Review and analysis of over 87 Home Equity Loan Or Line Of Credit complaints against BMO Harris
BMO Harris consumers have reported over 87 official complaints related to Home equity loan or line of credit. Out of the 87 consumer complaints against BMO Harris, 25% were disputed by the consumer (i.e. the consumer was not happy with how BMO Harris responded to their complaint) and 99% were processed in a timely manner. 2% of consumer complaints against BMO Harris resulted in the consumer receiving monetary compensation (e.g. money, cash reimbursement, etc.) and 5% resulted in non-monetary compensation.
Submit a complaint with the Consumer Financial Protection Bureau today
File ComplaintStop harassing phone calls, know your rights and what you can do to stop them
Stop Calls
BMO Harris Mortgage loan servicing, payments, escrow account March 31, 2017 - BMO Harris Bank -, WI - reported $4.00 late payment on my credit causing it to drop 100 points. BMO Harris was contacted via phone on -/-/2017 and could not give a detail of where this information came form. I was transferred to a Dispute department and they sent me a dispute form to fill out.... |
BMO Harris Mortgage loan servicing, payments, escrow account March 12, 2017 - I need help with BMO Harris suspicious account activity. I have had 2 loans with Bmo harris for many years. 2 Mortgage loans. I went through a bankruptcy in -/-/2009 and reaffirmed on both loans. I have been making 2 monthly payments and I have recently tried to refinance with a different bank. I just found out that the 2nd loan has been sitting in a bankruptcy hold account and my payments have not been being applied to this loan. And on top of this they have applied over - in Late charges to the account with out contacting me of any problem. I asked the representative why I was not conta... |
BMO Harris Mortgage application, originator, mortgage broker September 22, 2016 - We have a balloon mortgage with BMO. The mortgage was due in full -/-/-. We have made a good faith effort to refinance our property and pay off the loan. We have been denied this opportunity by BMO as we applied for a mortgage to refinance the balloon mortgage with BMO and not only never completed the transaction, we were never notified either of the status of the loan, the appraised value, and whether or not we were approved for the mortgage. When we had no success with BMO, we applied for a mortgage and were approved, but then BMO foreclosed on us and we could not refinance. Here is a... |
BMO Harris Mortgage loan servicing, payments, escrow account August 3, 2016 - To who may concern, This update is continuing for previous complain and recent BMO Harris bank action of my home equity line of credit. I started my proces two and half months before my maturity date -/-/2016.All documents required by the bank has been promptly delivered on day one and no additional paperwork after that. Through that time I received offer that Harris bank declined itself by saying they overlooked some details. Then all two months no communication about specific product of modification, new home equity line of credit until 3 business days before my maturity date I received s... |
BMO Harris Mortgage settlement process and costs June 18, 2016 - my home equity loan with m & i bank in - wi. was bought by bmo bank after about 5 years, after paying on it another 5 years never missing a payment and always on time. they told me it had come due and they would not renew it. there was no due date on my contract with m & i. i have a - credit score. and have never been late on payments or filed bankruptcy. bmo advertises, were here to help. not in my case.they want to go in default with it. i dont know what i can do. please help ... |
BMO Harris Mortgage loan servicing, payments, escrow account May 10, 2016 - I took out a - mortgage line of credit a number of years ago through - - - Bank. I paid every payment on time. - - - Bank was bought out by BMO Harris Bank several years ago. The line of credit loan continued as it had with - & - Bank. I continued to make payments on time, never falling short even one time. In the fall of - I received a letter from BMO Harris bank stating they were discontinuing this type of loan and called the note due in - -. Even though we were very ill prepared to refinance, we took the fall to attempt to prepare our home and our finance... |
BMO Harris Mortgage application, originator, mortgage broker April 11, 2016 - A online application was submitted along with all the pertinent documents. The processor - - left her position and stopped responding the emails and requests for updates on the status of the mortgage. I applied online for this loan on via their website On - they mailed a packet of documents to sign as well as a list of the items needed in order to review the loan. I emailed her with all the information requested and she had full documentation in her hands in a timely manner. These are the dates of the emails ... .. -, -, -, twice on -, -, -, -, -, 4 times on -... |
BMO Harris Mortgage loan modification,collection,foreclosure February 24, 2016 - - 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... |
BMO Harris Mortgage loan modification,collection,foreclosure January 9, 2016 - BMO Harris Bank has offered us what they call a modification with stipulations regarding our second mortgage the stipulation is a " mortgage payment forbearance agreement ''. However this BMO agreement is unfair and totally one sided in favor of BMO. What makes the agreement so bad is that it actually makes a borrower 's situation worst. BMO coerces desperate home owners to sign this deceptive agreement thinking it will help them. The BMO agreement actually creates a financial difficulty for the borrower and makes it easier for BMO to foreclose on the borrower. I sent BMO an e-mail listing my ... |
BMO Harris Mortgage loan servicing, payments, escrow account November 16, 2015 - - mortgage - I have paid on time over - payments, never missed a payment, and about 2-3 years ago the payments were not being applied to principle correctly. Last year nearly - % of the payments were interest only. Mis-allocations continue to be made and I have to complain very month for them to adjust and re-apply. I do not believe the principle owed is correct. I have paid over $60000.00 ( - payment at $600.00 each ) and my principle has gone from $76000.00 ( original loan amount ) to $69000.00 after 7 years. Every customer service representative and every escalation ends... |
BMO Harris Mortgage loan servicing, payments, escrow account August 5, 2015 - My husband and I have a home equity loan with BMO Harris. When we filed bankruptcy over - years ago, they disabled our online account so that we could not view our account activity. The bankruptcy has been discharge and our loan has been modified, but I am told that I can not use online banking to so much as view my statements. They are not mailing me statements. I do not have access to normal customer service, I am told I have to talk to the loan mitigation department, which does not always answer their phone during business hours ( I often get voicemail ). As a customer, I want to be able... |
BMO Harris Mortgage loan servicing, payments, escrow account August 4, 2015 - On -/-/2013, I - with the - - to the - -. My civilian pay stopped at this point. It took many weeks after several delays for my - pay to be established. During this period my HELOC payment to BMO Harris Bank was late as a result of the income lapse. Attempts have been made to have BMO Harris Bank remove this negative mark from my credit report due to my - status. BMO Harris Bank has rejected my request. ... |
BMO Harris Mortgage loan servicing, payments, escrow account July 15, 2015 - I received a mortgage statement from BMO Harris bank. I noticed that my annual fee of $35.00 that I sent in on -/-/2015 was not credited correctly ( they credited it to principal ). When I sent the $35.00 in I even noted on the payment that it was for the annual fee. I contacted them at the number on my statement which is - and spoke with -. - said that she would correct the problem and that it would take 3 to 5 business days. I was fine with the resolution until I asked her to mail me an updated statement. She told me that I could not have an updated statement and that they... |
BMO Harris Mortgage loan servicing, payments, escrow account April 5, 2015 - I have had a terrible experience with being inappropriately charged with paying a recurring ghost loan fragment '' on - of my HELOCs ( Home Equity Lines of Credit )! There are - concrete recent examples of my bank INCOMPETENTLY and INCORRECTLY servicing my HELOC payments : ( 1. ) Early this year, the bank incorrectly showed on my account statement, that my principal balance had been paid down to $0.00. In actual fact, they neglected to post an $8600.00 transaction ( using a check to buy shares of a particular stock ) to my HELOC account balance. I repeatedly went to the bank and per... |