ASC... I did not choose them nor do I want to keep them

THIS COMPANY IS THE WORST.WITH ALL THE COMPLAINTS THEY HAVE,THEY ARE DOING SOMETHING ILLEGAL,NOT ALL THE PEOPLE THAT GET STUCK WITH THEM.SOMETHING HAS TO BE DONE

In Regards to the previous comment with the subject line of ASC... I did not choose them nor do I want to keep them- Working in the real estate/ title business I can tell you that unfortunately when you bought your house and signed those 1,000 documents the day of settlement I can almost assure in one of those documents was a disclosure from your previous mortgage company that stated you were required to Escrow your taxes. When a mortgage is bought out by another company like yours was all the same rules still apply to the new company. If you were a first time home buyer it is mandatory for you to escrow your taxes. (At least this is all true for the state I live and work in and I am pretty sure these rules apply to almost all states.)by requiring you to have an Escrow account through your mortgage company it lowers the chance of your home being put up for tax sale which means the mortgage company has less of a chance of losing profit from your home. Also, most companies will give you a lower interest rate if you choose to Escrow your taxes (not that it is that much of a difference, but every point counts).

Please don't get me wrong or think I am standing up for ASC because I have just as many problems with them as everyone else does. but unfortunately if you did sign that document at settlement, you are locked into escrowing your taxes until you do refi. And believe me, if a mortgage consultant wants your loan to go through bad enough they have enough connections to get an appraisal at the value needed. It may sound not so honest but unfortunately very little in the real estate business is!

My loan was sold to ASC. I hate them. Some of the customer no-service people are very argumentative. They charge to make payments online $10.00 and phone $20.00. Ridiculing. If you're late on a payment they charge for an "inspection" to see if you still live there, another $15.00. Just try to find a way to pay online. They have another website to make payments. But you have to call them to get it. I HATE them.

My loan was also sold to ASC. Last year we had a bout of financial trouble and called them right away. They agreed to do a loan modification and advised us not to pay our mortgage payments until the modification was complete. They declined the loan modification twice, and during that time sent us to foreclosure for not paying our mortgage. We barely escaped foreclosure after they finally approved the third loan modification and we were able to catch up, but not before they had tacked on $13,000 in fees to our principal balance, and ruined our credit. I've tried disputing the ASC reporting through the credit bureaus with no luck, and now it's impossible for us to refinance. If anyone has any suggestions, I'd love to hear them!

I was a first time home buyer and have to say that it is the absolute worst decision I have ever made. Had I been with any other mortgage company it would probably be alright but having ASC is a complete nightmare. I have been dealing with ASC for 25 months and it has been the worst 25 months of my life. This company has created a living hell for me and I will not allow it to run my life any longer. I have had them attempt to defraud me with incidents such as saying they did not receive payments even thought the money was electronically transferred every month the same day and recorded with the bank and with ASC and they have they audacity to drag out the so called delinquent payment for over 7 months with fees and harassing phone calls and letters. Eventually after proving inside out and upside down that I have paid the ridiculously high monthly payment, ASC finally credited my account. There was no way they could scam that one from me but they are creative and have found other ways to steal from me. My loan was in double digits to being with which has left me unable to pay the property taxes (taxes which incidentally I was told were included in the initial loan and of course were not. The mortgage payments have been more than my monthly income leaving me unable to pay the added unexpected taxes). ASC was so kind and set up an escrow which has added more than $1100 per month for 12 months for $3000 tax. That adds up to $13200 for $3000 taxes. Could I expect anything less at this point. I have been desperately trying to refi since day one of the loan (sold to ASC shortly after being established for a first time buyer). ASC has completely refused. Now with all the publicity regarding sub prime mortgages, ASC has decided all of a sudden that I may qualify for a loan modification for a fee of $2169.69. Nice, way to help when your down. I already pay $3900+ per month just to ASC for 700 square feet and my monthly income is $4200 per month. The math is easy. I have no money ever to even go to the grocery store or gas to drive to work. I work 13 miles from work and not having money for gas I ride a bike. What if I were not physically fit enough to do so, with all the stress ASC has caused me I will not be able to much longer. I have countless letters from ASC that are in reference to conversations they must have had with other customers because they do not have anything to do with the facts of the dialogs that led to the letters. It is amazing to me that this company can still be in business. I am currently planning to stop making my payments and hunt for a lawyer to make sure I am not screwed even more than I already have been. I could pay for the next 40+ years and never pay the balance of this loan. I have already drained my 401K and all other savings I had (HAD being the operative word) to pay the mortgage. No one should have to live like that. I tried desperately to do the right thing and negotiate with ASC to created a better situation so that I could continue to be a good faith customer (despite consistently being treated poorly from ASC). ASC has no interest in keeping a good faith customer for decades to come, they would prefer the foreclosure which would in reality cost them in the end. That is how ASC operates. I would like to file suit against them. After seeing the record number of people dissatisfied and lives affected by the ASC, I would like ASC to pay for all of us. If there is any way to organize a class action suit, I would love to get ASC back for the life they have stolen from so many people and families.

I don't understand how they get people to work there and treat customer that way. I was once fired because I told a customer a sink was installed incorrectly and then later refused to tell them I was wrong. In effect to lie to them. The only way companies can do these things is because the employees don't stand up for what is right. They just say I'm only doing what I'm told. Didn't the Nazi's say something like that. The leaders can only lead when they are followed.

If you wish to attempt to file a complaint/ suit against ASC you need to contact the Attorney General in your state. As far as everyone filing together, I'm not sure how that would work since everyone I'm sure is not from the same state. but contact your Attorney General and see what they say before you stop making payments and lose your home.

I am also a customer (not a lawyer) of America's Servicing Center (aka ASC) and have been reading on numerous message boards about the same situations over and over with customers of ASC. Such as Incorrect information given, misplaced payments, false information, lies and downright fraud.

