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Report: #731406

Complaint Review: Nationstar Mortgage - Internet Internet

  • Submitted:
  • Updated:
  • Reported By: Janet — Pelham New Hampshire United States of America
  • Author Not Confirmed What's this?
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  • Nationstar Mortgage 350 Highland Drive Internet United States of America

Nationstar Mortgage Denial of HAMP mortgage, offered other alternatives, then told they are not available to me ,Internet

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I have been trying to restructure my mortgage with Nationstar Mtg since 2/11/11.  First they needed more information, I submitted it, even though it had already been submitted.  Then I was denied because they stated I didn't live at the property, I had to provide documentation that the town renumbered my street.  Then they had everything they needed and sent it to the underwriters.  After 92 days I received another denial because my current monthly housing expense is less than 31% of my gross income.  This calculation should have taken them 5 minutes when they received my paperwork in Feb.  They gave me the run-around for weeks to only deny me.  When I received my denial letter, I was given an alternative of the Payment Reduction Plan and when I inquired about it, they said they did not offer it.  Then why was it on my letter.  I was offered to refinance.  I was given the options of a 20, 25 or 30 yr mtg.  Was told I definitely qualified for each.  After careful consideration I went with the 20 yr and received an e-mail back stating I did not qualify.  This company has given me nothing but the run-around and I feel they use very shady practices.  Every time I speak to a person they have different information and are very misleading.  First I'm told I qualify, then I'm told I don't.  I am only trying to keep my home and they are not offering any solutions.

This report was posted on Ripoff Report on 05/20/2011 08:28 AM and is a permanent record located here: https://www.ripoffreport.com/reports/nationstar-mortgage/internet/nationstar-mortgage-denial-of-hamp-mortgage-offered-other-alternatives-then-told-they-a-731406. 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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