I was lured into this adjustable rate loan on the premise that my lender would refinance it in 12 months to a fixed rate with a.mangeable payment and told that I should use some of the registration proceeds to meet the huge payments. My home which at the onset had a mortgage balance of 50k and a 489 payment became a 247k note with an adjustable rate and a 2500 payment. I rescued it from forclosure twice at about 10 each time from different lenders as it was sold down the river. Countrywide, then Chase, and finally forclosed upon by Ocwen.
Archive for the ‘New Century Financial Now Carrington Mortgage Services’ Category
Owen is serviced and cannot provide information on note holder. All county records show New Century still note holder. Owen cannot tell me where they have snt my payments to since New Century went bankrupt and out of business. It appears loan lost in MERS system.
Paperwork was closed for a house that I never completed any loan paperwork so I am unsure who completed or signed the loan
Right now we are not being pursued, but we don\’t trust them. Had to file for bankruptcy is stop foreclosure. In the meantime we went through a process that rescinded all attorney rights relating to the fraudulent loan after sending a QWR which was not responded to in a timely manner. Currently our home is in a trust.
I recently discovered that when cms modified my loan that it wasn\’t a 30yr fixed, but a 40yr with a balloon payment at 30yrs. I also never received any paperwork from cms when they took over the loan from new century.