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can i sue my mortgage company? they have miss applied my funds and now I have a bad credit rating?

beebo - 2007-04-15 01:42:57 - Credit

My mortgage was sold to this goofy outfit named homecomings financial recently and I never got anything in the mail other than a "hi, we bought your loan, send your payments to us" letter. Since then, this company has taken out forced placed insurance on my loan (without sending me letters) because they did not receive any insurance information when the loan was sold. So they tapped my escrow for almost $1200.00 for one of their bogus policies to cover my house. I have had my house insured since I bought it 3 years ago and up until recently, it has been sold on average every six months. This is the first time I have played this cat and mouse crap. I made my april payment and now they are rating my credit as one month past due because they applied my payment to the escrow for which they tapped for the fpi. I have provided my coverage to them from state farm going on 2 weeks ago. Can I sue for them rating my credit as 1 month past due? THEY FREAKIN OWE ME 4 THE FPI!!! IDIOTS

Best Answer:

Homecomings is a GMAC owned company and I wouldn't waste my time trying to sue them. Instead I'd contact the better business bureau and the credit bureaus. NO business wants a complaint shown on their bbb profile. Let them both know what's going on, and find out what would be the best way to handle it. Chances are after a few conference calls they'll have it removed. Hope this helps.

Answers:

I believe this should be handled by an attorney....could get involved...go contingent....the lawyer gets half and you get half....sue the crap out of them.....good luck

the first thing you should do is make a plan of what you want and what is real. contact a lawyer about the credit problem.the lawyer can advise you on what path to take.the lawyer can contact the company and they can remove the negative info from you file.do not play the cat an mouse game. your a winner.

Homecomings is a GMAC owned company and I wouldn't waste my time trying to sue them. Instead I'd contact the better business bureau and the credit bureaus. NO business wants a complaint shown on their bbb profile. Let them both know what's going on, and find out what would be the best way to handle it. Chances are after a few conference calls they'll have it removed. Hope this helps.

contact an attorney.

ok it sounds like they are not speaking to your demands, getting a private attorney involved would be silly at this point. You need to first call these people up again and talk to a manager explain your case, tell them you have all the evidance infront of you claiming you have homeowners insurance. Tell them if this is not resolved in 48 hrs you are going to contact someone with legal power. I bet the will shape up, you may need to fax them your insurance policies. If this dose not get taken care of in that time frame, send in all of your proof and credit report and a letter of timeline of events to your states attorney generals office. Tell the attorney generals office you faced hardship with this. this will be cleared up fast. good luck i had to run around providing insurance but it did not get that bad, sorry

Bad credit is one of the worst problems to have... however there exists a solution. I will hereby talk from my personal experience. I did debt consolidation a couple of years ago, however If I had to do it again I would pay to some minor details, if someone wants to get out of debt today it is pretty easy with a debt consolidation plan, however it may get a bit tricky at times, I suggest you get as much information as possible online on this first, a good place to start in my humble opinion is a straight to the point ebook with question and answer I found : http://umgarticles.atspace.com/debt-consolidation.htm if it helps kindly remember me in your voting!.. cheers!