Can anyone help us with Taylor Bean and Whitaker, we need it

My self and others are in a law suite with TBW at this time please contact me we need more people.

Phone 254-977-4731

They are illegally foreclosing on people.

please call ASAP

I need anyone going thru the same situation with TB&W to contact me.
What they are doing to us all is illegal. I am currently in suit against them.

Rotten people- mostly the Corp leaders. Farkas & Bowman are lying crooks- if you are not homosexual you dont stand a chance in that org. The Tres Ms. Brown is cooking the books.

I had Taylor Bean for a year, I lost my home to them (foreclosure) in April. We fell behind on our Mortgage due to a loss of a job. When we tried to work with them they put us on a modification plan for four months. We paid on time, and when it came to the workout time I could not afford a higher payment (as he had left) I offered to continue paying but I could not take an increase. They said the only way to keep the home was to add on $350 a month to the payment. Making my home for a then single mom (he left) $2900 a month. I'm not sure if that situation can help at all. I did lose the home and loved that home.

My daughter who is a single mom is about to lose her home to Taylor, Bean & Whitaker. She was behind, so they put her on a payment plan whiach is so high she can't possibly make it. If there is a lawsuit I would like for her to join in.

My daughter who is a single mom is about to lose her home to Taylor, Bean & Whitaker. She was behind, so they put her on a payment plan which is so high she can't possibly make it. If there is a lawsuit I would like for her to join in.

Has anyone fell victim to the " we have no record of hazard insurance so we took money from you escrow and purchased a blanket policy" After you proved to them you do have insurance. They did this to me plus paid my school tax twice. Then they tell me I do not have enough in Escrow so they raised my payment by $200.00. When I pointed out that they double paid my tax and the insurance was in fact there they tell me they need to request a refund from my county in order to fix the payment. Guess what I am now stuck paying the extra for their screww up. I think this a fraud because no two people at TBW give me the same story its always something different. If this has happened to you please contact me. I am looking to see if class action can be created.

I paid my loan on 8/29 one hour at 2:00 PST. They told me it would not post until 9/2/08 and it would be reported late to the credit bur.
Is this legal?

Like someone said, it depends on who you talk to at TB&W. I am in the PST time zone as well. In October I made a payment that was due the last day of the grace period.I saw a late charge show up in November. I called and they said a payment recorded by 4:00 EST is on time.I asked them to look up what time I paid it. They stated 10:30 am EST. When I challenged it, it was ignored.Is it legal? Probably because they make and twist the rules and are doing everything they can to make more money.
I will never pay it.I purchased my home for $230k when it appraised for $235k. Now it's worth $133k. Because I only put $25k down we had to pay mortgage insurance for 1 year, then 2 years and now because the home value loss to equity it will never be discontinued. theres another $100 per month in those greedy peoples pockets.

I feel your fear and frustration and I was toloosing my home. Do not wait, be proactive. Help is available. But if time is of the essence, file a chapter 13. Most lawyers will work with you on their fees.

i have the same problem about the escrow account. and they are trying to get me to do the loan modification.

We are currently behind on our mortgage and are seeing foreclosure I called them on several occasions before I fell behind and they would not work with me when we bacame two months behind because of decrease in pay due to economy I sent them a payment in the third month and they sent it back and proclaimed if I make two months payments the one they sent back and this month they will just add the two months into 6 monthly payments raising my payment $600 more a month! These people are crooks and don't care to work with people so they can keep thier house! We did not overspend or live beyond our means we did not overpay for our house we fell on hard times and lost more than $1000 a month due to economy! My question to whoever has went into foreclosure with this bank is how long do they give you from the moment you fall behind to get out?

This company has conintually charged me fees for missing a payment (that I've not missed), wouldn't let me make partial payments and refused a payment plan that they set up themselves, then won't accept a full payment either. If a class action comes against them, I sure want in.

We're are in the process of filing for bankruptcy and I'm trying to become current on my mortage so we can file chap 7 instead of chap 13. Taylor Bean has not been too helpful! I submitted the loan modification paperwork over 3 weeks ago and have heard nothing. I do not want to lose my home. I have about 75% of what I owe to become current yet they will not take partial payments. Any suggestions?

I actually got a loan mod from TB&W, What they did was add the payments I owed to the end of the loan.(of course that charges interest twice)yipee. What they neglected to do was change current mortgage % rate, lower my payments or anything else that would have been beneficial long term. Now I must say it was neither easy or pleasant working w/ them. Now we are back to square one again trying to afford to pay let alone in a timely manor.I feel Im subject to predatory lending since they used OT hours as income, and our credit score was questionable as well, who do I contact for info on that?

TBW wants to finance a loan for me, but after reading these posts I'm not so sure. But one thing has me puzzled. How is it that all of these complaints are because of falling behind on payments and everyone is mad at TBW. From my experience, when you fall behind, ALL Lending institutions get "fuzzy". But the quote of the day to me is "I feel Im subject to predatory lending since they used OT hours as income, and our credit score was questionable as well". You just admitted that you yourself realized that you were questionable to begin with but now it's someone else's fault that they took a chance on you? Oh well. after all that, I still may shop somewhere else.

In response to the last post by jay bee. TBW, took a chance on me?
That's what the meaning of predatory lending is......mortgage companies who give people loans that they cant afford (convincing them they can)and then foreclosing on them. Hey you wanna use TBW, thats cool, but if you think that theres a chance YOU might default, better keep shopping.

Yes, I am another tbw customer. I wished I would have found this b-4 signing the papers.I too fell bhind on payments due to an injury at work. They also sent back payments W/ a letter saying "insuffent funds".They also cost me about 400.00. They were surpose to pay my insurance in april and didn't.they finally paid a new company in August. But course it was more than what I had in April.

yes iam involved with tbw they did load mod now they want to raise my house payment and have me sighn papers for a high loan then my house appraised for when i sighned papers when i got the loan of them i hate these ppl dont know what to do

I AM ALSO BEHIND IN MY PAYMENT, I SENT IN 8000.00 EIGHT THOUSAND DOLLARS TO BRING UP MY PAST DUE TO ONE MONTH BEHIND AND THEY SENT THE PAYMENT BACK AFTER COUPLE OF WEEKS. I AM CURRENTLY WORKING ON A PAYMENT PLAN WITH THEM, EVERYTIME YOU CALL SOMEBODY IS TELLING YOU SOMETHING DIFFERENT. I ACTUALLY PROMISED TO PUT SOME MONEY.SOME ONE PLS TELL ME WHAT TO DO.

My husband and I not only fell victims to "mortgage fraud" from Taylor, Bean & Whitaker out of Ocala, Florida, but also the realtor/Great Commission Realty/Gilbert "Bud" Jones, Oakstar Bank/Executive Vice President/Julie..Their appraiser Mary Kym Craft..Their "fraud manager" Craig Weitzel promised to make it right for us, if the home came back as a one bedroom and built in the 1800's.."Well it did!" and TBW backed out on their promise and foreclosed on 10-06-08..The home was suppose to have been at least a two bedroom, built in 1954 and all the proof is there in "our favor"..TBW as well as the others I mentioned are "lowlife, rotten, thieving, pathetic liars"...What will happen then is your complaint will be on "all search engines" which is so cool for the public to see..When you go to this site and registered, in their search bar type in: Great Commission Realty and you will see "our" complaint "or" go to your "search engine/browser" and type in: Great Commission Realty.."Yes we would love to be part of this suit!!".."Thank You"..Don & Wanda Reed..Kingman, Az.

