Central Mortgage Company

Central started a loan modification after trying to foreclose on me. I beat them in court but our state also allows judicial foreclosure. Central said I was approved for a loan mod (4th time a charm?) and that my junior loan and a judgement wouldnt hamper the mod. THEY LIED! I gave them 4 trial payments of $1, 333 each then they said they had never told me the junior liens wouldnt be a problem and that I couldnt get title insurance without paying them off. SO---I lost all my moving money! They has a court trial date set in a couple months and I am going to taske my recorded proof that they lied but I may not win. Ill be forced into the cold with my family. CENTRAL LIES. Do not believe they will give you a loan modification.

I agree with everything Valerie posted but shockingly, this is not Valerie's story. It is mine. Word for word. Shame on you, Valerie and shame on Central Mortgage Co. I wrote that piece and posted it on scam report many years ago. I have all the back up to prove it. I don't know why you would do this Valerie but in my opinion, you are no better than Central Mortgage.

Central lies about receiving documents. They lie about where you are in their system. I also had a Downey loan and wasnt even late! I lost my job and asked for a two month forbearance. I was told that because of new laws, it was considered a loan modification and I had to be 2 months late. I protested that but was told it would be OK and only harm my credit a little while and they would quickly mod my loan. That started over a YEAR of lies, stalling etc only to be told I couldnt modify unless I paid a huge back due which included many extra fees. They started foreclosure but the had used MERS and the docs were so fake looking that the judge stopped the foreclosure. That led to two years of trying to do loan mod workouts. Fees kept being added. I was told over and over that docs were not received, or they had been sent to the wrong dept, etc. Finally they sent me another loan mod package then served me with judicial foreclosure. Centreal sabotaged me from the beginning by telling me to stop making payments! Have they told anyone else this? You? If si Id like to get a class action suit going.

I to have a problem with central Mortgage, they came to me while I was Laid off and tricked me into a loan, I told them I'm not working, they said everything will be fine, than the housing bubble hit ! I think they knew something was up !I I continued to make payments, while always being overqualified for Jobs, this went on for 4 years, i asked for Modification, while still in excellent credit, and they turned me down! I to Than had a late payment, and they refused any payments after that! I got a Lawyer, who is very nice man, a compassionate man, he helped my Grandparents, while alive, and he was appalled, and he took over case for me, and i haven't paid him a dime yet! I went through a conciliatory process, they dragged me to this hell for one year, after year was done this company told me they wouldn't again modify, because I HAD TO MUCH EQUITY IN THE HOUSE! My lawyer calls, no one responds ! I believe this company did this to a lot of people during the housing collapse, hoping to foreclose, knowing people would lose jobs, and they couldn't make payments ! So now people like myself, who always did the right thing all my life, always paid my bills, have to suffer, because of what the banking industry did for pure greed ! The banking industry caused all of this! STAY AWAY FROM THIS COMPANY! ALL THEY WANT IS TO STEEL YOUR HOME FROM YOU!

We were in Litigation with Central Mortgage all last year after 3 years of trying to modify our arm loan which is considered Predatory loan, and getting the run around from them. In December 26th 2012 at 10:00 am of last year Our home was foreclosed and they bought it back! after I filed for BK on the same morning at 9:00 am. they were desperate to sell before 2013 because of a new law that would be in place in California that bank's had to help out home owners under water! These people are the devil! destroying families and homes! I've been taking medication for anxiety, my family and kids have been under a lot of stress knowing that they no longer have a home of 13 years! this company NEVER EVER wanted to help out! worst experience of my entire life!

we had central mortgage on a property we owned in Rhode island. our tenants totally destroyed the property . my wife and i decided we should sell this property or rent it again if we could do so by paying the mortgage. we totally refurbished the house the whole time we were not getting any rent while paying the mortgage . we ran up credit card bills also to fix the house . so we have no income coming in mounting bills and then the market crashes. we try to sell the property but no one can get approved for the loan . we make the moral decision and not the financial decision to go bankrupt to get a fresh start. after about a 6 months we notice that the city continues to send us water bills . we call central mortgage who is impossible to speak with an one or you get bounced around from one person to the next like they are academy award winning actors reading off a script. they tell us yes the process of foreclosure has begun. again months down the road comes another water bill . call central mortgage and now they say the foreclosure has been stopped because someone has broken into the house and taken all the pipes. well of course they did you have had over a year or more and have done nothing with the property. wait again get a summons from the city saying i need to do a lead hazard test on the house and also to say that a fire had occurred at the house . i go to see this and the house is all boarded up . the city continues to pursue us and threaten fines for a house central mortgage should have foreclosed on recouping much more money than they will now due to the damage. finally my bankruptcy lawyer gets involved again sending paperwork that gets the mortgage company to finally talk to us. the women asks oh did you want to get rid of the house. yes i say as that was why it was given back to start with . oh we will send out paperwork for you to fill out and then we can move forward. this is asking all kinds of personal and financial information that there is no need for them to know as the property again was involved in a bankruptcy. lawyer mind you who now is the second one involved for central mortgage now wants me to sign a deed in lieu i refuse saying they can spend the money to foreclose as i have waited four years waiting on you. well don't you know the city reassessed the property is now worth half of what is worth 6 months ago and a third of its worth from 4 years ago. sounds like a bad business decision on there part. i believe if i fight it they have no idea who really owns this property they are breaking the bankruptcy law by not letting me get my fresh start. now a third letter comes from the city to dispute these things all over again . terrible company they should be ashamed of themselves and the predators that they are so i would be interested in and class action suit against this company and the financial hardship and stress they have caused my family and the city of providence . feel free to contact me at cpierce15@Verizon if you would like me to be involved in your class action suit. thanks Ron pierce warwick, Rhode island

