MGC Mortgage
Reviews and Complaints

You are trying to make my parents buy insurance on an address that does not exist... They have sent you forms after forms telling you the correct address, and you still persist in sending them letters telling them that you are going to purchase Insurance and charge them for it... Our Lawyers are very interested in knowing how you can force someone to insure something that does not exist... I want answers.

We were sold out to MGC. We did not choose them. We recently tried to refinance but MGC is not reporting to any credit bureau therefore, it does not show up that we are making house payment. At one point, we accidentally let our insurance expire with our private insurance. When we realized it had lapsed, we got another insurance secured on our home. We have sent MGC 4 faxes to tell them we have insurance. MGC charged us for insurance all year. We have called many times and can not get through on their recorded answering service. We have held on the line for up to 30 mins and no one answers our calls. At one time I got through and the person I spoke with said they would call me back after they checked into the situation but NEVER called back. We have sent emails and done everything we know to do but they will not stop charging us for insurance. Yesterday when we called in our payment they said we owed $600 more then what our payment was supposed to be. We have NO IDEA what the over charge is for. We need to seek legal action because they are non complaint and will not cooperate with us nor will they communicate with us.

Since 2001 we never been late on our mortgage; but about September 3rd I had been ill & had missed 1 payment on the mortgage held by MGC Mortgage INC. This is connected with my dead mothers estate in which I am the administrator of to this day after her death. So, I notified MGC Mortgage of the problem and instructed them that I would be making the regular payments plus adding additional funds until the missed payment was caught up. Made subsequent payment on 10/03/2012, 11/03/2012 and when I was about to make the 12/03/2012 payment I received a call from MGC Mortgage stating that I was 3 payments behind and of course I disputed that claim and Faxed the information from First National Bank Leger showing my past 18 payments, the dates all the payments posted as well as the electronic reference # from the online check posting.

My complaint is simple; MGC Mortgage has be defrauding me out of additional money since 2008 of before; because I've been sending above the amount due on this account in access of $25.00 every month for over 4 years and those additional moneys should have been placed into an account specifically in the event of a missed payment etc. That is what I sent the additional fees for.to cover the cost of yearly insurance etc. not to be absorbed by MGC Mortgages manipulation of funds being paid from my bank account. Case in point I have never missed but one payment that was 09/03/2012 and haven't missed a payment since.

When I asked MGC to compare my records of the payment history with what they said they had in 12/20/2012 I Faxed over the payment records to their Collections department and I never even received a response from them and on 03/05/2013 I faxed even more evidence of my payment history and that included my last payment of $460.00 on 03/04/2013 for February & March 2013. I am very tired of getting the runaround from these people @ MGC Mortgage INC. I hope you can assist me with this situation seeing I cannot afford an attorney at this time.

MGC Mortgage has redone my mortgage from 6% interest to 10%, from 15 year loan to 30 year loan, and taken all my equity done all without my permission. They also faked my signatue.

Our house was destroyed by a fire in april 2008..a insurance check was mailed to mgc/beal bank in July 2008.. The money has not been applied to loan to pay loan off.
They have continued to take money out of escrow to pay for forced placed insurance on something that does not exist, even though we have called and faxed many tiimes. I recieved a letter today stating that are taking over 3000.00 out for insurance again and raising mortgage payment.. They are practicing illegal business practices and I intead to file law suit...

I have been trying ot obtain a loan modification from MGC MOrtgage for two years. They continue to send people out to take photos of my house and ask for documents. They have denied my offer to settle the loan and denied the modiofication.
I would like to file a class action suit agaisnt them but need advice about doing this/

I am only 2 and 1/2 months with my mortage arrears and MGC refuse to take three months payment, therefore directly allowing the mortage to go into foreclosure. I am not over the 90 days foreclosure period and so this is a direct breach and devious act by MGC. They even appoint a lawyer, when we contact the lawyer he said he does not have nothing or veven a file with our mortage. We are now in our tenth day calling and speaking to 5 different persons in their office, supervisors, customer service personnell and managers who keeps diverting the call around the office refusing to take the payment. Some days when we call you get a different amount to pay and when you try to pay they then say they cant take the payment because it is gone into foreclosure. This is wickedness to the highess level.

