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Report: #1356509

Complaint Review: Nationstar Mortgage - Nationwide

  • Submitted:
  • Updated:
  • Reported By: JLB — Dundalk Maryland USA
  • Author Not Confirmed What's this?
  • Why?
  • Nationstar Mortgage Nationwide USA

Nationstar Mortgage Interest Rate changed from 6.5% to 11.12% due to an unfortunate situation Dallas Texas

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In order to save my house due to a layoff, Nationstar had me sign a loan modification.  This modification took my interest rate from 6.5% to 11.12% (obsurd), but was trying to save my home.  They informed me that after two years of consistent on-time payments, we could revisit this and get the interest rate back down.  Each time they sent someone to do the appraisal (at $400 each time), the value kept decreasing even though I was constantly sinking money into the home.  I am still at the same rate after 8 years of this.  It appears that I will never get this house paid off.  It is ludacris to think that this is even legal.  They are the worst that I have ever dealt with, and half tempted to let the house go, so that way I never would have to deal with them again.

This report was posted on Ripoff Report on 02/16/2017 12:22 PM and is a permanent record located here: 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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