I'm with the whole lot of you. I fell behind on my mortgage payment when I lost my job in March. I was told my a Stephanie in Loss Mitigation that they would be sending me a work out package....instead, I got a letter from their attorney saying that they were initiating foreclosure. I haven't slept a wink in nearly 8 months, but I haven't given up this fight. Shit happens to all of us and there are few who keep battling. I was very lucky to find a company that is going to help with saving my home, AFS. NOT by giving me free money or handouts, but by strong holding the mortgage company into a lower interest rate for 5 years. We'll see what happens! Feel free to check it out. Good luck and god bless all passengers in my boat!!

I also am having issues with TBW but not as far as foreclosing. I had TBW for a little over a year to find out that my FHa Loan was never insured when i tried to talk to them they more or less said they couldn't help me so i had to get a lawyer then i was fixed within hours. Now i find out that they haven't paid my Real Estate Taxes or School Taxes they tell me its human error and that they will try to get to the bottom of it but it my taxes do not get paid they will send them to the Tax Collection Bureau. This mortgage company has been a complete nightmare and i am at my wits end something needs done about the way they do business.

I have TBW for over two years now and looking at doing a foreclosure. I have filled out their Loss Mitigation Packet and sent it a week ago. Do you know how long it takes for somebody to respond with the influx of requests? I am assuming a month at least is what they told me. I have a payment of $5000 a month which I cant afford due to my wife losing her job. I have been current on payments and am wondering if i should stop payments next month. Suggestions?? After reading the info here it seems I will not get a reduced interest rate/payment a month on my loan modification even if they agree to it.
Thoughts? Email me if you want to share your experience, I really want to know if they have been flexible over this last month due to the economic bailout.

To the people that have contacting me about Taylor, Bean & Whitaker..I have tried to talk to you, I just replied to Natalie and Oam by via this blog..
.."I don't know.."Don't give up people..Don't let TBW intimidate you in the least..Don't be fooled by the lies they will tell you..Stand your ground..Good Luck..

Let's add Insurance Fraud to TB&W list of nastiness. I was in a Chapter 13 and catching up with my payments with TB&W. I was watching my account catch up online. All the sudden my account went offline. Little did I know the payments I was sending in for my condo was going to an insurance company they chose. I didn't even know I was falling behind. I called and they said they were sending me a modification letter but I got something on my door that says from Fed EX saying I have a letter that needs a signature, I am sure they are lying and it is a foreclosure letter. I am going to investigate their relationship to the insurance company...and I am calling NACA today myself.

These people are crooks and we need to unite and expose them for what they are!!!

"Absolutely Sandy!!!"..TBW are no good, rotten, lieing, yellow belly cowards..Incase no one knows this here is some information on them: TBW (National Headquarters) "Let me give you a heads up though about the person in question e-mail addy..His name is Craig Weitzel and is suppose to be TBW's "fraud manager"..My husband & I have had many conversations with him via e-mail and landline.."First and foremost, he is a FRAUD and a "LIAR!!!"..Second, he will try to intimidate, threaten, make promises, whatever it takes, because he gets paid by TBW and is only one sided..The side that pays his paychecks..To give ya'll an idea and to make a long story short..Recently he told both my husband and myself if the home we purchased by "mortgage fraud"..If it came back as a one bedroom, built in the late 1800's, etc..TBW would make sure this serious matter was rectified to "our" satisfaction..See we bought this home "sight unseen" but we did have what we believed were honest (realtor, appraiser and original lender) and professional people working for us.."We had no idea from the get go, that we were being "scammed"..The original lender (Oakstar Bank) sold our sell contract to TBW..We believed we were purchasing at least a two bedroom, possibly three home that was built in 1954..We paid $54,000's for this "piece of crap/dump home"..Oakstar Bank, Great Commission Realty, their appraiser Mary & TBW "stoled our "entire savings, almost $13,000's for the down payment)..The home was appraised twice by TBW..Their first appraiser (Cynthia) falsified the report off of the original (Kym) report stating the home was a three bedroom and built in 1954..TBW (Craig Weitzel from TBW)got caught immediately, so then he said he would send out another appraiser..This second from TBW (Samatha) did an "excellent and professional appraisal!!"..Her report came back as my husband & I stated all along..The home is a one bedroom, built in the late 1800's with severely damaged/warped wooden floors..TBW stated if the home came back as a one bedroom, etc. they would get together with Oakstar Bank and rectify this matter for us.."Well the home came back as stated, and TBW (Craig) backed out on his word to rectify the matter..So TBW forclosed on the home last month.."Note"..We never got to live in the home, because it was't the home we were led into believing we had purchased..Not only that it is unliveable..Now TBW has a realty with the home on the market and guess what?..The home on the listing shows as a one bedroom, "buy as is" and the price is much lower ($37,790's) then what we paid for it..I got an e-mail from a gal named Diane awhile back..She claims she is involved in a "class action lawsuit" against TBW...
I e-mail this lawfirm and told them of my situation..I never got a reply back.."Stick together everyone..We can and will kick TBW's ass!!!!"..

Why do we blame the mortgage bankers? Ok I can see blaming the brokers but we should blame ourselves for not planning our finances better before we jump into these home's. We as American s have become so commercialized over the last decade its ridiculous. Every one trying to keep up with the Jones's. Its bigger than the mortgage companies but no one took any percautions the bubble is coming the bubble is coming it was more like a fairy tale the boy who called wolf. People look to the castle on the hill. Hint mortgages go bad most of the money that financed our homes were from overseas investors who lost there confidence in our market. Now the Man comes to the rescue steps in and gobbles all the bad paper at a reduce price its like buying a $3 dollar stock that once was worth $89 bucks and watch over several years this stock increase. You do the math!! They couldnt plan it any better. BAIL OUT!!!!

You don't get it do you X. I am a very responsible person and they charged me for insurance I already had. I really keep up with my bills, but I won't tolerate a company that is unethical and I can prove it. Following a company blindly is foolish. I wonder who X actually is...a TB&W employee??? AND the employees do lie. I have caught them in it several times. Anyone who holds a job and lies to people I have absolutely no respect for. I don't hold respect for any liar. I am lucky I have money and a job to fall back on, and TBW can't hurt me...but it is obvious the many lives they are hurting. Don't speak about something you don't know about...AND if posting here why don't you say your name X???

Taylor Bean & Whitaker Mortgage Company has charged me with insurance falsely as well. Taylor Bean & Whitaker are criminals and fraudulent. Where can I go for help?

To Dipshit X.."First of all, you don't know your asshole from a hole in the ground".."Everyones situation with either Taylor, Bean & Whitaker or some other company is different.."So don't go putting your two cents in without knowing the facts..Besides what goes around comes back around, and it could come back around on you Dipshit X..Sandy & Mike, this Dipshit X is not the sharpest knife in the drawer, and no one owes him/her an explaination..Sandy & Mike if you wish to contact me, I can tell you this site has been of great help to me..Infact this site is so good, once you file a complaint, that complaint is on all search engines/browsers/keywords..I have 4 on it now..
"Oh and Dipshit X this don't apply to you..I have nothing in common with ignorant morons as yourself!!"..

From the FBI: All You Need to Know About Mortgage Fraud
on May 27, 2007
MORTGAGE FRAUD INDICATORS
Inflated Appraisals
• Exclusive use of one appraiser
COMMON MORTGAGE FRAUD SCHEMES
Property is purchased, falsely appraised at a higher value.

What makes property illegal is that the appraisal information is fraudulent. The schemes typically involve one or more of the following: fraudulent appraisals, doctored loan documentation, inflating buyer income, etc. Kickbacks to buyers, investors, property/loan brokers, appraisers, title company employees are common in this scheme. A home worth $20,000 may be appraised for $80,000 or higher in this type of scheme.
Inflated Appraisals. The report inaccurately states an inflated property value.