If you have any complaints or comments or concerns about MGC Mortgage aka LNV please go to http://stopmgcmortgagefraud.intuitwebsites.com/ this company has been scamming people for so long and we would like to hear your horrible stories. Please don't think that you are alone because you are not this company has been committing fraud for years and they have able to get away with it because the govnorment. Because we have voted in people whom have turned their backs on us...We have voice and need to be heard! STAND UP AND BE COUNTED LET YOUR VOICE BE HEARD! http://stopmgcmortgagefraud.intuitwebsites.com/ People we must stand together against the devil don't let him WIN because we too have the POWER I am hear for you please call me at anytime. Please go to our web site hurry!

I am sorry i need to make a correction this is most important the web site is stopmgcmortgagefraud.com
Against that is stop mgc mortgage fraud.com

Happy New Year Everyone! I hope that your holidays were nice.
Mgc Mortgage seems to be still at it they continue to do the same things they have a repeated pattern for the over years don't be fooled 2011 will not be anything differnet. I don't know if anyone noticed THAT THERE NUMBER WAS ONCE AGAIN DISCONNECTED! last week Wow this must be the only company in America that has NOT paid there phone bill and has had more disconnections in the history of time! but continues to STEAL.

Not sure if anyone has been reading the news but good ole Andy Beal's wife is dumping him she is even SICK of his foolish ways! the paper reports that he had someone break into her home and steal important documemtation that she needed for court...hummm does this sound fimilar since he continues to send bums and criminals to our homes calling this a BPO or home inspections and charging bogus charges or are they really sending these people to our homes to STEAL? I would like everyone who is having a problem with this company to please do QWR.

Now you ask what is that Qualified Written Request it's a letter here is where you want to list everything you want to know in a letter format.This letter should include your name, address, loan number, and list your complaints in order 1, 2, 3, etc you can request anything that you want to see for example payment history for the last 3 years, copies of checks paid to your insurance company, you can ask for explaination of all fees in detail, how your money was applied, you got the picture. Make sure that you letter is professional! this letter serves as a court document.

Here is the thing YOU send this letter cerfied and send a copy in the regular mail. They have only 20 days to responsed. PLEASE LISTEN TO ME DO NOT EXTENT THEM ANYTIME BEYOND THIS TIME. They are suppose send you letter stating that they got yours and this is where they get you when they send this letter it will tell you they need time. For example it will say we will provide this information within 30 to 90 days. SAY NO. Your letter must contain the RESPO LAW this is FEDERAL LAW they must reply.YOU ONLY NEED TO ADD THE ONE PARGRAPH OF THE RESPO LAW AT THE BOTTOM OF YOUR LETTER! You can find the law on the web. IF THEY DO NOT RESPONSED within this time frame this is a GREAT DAY FOR YOU! please call me asap [protected] As always this is Terry keeping you informed and please do not hesitate to call me people you are not alone in this battle! Keep up the fight! and don't give up!

To get to the point quickly so the pape doesn't time out...
My wife and I were served "complaint to foreclose" papers on Dec. 2nd 2010. Mortgage co. who is almost impossible to contact says we didn't pay our mortgage since Feb. 2010 and we are 9 thousand dollars in debt. Our checks were cashed money deducted from our checking act. I have the babk statements to prove this. Now we have to hire an attorney ( I have been out of work for a yr. after 24 yrs in business) and go to court. This has been a very tough time on us around the holidays. From what I have read, I is hard to beleive what they have done to "Good" people trying to live the american dream. Another blow in these difficult times. I hope we are able to win this battle. Good luck to the many others out there who are dealing with this and similar issues with their lender

Hello There
MGC Mortgage has stepped up there scam people you must listen to me this will be your last opportinuty to get on board. Today I rec'd a cerfied letter today from MGC Mortgage stating that I once again am in default. I find this funny since I just gave them 30k! and paid my own taxes and insurance! and paid them by my records these scam artist have over 5k of my money with no return in site and have stated that I am in default once again.(I say haha to this it looks like my home will be in forsclosure another 15 months again but once again I am ready!) If you have spoken with me or the attorneys and we did not think that you met the requirements for this class action suit I would like you to please do some of the following things please file a complaint with the fbi.[protected]@ic.fbi.gov we have given them some information that will assist you. Please file a complaint with the Federal Trade Commission I have given this number out before. You must submitt all of your complaints in writing. We will be following up with them as well. All of you which there are many please follow the instructions of the attorneys. If someone has not contacted me please hurry to be added to my list please call me asap [protected]. I have also started a new email address [protected]@gmail. com. But of course you can still get me at [protected]@yahoo.com due to the volume this new email allows access to many to assist you. Many of you may not know Andrew Beal however I do please do your research! Look at him on the forbes list #176. I understand that I am stranger however you may be saying" how do I know if this is not another scam" It's not I am in the same boat with everyone else. Trust is the most important thing and why would you trust a stranger and I understand this I am the same way. But we trusted MGC Mortgage and look where that got us. But people you have to take a chance nothing can be as worse as what we are going through right now a nightmare. Please stand up and be counted! Let your voice be heard. Please remember I will be sending out some information to all of you on my list please remember this is lenghy list so I promise that I will get to each and everyone one of you if it takes me a whole month. Since I have spoken with thousands of people please remember we are in this together! Stay tuned we are under way!

