Archive for » July, 2009 «

When Novastar Financial of Kansas City went broke nobody really cried about it. This is a press release from October 16, 2007:

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Category: Watchdog  2 Comments

Did you know this fact? On October 11, 2007, Ahold USA announced the sale of Tops Markets, LLC to Morgan Stanley Private Equity. Morgan Stanley owns Saxon Mortgage. If you are having issues with your Saxon mortgage, perhaps you should know this simple fact, thereby avoiding Tops Markets.

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JP said: “I have been having problems with Saxon and several collection agencies as well. These people live under the assumption that they can just get away with anything because they are rich. They forget one important fact. They have no talent, no real skills, and lets face it, without us they have no existence. I feel it is time we started showing the owners of companies like Saxon that they can’t play without paying for it. I operate a low budget film company in philadelphia. I threatened Saxon that I would film the testimony of anyone screwed by Saxon Mortgage for free.

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MT in Florida said: “Not to bore you all with the fine details, but yes you guessed it Saxon is trying to steal my home also. but i am fighting back. on June 2, 2009 as a ProSe Filer I file a multi cause complaint in Florida against Saxon, NovaStar and the trustee the causes are as follows:

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Category: Complaints  One Comment

MD in New Jersey said: “When I started reading these complaints I could not believe it! My husband and I have been in this situation for 15 months and have had 5 different offers on the table for a short sale every time we were told to send updated info and every time they would only receive part of the package. When our last offer was finally sent to the “Negotiator” Saxon foreclosed on July 13 and that was one week after we were told it was with the “Negotiator”. If there is any one out there who can help us with some more info we would really be grateful.”

Category: Complaints  One Comment

PM in Texas said: “After doing a repayment plan with Saxon and sending them over $12,000.00 in June, following every step of their forebearance agreement, Saxon Mortgage Services foreclosed anyway.

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Category: Complaints  One Comment

KB said: “I have attempted to get a short sale approved for the last 5 months. No CSR has given information relative to each other. I have faxed the package to them 6 times and have been told never to refax it unless instructed to do so because that would reset the clock on getting it imaged to their system. I was told it takes 3, 5, 10, 15, 25 and 30 days or more for the fax to imaging based on volume.

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TW in North Carolina said: “I moved to Mississippi in May of 2006 and before I could make my first mortgage payment my mortgage was sold to Saxon Mortgage and the first mortgage company went out of business for Mortgage Fraud. Being a new homeowner I wasn’t sure if there was anything that I could do because my first loan was predatory.

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Category: Complaints  One Comment

SB in Michigan said: “I have been dealing with Saxon since April over a glitch (their line) with the computor that has caused me to be default by 4 months. Of course Saxon is adding late fees.!! To the point it is about them using my escrow to to pay my homeowners insurance, which i am responsible for.

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Category: Complaints  3 Comments

According to the Texas Secretary of State Kevin Rodman is the Director, President, and CEO of Saxon Mortgage Services Inc. His email is kevin.rodman@morganstanley.com

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Category: Watchdog  2 Comments