Most of these companies are not in the business to foreclose. It is not in their best interest as they are gaining a large inventory of these homes as we speak. They are loosing money most of the time. Every company was using crazy comps on appraisals, and waiving income verifications. Everything was sub-contracted out. Inspectors, appraisers, etc... Finally one day the market dropped off and your house isn't worth what you paid! Insurance and taxes went up! It has happened to me too! I got caught up in flipping homes and making 40k to 50k each time buying bigger and better... and then it all come crashing down. I used up most of my savings to keep it all going... I didnt listen to the reports on TV, I should have known the bubble would burst (especially with a masters degree in economics) -- luckily my last house sold, but some of my friends didn't. They lost homes and savings. I just financed a new house, its only 1500 square feet and if I loose my job and have to work for minimum wage, I can pay the mortgage, taxes, and insurance. I suggest you cut your loss and move on. Your credit will improve and write it off as a life lesson. Due diligence, research the homes value yourself, check public records, look at surveys and inspections, and BE PREPARED. You signed all those papers at closing too! I have had a few loans with Taylor Bean, and I always had good luck with them. It was one of the few companies that treated me right. There is always a rule and an exception to the rule, just figure out what you are. *** As for the one that bought that fabulous house **** sight unseen **** I bet you will never do that again!
When investing your life savings in something, you had better see it first. If your property was listed as-is with right to inspect... there is a reason for it!
There were many mistakes made, but hopefully we will all learn from this and built a stronger economy for the future.

To Red Head Mike..In reply to your statement about TBW and purchasing home "sight unseen"..First of all, "many people buy homes "sight unseen" because they have people/realtors, lenders/appraisers working for them..Or at least should be working for them..It isn't like we purchased this home without having people looking out for our best interest/working for us..If that had been the case, then it would have been pure ignorant and a "buyer beware" situation..Now maybe TBW did you right, but you are just a few, compared to the hundreds, maybe thousands of clients TBW did wrong/illegally..As in our case, we didn't sign squat with TBW..Our original lender (Oakstar Bank) sold our "sell contract" to TBW..Now as you suggested to "cut your losses and move on"..You can say that, because you haven't walked in "our" shoes, ok?..Mistakes are human errors, and can be corrected and forgiveable, "BUT" Mortgage Fraud is "NOT" a mistake..That is an intentional wrong/illegal act and punishable by law.."That is exactly what happened to "us"..So "NO" absolutely will not take "our losses and move on" until "we get the justice we are due"..As for you stating, "you bet we would never buy a home "sight unseen" again".."ABSOLUTELY NOT!"..Reason: If a client can and did get scammed through "mortgage fraud" by those, realtor, lender & appraiser, then that gives the "good guys" a bad rap, and also says if people that are suppose to be representing you with complete honesty as professionals, and you discover and have the proof beyond a doubt you were scammed, that says "if you can become a victim to anyone..Professionals or non!..Here is what I recently discovered..Before though..I appreciate and respect your opinion, "but" again until you have walked into others shoes, "you haven't a clue as to what you would or wouldn't do"..P.S..As for your comment also about the "fabulous house"..No one EVER including "us" ever said the house was "fabulous"..We just expected and deserved the truth of the home, and "we" didn't get it from the get go..Ok?..

From the FBI: All You Need to Know About Mortgage Fraud
Posted on May 27, 2007
MORTGAGE FRAUD INDICATORS
Inflated Appraisals
• Exclusive use of one appraiser
COMMON MORTGAGE FRAUD SCHEMES
Property is purchased, falsely appraised at a higher value.

What makes property illegal is that the appraisal information is fraudulent. The schemes typically involve one or more of the following: fraudulent appraisals, doctored loan documentation, inflating buyer income, etc. Kickbacks to buyers, investors, property/loan brokers, appraisers, title company employees are common in this scheme. A home worth $20,000 may be appraised for $80,000 or higher in this type of scheme.
Inflated Appraisals. The report inaccurately states an inflated property value. (<--- This is "EXACTLY" what happened to "us")..

Ok it really sucks what Taylor Bean is doing to all of you. Its bad business, but Im sure they're barely hanging on by a thread right now and simply cannot allow ANYONE to have ANY wiggle room. However, their is a simple thing you can do to avoid this problem. MAKE YOUR MORTGAGE PAYMENT ON TIME! Take a payday loan, take a bank loan, pawn your car, or computer. If you lost your job start working at Macdonald's while you look for a real job to help take the edge off of unplayable bills. Make priority on your home payment, cancel your cable TV or high speed internet etc. EAT ALOT OF SPAGHETTI, apply for food stamps SWALLOW YOUR PRIDE AND DO WHATEVER IT TAKES! To the lady who originally posted, I'm sorry your family member was a dirt bag (if they did this it doesnt matter if they are your mother, they are a dirt bag), and I hope you cut them off. But, with that said, where did your work send you? Kenya? If you can access a computer (and you can accesses a computer from the Kinkos a block down to a snow hut in the Ukraine) you can pay ALL your bills online or set up Automatic Bill pay for EVERYTHING. So ya, sorry to be the party pooper, but their is a lot of stuff people can do to prevent this problem. Do it, I did and right now I'm riding my bike and taking the bus to work eating off of McDonald's dollar menu watching Public Access on my free DTV converter box. And enjoying my tiny condo with its low low mortgage payment waiting for the economy to bounce back.Cheers!

Mick, you're not paying attention, or you work for TBW, people making payments on time are being victims of crime (mortgage and insurance fraud) and a company trying to get money to "float" themselves. Just spoke to the feds and TBW AND employees COULD BE wearing orange soon. If the employees continue to "help" the company in illegal issues are accomplices. They may not know they are...too bad for them. Unless they are stupid they know what they are doing is wrong. Maybe they should all get lawyers quick...what goes around comes around. lol God will take care of the people who are trying to do right. AND HE WILL TAKE DOWN THE OTHERS.

"SANDY!!"..I just read your latest message directed to this "Mick" charactor..Are you getting anywheres with the FBI against TBW?..I contacted them (FBI) via e-mail out of Missouri and never got a response back..Infact I just contacted "The Star Banner" newspaper out of Ocala, Florida..Also, as well..I have heard from what I would love to believe is a sincere man that stated he read my story on "America Foresclosure Specialist"..He refers to himself as "repo man" a.k.a. Matt..He did provide me with his last name and number as well, but for his privacy I will not disclose that information..He stated he worked for TBW and the founder/owner fired him..Here is an insert of what Matt stated.."Wanda, thanks for opening my email! Seriously, I am very sad to hear of your situation. I have been in the real estate and REO (bank repo) business for over 10 years now and it has changed totally since I first started. Companies like TBW, CITI, Indymac, Lehman and others knew exactly what they were doing. Farkas and Bowman and all of the other management are rolling in the millions of dollars their companies make praying on regular people like us. Then, when we try to make it right, they simply turn things over to their high priced attorneys that we can't compete with. I really feel for you. When I was at TBW, I actually fixed several "bad" deals and made alot of people happy. I guess that's why Farkas decided to fire me"..The last I heard from Matt was about a week ago..I requested any e-mail addy's of the "bigshots" of TBW..Matt said he had them, but would take a few days to go into his archives; then would e-mail me with them..He even gave me his phone number to call him as he stated to "discuss this matter"..Between you and I Sandy, I am not sure anymore who is a true/sincere person verses a fraud.."All I know is what TBW and their co-conspirators did to my husband and I; still continue doing has been extremely unbearable..Mentally and physically!!"..My husband lost his "transporting" job..Being away from home so much..I have been hospitalized three times this year..Twice for heart problems, that I never had problems before with..Also attempting suicide..To where as I have been on medications and counseling.."I don't know how much more of this I can take..I just wish someone out there would help us take legal action against these rotten, lowlife, worthless, pathetic souls!!"..I don't know what the statue of limitations is on a lawsuit..I would settle for the FBI to contact "us"..They would see with all the documents/proof that I would provide to them, that "without a doubt we fell victims to mortgage fraud and "these parasites" need to be stopped..Prosecuted to the fullest extent of the law..Just so you know this Farkas that Matt spoke about is the founder/owner of Taylor, Bean & Whitaker..Contact me Sandy, so we can put our heads together and get these scums..

