The informations Washington Mutual Bank Home Foreclosure

Edwards Finance > Foreclosure

Q. I would like to refinance my home equity loan. I am currently paying 8.6 percent but I can refinance it with the same bank for 6.35. That is still a bit higher then what i want. I understand that a 2nd lien on the home has a higher percent but can someone recommend a lender with lower rates then that????

A. Here is just the first part of a article on http://kdfwfox4.com The Texas Attorney Generals office is now investigating Washington Mutual after an exclusive News Station Investigation. Hundreds of customers of the mortgage giant complain they are getting socked with unnecessary fees and threats of foreclosure. Washington Mutual has more than 6 million customers across the country. As the company has rapidly grown, so has its list of unhappy customers. "You feel like you have been violated," says Pam Kent. "You lose sleep over it, wondering if you are going to get a letter setting a date when you have to get out." Kent and her husband say they have been paying their mortgage payments to Washington Mutual, but the lender sent a letter stating they were missing payments. The Kents say they faxed the canceled checks four times to Washington Mutual, but still received two foreclosure letters. They started to panic when an inspector showed up to survey their property. "Do we have to find a lawyer to fix this? That is just a lot of money we don't have for something that shouldn't be an issue," says Kent. The Kents are not alone. After our February story aired, hundreds of angry Washington Mutual customers contacted FOX 4 News. I just refinanced my home for 5% with Washington Mutual, might give them a call. Check channel 4 before using Washington Mutual they had some stories a couple of weeks ago about how people were being burned at WM

Ask Edwards a Finance Question

Other Questions:

Va House Foreclosure

When buying foreclosed houses, is it possible to approach the home-owner when the house is currently listed in the legal organ to be sold on the courthouse steps? A friend and I have been reading and wanting to do the "buy a house at foreclosur...

I plan to be in the market for my first home within a year in Northern, NJ. I have been looking in the paper and notice a bunch of adds for Foreclosures and loans requiring little money down (FHA HUD, ETC) Have any of you had experience b...

My home was foreclosed two months ago. I assume that the first mortgage will be paid off at the foreclosure auction. We owed considerably less than the house was worth. How is the second mortgage handled. They do not even appear to know tha...

I belive that the banks are conspiring to raise rates; but for the purpose of fattening the profit margin on loans (esp charge cards). , once again, you're assuming there's only one bank. How can a thousand banks individually conspire to raise...

Does anyone know if there is sort of a consumer complaint "center" against BANKS, MORTGAGE LENDERS etc. This is happening to us and we need to act with everything we can find as part of their proceedings are not legit: Over the past 18 months...

Edwards Finance Menu

Ask a Question
About Us / Me
Contact Me
Privacy Policy

Sitemap

My Favorite Sites

PFBlog
Google Finance
Yahoo Finance
Motley Fool
Nveille's Financial Blog
AllFinanceMatters
Free Money Finance
2MillionBlog
The Terror Finance blog

Q&A Subjects