ABN Amro and America’s Servicing Company
How many descent and hardworking people had lost their property because of the mistakes of their mortgage companies? How many of them were harassed and threatened? There are a lot of different kinds of complaints against mortgage companies and brokers, and there is no end to it. But the most numerous are complaints against ABN Amro and America’s Servicing Company. These are the most common complaints against mortgage institutions:
They post payments late.
The reason of it is clear: they are trying to win some time to get out of you some more money. Sometimes it even looks like they are going to take the last shirt of you, till your mortgage loan is paid back. Especially it happens with America’s Servicing Company. Usually your mortgage loan is sold to this institution when you really have some hardships in your life and your credit record looks bad. And then your life is getting worse only.
They charge late fees.
After they have postponed the post of your payment, they charge your accounts additional late fees. And this is for their own oversights! Sometimes they can even state that you are not only late, but that you have missed a payment.
They make your payments go up without warning.
For example, ABN Amro can assert that they have a third party managing your taxes which provides records of your taxes. Out of the blue they make your mortgage payment go up stating that it was made on the basis of those reports on your taxes which have risen. And then the usual run around starts. You deny the reports and they ask you to send them some proof that you are right. Then they say they never received any papers. Then they charge you late fees and report you are late to the credit bureau.