HOMEQ SERVICING - HomEq's extra fees will send you to foreclosure

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Home » Consumer Reviews » Latest Articles » HomEq's extra fees will send you to foreclosure

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HomEq's extra fees will send you to foreclosure

Feb 13, 2008

HOMEQ SERVICING complaint by Jks567

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HomEq Servicing charges extremely high charges for late fees, fees charged if you break an agreement (>$200.00 each time), as well as several thousand dollars for "legal fees" if they pursue foreclosure. They routinely use lawyers within their own company and still charge these extremely high fees.

If you have a large amount of equity in your home and have poor or fair credit which they know will render it difficult to refinance your home then they will go after your home even faster so they can foreclose and keep the equity you have buildt up. They even charged more than $2000 for legal fees to start foreclosure proceedings when we were less than 60 days late on a payment.

What HomEq is doing to so many of it's mortgage holder's should be and probably is criminal. Consider carefully before you sign a contract with this company. If this company buys your mortgage contract like they did ours, we suggest you immediately start looking to refinance or sell your home to buy another home through a company that will state in writing that they will not sell your contract to them. Good luck.

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Comments (1)

1. Written by kim rivaldo, on 10-07-2008 12:22

this article about home eq is soooo true they did and have been doing the same thing to us we are besides ourselves to learn they are tapping more fees to us and saying we are behind in payments. No one ever remembers talking to us .a year ago it coted us over 10000.00 to keep our home which we had to borrow from a family menber. and now were fighting with them again. where can we get help and how do we stop them

thank you

Kim Rivaldo

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