Rushmore Loan Management Services LLC Mortgage Complaint

FHA mortgage Loan servicing, payments, escrow account

Rushmore Loan Management Services LLC Mortgage department,

FHA mortgage Loan servicing, payments, escrow account Texas

In -/-/- Rushmore Loan Management of -, Ca. purchased my FHA/HUD loan from - - -. I was in active Bankruptcy Chapter - at time of their purchase. I received notice from them they had bought the note. I began at that point paying mortgage payments to Rushmore beginning in -/-/- as they requested. Little did I homeowner know, Rushmore lending intent was to show all payments made tothem under a " Property Preservation '' account which puts homeowner payments towards their regular mortgage in limbo, and creates an account summary favorable to foreclosurefor their purposes of acquisition and sale without current homeowner being made aware of this " Predatory Lending tactic ''. My home has no court order allowing - - - any Foreclosure status in their sale of note to Rushmore Loan Management. Now all payments made to them by me are in a default status of mortgage loan payments I have been making since -/-/-. This deceptive Predatory lending tactic should be exposed within the Mortgage lending community as a whole, and considered illegal business practice. Rushmore has no right to change my FHA/HUD home mortgage purchase toa Property Preservation account without court ordered foreclosure, property was never foreclosed on by Texas courts allowing such actions by Rushmore Loan Management.

Rushmore Loan Management Services LLC customer in Texas
Oct 24, 2015

* Source: CFPB Complaint Database

Rushmore Loan Management Services LLC response to complaint:
Closed with explanation

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