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Home  »  Consumer Reviews  »  FINANCE  »  Insurance premium of $1700 added by Homeq reflects as late payments causing foreclosure.
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Insurance premium of $1700 added by Homeq reflects as late payments causing foreclosure.
Apr 21, 2008
HOMEQ SERVICING complaint
I'm a single mother with a 4 year old daughter trying to keep up with my mortgage, auto, car insurance, utilities and food. I could'nt afford at the time home owners insurance. Homeq decided to force their insurance of $1700.00 to my mortgage. Which is ok, but they added my 1 late payment along with the $1700.00 all together in December of 2007. Suggesting I was late 4 payments causing them to foreclose on my property. Now I have to come up with 1763.00 plus 675.00 payment and foreclosure legal fees(attorney fees) of $1700.00. All together I need to pay them $4,138.00 by April 24th. 2008. And it has to be received no later than today, April 21st. 2008. You hear on the news to talk to your lender so they can help you if your having trouble with your payments. But adding this their insurance and foreclosing on homeowners is unethical and cynical. I've heard that reps and/or lender managers get bonuses if they meet their quota of foreclosures for the month. I guess i'll be calling the Texas Savings and Loan in Austin, TX and file a complaint on them.

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Quote this article on your site | Views: 206

  Comments (1)
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1. Written by arthur day, on 22-05-2008 15:40

same thing happened to me also. Except they had added the insurance charges three times and late charges on top of that.

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