Countrywide Home Loans - I also lost my home to predatory loans with Homecomings, Countrywide and InstaLoan
Countrywide Homecomings and InstaLoan fraudulently induced us into procuring 3 predatory loans:3 high interest rate, adjustable mortgage loans with high prepayment penalties. In less than 2 years, we lost the home (along with the 200.000 dollars or 20% down payment, taken by them as cash-out from the refinance of our separately owned family homes!).
Instaloan, Countrywide and Homecomings' fraudulent, unprofessional and unethical conduct has subjected us to paying outrageous and unnecessary amounts in monthly mortgage payments.
They took advantage of our trust. It is our belief that InstaLoan, Countrywide and Homecomings did so in order to get high commissions.
Reason of review: predatory loans scam.
Monetary Loss: $100000.
Preferred solution: Full refund.