First Savings Mortgage Corporation Complaint - Bad First Savings Mortgage Corp
MCLEAN, VIRGINIA -- On April 24, 2007 a fire destroyed my house at 43657 Pierpoint Terrace, Leesburrg, VA.. The attached property owned by First Savings Mortgage Corp. also burned. The damage to both units was extensive. For the next 4 months I begged, pleaded and conjoled the bank to begin restoration. The bank carried no property insurance for this location. The Lansdowne home owners association by laws & covenants require that restoration begins within 90 days. While I began demolition and restoration within 90 days, the bank did not begin until Nov. 2nd....192 days later. This delay caused further damage due to the extended time of exposure to the elements and my home had to be completely demolished. Also, due to their delay, I had to install their portion of the common fire wall so I could proceed with renovations. This cost my an additional $8,700.00 that was paid by me on Dec. 26th. Thus far, as required by the by-laws, First Savings Mortgage has refused to reimburse me. This is not a reputable bank. I m suing them for the initial amount of the replacement wall + 5.5% interest and attorney fees. We will go to court in late June and July and we will prevail.
However, with their behavior in mind, I would surely and seriously rethink doing any business with them. They are not a good corporation. We now hope to be in our house by the end of May, no thanks to them. The rebuild process should have taken 8 months, not 13!