Fraudclosure: Nationstar’s Mortgage Mistake Nearly Leads to Foreclosure

Mortgage mistake nearly leads to foreclosure

A mortgage mistake nearly cost a St. Charles County woman her condo.

Kathleen Rasmussen claims she paid Texas based Nationstar each month.

“I don’t want to lose the roof over my head, I should not be in foreclosure.”

Rasmussen provided News 4 with letters from Nationstar along with returned checks intended to pay her mortgage.

“I don’t understand why they keep sending it back to me.”

A Kansas City law firm representing Nationstar sent Rasmussen a letter saying their office would “commence foreclosure proceedings.”

More here…


2 Responses to “Fraudclosure: Nationstar’s Mortgage Mistake Nearly Leads to Foreclosure”
  1. Bobbi Swann says:

    I agree with Bruce. My mortgage was sold to Nationstar and ever since then I’ve had nothing but problems especially with posting my payments. I had made extra principal reduction payments that they posted to my ‘escrow’ which in turn was sent back to me during the escrow analysis. After writing more and more letters I threatened to go public and they finally got it right. Another time they paid my insurance premium (which was not in escrow) while I also paid it as well. They jacked up my payment to cover what they paid out and it took me over 4 months to clear that situation up. This company should be shut down for it’s servicing practices. I never had one single problem with Everbank, who had my mortgage from the beginning…..

  2. This was not an honest mistake. Mortgage companies and loan servicers do this all the time, until the frustrated homeowner stops sending in their payments “until this is corrected”. The matter is never corrected, and the bank/mortgage company/ loan servicer piles on numerous fees and charges. Once a foreclosure complaint is filed the trial court immediately assumes that the bank could do no wrong and the house is eventually lost.

    The only way this came to a correct result was that the homeowner continued to make payments and the publicity

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