Saxon Mortgage Servicing Problems

Rl in Minnesota said: “My husband (Rick) and I have had the same problem as all of the others. Did not receive the information, paperwork is coming so on and so forth. In March we received a foreclosure notice.
I had a HRA Homeownership Specialist assisting in this matter and she [...]

JG in Florida asks “Is there anything that can be done about Saxon Mortgage, who is taking everbody property unlawful with out consideration. I too is in the same grip of lies. So there should be help somewhere, the modification plan is beginng is becoming a bad joke on society because of mishandling an [...]

Janet in Virginia said: “I am joining the forces against Saxon Mortgage. We have been in a living nightmare dealing with this company. In August of 2008 we were notified by our Tax Accountant that we were not the legal note holder on our home. What a shock to us.
We [...]

Today I discovered what many people probably suspected. Saxon Mortgage did not foreclose in the middle of winter because homes would freeze and become damaged. Instead, Saxon Mortgage promised HAMP modifications that never happened, and foreclosed or threatened foreclosure when the weather moderated.
My wife also went to inspect our properties in Alabama. [...]

Kansas City-based Novastar Financial, is not doing very well. Some Novastar loans were transferred to or are serviced by Saxon Mortgage. A growing number of its assets were pushed into foreclosure in 2009. As of Dec. 31, about 16 percent of NovaStar’s loans held in portfolio were more than 90 days past due, [...]