Selene Finance Mortgage Complaint

Conventional fixed mortgage Settlement process and costs

Selene Finance Mortgage department,

Conventional fixed mortgage Settlement process and costs Colorado

I am selling my home to the current occupant of the house.The buyer has been going through the process of securing a loan through the V.A. -/-/-, I was put on long-term - due to -. I needed to move to - to be near my family, and moved in -/-/-. I tried repeatedly to contact - to discuss my account. - intentionally avoided communicating with me. In -/-/-, - had put my house up for auction in a foreclosure. I found out about the sale date from the occupant questioning one of the many people driving by and photographing the property. With the help of the - Attorney General 's office, - contacted me and began a modification process. I made my third " trial payment ' on - -. On - -, the mortgage was sold to Seline Finance, a mortgage collection agency. Seline put me on " trial payments '' again for another four months. In -/-/-, the buyer of my home began signing papers for the V.A. loan. I was given a


A week later, I received paperwork to sign the " modified '' mortgage with Seline. The mortgage interest rate is the same 6 % it was for years with -. Seline now tells me that if I do n't sign their mortgage by week 's end, I will go back into foreclosure. Seline sent me a payoff statement, where I finally saw an accounting of my mortgage for the first time in 2 years. The principle is approximately $48000.00. Added to that is $6000.00 in back-escrow, and another $6100.00 in " interest ''. I must assume that " interest '' is charges accrued during my long stretch of no communication with -. Question 1 : What can be done about Seline 's deadline for signing a mortgage by -/-/-, while I wait for a sale date? Question 2 : When - sold my mortgage to Seline, did I lose my ability to contest $6100.00 in " interest '' that I 'm now being told to finance with a new loan?

Selene Finance customer in Colorado
Apr 26, 2016

* Source: CFPB Complaint Database

Selene Finance response to complaint:
Closed with explanation

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