A Rhode Island homeowner said: “I wish I had realized sooner that this site existed and that I was not the only one who is suffering at the hands of Saxon. Like many of you, my mortgage was bought up by Saxon a couple of years ago.
I was about to refinance my home after the first year of ownership to get a fixed rate loan but then my mortgage company went out of business taking with it their written agreement to refinance at no charge after the first year. Saxon came along and has been slowly ruining my life ever since.
I have been in the first stages of a remodification since october or 08, a hundred phone calls, dozens of financial packets faxed and emailed all for what? I’m not sure. I haven’t gotten anywhere.
I recently applied for the HAMP remod and after being initially denied because i wasn’t 2 -3 months behind. I was then approved because I was able to show proof of hardship. I was later denied because the investor recommendation was to liquefy my home.
I since requested my investor company’s name but have not heard word back, (of course). I’m at my wit’s end…..I don’t know where to turn but I am determined to join anyone who is putting up a fight to this wretched creature that is Saxon.
I’m not sure I understand the logic of a company to force someone out of their home when that person has been paying on time, improving the value of said property by doing renovations. They want me to sell???
It wont sell, not in this market, and if it did, how much of a loss would it be? Why should i sell my home just for their benefit. I would rather walk away but then that must benefit them in some way or else they wouldn’t be forcing people to do that.
They will continue to make a nice profit off of me if they just remodified my loan to a more affordable rate, why would they not do this? Someone please explain? Something has to be done! This is criminal on so many levels.”