of 115,000.00. The same property appraised at 160,000.00 in 2003. There was a lady at the Sheriff's Sale bidding on the home but was told by the Homecomings Representative that they would out bid her and to give up.

DON'T FORGET TO GO TO CONSUMER COMPLAINTS WEB SITE AND FILE COMPLAINT THERE.

In addition to writing to your state agencies and representatives also write to federal agencies. I have written to the following federal agencies as well as my state.

Deborah Platt Majoras, Chairman
Federal Trade Commission
600 Pennsylvania Ave. NW
Washington, D.C. 20580

John M. Reich, Director
Office of Thrift Supervision
1700 G. Street NW
Washington, D.C. 20552

Alphonso Jackson, Secretary
US Dept. of Housing and Urban Development
451 Seventh Street SW
Washington, D.C. 20410
(He is a member of President Bush's Cabinet)

This is a copy of the letter that I wrote:

Dear,

This letter is a desperate plea for immediate assistance in a matter that has affected not only my family but also thousands of families across the country. Currently, my husband and I have a mortgage serviced by Homecomings Financial. We have had numerous problems with them concerning the improper application of payments, exuberant fees, and missing payments. We have written letters requesting an itemized accounting of our loan to include all transactions. To date, Homecomings has denied receipt of any such letters. The last letter sent, dated September 15, 2005, was certified return receipt requested.

We are aware that others have had similar difficulties with Homecomings. In January of 2005, Homecomings settled a lawsuit initiated by the Attorney General of West Virginia. These complaints detailed the charging of illegal fees which caused some homeowners to lose their houses in foreclosure. On October 10, 2004, Gregg Hammond of Orleans, Michigan received a judgment, file number 03-M-22667-CH, in the Circuit Court of Ionia County which ordered the immediate cessation of foreclosure proceedings, and the correction of credit reports, along with an order for Homecomings to supply Mr. Hammond with a full accounting of his loan.

In addition to these court cases, Kurt Eggert from the Chapman University School of Law wrote the article, Limiting Abuse and Opportunism by Mortgage Servicers, which was published in 2004 by Fannie Mae Foundation in the House Policy Debate, Volume 15, Issue 3. In this report, Eggert cites instances where servicers misapplied payments, charged excessive, false, or unwarranted fees, and submitted inaccurate payoff amounts.

We are in a similar situation. To date, Homecomings has charged us with $12,000 in corporate advances which we have yet to receive an explanation as to the nature of those advances. In addition, there are a multitude of fees added to the loan of which there is no explanation. Also, there are many payments that are missing. We have been unable to get any explanation or resolution to these issues. Recently, Homecomings started foreclosure proceedings against us. We have filed a Chapter 13 to stop the foreclosure but since Homecomings has been successful in getting Relief of Stays in the past, we fear that this is only a temporary solution.

We are requesting your assistance in dealing with Homecomings Financial with the following:
1. Obtaining a full and complete accounting of our loan so we can address the issues of missing payments and charged fees.
2. Elimination of those fees that are unwarranted or are in direct violation of Washington State and Federal statutes.
3. Obtaining an agreement with Homecomings for a payment plan to bring current the loan after the aforementioned items are addressed or an agreement that a Relief of Stay will not be pursued allowing us to continue with our Chapter 13 plan until the loan is once again current.

We understand that you are very concerned about the welfare of the American citizen and will do all that you can to help. As this is an ongoing issue with Homecomings Financial, we hope that an investigation into the accounting practices of this company will be initiated to prevent any other homeowner from experiencing this nightmare.

Respectfully,


I hope this helps. If we all write, we will be heard!!!