Randy in New York said: “Saxon Mortgage gave me a reduction on my mortgage through one of their bogus plans. my payment went from $1270.00 down to $841.00 the only catch was that i had to make 3 consecutive payments as a trial to make sure that i could and at the end this would be my new mortgage payment for life of the loan. Well, i paid june-december then got a bill for $ 7000.00.
Saxon Mortgage said i defaulted and put my payment back to $1270.00 well in an effort to save my home they said to pay the $7000.00 or they could restructure my loan. i chose to restructure because i dont have $7000.00 laying around so after all the hardship letters and bank statements that i had to send them now they tell me that i never qualified for that program and the people that offered me that solution shoud’nt have.
Now i owe $ 12000.00 and have to pay it in 30 days or they are going to foreclose. There is much more to this story but not enough time to write it. If anyone has info on a lawer that can help please let me know. they should not be allowed to get away with this!”