Many other posters have mentioned an interest in a class action suit, so if you are a client of ASC and are having problems with them please email me (just once) about your situation and what ASC has done or failed to do. Please include the following information: First Initial and Last Name, City & State, When you got the loan with ASC or when they bought it, If you are behind in your payments how many months. And then your story. DO NOT SEND ME ANY PERSONAL INFORMATION such as account numbers or ss#!!!

I figure if I can get enough people together I can then (hopefully) find a lawyer to help with a class action suit. I am not guaranteeing anything and I personally cannot provide any type of assistance. I am not a lawyer, I am just in the same situation as many other people. We must come together to fight this company!!!

Please email your story to asccustomers@yahoo.com

I am a lawyer and would be interested in filing a class action lawsuit on behalf of a group. it is a long process however and you should know that up front. It takes alot of paperwork to file a class action and the evidence needs to be done prior to filing so deadlines can be managed effectively and the case not dismissed. The requirements for class action are specific but it sounds like the banking industry is due one to reform mortgage and lending practices.

Class Action against ASC...Sign me up, my email is j_a_w_23@yahoo.com,
please email how you would like to contact people. I have a couple
others who qualify for this class action cause. I know it is a long
process but it is long over due with all the laws protecting the lenders even when they are in violation. I am so tired of fighting ASC/Wells Fargo alone. They never do what they say. They are a foreclosure mill and it is wrong. There is no protection for the home owner/borrower. It is about time someone called this company out on all the atrocities they commit daily. The biggest issue with ASC is the mistakes with dates on letters and anything that has a number. They make so many mistakes that cause people to end in foreclosure b/c they have no idea how to fight back. ASC's errors are clear and if called out can result in so many people keeping their homes.

I have to add that I filed complaints against ASC and Wells Fargo over a month ago with BBB, Attorney General, Federal Trade Commission, and CORP.gov. The only feed back I received was what I already know. If you cannot make payments b/c the loan is 93% of the net income is ridiculous. I should never have signed the loan in the first place but was coerced by an even more shady broker who really had my back (kidding of course). I am now in this regardless of how it all happened and you would think that a lender would consider a person with more than tow years of paying on time over 90% of net income that it would be rewarded. It is only rewarded with increase rates and shortage escrows. They have no conscience and believe me I have been told so many times now that they do not have to have a conscience and do not have to help anyone. It is contract law, they are not obligated to change the agreement regardless of the fact the payments are not realistic. It is the broker who is responsible for that. However, the lender (ASC/Wells Fargo) claims to be accommodating and does receive the low Federal Rates designed for this very reason, to pass to those affected thus allowing the home owners to survive and contribute further to the economy. That was the purpose but ASC/WF has no intention of such things. It has to change in legislation where the protection is shifted to the borrower and less on the predatory subprime lenders.

ASC bought the loan that we originally signed with another company. I hate the way they have treated me and my family. WE had never been behind on a payment, until they got a hold of the loan. the first month they had it, we did not even know, we were still sending payments to the other company. When we found out from a phone call from the original lender, we called ASC they were rude, hateful, and negative, they said that because we were late that was a $57.00 late fee, we was not late, we were not informed. Since then, they have tried to foreclose on the home twice, the first time without merit, we was not behind, so they said they made a mistake, the second time we was behind a month, the month that we was behind cost me $12,700 in a month of payment, and THEIR legal fees, and now they have raised our payments by $400.00 a month. I can not keep paying $1350.00 a month, when i signed for a $951.00 payment, and on our credit report they have us as two months behind, so NO ONE will refinance until they say we are caught up, i pay a week early every month, and i don't know what to do. This company has SUCKED the life out of me, and ruined us financially. I don't know what to do. Someone help us please. We have also requested from them 6 times a payment sheet on the money they have received, and they won't send it.

THE COMPANY SUCKS IS AN UNDERSTATEMENT. SOMETHING HAS TO BE DONE WITH THEM. I AM WILLING TO JOIN WITH EVERYONE TO GET THIS COMPANY. I STARTED OUT WITH A PAYMENT OF 845.00 AND NOW I AM AT A PAYMENT OF 1495.00. PLEASE SOMEONE TELL ME THIS IS LEGAL. HELLO..... I AM STRUGGLING TO KEEP MY HOME BUT I AM GONNA KEEP ON AS LONG AS I CAN. PLEASE HELP....

Another victim of ASC. Attempted a loan modification- during that process they attempted to foreclose. I drained my 401k to save my house. It was a nightmare. How are they allowed to do business this way?

I am a borrower and a lawyer. I have had it with these people. There does not seem to be any way to deal with them outside of the courtroom. I am interested in being in contact with other persons who have had a similar experience. ATP@atphillips.com

ASC has tacked on an extra $239 per month for their snake-oil "wind insurance". There has been no official letter other than that I needed proof of coverage (which my insurer has faxed over numerous times. Count me in
FL2TUCSON AT YAHOO

When they bought our loan they added property insurance to us for $3000.00 because the old mortgage company didn't pass it on. They demanded we catch that up to take anymore payments. Because I kept faxing and mailing them proof of my own property insurance and didn't pay them the $3000.00 they stopped taking payments and put us on a payment plan. When they finally acknowledged my insurance I was told I would be credited but only got part credit and needed to pay the whole balance past due. Every time I called I was told the wrong thing and ended up in forclosure. I immediately called and set up to pay the entire past due out of my husbands 401k. I set up the payment over the phone and waited for the money to come out of my checking account but it never did. I called and they said they sent it back to forclosure again which just cost another $2000.00- I have been accidently sent to forclosure 3 times now and NOW again, they are trying to buy me property insurance again!!!@@@

i need help dealing with this company from hell please someone contact me they are the rudest company i have ever in my life delt with they are trying to get me to short sell i need help fast!!!!

