Comments for Phillip Dampier http://www.phillipdampier.com/blog The personal blog of Phillip Dampier - Rochester, NY Wed, 03 Mar 2010 22:58:36 +0000 http://wordpress.org/?v=2.9.2 hourly 1 Comment on GMAC Mortgage Dumps Tens of Thousands of Home Equity Loans: Sells to Abysmal ‘Specialized Loan Servicing’ by Mike http://www.phillipdampier.com/blog/2009/10/20/gmac-mortgage-dumps-tens-of-thousands-of-home-equity-loans-sells-to-abysmal-specialized-loan-servicing/comment-page-1/#comment-386 Mike Wed, 03 Mar 2010 22:58:36 +0000 http://www.phillipdampier.com/blog/?p=2134#comment-386 This company is ruthless and you will probably not get it resolved by phone. Send all communications to them in writing via certified mail. You need to keep a well documented trail of your communications. You might want to utilze the Better Business Bureau to help you resolve this. Belive it or not, they are very good about recommending other agencies for assistance when Specialized Loan Servicing does not correct the situation. Also the paper trail will allow you to seek financial recourse from them if you end up in court. Good Luck. This company is ruthless and you will probably not get it resolved by phone. Send all communications to them in writing via certified mail. You need to keep a well documented trail of your communications. You might want to utilze the Better Business Bureau to help you resolve this. Belive it or not, they are very good about recommending other agencies for assistance when Specialized Loan Servicing does not correct the situation. Also the paper trail will allow you to seek financial recourse from them if you end up in court. Good Luck.

]]> Comment on GMAC Mortgage Dumps Tens of Thousands of Home Equity Loans: Sells to Abysmal ‘Specialized Loan Servicing’ by phil http://www.phillipdampier.com/blog/2009/10/20/gmac-mortgage-dumps-tens-of-thousands-of-home-equity-loans-sells-to-abysmal-specialized-loan-servicing/comment-page-1/#comment-385 phil Wed, 03 Mar 2010 22:41:59 +0000 http://www.phillipdampier.com/blog/?p=2134#comment-385 They are not allowed to penalize you for past due amounts within the first 60 days after the transfer. You should request a new copy of the transfer notification. They also should refund you the electronic payment fee -- they waive it routinely for folks making payments within a certain window of time, and should be able to grant you a one time refund under the circumstances. It is also a violation of law to change the terms from your original loan. They cannot add a penalty for early payoff to a loan that never had one to begin with. I would review your original loan agreement, grab theirs and contact them and demand a specific explanation of why they think they have the right to change the terms of a loan agreement. Anyone in this situation should review this website and act on the recommendations: http://www.ftc.gov/bcp/edu/pubs/consumer/homes/rea10.shtm They are not allowed to penalize you for past due amounts within the first 60 days after the transfer. You should request a new copy of the transfer notification. They also should refund you the electronic payment fee — they waive it routinely for folks making payments within a certain window of time, and should be able to grant you a one time refund under the circumstances.

It is also a violation of law to change the terms from your original loan. They cannot add a penalty for early payoff to a loan that never had one to begin with. I would review your original loan agreement, grab theirs and contact them and demand a specific explanation of why they think they have the right to change the terms of a loan agreement.

Anyone in this situation should review this website and act on the recommendations:

http://www.ftc.gov/bcp/edu/pubs/consumer/homes/rea10.shtm

]]> Comment on GMAC Mortgage Dumps Tens of Thousands of Home Equity Loans: Sells to Abysmal ‘Specialized Loan Servicing’ by Lisa http://www.phillipdampier.com/blog/2009/10/20/gmac-mortgage-dumps-tens-of-thousands-of-home-equity-loans-sells-to-abysmal-specialized-loan-servicing/comment-page-1/#comment-384 Lisa Wed, 03 Mar 2010 17:15:30 +0000 http://www.phillipdampier.com/blog/?p=2134#comment-384 I did not receive any notification that my loan had been sold. I logged on to pay my mortgage and couldn't access my account. I sent a check in snail mail. The next month I called and was told to contact SLS. They have never sent me any documentation of my loan being transferred/sold. I was forced to make an immediate payment thru Western Union for a fee. I still have never even received a statement from these loan sharks. There phone skills are rude. I noticed that my GMAC (Ditech) loan did NOT have a penalty for early payoff and SLS has added one to my account. What a rip off. I did not receive any notification that my loan had been sold. I logged on to pay my mortgage and couldn’t access my account. I sent a check in snail mail. The next month I called and was told to contact SLS. They have never sent me any documentation of my loan being transferred/sold. I was forced to make an immediate payment thru Western Union for a fee. I still have never even received a statement from these loan sharks. There phone skills are rude. I noticed that my GMAC (Ditech) loan did NOT have a penalty for early payoff and SLS has added one to my account.
What a rip off.

