Selene Finance Mortgage Complaint

Selene Finance Mortgage department,

Conventional adjustable mortgage (ARM) Loan modification,collection,foreclosure California

Loan originally with - - - - who transferred the loan [ without the proper notification ] to Selene Finance during the middle of a Loan Modification Request. Selene came back with unreasonable Loan Modification terms : extending out the term of the loan ; increasing the interest rate from 2.875 % to 5.375 % ; having the Note balloon in 17 years [ which would have been the orignal date the mortgage would have being paid-off, and the Balloon payment is for over $180000.00 at that time! ]. None of this was disclosed to us until we received the Loan Modification paperwork, and Selene Finance 's pressure to immediately sign the Loan Modification documents. In our opinion, - through Selene Finance are attempting to defraud us under the guise of a Loan Modification.