I have had nothing but trouble from this company. They took over my loan 1 month after I refinanced and it has been Hell. I would like to hear from others that have had problems with this company and what they are doing about it. I would like to refiance but with the economy the way it is I'mnot sure it that is possible.

I can't believe their are that many families having huge problems w/ASC as I am. They raised my payment $500 and when trying to modify, it wasn't fun, denying my modification and only wanting to cut the added payment down by $100. If anyone has any ideas for help please let me know, I don't want to give them my house.

Has anyone filed a class action lawsuit against ASC as of yet? If so I would like the information. Thank God as of July 2008 my loan was sold to another company but I do need to get all the wrongs they did fixed with my mortgage. My starting balance with my loan at the new company is seriously $7500.00 HIGHER than the original amount the loan was for over 7 years AGO!!! My escrow was charged two times for $3300 in back escrow- we paid the original amount over a one year period which upped my monthly payment almost $300 monthly, then to get out of foreclosure status we had to pay that amount again AFTER we rec'd a notification from them that my monthly payment would be dropping due to the escrow shortage being paid!! And oh yes I have all documentation on this. The my new escrow amount that started with the new company is in deficit again after being paid two times- how is this???!!! Somewhere along the line my second mortgage has been "lost" it has disappeared no one has record of it... To get my home out of foreclosure I had to pay "appraisal fees" and some other fees that totaled almost $1800 the funny thing is my friend works for the law firm that handles foreclosures in my county and she researched my case- they never got to the point of sending any appraisers out to my home- it was never done. I have asked them for verification or copy of appraisal and they have never responded. If a class action lawsuit has not been started how do we go about doing this?

Good Lord I thought I was the only one dealing with this. I don't know if a class action would help me or not but I would like to try some dynomite at their offices. Not only are they horribly rude but they lie more than any politician. I have no advice for any of you but I habve learned that I will never get a loan that can be "sold" again. Once I get away from this company I will die before dealing with them agian. Goodluck to you all and let's pray we make it through and they don't.

ASC is unbelievable!!! They have screwed me over so bad. My house was up for sheriffs sale and the only way to postpone the sale was for me to do a loan modification. I am on a ARM and now my payment has risen from originally $508/mo. To over $700/mo. Plus they have added on so many "Inspection" fees because of a late payment and also started an escrow account because they called the assessors office and had the statements sent to them so they could pay and I would have to reimberse them.
How can I get out of this mess with them that I didn't even start???
Please HELP!!! curt_dude1@yahoo.com

WOW! To think that we're not the only one dealing with this fraudulent mortgage company. We bought our house in July 2006 with another mortgage and it was sold to ASC in December 2006. Since then our mortgage premium has went up about every 2 months. Recently, we received a letter from them stating that our school taxes went from $3,000 a year to $11,000. Of course, we contacted the tax department and was told that it was a mistake that ASC did. When we contacted ASC to let them know, they only apologized, but then said that we have to pay $100.00 more a month because of the tax hike. Not to mention that the school tax only went up about $100 dollar and change. Now where is the additional $1,000.00 dollars going???? Now they're stating that we cannot stop the escrow account because of the original mortgage clause. Please help us! With the way the economy is going, we don't think we can continue to make these payments..

We're in for the class lawsuit. Email me at wandy222@aol.com

WOW! Does it take this many people to see a problem. This company is out of control. I have been fighting them for 3 years, I have been "restructured 2 times, thrown into foreclosure 2 times, and I am on the phone with them every night!

For last three months I have been trying to send them over $4000 dollars in payments to bring my mortgage current (because they do not seem to find record of payments), my "certified checks" keep getting returned. (wrong address, $35 short, because of a late fee resulting from them processing it after the due date, not enough money)There is always an excuse. Everytime I call, I have a different answer, and a different balance on my mortgage? After returning my payments (certified funds) 3 times, they have now thrown me in foreclosure again; so I am required to call Trott & Trott (the foreclosure lawfirm owned by Wells Fargo also), then i am charged more fees if I want to save my home. Hhmmmm, does not take a scientist to figure out what they are doing. This is mortgage fraud! I am NOT a quitter and will fight this company, I love my home, but should not have to suffer to own it. If there is still an organization gathering, I am IN!

There's something terrible wrong with this company ASC/WELLS FARGO.l too have been trying to get a modification with them for 9month and still nothing so far. During this 9 month period,they've consistantly lied,misplace documents sent to them,and NEVER do anything they promise on the phone.l have stop payments since september and DONT KNOW WHAT TO DO ANYMORE.Please let all send letters to the fBI to investigate this company.Thy're simply scammers!!
Mike

THANKS YOU ALL FOR YOUR COMMENT I,FEEL YOUR PAIN , I AM IN THE SAME SITUATION LIKE YOU ALL. THE ONLY WAY WE CAN BRING ASC TO BOOK IS TO JOIN ALL OUR EFFORT TOGETHER, BECAUSE THIS IS NOT AN INDIVIDUAL FIGHT. WE NEED A REPUTABLE CLASS ACTION LAWYERS TO SPEAK FOR US. I ENCOURAGE YOU ALL TO POST YOUR COMMENTS.

There is certainly something wrong with this company ASC. I too have been trying to get a modification with them for 6 months only to get nowhere fast. Every time I call they don't have any notes from the previous phone calls, they have no record of ever receving our request for the modification. I have resubmitted the forms for a modification three times already. My last conversation with a ASC Rep was that my request was being reviewed. It has been a months now and I have not been contacted and it is still be reviewed when my house is in forclosure. Not to mention they wont take a payment until after the modification process is complete. I think they are trying to use up the time to forclose on my home once the time has run out. When my loan was sold to ASC my monthly payments were 1,500 and now it is 2,400 a month. I don't understand how this can happen. Please include me in on the class lawsuit.