P.S. My husband said if "something happens to me, such as suicide, he will continue doing anything and everything possible to get the "justice not only for "wrongful death suit" but also the "mortgage fraud" we were subjected to and have had to endure for over a year now..Merry Christmas To You & Yours..

my wife and I are in chapter 13 now with tbw. They are trying to foreclose on home. When we went to the meeting of the crediters the trustee said tbw had no claim to our doublewide just the dirt it sits on. So we have a acre and half worth $86,000. For months we tried to work with them but they would have no part of it. The doublewide is worth bout $35,000 and the trustee wants to sell home leaving us with the rest. Our att has presented a new plan but tbw wants no part of it. We are at wits end we dont know what to do. If anyone has any idea please let me know.

Wanda. The people investigating this mortgage fraud will not discuss it with you. Trust me it is being done. When I discussed my issue I was taking an insurance class and speaking with someone who investigates real estate fraud. He asked me who my mortgage company was and he shook his head. He knew them well. He is not going to discuss the cases, he can't. His advice to all...go to the website in your state for Department of Financial Services and file a complaint (Also go the the Federal Site as well). Unfortunately, there are a lot of complaints, but TBW will stand out for sure. DON'T do something like even think about suicide to get back at someone unethical!!! You are worth far more in life, and a house is just a house, you are far more valuable!!!! Besides you already have a personal injury case declaring mental anguish alone.

Mike, don't know your story well, it depends, you might want to get private advice besides a trustee, he might want you to sell to collect a huge fee...not sure, but maybe you should try NACA or another activist agency.

Good luck to all and keep your heads up. Life will get better!

Sandy, I used to work for TBW. I can tell you that all of the comments about their impropriety are true. If you want to chat about it, post here.

First of all, I make all my payments on time each month and have excellent credit. Recently TB&W is trying to increase my monthly payment by $300+ because they say I'm behind on my escrow and need to catch up by increasing my monthly payment. I've also received a letter from the county that I own property tax. How? I pay on time each month, never missed a payment.

It turns out that TB&W had used my escrow money and purchased a blanket hazard insurance for my property. This is very frustrating because I've fax them my master insurance already (3 Times and also email them with attachment of the insurance plan) but they refuse to recognize that I already have my own insurance. I own a town house, not a single house so my unit was covered by a master insurance plan.

I'm very frustrated with them trying to resolve this issue. Any help or advice would be appreciated.

Thank you and good luck with everyone.

Angry, did they purchase your blanket policy through Maslow Insurance? If so, you are getting screwed. TBW owns Maslow and they are located in the same building as TBW in Ocala.

Say "repoman" since you was a former employee of TBW, and know for a fact they are criminals..What they do to their clients and get away with it, why don't you post a message You don't have to give your real name..I got my first "rebuttal" on that site about TBW from a "consumer"..Not an owner, or employee..This character stated, "we should take responsibility for our own actions".."Oh that didn't set well with me, as I am a very outspoken person..So I did two "rebuttals" back to this idiot!!!"..This charactor put down as a "consumer" with no name..My gutt instint tells me the person was Craig ..I could be wrong, but because he is a snake, it wouldn't surprise me in the least that he posted that "rebuttal"..

You must report the insurance/tax fraud. They are doing that to many, many people. It is theft without a gun. Report to Department of Financial Services immediately!

I posted Sept. 2, 2008 and here is an update. After sending in a letter with every other payment disputing the late charge, someone finally read it and took it off the last statement. CS people are supposed to have the authority to do that and I guess it was read by the right person. I also noticed on the back of the statement that they have changed the time from 4:00 EST to 3:00 EST. for payments to be credited.
In reading: angry and frustrated's post on 12/10/08 "First of all, I make all my payments on time each month and have excellent credit. Recently TB&W is trying to increase my monthly payment by $300+ because they say I'm behind on my escrow and need to catch up by increasing my monthly payment. I've also received a letter from the county that I own property tax. How? I pay on time each month, never missed a payment.

It turns out that TB&W had used my escrow money and purchased a blanket hazard insurance for my property. This is very frustrating because I've fax them my master insurance already (3 Times and also email them with attachment of the insurance plan) but they refuse to recognize that I already have my own insurance. I own a town house, not a single house so my unit was covered by a master insurance plan."
and repoman's response: " Angry, did they purchase your blanket policy through Maslow Insurance? If so, you are getting screwed. TBW owns Maslow and they are located in the same building as TBW in Ocala."
I believe most of us are in the same boat, except it doesn't flood in Arizona. I have an email into TB&W asking who the carrier is for this Hazard/Flood insurance and why do I have it if my homeowner's policy covers hazard.
I also got charged additional money (through their handy time payment plan,)because they miscalculated my escrow funds and have to make it up.
So from starting out at $1.300 per month it is now over $1,600.
We made all 2+ years of payments on time and was never allowed to discontinue the MGIC Mortgage Insurance premiums at $90 per month. I guess it will come down to TB&W getting paid from that insurance when we default because we can't keep this up. The aggravating part is we made the mortgage insurance payments and our credit will be trashed anyway.

Why don't MOST of you look into how the Mortgage Business actually works before blogging. Learn the difference between BROKER and LENDER.

By the way Dave M. It is HUD or FHA that requires certain properties when to be found on title as a flood zone. So... to have flood insurance once again NOT the lender.

Now, with that said. You all need to remember why ALL companies are around. TO MAKE MONEY!!! What a concept! I don't know about all of you, I don't work for free EVER!!!! I also take it all of your car companies or any other creditor are bastards for repossessing your car because you didn't make that payment either?
Give me a F*ing break!

With the Insurance or the Escrows: So, all of you have failed to be the squeaky wheel to talk to a manager?

"Obama's Gonna Pay My Mortgage"..Thanks for the great laugh reading your blog.."You punk are entitled to your opinion, "but" being disrespectful towards another is uncalled for!!"..So because you got the ball rolling being disrespectful, "what goes around comes back around".."You don't know your asshole from a hole in the ground!!"..If you was so sure of yourself, you would use your "real name" instead of a bogus one.."Ahh but wait, using a bogus name fits you, because you are bogus!!".."Everyones situation is different, when it comes to a csr loan, home loan, whatever.."Not taking that into consideration was your first mistake!!"..Scroll up and see the name "repoman"..I know his real name, email and phone number, but of course won't give it out..But I and others would wager, he knows alot more about the other "blogs" including "ours" situation with "FRAUD" then you do.."Absolutely!"..So if you want to challenge someone, challenge someone that by the time they got done with your happy ass, you would want to bury your head in the sand.."Again, you are entitled to your opinion, as we others are, but when one gets rude as you did, just shows your ignorance and that "you aren't the sharpest knife in the drawer"..Oh yes.."Happy Holidays!!".. :o)~~

Wanda thank you, but there is no need to come to my defense although you did make several valid points specifically "Everyones situation is differnt." Besides, the source was considered before I read it.He or she is correct in that it is the broker not the lender that determines which company writes the mortgage. Unfortunately my broker made a bad choice in TB&W. It is one of the few that will not renegotiate or restructure the terms and for some reason would rather foreclose.

