Reader mail: Americas Servicing Company balance not going down
Re: my mortgage is with American Servicing Company HELP ME PLEASE
I have a home and the loan is with American Servicing Company. I have had the loan since 2002 the loan amount we took out was 127,000.00 6 years later I owe 126,900.00
HELP ME PLEASEI cant do this I feel like they have been stealing from me for 6 years. My credit is not good enough to refinance and I feel like I am drowning.
Is there anything that can be done.
Please advise,
Best Regards ...
Whether anything can be done depends on WHY your principal balance hasn’t gone down.
Did you make your payments LATE?
Do you have negative amortization?
Although this isn’t a foreclosure, it all comes down to accounting as described in the links at dealing with foreclosure.
Learn about your rights under RESPA and order accounting and READ your loan docs.
I’m still waiting for the first person to email how grateful they are for the info and that they got their $1,000 check for statutory damages and/or a credit for fraudulent charges.
The information is there, PLEASE use it and even better, help others by publishing YOUR experiences and lawsuits.
I can’t volunteer my time to do the work for everybody and I don’t think it’s too much to ask that people either USE the information and many examples provided free of charge or that they PAY for PERSONAL services that will only benefit them.
Nobody knows more about how to raise FICO scores than me. CreditFactors has the world’s best resources for people who are willing and able to study credit and scores.
The time I DO volunteer is dedicated to trying to make a difference for ALL.
Of course I know that many of the people who get screwed by banks can’t pay for professional help. That’s the beauty of this system and why it works so well for the bankers. It sucks, but that’s just how it is.
If you can’t afford to pay for personal services or CreditFactors, ask the people who YOU helped over the years to loan you the money. They know that you’re a good person and that you’ll pay them back. And I’ll be glad to help free of charge at the subscriber forum.
I just said NO to a neighbor who asked me to volunteer my time and I didn’t like doing it, but my day has only 24 hours.
