Webster Bank Mortgage Complaint

FHA mortgage Settlement process and costs

Webster Bank Mortgage department,

FHA mortgage Settlement process and costs Missouri

We have been pressured by Webster to go along with their requirements in our short sale although we were able to show hardship thru divorce and loss of income. Despite our attempts to work with them, they would not budge. They told us if we did n't make a decision in 24 hours they would take us to court. Although it would strain us, we agreed from fear. Once we agreed, we sent them a money order immediately and signed the agreement. It has now been a month and they have not fulfilled their obligation. Our short sale is in danger of falling thru and we would be forced into bankruptcy.

Webster Bank customer in Missouri
Jul 15, 2015

* Source: CFPB Complaint Database

Webster Bank response to complaint:
Closed with explanation

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