- Report: #1465092
Complaint Review: CHAMPION/NATIONSTAR - Dallas Texas
-
Author Confirmed
Why?
CHAMPION/NATIONSTAR
Dallas, Texas, United States
Web:
N/A
Categories:
Business Rating:
(0)
Tell us has your experience with this business or person been good?
CHAMPION/NATIONSTAR Preditory, Deceptive,Fraudulated,and Unethical Dallas Texas
My Dad was coerced into a Reverse Mortgage because of excessive medical bills. He was assurred that because he had a Truse leaving me the house and I was 62 that there would be "no problem changing the mortgage into my name" FRAUDULATED. When he passed away I was notified by them that I had 30 days from his death ( Jan 2 and this was the 29 of Jan) to PAY IN FULL the loan UNETHICAL and unrealistic. They began sending registered letters, sending people around to check out the house, and made intimating phone calls.
I finally had to sell the house after being threatened with foreclosure. In just barely 5 years over $130,000.00 strickly in interest. it is interest on interest on interest PREDITORY. Oh, and FYI there is only 1 Reverse mortgage company in the country...CHAMPION. The bank is in Dallas Texas and it NATIONSTAR/CHAMPION. Nationstar handles "loan modifications" and Champion handles "reverse mortgages" You have gotten your loan from B of A, Wells Fargo, Met Life, Citi...but the fact of the matter is that they are only "fronting" for Champion. Somewhere in the loan process your loan will be "sold" to Champion DECEPTIVE. If there is a class action law suit out there that I can get into please point me in that direction.
