Ripoff Report Needs Your Help!
Report: #113784

Complaint Review: Option One Mortgage Corporation - Irvine California

  • Submitted:
  • Updated:
  • Reported By: Middleton Idaho
  • Author Not Confirmed What's this?
  • Why?
  • Option One Mortgage Corporation 3 Ada Irvine, California U.S.A.

Option One Mortgage Corporation Crooked dealings, predatory lending and numerous violations of the Fair Credit Reporting Act Irvine California

Show customers why they should trust your business over your competitors...

Is this
Report about YOU
listed on other sites?
Those sites steal
Ripoff Report's
We can get those
removed for you!
Find out more here.
How to fix
Ripoff Report
If your business is
willing to make a
commitment to
customer satisfaction
Click here now..

I too have been "ripped off" by Option One Mortgage. We were not in a position to be placed with a substandard lender when we refinanced our home. However, our whole refi was a disaster from the start. We had the misfortune of dealing with Lorrie Tracy, acting as Broker for North American Mortgage to place us with Option One. They refused to accept our homeowners insurance and placed their own Safeco, vsi, on the property and increased our payments accordingly. Our insurance agent wrote seven letters and their response was, "we don't like the way the letters were worded." Now, due to Option One holding our payments, increasing the amounts to cover their insurance and additional fees and misinformation fed to us by them, we are in foreclosure and bankruptcy. We filed a chapter 13 to try to save our home and Option One violated the stay and sold our home out from under us. Now, even though they have to start the foreclosure proceedings all over again, we were forced to move due to the mental stress and anxiety caused by their illegal actions. I would urge anyone who has had similar problems to seek the help of a class action attorney. There are several listed; look under "Class Action Attorneys" in a search. Perhaps we can recoup some of our losses and put this "Predatory Lender" out of business.

Middleton, Idaho

This report was posted on Ripoff Report on 10/20/2004 04:49 AM 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

Search for additional reports

If you would like to see more Rip-off Reports on this company/individual, search here:

Report & Rebuttal
Respond to this report!
What's this?
Also a victim?
What's this?
Repair Your Reputation!
What's this?
Featured Reports

Advertisers above have met our
strict standards for business conduct.

What do hackers,
questionable attorneys and
fake court orders have in common?
...Dishonest Reputation Management Investigates Reputation Repair
Free speech rights compromised

Segment Now