Home equity loan or line of credit Loan modification,collection,foreclosure
Quicken Loans Mortgage department,
Home equity loan or line of credit Loan modification,collection,foreclosure California
The Underwriter purposely gave me a non-payable and detrimental repayment option in-lieu of a Loan Modification after my - loan completed a Making Home Affordable Loan Modification. Quicken Loans attempted to take the needed savings from the Making Home Affordable Loan Modification for themselves, even though I am already in a repayment plan with Quicken Loans. They offered me to pay them back at $1500.00 per mo. I presented this option to my HUD Counselor and Financial Adviser and they both agreed that it would put me in immediate default if I sign the repayment agreement. I let Quicken Loans know this council and the said sorry, this is our option. I then asked how this is a benefit and a help? They said you get us paid off in 12 months instead of 48. So I told Quicken Loans : My professional counselors have determined that by Quicken Loan 's proposed repayment plan is a guaranteed default and extremely risky to me and my family. I will decline this repayment plan by the professional counsel given to me and I ask you to consider a real and helpful loan modification and not repayment plan that is worse than I already have. They then said we are closing you file because you declined our proposal.
Quicken Loans customer in California
Apr 07, 2015
* Source: CFPB Complaint Database
Quicken Loans response to complaint:
Closed with explanation
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