Financial Institutions that will are:
Bank of America
JP Morgan Chase
Countrywide
Washington Mutual
Wells Fargo

I visit this site with my real name. I feel there is no need to deceive anyone as we are here to share TB&W information and experiences. repoman may not use his/her real name, but seems to be one of these and it is hoped like me & others contributes positively. I have offered: TB&W will recind late charge fees if you are right/just and are persistent and that their customers are not alone, such as angry and frustraited's dilemma in that escrow money was used for hazard/flood insurance without our knowledge.

Checking with MCFCD (MCFLOOD), I do not live in a flood plain or pathway. Nor do I have an FHA or HUD loan. I am disputing the Hazard/Flood insurance now. It is something TB&W tacked on in the 2nd year of our mortgage. I found repoman's information logical and worth checking out. The combined $300 increase per month is my concern. I can't afford it even though I took increased taxes in the future years into planning and consideration when we purchased.

It is almost Christmas and time to reflect on the year and the challenges and gifts we have been given.

May you all have a great and safe holiday season.

for those of you that are in jeopardy of foreclosing, PLEASE, PLEASE check out AFS. Although I am still waiting for TBW's response to the restructure that NACA submitted, they do have alternatives if and when TBW says no. They will make it personal as it IS nothing short of personal for those of us who are losing their homes. It's worth a shot if you are serious about keeping your homes. Best of luck to all!!! And please, stop with the insults people! We are in this boat together as a country.....we have ALL made poor decisions and it doesn't make you any better if you didn't make the same poor decision....you've made your own!

"This is just to say that posting a "blog" on this website is like being in a chatroom.."Where most "vent" their issues, against something/someone or as in this case Taylor, Bean & Whitaker for their (TBW) "illegal actions" towards their clients, and yet seems no one, other then my husband and myself are ready, and willing to stand up to TBW by taking legal action..But, we couldn't do it alone..It would have taken everyone that TBW has screwed over, and a lawfirm that would take the case (class action) "pro bono" but maybe like what "repoman" said in an e-mail is a reality check for us all.."Repoman said that "TBW knows exactly what they are doing..Farkas, Bowman and all the other management are rolling in millions of dollars preying on regular people as ourselves..Then if one tries to stand up to TBW, then they turn the matter over to their high-priced attorneys".."I refer to TBW, and other crooked companies/employees of those companies as a bunch of "snakes hiding under big rocks!"..So with this, I will say, this matter is closed for "us/me"..I have done everything humanly possible to get help from someone, hopefully a lawfirm, that would have the balls and heart to take a chance on "us" and stop these lowlife rotten cowards, "but seems another reality that hits hard is called the "almighty dollar".."That is a damn shame!"..Ya'll take care..Wish you & yours Happy Holidays, but I won't be back.."Take Care & Good Luck Everyone!!"..

same exact situation with TB&W in regards to the flood insurance. we have received numerous letters in regards to our need to carry a flood policy and have called on four different occssions and been told "that our property does not fall in a flood plain, therefore we do not need to carry a flood policy.' Last phone call was on 11/12 in which i was assured they would forward the correct information and not to worry about it. Recieved a letter today stating they obtained a policy on our behalf for flood insurance with a premium of $2800 a year. The nearest body of water to my home is 15 miles away!!!!!!!11

This is probably the biggest investment you will make in your life...why would you not do the research? Shame on you...as much as you don't want to read this or take blame for your own actions...shame on you for being taken advantage of. You probably did more research for your new flat-screen TV than you did for your home loan. SHAME ON YOU! And don't bother saying that you're supposed to be able to trust your mortgage brokers...SHAME ON YOU!

And who doesn't call the Better Business Bureau or other government entity if they have a problem with a company? For God's sake, you're the customer so do something about it! Quit typing blogs and trying to rally people for your cause if you're not going to follow through with it.

SHAME ON YOU

Hey what law office are you using. TBW took over my mortgage a year ago. and out of the blue they raised my payment. I am on a fixed rate. I checked my home owner insurace and land tax, to see is the increase was there. It was not. I have been paying on time. and I get a letter with a false currant balance. hundreds over what my balance was when they took over. like I have not paid anything. and they have added more on top of that. I am looking into refinancing before I loose my home. but I want to make sure they pay for what they ae doing. it is wrong. and I do not need this stress.

If you're having problems and can't get through the customer service line, or if you're unhappy with the customer service you're receiving, call your broker. They should be able to get it fixed for you...after all, they're the people who brought your business to Taylor Bean in the first place.

IF ANYONE CAN ANSWER THIS QUESTION IT WOULD BE GREATLY APPREICATED.

A FRIEND OF MIND IS GETTING READY TO CLOSE 1-13-2009 WITH TB&W I DID NOTICE THAT THEY PURCHASE HARZARD INSURANCE WITHOUT YOUR PREMISSION NOT SURE WHY, IF YOU HAVE INSURANCE ALREDY WHICH YOU NEED WHEN YOU CLOSE. I DON'T UNDERSTAND WHY THEY ARE DOING IT. AND DO THEY SELL THE LOAN ONCE THE PERSON CLOSE?
THANKS FOR YOUR HELP

They don't purchase insurance without your permission. If you're refinancing and your BROKER can't provide a hazard insurance premium that's effective up to 90 days past your closing date TBW has to ensure you'll have insurance...so they have to collect the premium up-front unless your friend can provide proof of payment.

Yes, they are a wholesale lender and sell your loan to an investor, as most lenders do.

Having problems getting answers from them regarding our mortgage. Can never get through by phone, just get an endless recording. Tried emailing and never got a response. The absolutely stink at customer service. They seem not to care at all. I did report them to the BBB but it's helpful to know there are others going through this and maybe strength in numbers can do something about it eventually.

Don't listen to John, he must have interest in Taylor Bean and Whitaker.
THE FBI WILL LISTEN TO YOU!!!!!
If you have a legitimate grievance with TBW they will help you. They will investigate your problem trust me. They are sick and tired of all the fraud to and are here to protect us!!!!

It's not that I have an interest in TBW...it's that I've done a ton of business with them and know they run a legitimate business.

Yeah right!! I also forgot to mention. You can call your county courthouse. They were kind enough to appoint me an attorney pro bono. The circuit court is sick of this as well.

Sandy please call me with comments
about TBW 254-977-4731 I myself and alot of others are fed up with TBW lies, and theft

Please call

Why don't you phone the FBI...they are very interested in what you have to say! For sure!

TBW...since this is your site now...it is no use to us anymore. We will catch up with ALL OF YOU later. All of you will be held accountable...not just the principles!!!! Bounce!

That's funny. Like you're having some sort of private meeting where all you want to do is complain about things in which you don't have solid facts.

It is funny, because the facts are well documented and you will see them soon. We just don't want to bother with a bore like you anymore!! Goodbye John, go find people who you can try to convince of your innocence, our proof is in black and white documents and people are looking at them for us!