If you respond to emails on this site you must provide you email because there is no way to respond unless we have separate email address .... I am happy to discuss escrow funds in excess of any reasonable expenses taxes or otherwise so that ASC can use the funds for free. arnoldtphillps@gmail.com

OK, we are in agreement that something needs to be done with this compamy. I am in TN and ASC did foreclose on me, only becasue I was trying to sell my house. My sign went up in November 2007, and they had an attorney after me by January of 2008. So if we can get together we stand a chance of stopping these people from doing any more. We really need an attorney that can handle this one!

After reading other comments about this company I have contacted an attorney who is willing to start some action. We need those of you to come together so we can start a list, and you can email me with your contact information at this time. I am trying to get something started so that we can take necessary action. My contact
harrisjl310@hotmail.com

I am a owner of a Real Estate investment company that usually helps people out of forclosure. I have never been late on my house payments to ASC until 1 year ago. I began contacting them 2 months before my loan recast and they refused to even talk to me.

I was told that I should not make payments then they will try to do something. The continually loose my paper work, do not return calls, do not receive my certified letters, always say that my paper work is incomplete not to mention that my calls are dropped on a daily basis!!! I do this stuff for a living and I have never ever delt with a company that has such poor practices. I am in for a lawsuit!!!! rjstupey@msn.com

asc is a foreclosure mill. trying to work with them is a waste of time and effort. they will simply take all they can take from you then take tour house in the end. wells fargo bank uses asc as a front so they don't sully there name. if you let them they will suck the life right out of you.

I'm in for a class action too. ASC needs to go down!!! gs400_pusher@yahoo.com

Hi. My mortgage is with ASC and also have been put off for months and months,repeatedly sending the same papers and they lose them, say that I still have to WAIT...wait, wait, wait...in the meantime I am broke, do not have money for food for my family these next two weeks etc... I am paying 2,600.00 a month for a 1100 sq ft townhome and we are sinking fast. I am in for the lawsuit.

Worst experience of my life. My loan was sold to ASC and at this point my credit is completely ruined with no hopes of refinancing elsewhere. Nothing but problems getting a straight answer, I can call 4x a day and get 4 completely different answers. We've pulled ourselves out of foreclosure once and going through it again. The first person I spoke with gave me the lawyers name and number and I would have to contact them to see if there were any options to lower my interest or modify my loan. HELLO???!!!! The lawyer only processes information, they have no control over my loan, morons! BUT this is what ASC is all about...Won't let me drop escrow that I never signed for them to take over (wasnt part of my loan) All of my statements are wrong, I call..different amounts every time. I give up. It is destroying me and my family and its just not worth it anymore.

Hi, all these comments are giving me hope. Our home loan was sold to ASC by Intervale Morgtgage Corporatin out of Cranston, RI in 2005. Intervale has been fined $1.8K by the Office of Thrift Supervision for unsafe, unsound, deceptive and inconsistant banking practices. Are you listening ASC? Since we went through Bankruptcy in July, 2008, we have been trying to negotiate with ASC to keep our home. We still live in our home and have not made a payment since Jan. We have had the sheriff's sale pushed back numerous times, made dozens of phone calls, left time specific messages for a return call, etc, etc, we still have not heard from our ASC appointed "negotiator", Shawna, we don't know what else to do. The only thing she's done so far is to mail us some "new" loan papers that are higher interest and payments than our original loan, and not negotiated at all. Plus they added on almost $30,000. in fees. We didn't send them back. I called and talked to "someone" to let them know we still had not spoken to our negotiator and were not going to sign anything. We just want to work out a reasonable deal to keep our home, this has been a nightmare. Every day wondering if we're going to have a home or not. One would think they would want to keep people in their homes instead of foreclosing and trying to sell the homes in this economy for a lot less money than they were worth 3 years ago. If there is a Class Action Suite filed against ASC it should include a monetary award for pain and suffering, our life has been hell trying to get answers. If anyone out there has any information or advice please let us know. Our email is gstevenmarie@charter.net.

WOW,this company known as ASC(AKA Wells Fargo)has more than proven that they really dont care about anybody!This supposedly American company is nothing but a bunch of communist that could care less about anybody but themselves.SHAME ON THEM!I first got my terrible taste of this shyster company back in 2004 when GMAC sold my loan to this company,right off the bat they claimed we owed a payment that we had already paid them.We had a cancelled check to prove this,but they fought us for several months to get this rectified,ultimately resulting in a false report on my credit bureau.It only got worse from there because they always claimed us in default of being current.So when we were able to re-finance in 2006 we happily did so.Well,we thought we were done with this crap company because Bank of America took over the loan.HA HA,guess what Bank of America did?Resold our loan right back to ASC,man what a slap in the face,but guess what ASC required to do the new loan?They made us get mortage insurance for $260.00 more a month to cover their rear ends,which by the way benefitted us in no way at all.What this did was take away from a supposed escrow to cover our taxes responsible to our county,which ultimately caused a negative escrow balance,which caused our payment to increase even more.Now I'm going to tell my most current predicament,ASC did a supposedly loan modification for us about 6 months ago,when they offered 6 different options,five which would have really helped(re-fi,extended loan,extended term,re-negotiate,deffered payments)but of course we didnt qualify for any of the five options that would help.All they did was roll over our past due payments into our principle amount which raised our payment over $600.00 a month.And they requested that we pay an amount to them for extension purposes,which I still dont understand because none of this money went to help our balance.Now its time to get dirty on how I feel about this totally non-American company,this company has never been able to give me straight answers on ANYTHING that really matters to me or anyone else in our great country,when I ask to speak with a superior at this crap company all I here is that these people are not accessible,which does prove the fact that their illegal activities are being proven more by the fact that they refuse to speak with us consumers who WILL eventually bring them to the proper level of fairness that the tens of thousands of us are living this every day,or (what I really want)is to see them fail miserably at the total lack of care in what they(ASC)think is the American way.All I'm seeing is greed,Greed,GREED!!!Shame on you for treating the real AMERICAN'S the way that you do.My house was built by my wife and I on our ninth generation farm,which we love and do not want to lose,we have all the reasons to fight your crap company and we are going to do everything within our power to make sure that you do what is right.By the way,your company owes us alot in back B-S promises,which hopefully we consumers will get.God Bless America,Lets take down companies who could care less.

