PennyMac Loan Services, LLC Mortgage Complaint

PennyMac Loan Services, LLC Mortgage department,

VA mortgage Loan modification,collection,foreclosure California

In - - I completed a VA compromise sale on a property that I owed $130000.00 on. The mortgage lender, PennyMac, received proceeds in the amount of $61000.00 on -/-/-. On -/-/- the VA wired funds in the amount of $34000.00 to Penny Mac on my behalf per the VA guarantee on my loan. -/-/-, I received a - from Penny Mac in the amount of $72000.00. After contacting PennyMac on -/-/-, -/-/-, -/-/-, -/-/-, -/-/- and -/-/-, I was told on -/-/- that PennyMac would not count the VA funds paid on my behalf in credit to the amount of debt they forgave. They state that I owed them $72000.00 so that is what is reflected on the -. Despite the VA paying funds on my behalf, they are unwilling to revise my -. The amount of the - will be counted as income when I file my taxes and I feel that the - should reflect the amount of debt actually forgiven by PennyMac. They received an additional amount of money on my behalf that I will have to now pay taxes on and my VA benefit eligibility is suspended until I can pay that money back to the VA. The - does not reflect the true loss to the company.