CommentIf 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.
 Comments (5) |  |
| 1. Written by Curious, on 08-10-2009 23:18 Saying HomEq charges high late charges is oh so funny....... All charges are clearly laid out in the contract when you signed, if you were the type of person that was abit more aware of how contract operate you may be in a prime situation instead of the more likely situation that you are SUB PRIME! This message is not to be rude, more to explain. As frusterated as most people are it is no ones fault but yours that you are here. Did homEq make millions of incomes dry up in america? Did HomEq they singlehandedly take down the american markets? Are you someone that says..........WHEN I SIGN THINGS WERE DIFFERENT? Now think back, did HomEq really start your downfall? Ant and the grasshopper my friends, and wake up call. Its not the ants fault the grasshopper is starving! |
| 2. Written by former employee, on 19-06-2009 20:16 Dude, First of all Homeq doesn't actively collect on any fees or "corporate advances" like legal fees. The reason for this is that borrowers are only required to pay their principle and interest due each month in order to satisfy that months payment. You are not responsible for paying these fees until you are ready to payoff the mortgage. If you have paid any fees or corporate advances within the last three months you can actually call and have those funds applied toward the principle and interest payment that is due. The customer service rep will most likely advise you that you must fax it in writing, but they will satisfy you're request. That being said, I know the economy is bad, but you guys are just dead-beats that can't afford to pay your mortgages. Don't blame you're mortgage servicer for that. Homeq is not even a mortgage company anyway. They are a mortgage servicer. Which means that the mortgage company who let you borrow 2 to 3 hundred K is paying HomEq to service your loan because you are a high risk borrower and they would rather pay another company to deal with you. |
| 3. Written by GArmstrong, on 01-04-2009 00:32 Have to agree with the original poster about HomeQ being aggessive when there is a lot of equity on the property. I was 45 days late and received a notice of default. And to add insult to injury, they added over $10,000 in expenses after missing two payments and before 60 days! |
| 4. Written by Keri M, on 24-11-2008 14:51 This is soo true. I was within the 90 days past due and was charged almost 2k for legal services which was added to my payment plan. Now with 2 months left on this plan they are calling and saying that I'm past due and when I do get someone on the phone they never put notes in your file as they have talked to you. I feel this company preys on us unfortunate individuals who want our home but have less than perfect credit. I cannot get anyone to refi me out of this company so I'm stuck with them. |
| 5. 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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