Well, I am going through what everyone else in America is going through. My husband lost his job and I immediately called ASC. They immediately said that I did not qualify for any programs they had. I have sent financials through the mail on 3 occassions now, not to mention the numerous calls in speaking about my finances and still I do not qualify. However, I continue to get letters saying "let us help you" and nothing has happened. I owe 225,00 on the home that is worth almost half. In fact the house next door was sold for 325,000 and now is on the market for 115,000. How is it another company approaved a short sale for my neighbor but ASC will not work with me? It is frustrating and just upsetting. Do I keep sending in what they request or just walk away? It seems that they are only asking me to send in these packets as a show and nothing else.

enough of these postings we need to do something about this company and fast. They forced my home into foreclosure without telling me.I have been trying to get a modification for a year.same story as everyone else.help help help

MY E MAIL IS RED2720L@NETSCAPE.NET
I JUST POSTED COMMENT ABOVE THIS ONE EMAIL ME IF YOU CAN HELP
LINDA ACEVEDO

OMG! Have you all thought about contacting your local news station and telling them your story so they can investigate? I would think also Fox National news. That is what I would do! I am sure the FBI needs to be involved as well. We have not have had the extent of trouble you all have had but you better believe that if we will in the future I will join your class action suit, plus do all that I have stated for you to do above! They will go down! I dont want to keep our home at this point. I was so much happier when I was renting and that might be the best option. I rather a stress free live then to be tied down by an investment that can go wrong at any time for any reason and destroy my financial life not to mention my mind!

My question is I called asc and they told me to avoid loosing my home and to try to do any type of refinancing i would have to get ahold of "city group" no number address nothing they said that's all they could tell me that they were my investor. Also wells fargo was brought into it is wells fargo also america's servicing company? Anyone with any information please email me I'm at the end of my patiences very stressed and not sure what to do anymore... I don't want to loose my home.

ASC is Wells Fargo and has been for quite some time. For some reason that was hidden for a long time. Why did they tell you to call City Group? Is that your investor?

Add us to the list for the class action lawsuit. My daughter's mortgage with ASC is at 11.5% and they say she doesn't make enough money to qualify for a modification to a lower interest rate. Go figure! As everyone has noted, this company needs a good lawsuit. We are in Washington state.

From Miriam again, my e-mail address is writeron@hevanet.com.

Right now I am being told that FCL's are on hold and they are reconsidering modifications. Since the recent stimulus package, I have resubmitted my documents to ASC and they are looking it over to see if I qualify. I am going to exhaust every option I can with them hoping for the best but expecting nothing.

I had my mortgage bought by ASC, as well. It has been a very difficult homeowner experience from that point on. They randomly call my house to get me to make payments over the phone for a fee, saying I am late on payments, when they are not yet late until after the 15th of the month. They just increased the payment to cover the escrow account, again, and I am starting to wonder if they are mismanaging it. I am currently looking to refinance or modify my loan, and will not voluntarily do business with them again. I would like to be included in any class-action suits.

Thanks,

Kristi Reimer Hadix

Companies actually can call after the first because the note does say the payment is due on the first. However, usually all companies give you a 15 day grace period but it is annoying to have them call.

Recently my friend got ASC to offer her a modification. It does not correlate to the recent activity brought by President Obama. They offered to drop her interest rate from 6% to 4.75% and her payment would go up 106 dollars. She got behind because she could not afford the payments any longer and has been asking for help even before she got behind. Now she is realizing that she will end up losing her home that will sell for less than half of what she owes when it goes to FCL. Oh, well it seems we will continue to have empty homes, people renting or homeless with banks losing money.

Hello every one! Please add me to the class action. My e-mail address is arinacarina@yahoo.com

I am sure that there will be a lot of people on your list!

Loans were bundled up and sold to different loan servicing companies. That is why it is so hard to track the actual bank which represents your loan. Does that make sense?

That is why there is so much confusion and why it would be easier fro Freddy and Fannie to step in and buy the properties in danger of Foreclosure instead of the money going to banks or loan servicing companies. You will have a better chance of getting involved with “Hope for Homeowners” more so then trying to modify any thing with any bank or Loan Servicing Co.

Add us on the band wagon. We are currently in foreclosure with no relief in sight. My B/F is an above the knee amputee who lost his job in Dec. 2007. Instead of working with us, they just keep adding on to what we supposedly owe them. Would love to see ASC go down! They are very rude and inconsiderate people, almost like robots with no feelings whatsoever.....IS THIS STILL AMERICA? Our email address is hog1@verizon.net & puglisi_c@hotmail.com

Our loan was sold (most recently) from GMAC to ASC a couple of years ago and luckily we do not have our taxes included, but still have had major problems with them. We have NEVER been late on a payment, but mysterious extra charges appear on our statements. When we try to call we get transferred, put on hold, given the general run-a-round with each person we speak to giving us a different reason for the fraudulant charge. Count me in on a class action if anyone is moving forward with that--h_l_mclean@yahoo.com. Good luck to everyone!

The banks got all that money, and they refuse to do any thing!

Besides the class action lawsuit, I am also writing a letter to Pres. Obama to let him know that, after all that money that was given to the banks, the banks still do not want to do what is right! They are greedy bastards!

They still refuse to work with us! I am taking it in my own hands because I can not just sit by and do nothing! It is not even about the home any more it is about the PRINCIPAL of it all! I would urge you to write a letter to the President as I have done! No one is listening! SOMEONE HAS GOT TO HEAR US!

The banks will go to hell one way or another! I am convinced of it! Good luck to you all!

