BMO Harris Mortgage Complaint

Home equity loan or line of credit Loan modification,collection,foreclosure

BMO Harris Mortgage department,

Home equity loan or line of credit Loan modification,collection,foreclosure Illinois

- mortgage with Harris, they are asking for the full balance and will not take payment. Will soon be adding late fees etc. I asked for a modification and they said I would need to see about applying for new loan at 8 % fixed. I will not gaulify for that it has been over 30 days with no answer. I do not want a new higher payment will sell in two years and pay them off. I feel they gave these loans before the mkt tanked and they should help customers who did not walk away from house and modify the - until we can pay off or sell. I need a modification before they eat up what little equity I do have while they add late fees etc.

BMO Harris customer in Illinois
Feb 24, 2016

* Source: CFPB Complaint Database

BMO Harris response to complaint:
Closed with explanation

Created with Highcharts 4.2.3BMO HarrisLoan modification,collection,foreclosureSource: Consumer Financial Protection Bureau
Created with Highcharts 4.2.3National AverageLoan modification,collection,foreclosureSource: Consumer Financial Protection Bureau

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