8 months later Saxon Mortgage decides HAMP application

A Saxon Mortgage customer in Virginia said: “I’d applied for the HAMP modification with SAXON in June 2009 and approved. My mortgage payment was reduce to $1,100. Required papework was submitted three times and finally Saxon said they had all documents. I was told to call Saxon once a week to find status of the modification, and I did call sometimes 3 to 4 times a week I contacted them. I call so muich because I can’t getting different answer from Saxon call center. Later, I received a call from Amanda A, she told me to only contact her from here on out.

The next few months Amanda A tell me that the modification assigned to underwriting, then its waiting to be assigned to underwriter and now it’s approve, foward to processor. Well on Feb 26, 2010 I was told that I was not qualified for the HAMP modification, but to continue to make the set payments. They said that the lawyers are talking to the investor. When I first start out with the HAMP I was not 30, 60 , 90 days late etc , now I am over $1,000’s of dollars behind in payment.

I was reassured that I will not lose my home because I made every payment that was required under the HAMP. I do not want to lose my home because I follower all terms under Saxon Mortgage modification program.”

2 thoughts on “8 months later Saxon Mortgage decides HAMP application

  1. Hello,

    We are also victims of Saxon Mortgage!!! I received a phone call on my cell from Saxon on May 4, 2009. They stated President Obama has implemented a new program to save you on your payments, HAMP.

    They stated I will receive instructions on a new payment plan and rate reduction to begin June 2009. So I started this program and made the payments as requested June,July,August, and then Saxon request 30 day extension so September, then October.

    All documents return via fax, via fed express, and Saxon says never received, so we sen them again and again.

    I contacted Saxon to obtain status of my loan and they stated hang tight as they are busy and a little back logged.

    So we waited patiently, and waited, and waited, then we received a notice of approval for a loan modification Jan 2010. 30 days and we would be signing docs, which never came.

    Saxon once again says hangs tight, then finally we receive a letter on March 8,2010 denial of the HAMP program and on March 11,2010 sold our house via auction.

    So nowsomeone contacts us to state they own the house and we have 3 days to vacate!!! Now WTF?

  2. I am in the exact same situation and am getting ready to just say forget it and take this to court. I have been told 5 different stories reasons etc re my account this company is going to have fight on hand I got the foreclosure to stop and i am done playing these games and running around take them to court and contact your attorney generals office, congressman , local news any and evryone you can think of to show we are all fighting back

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