My NC State and US Government Laws have been violated which has caused both me harm. Situation is many, been looking for representation since 2008. I have come into many obstacels. I have the some of the same issues as other have written. Just to name two are FDCPA and Premature filing of forclosure procedings, there is more but due to security reasons I donot want to disclose very much at this time. My loan is with Wells Fargo Mortgage and need a Lawyer, individually or better yet a Classaction Lawyer experienced and knownledgable that want to help us percue this case out or in court. Just want to say that the Mortgage Comany is still 5/2009 charging me late fees when they are receiving money on time, non compliance with correspondence mailed to them requesting that extra payments go towards escrow. Please Lawyer or Law Firm Help me and many others who I have read are facing some of the same problems. Otherwise, the US Government Laws will keep being ignored by violators and abusers of our rights. Please respond to me at Tykaturah@msn.com Thank You for granting us with your help.

for the above just posted message my email address is tykaturah@msn.com with a small t not capital T. I just wanted to make the correction.

my story is the same as everyones and more!!!! count me in to a class action suit

Maybe we should email this whole colum to Obama!!!

Better Yet maybe we can get enough people and come together and tell a Attorney that we each have 100 bucks to send him or her if they Start and represent the Class Action lawsuit for us that gives them some funds to get started. It seems like we have enough people to come up with a good retainer!!!!

We were only one month behind on our adjustable rate payment when I tried to get them to modify our loan and all they did was give me the run-around! I couldn’t believe it when the guy on the phone (he was a big jerk!) actually said that my family shouldn’t eat so much because then we would spend less on groceries and would have more money to make our mortgage payment! He also said we should get a cheaper car and a bunch of other stuff that was really rude. This whole thing was keeping me up at night worrying about what was going to happen to us. I told my friend at work about this and she said I should call the loan modification company that got her loan modified down to 3.25% fixed interest rate! I finally decided to call them, and in about 45 days they got my interest rate down to 3.85% on a fixed rate too! The company is First American Financial Group and we are really happy with what they did for us. The website is theloanmodfacts.com. We chose them because they didn’t make a bunch of promises like some of the other companies and they had a 100% money back guarantee. I hope this helps some other people fighting with their loan company!

Hello every one! Well? We were told that we do not fall in the class action law suit category! Which is fine, if we do not we do not how ever I am not going to be subjected to any of it any more. For me, for us, in our case, we no longer want to have ASC in our life. The condo we bought in 2006 for $254,000 is now worth any where from 80,000 to 130,000. Any way we are doing a short sale and getting rid of it. It is for the best because the builder turned it into a rental community because his bottom dollar is more important than his clients. He will get what is coming to him I am sure!

We would rather sell the damn thing! It has been an omen for us from day one! Maybe we will go buy a home later.

Homes here that once were $400,000 are now $250,000. Or we can rent a beautiful home and not worry about association fees, other expenses, taxes, and so on and so on! So for us it is a win, win situation. ASC gave us an option for loan modification for April, May, June, and July at $2,100 a month. Our mortgage was $1,400 before it went to $1,700 when taxes were escrowed in, and now they want all the back fees, and penalties. Here is the kicker! For the month of August they want $31,000. That is right I said thirty one thousand! Because what the hell? Every one has $31,000 lying around! Don’t you?

Obviously no one force the banks to do any thing or work with any one! The banks got the money and ran. We live in a country filled with corruption and greed. Sometimes it is best to just simplify your life! I am so glad we are doing just that!

To the person who was talked to rudely by the ASC representative. You know, they will go to hell one day. You should be happy in the knowledge that you are a good person and that thought will carry you through. Never focus on a negative person and their words! They will suffer horribly one day. Best of luck to you all.

The deal is ASC didn't buy anyone's loan. They service it. Remember when Wells Fargo CEO testified in Congress that Wells Fargo is proud they didn't participate in the predatory lending practices? Here's how it works, I refied through Colorado Federal Savings, owned my home for 20 years. I'm self employed so my income was hard to prove but they refied me anyway with $20,000 in closing costs. I to got an option arm at 7% with a prepayment penalty. I to tried to refi before the crash and they told me I'd have to pay 50K. Anyway here's how ASC works, Colorado Federal Savings bundled all the sup prime mortgages, sold them to Deutshe Bank, Deutshe pays ASC to service these loans. ASC is simply a front company for Wells Fargo. ASC doesn't lose a dime when they foreclose on a home. They hire Foreclosure Factory Atty's in the state they'll be doing business and they get paid regardless of whether the investor loses. ASC however does not get paid if they modify your loan. These guys are bulldogs and their corporate office is in Nebraska. I think when you speak with a representative from ASC and get a name, it's a ficticious name. My situation is much like all of the posts on this page, I'm behind, got hit by the economy, have been trying to negotiate with ASC and I'm losing my home of 20 years in July. I owe 260K on the home and the recent appraisal came in at 140K. I spoke with an atty and he said I should have contacted him sooner. But like many of you, ASC had said they could work out a loan modification, the whole time continuing the foreclosure process. Each time they denied my modification, the excuse they used was that I only made 400 a month. They refuse to look at the 1040 which states I make 33K a year. The last time I spoke with ANGIE at ASC she said congratulations you've been prequalified, send us $4466.88 via Western Union to stop the sale of your home. I asked if I'd get anything in writing and she said no. I asked what the terms of the modification were and all she'd say is I had been prequalified and that I'd have to send in the same documents I had sent over 5 seperate times. She said it was up to the investor. These are the type of people who'd take the tin cup from a blind man.

