Reports are trickling in about Mortgage Refinancing fraud involving OneWest Bank. Here’s one from Redondo Beach, California that is representative of the kind of scam this bank is running.
I had a mortgage with Indymac bank and have paid on time. I did not have an impound account set up to pay the property taxes. I live in Los Angeles county and our property taxes are outrageously high but I have managed to pay them timely. However I got behind this year as a lot of homeowners in LA County. I called the Tax Assessor and worked out a payment plan and was told by the Assessor’s office that ‘don’t worry about us trying to auction off your home, we don’t do that unless you are way, way behind–like 5 years’.
Long story short, One west bank took over Indy mac and re-did my loan. They took it upon themselves to pay the outstanding tax bill, tack it onto my loan and increase my monthly payment from $2200 a month to $4400 saying that my escrow account was in the negative by $11,000!!!! My taxes were only $3700 WTF???
I called One West Bank–no help at all. I can’t get past the main customer Service unit and had to deal with a condscending rep. who was immediately hostile.
This doesn’t sound legal at all. They are saying that my escrow account has a deficit of $11,000 when I NEVER had an escrow account with this mortgage. They seem to be basing the deficit going back to the inception of the loan.
Rebecca — Redondo Beach, California
Originally posted at: http://www.ripoffreport.com/reports/0/458/RipOff0458386.htm