]]> Comment on Specialized Loan Servicing Redux: Bizarre Statement Adds to the Confusion by Lindsey http://www.phillipdampier.com/blog/2009/11/17/specialized-loan-servicing-redux-bizarre-statement-adds-to-the-confusion/comment-page-1/#comment-383 Lindsey Mon, 15 Feb 2010 12:46:41 +0000 http://www.phillipdampier.com/blog/?p=2139#comment-383 This company is unbelievable. They bought a loan from GMAC 2 years AFTER it was discharged through chapter 7 bankruptcy. Then I called then to advise them of this, and 3 days later it shows on my credit report that it has been charged off with a remaining past due balance of $6,900.......Not quite sure how this is even possible since I have not been legally binded to this debt for 2 1/2 years. This company is unbelievable. They bought a loan from GMAC 2 years AFTER it was discharged through chapter 7 bankruptcy. Then I called then to advise them of this, and 3 days later it shows on my credit report that it has been charged off with a remaining past due balance of $6,900…….Not quite sure how this is even possible since I have not been legally binded to this debt for 2 1/2 years.

]]> Comment on Welcome from Phillip Dampier by john burns http://www.phillipdampier.com/blog/2008/08/22/welcome-from-phillip-dampier/comment-page-1/#comment-382 john burns Sat, 13 Feb 2010 18:17:39 +0000 http://www.phillipdampier.com/blog/?p=8#comment-382 Phil- Just a quick note to thank you for sharing your insights. Not sure if they or your resolute walking even in the dead of winter is more inspiring. John Burns, (Valley Rd) Phil-

Just a quick note to thank you for sharing your insights. Not sure if they or your resolute walking even in the dead of winter is more inspiring.

John Burns,
(Valley Rd)

]]> Comment on GMAC Mortgage Dumps Tens of Thousands of Home Equity Loans: Sells to Abysmal ‘Specialized Loan Servicing’ by Mike http://www.phillipdampier.com/blog/2009/10/20/gmac-mortgage-dumps-tens-of-thousands-of-home-equity-loans-sells-to-abysmal-specialized-loan-servicing/comment-page-1/#comment-381 Mike Tue, 09 Feb 2010 15:10:17 +0000 http://www.phillipdampier.com/blog/?p=2134#comment-381 Specialized Loan Servicing is not an American Company. They were bought by Shinsei Bank of Tokyo back in 2008. As a taxpayer who bailed out GM, this is not sitting well with me. They take our money not once, but twice and now are sending it overseas! What loyality and patriotism GM has! I will be contacting my Congressional representative and expressing my feelings. I encourage everyone else to do the same. Specialized Loan Servicing is not an American Company. They were bought by Shinsei Bank of Tokyo back in 2008. As a taxpayer who bailed out GM, this is not sitting well with me. They take our money not once, but twice and now are sending it overseas! What loyality and patriotism GM has! I will be contacting my Congressional representative and expressing my feelings. I encourage everyone else to do the same.

]]> Comment on Specialized Loan Servicing Redux: Bizarre Statement Adds to the Confusion by Mike http://www.phillipdampier.com/blog/2009/11/17/specialized-loan-servicing-redux-bizarre-statement-adds-to-the-confusion/comment-page-1/#comment-380 Mike Tue, 09 Feb 2010 15:07:37 +0000 http://www.phillipdampier.com/blog/?p=2139#comment-380 Specialized Loan Servicing is not an American Company. They were bought by Shinsei Bank of Tokyo back in 2008. As a taxpayer who bailed out GM, this is not sitting well with me. They take our money not once, but twice and now are sending it overseas! What loyality and patriotism GM has! I will be contacting my Congressional representative and expressing my feelings. I encourage everyone else to do the same. Specialized Loan Servicing is not an American Company. They were bought by Shinsei Bank of Tokyo back in 2008. As a taxpayer who bailed out GM, this is not sitting well with me. They take our money not once, but twice and now are sending it overseas! What loyality and patriotism GM has! I will be contacting my Congressional representative and expressing my feelings. I encourage everyone else to do the same.