I have spoken to HUNDREDS of people who were told by their lenders that they needed to be 60 days late before they could apply for a modification, only to have the system drag months and even several years before beung turned down, then the lenders demand all back due with huge fines and charges. This was all a DESIGN to steal homes. I can bring 500 people to a classaction suit. Thats not a lie---probably even more than 500

We have had CMC for about a year and it has been nothing but a nightmare. Lost documents, phone calls not returned or noted, our loan being sold to a different company, oh then not being sold after we sent payment to new company, then not finding the payment and now they have not paid our land taxes. So, we have received a delinquent notice from our county. Once again my wife tried to call and get it straightened out, and for about the 10th time, they say she is not on the account and they cannot speak to her. We have tried numerous ways to add her - phone calls, faxes and online doucments - to no avail. This has been the most frustrating business deal and we are currently looking to refinance just to try to get away from them.

Randy & Laura Franz
Rockford, WA

Complaint against Central Mortgage

Christopher & Jessica Peters
San Diego, Ca 92128

Re: Loan Modification Fraud

To whom it may concern;

In March 2009 a request for a loan modification was sent to Central Mortgage (Avest Bank), after 6 months (Sept 2009) I received documents from CM approving a loan modification trail period that would start 10/0/2009 for a dollar amount to be paid through 01/2010. The agreement was signed and was sent certified back to CM (received by CM in 09/2009). All payments agreed upon were made to CM on time. During the trail period we received a foreclosure default notice from CM. I contacted them and asked why I was receiving this notice if I was in the trail period and under the agreement, no foreclosure procedures would be enforced. They said it was another department and the foreclosure would not go through once the trail period was up and all payments were made to the loan modification trail period. I contacted CM in 01/2010 to receive a update on the loan modification, CM advised they never received the docs and now I was in foreclosure. They denied ever sending or receiving the agreement (I still have the original copy of agreement and proof of delivery).

The original request for the loan modification was due to financial hardship. CM has added an additional $35, 000 in fees to the original loan and FORCING foreclosure sale date and filing bankruptcy. CM has produced and manufactured a way to take away the rights of the American dream and 28 years of building and keeping an excellent credit rating/history, being destroyed by bad business practices and apparent lies.

I am requesting help to fight this type of criminal behavior ever happening to another American. CONTACT ME at cmclassactionsuit@gmail.com

Regards,

Christopher & Jessica Peters

Contact Information for CM
Mr. William Roehrenbeck
President/CEO
Central Mortgage Company
801 John Barrow Road Suite 1
Little Rock, AR [protected]
CM Fax: [protected]

I have previously had two problems with CMC. One involved an overnight delivery which arrived in the early hours before the end of the month (I think it was 9:24 am). I received a notice saying that my mortgage was not received in time and I was subject to default on my payment. I called the company and informed them that I had documentation that the letter/payment was received and the time it was received. I was told that "we pick up our overnight mail" first thing in the morning and anything that comes in later in the day gets posted the next business day. (She also outright lied about the receipt of my payment and documentation of receipt of that payment). I had my attorney write a letter verifying that my payment WAS received on time and needed to be credited to my account. They said they needed to "investigate" my complaint, and then
"corrected" my records. My second problem occurred when I made a payment using their telephone payment system. Instead of processing my payment through my account number they processed it through the number on the bottom of my check (I have a credit union account so the acct number is different) and they said I had "ISF" to process my payment. That not only was a lie...but an impossibility. They NEVER EVEN HIT MY ACCOUNT IN ORDER FOR IT TO BE A POSSIBLE " ISF" PROBLEM. I was able to fight that one and get it corrected.

My new battle comes from a recent discovery regarding problems with my Credit Report. I applied for a loan and was told I had TEN defaults on my mortgage over a nine month period. They are ALL payments that I made through their telephone payment system ( I was suckered into their sales pitch that using the telephone payment system was a better way to make payments than overnight deliveries because it would be "cheaper" for me... what it really was was that they would get an extra ten dollars instead of the post office...multiply that by how ever many people they told this to... and I would venture to guess that adds up to a lot of money). They claim I made payments mid month for the previous months payment each time. I KNOW THIS CAN NOT BE... FOR ONE THING.. AS INDICATED BY SIMON (above) ..if you are even one day past the thirty days you get your payment denied and are hit up for two months payments at one time. There is no way CNC would have allowed me to continue in default in such a manner accepting the previous months payment like that without taking some sort of other official action on their part. I ALSO KNOW THAT MY PAYMENTS TO MY ACCOUNT WOULD EITHER HAVE BEEN MADE AT THE BEGINNING OF THE MONTH OR AT THE END OF A MONTH...BUT NOT MID MONTH LIKE THEY CLAIM. It almost appears that my payments were on a two week delay in processing from the time I would have arranged payment to when the money was actually taken out of my account. Something is very very strange about this whole thing.

I have spoken to the "bob" and "mark" and am told that I need the "confirmation numbers" of the transaction in order for them to do anything. I was told that during the time in question they were using something called the "Tru pay system".

I will continue to pursue this in what manner I can. Something is very much "not right"...