On the 22nd of September 2011, my home sold. Saxon Mortgage has been a pain in my side since Saxon became the servicer. I am glad to get rid of Saxon, purging this worthless company from my life. I never missed a payment, was always on time, and never did anything wrong. Saxon was evil right up to the last day. Saxon still caused problems three hours before closing, and in the days thereafter.
It’s not just me. The closing attorney said Saxon Mortgage is the second-worst company in the nation, causing problems for closing attorneys, title companies, and real estate attorneys nation wide.
A West Virginia woman is suing Saxon Mortgage after she claims the company illegally returned her payments and charged her illegal fees.
On Aug. 1, 2006, Lois M. Krause and the defendant entered into a loan secured by her home in the amount of $112,000, according to a complaint filed Aug. 29 in Kanawha Circuit Court.
Krause claims she was diligent in making payments toward the loan, but Saxon Mortgage set about on a course of illegal fees and return of payments.
In the last two years, the defendant returned payments on at least four to six occasions and added numerous inspection fees, attorney fees and other default-related fees over the course of servicing Krause’s loan, according to the suit.
The Philadelphia-based law firm of Berger & Montague PC has filed a class action complaint on behalf of all Michigan homeowners whose mortgage loans have been serviced by Saxon Mortgage Services Inc., filed a class action suit against the company
And in Arizona:
The Arizona Supreme Court convened in Tucson Thursday to hear arguments in a case that could impact thousands of Arizona homeowners mired in the foreclosure process. Saxon Mortgage and Deutsche Bank are involved
In my case, with three hours to go before closing, Saxon had not faxed a payoff amount to my attorney. After the home was paid off via wire transfer from the attorney directly to Saxon, the miserable fools at Saxon wanted me to make a house payment.
Goodbye to Saxon Mortgage Services Inc. You will not be missed. Some other company will now buy Saxon Mortgage, according to news reports. Maybe the name will go away too. Parent company Morgan Stanley will probably never miss this red herring any more than I will.