My two cents:
- ASC screwed up my taxes and wanted me to send them around $10,000 to correct the error. Long story short, I now pay my taxes and insurance. They fought me, but I didn't give in.
- Following the Obama plan, I contacted ASC to refinance. Keep in mind, I called a few months after the Obama plan was announced. ASC's reply: "We're evaluating how we're going to participate." Give me a break!!!!
- Yes, ASC sucks!!!! No question. However, the Democrats created this home mortgage crisis and now Obama is making it worse. We're all suffering. However, Obama 1) eats steaks that cost $100 a pound, 2) has date night in New York and Paris, 3) has a pizza guy flown-in to the White House from the mid-west to make him a pie. This is not a complete list but to add insult to injury, we paid for all this!!!!!!!!!!!!!!!!!!!!!!!!
How do you spell hypocrisy? O-B-A-M-A!!!!

First of all let me just give you some good contact info for ASC website; mortgageaccountonline.com there phone #is 800-842-7654. I haven't read all of the posts but what I have read seems to be par. Our situation is very similar to the rest of you all and I am so sick and tired of it that we have decided to let ours go to foreclosure. It may hurt our credit but hey what the hell we cant get a piece of gum financed right now thanks to ASC so what the hell. Today was our foreclosure sale, 1 person showed up to buy the house, this is a small community and I of course knew them. Anyway, they postponed the sell for a few more weeks which pissed me off, I have been stressed out to the breaking point for the past few weeks and I just wanted it over with because in the end everything is going to work out for us thanks to my family.
I decided to call ASC to see why they put it off and was told they are looking at other options to help us out on our payments. I told the guy that we cant stand anymore help from them because our payments has went up from 700 to 1000 since they freakin helped us and now with 1 income and 4 kids we dont want anymore help.
i told them i wanted to sell to sell to these people and they call it a short sale which is dog crap because you cant sale to friends or family because they think they will turn around and sell it back to us for cheaper than what we owe ASC. Guess what you bunch of freaking TROLLS! We can't get a loan for any amount of money because you have helped us so much it's ruined us.
I ask to speak with the manager or supervisor and he finally give me a name of Patty, I ask who Patty's manager was and FINALLY got a name of Brian Belcher out of him but he fought with me for 30 minutes (no joke) abt why I wanted to talk to him and never would give me his phone # or even transfer me to him or his voice mail.
My reply to this idiot before I hung up was that I have worked with you guys, I also know that it will cost you or Wells Fargo or whoever about 50% of what is owed on our account or what its worth. Since I have tried to work with you and you want to act like this I hope you and your co-workers are hungry because you are about to eat all these charges you are packing onto my account because it will be a cold day in hell before I pay another dime...OH! and guess what? As bad as I want to resolve this and move on with my life without you....I'll find me a nice attorney that will tie this damn foreclosure up for 2 years.

after my mouth full he asked if I could be put on hold....curious I said yes.
When he came back he said that Mr. Belcher was out of town on business (Of course he is, I wouldn't have expected any other response) and his manager was gone for the day but he could transferr me to her voicemail if I would like for him to.
I said....Nope you've pissed me off...it's on!
I hung up and haven't heard from them. My goodness these people need to be put in their place and they are so arogant because they know that they can and have gotten away with this stuff for so long. There time is coming and everything they have done to all of us will be reaped. God doesn't allow rewards for people like this for long. Maybe he's letting them get real good and comfortable and then he'll smack 'em up side the head. (I like to think so anyway).
So I guess we will see what they come up with in July at the next foreclosure sale and go from there if I can't figure out something else before then because I will not allow them to take another penny from our family.

One more thing, You can't blame this crap on Obama. I have had trouble with this company since 2005 and with the plans Obama has created to try to help....ASC won't do them anyway. It's ASC and Wells Fargo that needs to be blamed for their choice to hire a bunch of idiots to train the monkeys to answer the phone, scratch their butt and say no

Hello all. It took my husband and I, a long time to get over our frustrations and anger about our home and ASC. Honestly I realized that they are not worth it. Our health and our mental well being are more important than the stress they were causing us.

We are in the process of a short sale now. It has been over a year since we have been waiting for a resolution to the problem with ASC. My husband and I do not worry about them nor think about them or our home any more. We moved out and are now renting a beautiful home. We feel blessed that we will no longer have to deal with that incompetent Company any more.

A foreclosure and or a short sale look similar when trying to purchase another home on paper but that will not be for long, because laws will be changed and applied differently since there are a lot of people in this situation and it will take less than a year or two to purchase your next home. At least this is I have heard will happen as I also suspect that we will rebound out of this sooner than all of us think.

They are not worth the stress. All of you should know that the anger, pain, sadness and stress are not worth it because in the end we will all be better off with out them.
Hopefully by the time we are all going to buy a home again they will be out of business and we will not have to fear having them as a lender or loan servicing company ever again. I for one am relieved that I will never have to deal with ASC again. What is meant to happen will happen, I am not worried.

I will like to join if there is going to be a lawsuit against this company.I'm in 100%
Karina

wow...I am just starting down this road (just took on my aged father's healthcare costs) and cannot pay my absurd mortgage. I should have never signed as the payment is more than half my income. I, like many of you, thought I could just refi out of it as the value went up only it fell...sharply, and is now over $120K underwater! I am SO glad I read all this. Many of my friends have gotten loan modifications from their lenders but none of them have ASC like I do. I agree that you need to seperate yourself from the stress. I have purchase money loans with a deed of trust (not a true mortgage)which you all should know here in Calif have NO RECOURSE! If I walk the bank eats it. Period. Not me (except for the damage to my credit which as mentioned above won't matter in a couple years after I save up a down payment for a new house with the difference by paying rent instead of these high rate mortgages!) I am not playing games here, they will either give me a 30yr fixed market rate loan or I walk. End of story. They will incur approx $200K in loss and expenses to get their money out of the property after I bail so why on earth if ASC took the TARP money wouldn't they want to come to the table and work this out to keep me in my home??

Jeff, to answer your question, because they are the Devil! I am waiting for the short sale to go through for a buyer with cash. I just can not wait till it is over and it will be soon! I do not know what to say about your situation! The way I see it is, I would rather give the shirt off my back to get rid of the Devil. Good Luck!

