Calber bought out mortgage from HSBC. HSBC threnthed me me with foreclosusre and I had to pay an extra $3000 in one month to catch up. So I did. The very next month i discovered caliber was our new owner. I thought that was completely m unethical. I figured then the mortgage companies have a great scam going on. Making money off senior citizens.
Caliber then sold the loan to Fay Servicing. Is this the ofi a mortgage companyn or just a debt colector.
When I received the leter from Fay Servicing I realized caliber had added $30,000 extra. I called Caliber and asked why they did that he said since we had a lower monthly payment they calculated and added it in at the back end of the loan.. As I said I thought this was HARP program and I would not charged extra money for that.
So I am completely confused. Are they allowed to do that or is this a mortgage scheme for then to make money.