I have been noticing a increase of foreclosures at a rapid pace we MUST move a little quicker now since good Andy Beal seems to be moving quickly.

Hello Everyone
I am updating you on a few things that we need to do at this time.
We need to file a complaint with the FBI I am attaching the link below. Please we must send your complaints asap. Since the FBI has a Mortgage Fraud Task Agency's now this is a good place to lodge a complaint.

This is very important to our case so that MGC Mortgage aka Andrew Beal can not say that we have never filed a complaint.
In addition to that WE MUST FILE the report to FTC if you have not already done so. I have also listed that number as well. We need at least 2 agency's that we have reported to that are creditable.
You must clear in your statements to the FBI we are pursing criminal charges as well! These people are not only stealing they are committing acts that are outrages! to put it mildly...

1)If they have already foreclosed on your home without notice YOU MUST file this complaint with the FBI.
2) If they have only sent you a letter of foreclosure from their attorney YOU MUST file this complaint and contact our attorney asap!Do Not Wait!
3) Once they do a lockout we can not help at this point it will be late! Once they get a motion for default against you we can not help. Once they get a judgement against you we can not help!
4) Please understand that these people are not your friends and RE-MOD's don't stop foreclosures! this is a stalling tacked!
5) MGC Mortgage does not do RE-MOD's please let's be clear $11.00 to $148.00 is not a legit modification
Don't forget I am here to help everyone I am in the same situation as everyone here. My home is in forecloser.
The email address as follows

fbi.[protected]@ic.fbi.gov
[protected]
FTC 1-877-FTC-HELP [protected]

Please remeber my number is [protected] I need to get everyone on the list asap wake up please don't let them take your house! Please don't irgore letters that you get! Please go to court and check out if they offer mediation in your state, if not please consult with attorney however MANY attorneys in your state are not going to want your case! Please understand they don't want fight against a billionaire they are not aquitted to handle a case like this. This is why you must call me. Do not let the sheirff come to your house and lock you OUT! Wake UP! PLEASE
This serious! We don't want everyone in America to file BANKRUPTCY!

Terry
[protected]@yahoo.com

I want to make to make myself clear about MGC Mortgage so that there is NO misunderstanding they don't do RE-MOD please people listen to me. I have been fighting MGC for 2 years and this is why I started this class action suit.

I am being told by the attorney that some of you don't have your fact straight and you don't have your documentation ready when ask certain questions. I was also told that someone told the attorney go and look on the complaint board! This is serious if you are not serious please don't call me.

I have stated this over and over again MGC MORTGAGE doesn't do RE-MOD'S once you understand this then you will understand what is going on here. They don't have to do re-mod since they did not take any of the stilumas package associated with the Affordable Home Act that the president pasted. Please don't complain to the attorney about.

If they were going to give you a re-mod it would be between $11.00 and $150.00 please wake up this is NOT and remod.

People when you get a letter from there attorney starting forclorsuer please DON'T CALL there attorney they will tell you not to come to court! This is a easy way for them to obtain judgement against you and take your home.

You don't have to believe me just ask some of my followers...today is a sad day for me I know you folks don't know me but I am not telling you anything wrong...it's just human nature not to believe someone you don't know.. but my prayers go out to the family in Ohio...

If you serious about keeping your home please call me [protected] Best Wishes Terry

Listen carefully we don't have much time folks

If you live in any of the following states YOU MUST contact me ASAP

New York
Conn
New Jersey
Flordia
Texas
Calfornia
Il
Washington State
MN
Now the remaining states MUST also contact me ASAP
We are moving forward I must gather as much information as quickly as I can please call me at [protected] or email [protected]@yahoo.com

Please we must file in a timely fashion and I dont want anyone to left out

thanks for your patenice this is going to be long journey but with all us pulling together we will get through this.