Comments on: Foreclosure Fraud – Texas Attorney General Abbott Charges American Home Mortgage Servicing Inc With Violating State Debt Collection Laws

By: Philicia

Philicia — Thu, 04 Sep 2014 18:58:36 +0000

In reply to Evonne. I have my home loan with BAC home Loans/Bank of America/Countrywide,my story is exactly the same as yours. we must stick together and keep fighting these Crooks...

By: Anonymous

Anonymous — Mon, 10 Oct 2011 21:55:51 +0000

Let me preface this story by saying I have always sent my mortgage payments through USPS as certified mail with a return receipt. This saved me from several instances when this company tired to scam me. I suggest anyone else do the same. That postcard you get back is worth it’s weight in gold.

I had my mortgage through the original American Home Mortgage Inc. That company was created as a Real Estate Investment Trust. Meaning it was created to reduce or eliminate corporate tax for it’s investors. You can read up about REIT on Wikipedia if you like.

The company filed for Chapter 11 bankruptcy protection in Wilmington Delaware federal court, on August 6, 2007. The week before the filing, the company said that many of its lenders had demanded their money back, and that AHM was also unable to deliver on about US$ 800 million in commitments for housing loans, and had laid off nearly ninety percent of its 7,000 employees

It was then sold to a company that called itself “American Home Mortgage Servicing”.

I was never behind on my house payments. But I had a clause in my original contract allowing me a 15 day grace period from the 1st of the month to pay. Sometimes I took a little longer to get my payment in. But it was never a problem with the original company.

Not true with AMH Servicing. While technically we never were late to them, I got a call the first time I mailed my payment on the 5th of the month. A call from India, of course. Threatening me and saying the payment was late. I faxed them a copy of the certified mail receipt that proved when it was sent and received. They backed off. But the next month I received a call on the 1st of the month again. From the same man in India. I guess he was assigned to my case to verify each month that I had sent my payment. Harassment!

This time I told him I had a fifteen day grace period. He said that technically I was late if they did not get the payment by the 1st and that the original contract no longer mattered.

I grilled him more, asking details – though I was furious. I tricked him into telling me things because as I asked he began to get arrogant. He said that the new American Home Mortgage was not even related to the old company. And that they had deliberately picked a similar name to confuse customers. How stupid and arrogant he was to tell me this. But I was glad he was showing his hand.

Then he told me that technically they were not a mortgage company. The were a debt collection agency. That is why the name has “Servicing” after it now. So I researched that company. There used to be an article on Wikipedia about it but it is gone now.

Here is an article that explains the situation.
http://livinglies.wordpress.com/2010/10/29/american-home-mortgage-faces-servicing-lawsuits/

I sold my home because I did not want to deal with the mortgage industry anymore. I sold it and did not take a loss, fortunately. But that was just as the economy was going belly up. And I am glad I got out.

So, please be assured that you are dealing with a debt collection agency and that is why they do not act like a mortgage company. At least to the best of my knowledge that is what they really are. They sure act like it, so I have no reason to doubt what was told to me.

By: r pate

r pate — Thu, 16 Jun 2011 17:30:12 +0000

a foreign owned company should not be allowed to enter into home mortgages. they sound like national city bank. call every day even when you are not and have not been late with a payment

By: patrick ainsworth

patrick ainsworth — Thu, 26 May 2011 01:55:22 +0000

I am over 65 and disabled. I was at a 7.25% interest rate. i paid my own taxes and insurance. AHMSI was sent a hardship letter. I told them I thought I qualified for a HAMP modification. I sent in all the paperwork. AHMSI said after many weeks that I didnt qualify for HAMP I did qualify for in house loan modification.AHMSI said that my new interest rate would be 5%,. That my new PI would be substancally lower. After eleven years of paying PI only, AHMSI now required PITI (escrow account,) plus a large balloon note. My payments havent been credited, and the payment AHMSI say I owe has nearly doubled. AHMSI calls me 3 to 5 times a week threating foreclosure.They refused to honor my over 65 and disabled tax deferment. These people have violated many laws and prey off the disabled and the old. I dont want to lose my home. The government needs to put the company out of business and jail the management.