I was injured on my job march 18th 2008 I then contact TBW and also Acorn Housing to let them know my situation, I work with Acorn for months then a finally TBW sent a forbearance offer which Acorn told me not to sign, because it was not a a forbearance.I did just that I did not sign it.Acorn tried to contact TBW they would not respond in Oct I received a letter stating that my home was going into foreclosure on Nov 4. I contacted both Arcon Housing and TBW, Acorn told me to file a chapter 13 cause they could no longer help me with this matter, TBW told me they would work with me but I needed to go back to work which I did to keep my home despite my injures I then provided them with proof of my income the later told me I was under the income for my home I was short $400.00 dollars and refused to work with me. My home then went into foreclosure on the Nov 4,2008 but it was not over Nov 7th 2008 I went to the store with my children to come home and find a man walking out my front door he said that he work for TBW and was sent to clean my home out he threw our clothing,pots,food,etc in the garbage turned off my water disconnected my stove changed my locks and locked up my garage doors.He stated that I need to get my paper work and the rest of my belongs and leave by tomorrow I couldn't believe it, the next day he came by again, I called the cops they took a report and that was it, he said that TBW sent him, Nov 14 I received 2 letters stating that I need to leave the property from their lawyers and their is more I have proof of everything that has been done to me and my family but I don't have the money for an attorney I am a single mother of 3 and one with major physical disability called Roberts Syndrome, it hurts to know that people can take something you work so hard for and there are no resources to help you.I wish you all luck and I pray for you all this is very overwhelming.
mrs.day

My husband and I are also having trouble with Taylor Bean. With our work hours getting reduce we got behind 2 months. We sent in our hardship papers twice and finally they told us to call them back but, it was only to let us know that if we wanted help we needed to pay these two payments we borrowed money from our children and paid it and called back then they said they would not help us because we were current on our payments. Those S.O.B.'s. I am so pissed. I say lets set a date go to Ocala and protest right in front of their damn building. We will get the medias attention and maybe thats all we need. What to talk about it please post here.

it took me an hour and a half to get through to someone on the phone with TB&W. I've spent several hours on hold with this company trying to get my mortgage straightened out. Anyways, I've looked at my bills with them several times in the past year and it just doesn't make since to me that I'm paying close to 1000 dollars a month to these people and 760 dollars of that goes towards interest and only about 140 goes towards the principal. I'm starting to feel like I'm getting ripped off. is this normal for a mortgage or am I being robbed?

Hello Mike,
I would not trust Taylor Bean for anything they make alot of promises that they do not keep. I am sure you are getting ripped off somewhere. Has your house payment changed? It is normal for most of your payment to go to interest. Just beware. I would recommend to everyone to refinance with someone else. Good luck to you.

Hi there, I own a company and we specialize in loan modifications and short sales. I have a new deal to pre-approve and the servicer is TBW whom I've not worked with. My guess as to why TBW may not agree to modify a loan would be due to the FHA insurance, if you have an FHA loan. Anyhow, regarding your principle and interest concern. for the 1st 20 years more than half the payment will go to interest. there is a ligit way to accelerate the principle ratio and manage your money more effectivly. please contact me at this site if you'd like to learn more about it. What I am talking about is a personal accounting software program that hooks up to your mortgage and everytime you deposit income into your checking account you save 5-7% on your home loan. the software manages your principle contribution and tracks your home equity so you can be debt free faster. It also moves in real time so if your income and expenses change the projected payoff date changes with it. This is our core product. We love it because it essentially gives you a crystal ball regarding your finances.

To everyone in this discussion I have learned that Hope is the only organization that will help you modify your home. Do not trust anyone telling you that they will help you for a fee. Many companies have approached me and willing to help but they want money $500 to $1500.00 to do it. This is a scam and (hope) will do it for free. We all have to learn together. I could not sleep at night if I did not do what is right and help people when they are losing everything they work for. People should be helping people and not trying to get rich off our hard times. Good luck everyone!

"Hi good people!"..Needed to take a break for a bit, but decided to pop in and see if anyone that fell victim to TBW has a "class action" going, and where do "we sign up?"..I e-mailed the founder/chairman Lee Farkas and Ray Bowman at TBW, yet never received a reply..I gal that did e-mail me from TBW spoke highly of Farkas and Bowman; saying they were nice and would "never intentionally committ fraud"..I replied back to her saying someone is nice, doesn't mean they are honest..As for John's comment about "everyone complaining and don't have solid facts; "Well listen buster, I can't speak for the others, but I can assure you 100% beyond a doubt, I have more then enough proof to show "mortgage fraud" against TBW and their Missouri co-conspirators!!!!"..The only reason you are saying TBW is legitimate is because they (TBW) pay you a nice check to "lie" just like they (TBW) pays their fraud manager/Craig Robeson Weitzel to "lie, pacify, and intimidate" clients.."This parasite speaks with a "fork tongue"..I am beginning to wonder if John has even a portion of a brain or just the stem.."Hmmmm interesting!"..I see "repoman" hasn't posted in quite sometime..He was a former employee of TBW..Held a high position..He told me things via e-mails about TBW for some odd reason, just didn't surprise me.."And here John says TBW is legitimate.."Yeahhhhhhhhhhhhhh right John!!".."Now TBW does do business legitimately by fraud".."Oh absolutely!"..Let me know what is going on people..If we have a "class action" case going on..

If everybody would get together we could bring these jokers down. They are dirty,lying crooks.

"Ok Mike, what is your suggestion?".."Class action lawsuit?"..Since I am sure "we are all in different states"..How do we go about retaining a lawfirm, that will take "our case against TBW" pro bono?.."There is no doubt whatsoever, along with a lawfirm, "we can take these no good, rotten, thieving, lieing, yellow bellied cowards down!!"..I have been saving all these postings, as well as the 12 complaints I have "We are not getting anywheres just texting/venting back and forth like this!!".."It is time to take action, because possibly the "statue of limitations" runs out!"..

Sandy has a lawsuit against TBW. I do agree we need to do something. I am in Georgia.

I just wanted to say that the angency NACA/ ?? Neighborhood Assistance Corporation of America (NACA) Is not good. My husband and i lost alot of money with them. They told us we need so much money to purchase a home and once we gave it to them we had more problems. They wanted more money. We lost over $5,000.00 with them.

What the heck is going on? I just went to TBW website to sign up for their online services and nothing will go through. Their phones have been busy all week. I just wanna contact them cause they have not paid our homeowners insurance out of our escrow account. I saw this website on google and started reading all of your comments. I'm starting to get real concerned!

People Please post me about TBW I have news for you
Barry in Utah Please post me again

Everyone please post!

Sandy, it was a real pleasure talking with you tonight. Count me in and thank you for all of your hard work.
Dave

Shelly.."You should be concerned about TBW"..You read all the "blogs" against them..There was another site I had went to, that also had complaints against TBW, but for some reason the host/web master changed the entire site and removed the complaints against TBW..Don't be fooled by their (TBW) so called "kindness"..They are scam artist..They will try to pacify, intimidate, stall, threaten, promise, etc..Yet TBW are nothing but a bunch of snakes hiding under a big rock..The "boa constrictor" is the founder/chairman of TBW..Lee ..I have e-mailed him and one of his management associates and never received a reply..Like a former employee stated to me in an e-mail.."TBW and their managements makes millions "preying off of others, and then when one takes a stand to them, they (TBW) turn the matter over their high priced attorney's"..Even TBW's "fraud manager" Craig is a parasite..So you don't want no dealings with this pathetic soul..People don't intimidate me, and Craig found that out real fast..If you can get through via phone to TBW, "good luck" because I was never able to get through, so that is when I started sending letters via regular mail and e-mails to them..Good Luck Shelly.."Hang in there and don't give up!".. :o)

Someone posted abt. HOPE, if you are referring to HOPE NOW (supossed to help w/ foreclosures)
I hate to tell you, but they're a joke. All they do is take down all your mo. income, mo. bills etc and fwd (sometimes) to TBW. I've called them on 2 different occasions, the first time TBW "said" they did'nt receive anything from HOPE NOW. the second time, was just as unhelpful. TBW has there own financial work sheet that you fill out, along with a hardship letter. Anybody know if this law that is trying to be passed that will lower mort. rates to 4%. Is it for the people who need it, or is it for future buyers who are already getting a great deal from our misfortunes...foreclosure sales are a big portion of the Realtors listings these days.

