Fraudclosure: “There was plenty of money in that unapplied (account) to make a full payment”

Fraudclosure: “There was plenty of money in that unapplied (account) to make a full payment”

“If I lose my house I can’t work and my kids will lose their school and they’ll lose their home,” Raborn said.

Raborn said she and her husband spent twelve months correcting an issue with their home’s escrow. She said since they met their obligation, the lender has put some of her recent house payments in an unapplied account, where partial payments are held until they can be applied later. Raborn said she is being unnecessarily charged late fees.

“There was plenty of money in that unapplied (account) to make a full payment,” Raborn said. “This has snowballed to the point to where we’re behind on everything.”

Raborn said she is spending so much time dealing with the lender, she has had to limit her homeschool teaching. She also said her family now relies on a food bank.

“Our kids were doing great, but because of all of the stress in the house, it’s put stress on them,” Raborn said.

Freedom Mortgage said it graciously accommodated its customer and responded with a viable solution when the Raborns made additional requests.

However, Raborn rejected the terms, including, she said, a provision that would have required her to keep the matter private.

“I’m willing to be open to anything that they bring before me but I will not sign away my rights to speak and to associate in order to get a resolution,” Raborn said.

More here…


2 Responses to “Fraudclosure: “There was plenty of money in that unapplied (account) to make a full payment””
  1. Greg Bryant says:

    Same thing happening to us right now. How to we put a stop to it?

  2. Tom says:

    Freedom Mortgage tried similar actions with my account. After I moved in my home, within months they decided to try to raise my payments over $300 per month. They said there wasn’t enough funds in Escrow. After further investigation, I discovered that they would have held over $4,000 extra at the end of the year above what I was required to have in Escrow. They started charging late fees because I was still paying my original payment and I wasn’t about to be scammed by another bank. I stopped their auto-pay immediately. They abused it, they lost it. I reported it to OBRE (Office of Banks and Real Estate), FTC, and States Attorney Office. I ran into this many years ago with another mortgage company and they got shutdown. It was found that they were co-mingling funds and using the extra funds in those extra accounts for their own investment purposes, which is against the law. It took about 6 months to get corrected, but I did get all the late fees removed and the Escrow set within the legal limits to cover the taxes and insurance.
    Hope this helps.

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