Real Time Resolutions Mortgage Complaint

Conventional adjustable mortgage (ARM) Loan modification,collection,foreclosure

Real Time Resolutions Mortgage department,

Conventional adjustable mortgage (ARM) Loan modification,collection,foreclosure New Jersey

I received a - - for $160000.00 from Real Time Resolutions , Inc. ( " RTR '' ) for a foreclosure on a lot in - - Florida I purchased in -. - - - held the interest-only mortgage at the time of the foreclosure in - at which time they issued a - stating the principal balance was $230000.00 and the - of the property was $34000.00. At the time of the purchase -s own appraiser appraised the property for $250000.00 and lent me and a partner $230000.00 ( 95 % ). They then transferred the loan to a - - - spin-off - who sold the loan to RTR who is now sending me a -. They did not send one to my 50 % partner who signed the mortgage docs and sent me a - for the total amount. I contend that - was my lender and they should send me the - which should be for no more than half the amount due. Also, I contend the amount is too great. - predatory lending practices lead to the overpaying for this lot which they contend was worth just $ - a the time of the foreclosure ( three years later ). This reporting was handled completely wrong by RTR. I wrote to them in - and they have not responded.

Real Time Resolutions customer in New Jersey
Mar 06, 2016

* Source: CFPB Complaint Database

Real Time Resolutions response to complaint:
In progress

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