I just read all the comments an now I am scared to death….
I recently called TB&W to let them know that my husband’s job is cutting their hours and if this continues we will not be able to make the whole payment on March 2009…And the customer serv. Rep. asked me if I was working and I told him that I wasn’t because I have 2 kids and 1 baby at home….and he told me if I have ever consider childcare…so, I told him that my mom used to take care of my children while I was working, but she had a silence stroke, so I had to quit my job…..and childcare will not work for me, because I will have to give my whole check to them and I wouldn’t have enough cushion to help my hubby with the mortgage payment or gas for my car to go to work back and for….But he kept telling me to look for another job…and I told him that my husband is looking for a part time at the airport, but so far, he has not receive any response….and he kept asking me how about you….
And that gave me the feeling that he did not care about what I was trying to tell him…..Like having 3 little children at home was not a concern to him…….
So, he told me that i will have to way 6 to 8 weeks for a response, but he will not guarantee me that I was going to be help…..So now that i have read all your comments, I am getting very depressed…..I really want to keep the house…I need a place to live for my babies…..:(

Hi Julie.."Very sorry about your situation with TBW, but "join the hundreds if not thousands of us"..I have been dealing with TBW since 2007, because they along with their Missouri co-conspirators committed "mortgage fraud" against my husband and I.."Unfortunately Julie, all you are to TBW is "greenbacks"..They don't give squat about you or your unfortunate situation..Like one former employee stated to me in a e-mail, "TBW makes millions preying off of their clients"..They will lie, pacify, intimidate, threaten and even make promises, (in your favor) only to be broken.."I sure hope you don't lose your home, but do have to say if you was dealing with another mortgage company you would have a much better chance working with them, then you would with TBW.."Good Luck & Hope Things Work Out For You".. :o)

We have had our mortgage through TBW since 07. My husband had a heart attack, I am permanantly diabled, just recovering from major back lumbar and cervical disc durgery. We have tried to work with TBW, they are misusing our escrow account,when we sign our paper is 07 ther was a HUD insurnace charge besides our property insurance (by the way it is a FHA backed loan). We hired a mitigator in Oct, 2 months prior to them serving us with foreclosure papers. Today we get a report that the loss mitigation department of TBW that they have no record of foreclosure being served. Also beware of Summit Capitol who specialize in re-finacing. They hit us with so many extra charges as closing, I did all the leg work for them to get the loan processed. The HUD insurance is for the lender... they get paid for a defaulted mortgage and HUD takes over.. They MAKE money on foreclosure. Sandy I will email you later this morning to lean about a law suit. One hand does not know what the other is doing and the purposefully lie to you. I have documentation as well. Millions of Hard working Americans are in a position they have never been in before in their lives. We always Tithed, paid our bill, took care of our children, and INVESTED in our home. To say that what is happening to millions of Americans today is our own fault, shame on you. My husband and I worked hard, I didn't ask for cancer and other illnesses, or our 401K to tank because the banks execs want their vacations and bonuses and to heck with the people that fuel the economy. Instead of giving money to the banking industry "bail out" they should have given it to the Average middleclass and below American mortgage holder so we could have been accountable, paid off our mortgages and other debts and the same banks would be getting their money back and we would have more disposible income to help jumpstart the economy. I hoped they really enjoyed their company paid for vacations skiing, hunting, beautiful beaches while we stay up at night wondering how we are going to recover. And to some others comments I pray you never receive a pink slip or a call from a DR with bad news, but if and when you do I will pray for your situtaion instead of passing judgement on what I think you did to CAUSE you problems. TBW and so many other banks and lending institusions are ripping us off and laughing all the way to the bank so to speak haha. We all need to stick together against TBW and draw a line in the sand to tell them no more. I am contacting every agency mentioned including the Govenor. Good Luck to all!! God Bless everyone including the ones blaming all of us!

Thank you Wanda for your comment....
It's very sad to know that TBW don't care about people's situation and they will not work with you to help you keep the house....It's a very stressful situation and my 6 years old can sense all that....She is worry that we might not have a place to stay....We already cut down in food.....and now our dryer broke down...What a joke!!!.....Thanks

"Good people, "let's stick together" Sandy has been in contact with attorneys and public officials about TBW"..I would suggest ya'll that haven't yet contact Sandy via e-mail about your situation with TBW..I just hope that if there is a class action suit in the works, there isn't a two year "statue of limitations" because "ours" will end in July of this year.."Julie, Martha and Shelly if ya'll are just in the beginning process with TBW, I will give you important contacts to make your complaints"..Keep all records, and also make copies of anything you send out regarding TBW..."Hang in there everyone".."United We Stand & Kick TBW's Asses!!".. :o)

"Good people, "let's stick together" Sandy has been in contact with attorneys and public officials about TBW"..I would suggest ya'll that haven't yet contact Sandy via e-mail about your situation with TBW..I just hope that if there is a class action suit in the works, there isn't a two year "statue of limitations" because "ours" will end in July of this year.."Julie, Martha and Shelly if ya'll are just in the beginning process with TBW, I will give you important contacts to make your complaints"..Keep all records, and also make copies of anything you send out regarding TBW.."Hang in there everyone".."United We Stand & Kick TBW's Asses!!".. :o)
Posted By Wanda on February 16, 2009 at 04:33 PM

"Good people, "let's stick together" Sandy has been in contact with attorneys and public officials about TBW"..I would suggest ya'll that haven't yet contact Sandy via e-mail about your situation with TBW..I just hope that if there is a class action suit in the works, there isn't a two year "statue of limitations" because "ours" will end in July of this year.."Julie, Martha and Shelly if ya'll are just in the beginning process with TBW, and I will give you important contacts to make your complaints"..Keep all records, and also make copies of anything you send out regarding TBW.."Hang in there everyone".."United We Stand & Kick TBW's Asses!!".. :o)

Hello all,
I auto pay my mortgage payment every month and have not ever had a problem until I got my year end statement. On that statement showed charges for property insurance for last year and this year which makes my account about $6,000 deficient. My payment jumped up $500 a month!! I already and have always had property insurance through my condo association which I have proof (and they have received proof). I have been calling them continuously for the last few days and get nothing but "All circuits are busy". I am a single mother on a fixed income and it they don't correct the charges I am going to lose my condo! I am scared! What I am going to do is research about this and get all of the information and I am going to go to the local news here in Tampa. What I am getting from the post here and even admitted by an x-employee is that they are fraudulent in there charges and they should be accused accordingly! i have done nothing wrong and I am suffering because of it!!

My husband and I are in the eviction stage of ordeal with TB&W. We were hit with the economic pressures and tried to work with TB&W right up to the day before the auction of our house. We were told on several occasions that a negotiator would look over everthing and they would try to work with us. YEAH RIGHT! I would absolutely love to get in on any legal battle against the company. Please contact me if any possibilites of "joining the fight" We live in VA and are scheduled to be evicted March 4th, 2009. Any info. is greatly appreciated as we are in complete distress. Thanks and God Bless

"Good people, "let's stick together" Sandy has been in contact with attorneys and public officials about TBW"..I would suggest ya'll that haven't yet contact Sandy via e-mail about your situation with TBW..I just hope that if there is a class action suit in the works, there isn't a two year "statue of limitations" because "ours" will end in July of this year.."Julie, Martha and Shelly if ya'll are just in the beginning process with TBW, I will give you important contacts to make your complaints"..Keep all records, and also make copies of anything you send out regarding TBW."Hang in there everyone".."United We Stand & Kick TBW's Asses!!".. :o)

"Good people, "let's stick together" Sandy has been in contact with attorneys and public officials about TBW"..I would suggest ya'll that haven't yet contact Sandy via e-mail about your situation with TBW..I just hope that if there is a class action suit in the works, there isn't a two year "statue of limitations" because "ours" will end in July of this year.."Julie, Martha and Shelly if ya'll are just in the beginning process with TBW, ya'll can contact me as well, and I will give you important contacts to make your complaints"..Keep all records, and also make copies of anything you send out regarding TBW.. Please put something in the subject area of the post, otherwise I won't see it."Hang in there everyone".."United We Stand & Kick TBW's Asses!!".. :o)

Good People..If anyone is seeing my "blogs" from the 16th (yesterday) and today, I don't see a single one..I am thinking TBW did something to block me..

