Conventional adjustable mortgage (ARM) Loan modification,collection,foreclosure
Seterus Mortgage department,
Conventional adjustable mortgage (ARM) Loan modification,collection,foreclosure California
I just received a loan modification package from Seterus Bank with a proposal trial period payment for - months in the amount of $3600.00 which is around $1700.00 over the amount i used to pay before to - - -. My payment was $1900.00. How can i afford to pay more then what i could n't pay before in the - place. I have spoken to alot of my close friends who were in the same situation as me and around the same loan amount and property size, they have received a very good loan modification of around $980.00 a month, another friend received a loan modification in the amount of $970.00 a month. How can this be that they are receiving loan modifications to help them stay and pay for their home while i can not even get a close amount to my old payment of $1900.00? Please help me as this is getting out of hand and im worried for my family and loosing my home to this banking scam. It seems to me that they are just transferring loans to get away from giving out a loan modification.
Seterus customer in California
May 29, 2015
* Source: CFPB Complaint Database
Seterus response to complaint:
Closed with explanation
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