Well, I have not voiced my opinion on this issue for quite a while, why, I cannot explain. One thing that's for sure is that ASC cares about NOBODY and only want's our precious home's, of this I definitely don't have a clue why. In my situation we have an FHA approved loan that offer's a short payoff (not a short sale) which will make them (ASC) more money than to go for a short sale. It is obvious that ASC is full of complete idiot's right up to the executive's of such a shyster company, we are in bankruptcy as of this posting and you would think that they would want to do whatever it take's to recover at least some of their money, which would be to accept our government backed offer, which they flat out denied. My family and I are ninth generation on this family property that we built on in 2004, we are definitely not willing to just walk away, my wife and I spec built this house and are proud to have done so, this is something that has been our life long dream to do and this total crap company (ASC) could care less. And by the way we never accepted ASC as our mortgage company, they got thrown upon us by other companie's selling our loan, which in my mind should also be considered criminal activity. I am lost that there is not some kind of intervention to prevent this from continually happening to all of us with no way to stop them. It is obvious that a class action lawsuit is not happening because they are still getting away with this criminal activity, I also don't know if everybody concerned know's, but ASC is OWNED by Wells Fargo, which showed a 2Q profit, maybe that explain's why they could care less. My idea on this is to not bank with Wells Fargo or Wachovia (who got bought out by Wells Fargo) because they are the actual criminal's who back this piece of crap company. These are the fact's and I hope this information help's somebody because it is obvious that it definitely has not helped me.
David Lindsey

I feel for you David. That is so horrible! In your situation, stick it out you will prevail! ASC and all the other banks for that matter are in the business of making money not to care about us. This is the unfortunate cold harsh truth. They are all corrupt and they are all evil. The best way to beat them is not to have to get a loan ever with any bank. You have the cash you buy, you don’t? You rent! Why? Well when you ask for a loan and they give it to you? From that moment on they own you. That is what I have learned from the whole financial crisis. All the best.

Well I finally lost my house. ASC sold it to a third part for much less than what I owed. I am sad because I tried to work with them to get a long modification that would have given ASC more money than the FCL. I will move on because it is life. However, I did want to share a happier storier which is my friend who hired a second lawyer to help her out of her mess. She lives in Moreno Valley CA and the lawyer was able to negotiate with ASC to save her home. She is waiting for the contract but her payments will be half of what she is paying and in order for the contract to be valid she must make three on time payments in a row. I am very excited for her and actually her neighbors. He has helped five families on her block not all with ASC but her loan is. Maybe there is some hope, so never give up until the end.

Hi There: I have been sitting here reading from top to bottom all of the issues that you folks are having with this company (ASC aka Fells Fargo)that I justlost my appatite for breakfast. The worst thing I have to say is that I am just getting started with the problems that all of you have and are going through. All of the above problems that you've had I'm beginning to go through. I'm not so sure a class action suite will do it. I think they need the feds sicked on them like freddy and fanny. How many of all you folks are from california? Enough said to all of you. Good luck

I too, have a sad sorry about ASC and Wells Fargo Bank. My parents were sold into loans that were very bad a very bad mortgage broker in November of 2005. It has now been four years dealing with bad attorneys. I sued the morgage broker, but the attorneys sold us out for their fees. We are still trying to get a modifications from ASC/Wells Fargo. This is our third time. We were approve once, but the intitial contrubiton was almost $15,000 and at the time we did'nt have it. We were told by the attorneys to walk away from this property. What kind of advice is that? I need help with a foreclosure attorney is the Chicago area. Our defense attorney let the mortgage company's attorney win on summary judgement in December of 2008. What can we do now? Please help

Gosh...unlike in the case of David where the land has been in his family for generations, I think everyone should do a short sale if at all possible, if it is your primary residence and it is your first short sale that is...get out of it! Get rid of it! Start over!

There are some unbelievable homes and prices out there right now! Plus in 90 days your credit will be cleaned up. If something is so hard to keep and it is such an omen get away from it! It will only get worse, you will only become more desperate, and stressed and angry. As you get more stressed and desperate the more you will lose your view and people will take advantage of you. There are many people ready to pounce on the less fortunate to take advantage of. Do not put yourself in a position to be taken for a ride at such an unfortunate time. Stress and anger will only deteriorate your health! Is it worth it? I do not think so. There are much worse things that can happen in life, than to lose a house. Much success to you all.

I would like to join everyone when I first purchessed my property in 2004 i had another lender and my loan was sold a couple of time and ended with ASC wich i found out it was owned by wells fargo i never agree to get loan with then i don't know why they can sell our loan to anyone they want and i hate wells fargo band for 30 years they are hearless,theaf,and have no mercy and i got stock with them because i didn't want to spend $ 5,000.00 or more and refinance with another company because i knew if things would go bad they would never help you with anything i am thinking now they should pay all of us that switch us to ASC(wells fargo) pay for all of our cost of refinancing and the qualification should be the same as when they switch our loan because now is almost inposible to refinance.I have been on disability for almost one and half years and because of my injury i cannot do the same work i am on unemployment i have been always on time on my payments and they sent me the letter a month ago that my payment is going up $450.00 a month and i told them my situation and asked them if they can keep me on the interest only for a while longer until things would change for me they say no and they can't do anything only thing is to refinance which i can't do because i don't have a job plus the cost of $5000.00 that I would have to pay that would increase my payment or loan modefecation that is basecly the same thing and they don't know 2what it would be or how long would take. so i don't understand all the money that they got from Obama to help home owners where it is and all the money that we paid to bail them out how easily they got it with no hardship and see now they got our money how they are treating us. the money that they got if every body in the country got $ 1,000.000.00 it would v'e still be left over money and we would ve know how to spend it and keep our homes and stimulate the economy and create job instead feeding these basters that have no mercy for anyone except themself and that is mainly bank of america and wells fargo bank so i am in this law suite with everybody.