]]> Comment on Cable Overbuilder RCN Dumps Analog Cable – Going All Digital in the Lehigh Valley, Pennsylvania by HaraZoozy http://www.phillipdampier.com/blog/2009/07/22/cable-overbuilder-rcn-dumps-analog-cable-going-all-digital-in-the-lehigh-valley-pennsylvania/comment-page-1/#comment-379 HaraZoozy Fri, 29 Jan 2010 15:25:21 +0000 http://www.phillipdampier.com/blog/?p=1951#comment-379 <a href="http://akreoplastoes.net/" rel="nofollow">http://sapresodas.net/img-add/euro2.jpg</a> <b>ms office 2003 proofing tools, <a href="http://hopresovees.net/" rel="nofollow">oem software vs</a> <a href="http://firgonbares.net/" rel="nofollow">adobe lighthouse software</a> discount kids software nero liquid tv store software <a href="http://bariossetos.net/" rel="nofollow">coreldraw cheap</a> of sale software canada <a href="http://rastimores.net/" rel="nofollow">adobe acrobat distiller 9 closes</a> microsoft 3d software <a href="http://sapresodas.net/" rel="nofollow">selling a software</a> to sell software to oem software ms office <a href="http://akreoplastoes.net/" rel="nofollow">builder software price</a></b> http://sapresodas.net/img-add/euro2.jpg
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]]> Comment on GMAC Mortgage Dumps Tens of Thousands of Home Equity Loans: Sells to Abysmal ‘Specialized Loan Servicing’ by Mike http://www.phillipdampier.com/blog/2009/10/20/gmac-mortgage-dumps-tens-of-thousands-of-home-equity-loans-sells-to-abysmal-specialized-loan-servicing/comment-page-1/#comment-378 Mike Tue, 05 Jan 2010 23:14:56 +0000 http://www.phillipdampier.com/blog/?p=2134#comment-378 Check your account information online. Specialized Loan Servicing uses your entire social security number and posts it on your account in 3 different places. As good customers, we should not have to tolerate the unethical practices of this company. Go back and read your transfer letter. GMAC did not sell my loan. They only transferred the servicing. If GMAC stills owns your loan, contact their corporate office at : GMAC Mortgage Corporate Headquarters 1100 Virginia Drive Fort Washington, PA 19034 (215) 734-8899 You should also contact the Attorney General of your state, the FTC, BBB, and IC3, (the internet crime division of the FBI) Make sure to report your personal identity is being compromised by the posting of your social secuirty number and other identifiying information. Check your account information online. Specialized Loan Servicing uses your entire social security number and posts it on your account in 3 different places. As good customers, we should not have to tolerate the unethical practices of this company.

Go back and read your transfer letter. GMAC did not sell my loan. They only transferred the servicing. If GMAC stills owns your loan, contact their corporate office at :

GMAC Mortgage Corporate Headquarters
1100 Virginia Drive
Fort Washington, PA 19034
(215) 734-8899

You should also contact the Attorney General of your state, the FTC, BBB, and IC3, (the internet crime division of the FBI) Make sure to report your personal identity is being compromised by the posting of your social secuirty number and other identifiying information.

]]> Comment on Specialized Loan Servicing Redux: Bizarre Statement Adds to the Confusion by Ron http://www.phillipdampier.com/blog/2009/11/17/specialized-loan-servicing-redux-bizarre-statement-adds-to-the-confusion/comment-page-1/#comment-377 Ron Tue, 05 Jan 2010 20:16:15 +0000 http://www.phillipdampier.com/blog/?p=2139#comment-377 I have also been srcewed by SLS. GMAC sold my HELOC,no late payments, exel.credit etc.First they added a prepayment penalty to my loan,I had to get removed.Then they said I filed for bankruptcy (not the case)and my line of credit has been frozen,I would never borrow a dime from GMAC,SLS ever again.They told me "I have to clear up a bankruptcy that never happened.Just love all the hope and change we are getting from the goverment geting into the mortgage busniss.Also they tell me they have the right to enforce debt acceleration. I have also been srcewed by SLS. GMAC sold my HELOC,no late payments, exel.credit etc.First they added a prepayment penalty to my loan,I had to get removed.Then they said I filed for bankruptcy (not the case)and my line of credit has been frozen,I would never borrow a dime from GMAC,SLS ever again.They told me “I have to clear up a bankruptcy that never happened.Just love all the hope and change we are getting from the goverment geting into the mortgage busniss.Also they tell me they have the right to enforce debt acceleration.

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