Freedom Mortgage/Loancare Complaint - Loancare With Freedom Mortgage Is Unethical
COLORADO -- As a small business owner contributing to our local economy, with financial troubles started up around the election. No business, no income, and ran my company by myself until things improved. We laid off staff, gave up our medical insurance to pay on our 2 month late loan and was told they would not take our money. (unless we would wire $4,600 to them by 5pm. I'm in Colorado and it's almost 2pm which gave me 10 min. to wire almost $5000) Loancare stated since we could not wire the money that day, our home would be up for foreclosure the next day and our file would be an the attorney's office.
We had to borrow money from family to gather that kind of money and now they tell us we have to wait for the attorney fees to be calculated and the attorney's office didn't even have our file yet! What kind of mortgage company refuses money? Their intentions are clear....they want our home. Our government lied, Obama lied, the mortgage companies are lying when they say they want to keep people in their homes, they don't, they want our homes. The banks got trillions of bail out money but are still focused on taking families homes, they will wait until the market picks up and sell it for a lot more than was owed on it.
The American people are not stupid, the banks will be sitting on piles of money and assets and be very rich. Not to mention last week, when a strange man came knocking on our door at 8pm. I was alone with my children as he explained he was from the mortgage company and tells me they are going to take my home. What type of mortgage company sends a person to knock at your door late at night? A company who thrives off of unethical collection practices and doesn't work with their home owners.
Loancare is a shady group and harass you every chance they get, phone, letter, knocks on the door, but here's the kicker.....they refuse to accept partial payment, they don't work with the families and they should be shut down! DO NOT DO BUSINESS WITH FREEDOM MORTGAGE OR LOANCARE!!!!