By: Kanye Franklin

Kanye Franklin — Wed, 18 May 2011 15:57:31 +0000

Its about time someone of a higher athority take legal action against this misleading company. I have been forced to be ripped off from this company for close to 10 yrs now with a intrest rate of 10.75%! I have been in the same home for 10 years and I still owe more on my mortgave than my original loan amount. They They have made several promises since Hurricane Ike detroyed my home, but never did good by them. I am still struggling to rebuild sinse that time. FEMA was no helpat all, they denied all my claims stating they couldnt find enough damages. AHMSI/Sterling Insr., finally paid out about $30.000 on over $50,000 damages caused by Ike. During that time AHMSI Charged several late fees when they were holding on to the checks from Sterling Insr., to start on repairs to my home. By choosing to start on repairing with the money I would normally pay them monthly for mortgage in order to provide a suitable roof of living for my family. They continued to report late payments & add late fees when they were capitalizing interst on the money they were holding of mine. This put me in a situation where I regret trying to save this home, because now my credit score has been damaged by them and It looks as if I would never be able to lower this high 10.75% rat, which is rediculious high!

By: Mary Lou Sanchez

Mary Lou Sanchez — Tue, 22 Mar 2011 04:13:11 +0000

After losing my job to the budget I found myself overwhelm with morgage, utilities and to make things even harder was about eight months my daughter and grandaughter moved back home because they where victims of a home invasion and her fiance was killed. I finally contacted American Home Morgage and ask for some help. They said I could apply for Obamas Making homes affordable program so they sent me paper work to complete and return with addition documantation from me. THIS IS WHEN MY NIGHTMARE BEGINS
I return everything they requested in July 2010. After a month I contacted them they said I was short a tax document they said they had ask form, let them know they hadn’t ask for it but I would fax it right away and did the next day. I couple of week later I recieved a call from American Morgage requesting same tax document. I told the I had already send it and I would send again and did but it took a two days to fax it to them. I had alot of thinks going on with my life alot of drama since my last contact with Morgage Co. (Sept.2010) In Nov. 2010 someone comes to my home and tells me my home was being put up for Auction. I could believe it and contacted American Home Morgage Co and spoke to a Veronica who said she had to talk to her supervisor but thought I could start the process again. she put me on hold and when she return she said per her supervisor approved and that I was to resend documents and that I was to send $100.00 by 6th of month for
3 months so Dec 6 I sent first $100. and shortly after fax document. At the end of Dec I contacted morgage again to let them know I was about to send 2nd $100. and the person said ok but I hadn’t sent an application with documents I had fax So he was sending me one to complete and fax it back with the previous documents so I did he also said that my home auction was on hold until April 2011. First part of Jan 2011 I recieved a letter my money was being return. So I call and they said they never request that low amount of money. I asured him sending money was there idea I ask him if that was the reason I hadn’t recieve application for Making Homes Affordable he said no that they would still accept it and would send me another also check to make sure no action was going to take place until April 2011. I finally recieved application and 3 Days later a person comes to tell my home was being sold at auction. This time when I call they tell me there records show the last time they talk to me was Aug 2010 nothing else I tell I have proof I’ve been corresponding to them and said it was to late I was told a week ago first part of march I had to be out by end of the month. I told the where was I to go I’m a 56 year old women about to be homeless.

By: Evonne

Evonne — Sat, 13 Nov 2010 23:57:48 +0000

In reply to Adrianne George.

I got goose bumps reading your blog. It is the exact same story, different dates for me and my family. My husband and I can only shake our heads at the fact they are able to get away with this. There has to be an attorney somewhere that can help with all of this. Please let me know if you find out anything and I will do the same, we are in this together
Evonne
WA state

By: Michelle

Michelle — Tue, 02 Nov 2010 23:39:40 +0000

In reply to Les. They have done much the same to us, only we got the mod and it raised our payments.They back dated the contracts and when i asked them about the date Robyn Dobbs assured me that the date would have no effect on us. Now the company says we are delinquent to the back date and Miss Dobbs will not speak to us. So we are back at square one only worse.

By: Les

Les — Fri, 22 Oct 2010 20:24:35 +0000

In reply to Julia. Do you think the business will be closed after the hearing? My mortgage is with this company also and I am unemployed, but my payments are still current. I just want be with a real "mortgage" company. Finances are tight, but I'm doing what I can.

By: Julia

Julia — Tue, 19 Oct 2010 06:08:22 +0000

Adrianne, do not accept this modification the per legal advice. Counter offer back before you make a payment on this mod. Tell them u have reconsidered and the terms are unacceptable u cannot afford to pay for a home loan over the value of the home ! the same happened to me keep fighting !!!