Saxon Mortgage aka Deutsche Bank

Home » Consumer Reviews » Mortgage » Saxon Mortgage aka Deutsche Bank

Aug 12, 2008

Saxon Mortgage complaint by Pjughead

I filed BK13, sent saxon mortgage payments for June and July, received a siptulation today. In this there was no mention of ever receiving a payment. Thus they want to up the amount 650.00. Are they to keep raising my payment until I cannot pay any more. I really think they are trying to get out of the home business, but before they can do that, all property has to be owned by them. So it can be sold free and clear. So Beware.

P.S. I did not know that the US Banks could't do mortgages.

Good Luck

More Saxon Mortgage Reviews

Discuss
Saxon Mortgage News

on our forums

Quote this article on your site | Views: 489
Saxon Mortgage Complaints

Comments (9)

1. Written by B Grooms, on 05-02-2009 17:53

I agree, they are dishonest. Been making payments on time after filing chap13 until December. Saxon said they would let us catch up the missed payment over 6 months. Rec'd papers today asking the court to lift the stay so they could foreclose. My gut is in knots !

Report

2. Written by Jeff. Florida, on 15-10-2008 12:42

I have had my house on the market for almost 2 years now with multiple contracts. They wouldnt accept a short sale of any kind and to top it off my second lender GMAC was willing to take almost a complete loss($98K) and release my second and saxon still wont allow a deed in lieu of foreclosure. Something needs to be done!

Report

3. Written by Aaron Foreman, on 24-09-2008 07:17

I detest Saxon. They are demonic. After multiple BK's they are still attempting to take my home. That is all they want. They want to see hard working families on the street. We have sent in all paperwork (stacks of it mind you) multiple times to only receive no answer or communication for loan restructuring. The only time you hear from them is when they are proceeding with foreclosure. I would definitely like to see them brought to justice for so many that are suffering and fighting to keep their homes. Anybody wanting a suit can count me and my family in. My big question is who is funding them? With all these banks and subprime entities going under, what is keeping them afloat. I am praying that they fall big time.

Report

4. Written by Linda, on 24-09-2008 01:10

They need to be stopped and anything I can do to help I will. I just got served papers today after paying a scam to stop foreclosure. They lie the cheat and was told after a year I could refinance for low rate currently at 14.8% with a balloon in two years they want my home and the said thing I owed nothing was contacted to better my credit after a huge business deal went bad with another bank that lied about profits so employee of bank could sell

Report

5. Written by Mark S. Martin County,Fl, on 20-09-2008 08:31

I want to know if there are any lawyers out there who are reading these comments, and would like to bring Saxon (and related companies) to their knees. We got a loan with Oxford Lending group aka The Lending Group, and the payments were pretty high. We were told to stick it out and make the payments on time, so that our credit score would improve, and then we would be able to refinance at a lower rate/lower payment. The loan was sold immediately to Saxon, and we paid on time for a little over a year. When we tried to refinance, we did not qualify. Our new monthly payment was scheduled to increase, and when we asked to do a loan modification, we were told by Saxon that I would need to make more money to qualify. (If i made "more money" I wouldn't be trying to get help). I was also told by several Saxon reps, that they would most likely only work with us when the house goes into foreclosure. Well the house has gone into foreclosure and a sale date has been set for 10/23/08. We have been trying to work with Saxon since January, 2008. Still, all we get is a run around. Also, when the loan was first originated, the appraised value was $318,000. I never saw anyone come out here and appraise the house.

Report

6. Written by Suzanne, on 02-09-2008 13:33

They are doing the very same thing to me... It is infuriating! I would love it if you would join forces with me in a case I am putting together to bring to my lawyers... Any hard evidence would be much appreciated! Many Blessings!

Report

7. Written by ken, on 25-08-2008 08:50

same thing has happened to me in my chapter 13 and i am filing suit already have an attorny would u be willing to give a deposition

Report

8. Written by Dawn Schluter, on 19-08-2008 03:08

I am keeping a list of all the people that email me back....I am looking for an Atty to file a class action against Saxon. I am also working on getting heard on Capitol Hill about what is really going on with trying to get mtgs modified and finding alternatives to foreclosure. I have heard of one person that has said Saxon has followed through and helped us. If it takes me my whole lift I am going to get something about companies like this one. Let me know if you want in...Good luck with any dealings with Saxon...

Dawn.

Report

9. Written by Randy, on 13-08-2008 07:55

Saxon Mortgage is a complete joke. They are definately a predatory lender that the Government needs to deal with NOW! They are scammers, liars, and thieves.

Report

Comments on Saxon Mortgage aka Deutsche Bank
Consumer Forum is another great place to discuss consumer concerns NOT RELATED to this article.
Name:
Comment:

Code:* Code
I wish to be contacted by email regarding additional comments