Conventional adjustable mortgage (ARM) Loan modification,collection,foreclosure
Shellpoint Partners, LLC Mortgage department,
Conventional adjustable mortgage (ARM) Loan modification,collection,foreclosure Pennsylvania
This is an on-going saga with a home foreclosure that was the result of a divorce. The first mortgage was transferred through several financial institutions and is recently being serviced by Shellpoint. My ex-husband stopped paying on the mortgage years ago and rather than start the foreclosure, - - - sold the mortgage which ultimately ended with Shellpoint. The original mortgage amount when it was originated in 2004 was $120000.00. In -, the balance reporting was $120000.00 and in - the balance is reporting $150000.00, a full $26000.00 more than the principal balance. It seems abusive for a lender to transfer and delay the foreclosure of a property only to continue to accrue interests and fees. I 've practically begged for both - - - and Shellpoint to complete the foreclosure, yet to no avail and now the account is being assessed an additional $26000.00. I am at a loss to what I can do at this point.
Shellpoint Partners, LLC customer in Pennsylvania
Nov 14, 2016
* Source: CFPB Complaint Database
Shellpoint Partners, LLC response to complaint:
Closed with explanation
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