Someone from this site (American Foreclosure Specialists) a.k.a. Taylor, Bean & Whitaker doesn't seem to like my postings anymore.."Gosh, could it be, because these snakes (TBW) knows that I alone can take them down, "but" a class action lawsuit would probably have them (TBW) file bankruptcy..So go ahead and continue being the snakes you are, "but you will be stopped"..So I will post this site (AFS) on rip off report. com and I know ones postint their can't be deleted and all complaints appear on all search engines.. :o)

WLeaR,
AFS is not TBW and has no relationship at all with them. This is only an information site to try and help people.

The site automatically kicks out comments with links in it as this is not for commercial advertisement. I am not sure what your comments were but that would be the only reason they would not show up here.

Thank You Darin..I apologize if I was incorrect..Just seemed odd that since yesterday and this morning, that my postings appeared; then seconds later were gone..Again I apologize..Wanda

Darin..I did not post no "links"..Thank you again..Wanda

I started having trouble in early 08, Tried to get TBW to work with me with no success. Got loan current on my own and then had trouble again at the end of 08. tried to get them to work with me again with no success, brought the loan current again and was able to to put 10k towards the principle, tried to refi but no one would touch it so I just put the money towards the principle. When I did that it was close to payment time I was told not to make the next payment until I received the paper work and my new payment. 2 months and Several phone calls and emails later I talked to someone and told them what was going on and I hsd not received the paperwork to sign. I was told to make a payment if I had not heard from them by Dec.24th about the 22nd I received a call from someone telling me that they could not apply the money to my principal until I brought the loan current. I tod them that I had already paid the fees required to amortize and that I was told not to make a payment until I got my new amount and the paperwork. She went on about a bunch of crap and finally said the paperwork would be sent. with it there was a letter stating that I had to send three months payments with the signed paperwork. I sent one months payment and another letter instructing her that TBW was the one who dropped the ball and took the two months to get the loan amortization done and that if they wanted the two months owed they would have to put them at the end of the loan.
needless to say they didn't and I am still 2 months behind and it is only making my credit worse.


Will gladly join a class action to stop these crooks.

Christopher Hudson..Contact Sandy about your situation with TBW.. :o)
___________________________________

I am calling the bbb. My husband and I have NEVER been late on payment,we pay online and the payment is taken out of our account yet about the middle of the month I keep getting a phone call stating it's TBW (recorded) message saying they need to discuss our payment. I call back wait for over 30minutes and they tell me I'm late on my payment which the got the money on or before the due date. We have had the same issue with the insurance forced after proof af homeowners et. and the always say there's not enough in escrow etc. So, supposely even when the get your money they can always come up with SOMETHING to get more money. I am faxing my bank statements along with all the proof I have to the bbb and the credit bureaus. This is ridiculous!!!!

Tammy you can file a complaint with the BBB against TBW online..Also I suggest you and others have and file a complaint against TBW.."This is one awesome site!"..Your complaint will appear on all "search engines"..Also you can go into your account as often as you want and do "updates, or check and see if anyone did a rebuttal to where as you can respond"..I also suggest you contact Sandy at the above posting..."Good Luck!"..

WANDA,
What do we now abt Sandy Smith??Is she a lawyer? Please post back.

"Dang I hate it when I complete something, then lose my server..Grrrr!"..Anyhow Deb, as far as I know Sandy is not an attorney, "but she claims she has been corresponding with lawyers and public officials about a "class action lawsuit" against TBW..I sent her my contact information the other day."Too many to mention!"..Infact on this site but in a different section, I found many more complaints against TBW..Copied/pasted and e-mailed to Sandy as well as kept for my records.."Hope this was helpful"..

You will also see some "employees comments"..Naturally they are going to praise TBW, but that is "ONLY" because they want to keep their jobs and paychecks..

Well my story is a little different. I actually would double up on my payments inorder to pay off my house sooner. Although I would state on my bill voucher and also would write it on the memo line on my check that the extra money was to go toward the princibal, TB&W did not put it toward the princibal. They took it upon themselves to just pay the month ahead when it came due! Apperantly they enjoy making that 1000 dollar interest a month. It took me three months and numerous conversations inorder for them to go back and credit my account accordingly. Shame on you TB&W you make enouph money as it is.

We have been trying to "work" with TBW since October when my husbands job went down. So far we have sent them every paper they have asked for, every paycheck stub..ect...Our HUD couselor even sent them everything twice! (they said they never received it!) After months and months of being on hold for over an hour, and being told to just be patient because they are back logged, guess what? We got papers served last week that we are being foreclosed on. They never told us this, they just contacted their lawyer and said to file. I'm so upset, mad, ect. After all this time of asking for loan modification they do this to us.

Guess what they are still saying..."I see that "someone" is working on it,...be patient!" I'm about ready to pull my hair out, this is causing so much stress for my family I can't even describe it.

I'm going to tell them to "show me the papers", I hear it will make them have to stop foreclosure and actually produce the paperwork. Any one else do this yet?

Jeanean..For some reason AFS e-mailed your "blog" to myself, to whereas I decided to check and see if your "blog" is on the AFS site, and it is..From what I understand TBW is on the list for "tarp funds" and they're (TBW) is a "class action" lawsuit against them..

I too have had terrible luck getting anywhere with TBW. I went through the well-known national NON-PROFIT program you may have seen on the news. They are NACA and are well-known for protesting on the front lawns of the mortgage executives' homes. They are supposed to be #1. The submitted a restructure on my behalf after doing a budget with me. I eliminated all the extras and luxuries, including selling my car, to make this happen. The loan modification suggested that TBW lower my interest rate to 3.5% for five years and add the missed months to the end of the 30 year term. They rejected it! I am in now in the process of joining NACA in joining this fight. Although I have not attended a rallie, I intend to do so. Although most of us may inevitably end up losing this battle, it will be amusing to watch what happens when the mortgage companies are inundated with properties and still have to pay taxes and all the other luxuries of owning a home on their own.

I'm quite interested in hearing more about the class action suit mentioned.

EDIT: Jeanean..For some reason AFS e-mailed your "blog" to myself, to whereas I decided to check and see if your "blog" is on the AFS site, and it is..From what I understand TBW is on the list for "tarp funds" while clients of (TBW) have started a "class action" lawsuit against(TBW)them for insurance fraud, tax fraud, mortgage fraud, etc. form of fraud..I suggest you and anyone else interested in becoming a part of this lawsuit... "Good Luck & Don't Give Up!!".. :o)

I need to get this information out to everyone. Every one who has had a problem with TBW neeed to contact the president at

The president has approved TBW to modify peoples loans to stop forecloser TBW will receive a
huge sum of money, when they can't even manage what they have now We have to get the true story out about TBW.
Also contact Glenn Bec out of New York.
Also contact Lou Dobbs, Mark Davis, and Rus Limbough

I will get contact for them soon.

Thank you for your help. I tried to post this info on AFS blog but it would not let me.

Thank you for your time and every thing you do
Have a Blessed Week end

Sandy

Im currently having issues with TB&W, mid way through Jan. my mortgage guy called to request a payoff sum (we are refinancing for a better rate). The fought him for nearly a month. I paid our feb. payment online. I thought everything was taken care of, we'd owned our home 6 years prior to TB&W purchasing the loan. We were never late, in March I discovered that TB&W had refused the payment from our bank. They claimed insufficent funds however..... there were more then enough funds, and our bank backed us that the payment was refused. When I called them yesterday and this morning I was told the same thing.... we had to pay last month, this month, and next month, or they would be foreclosing. Ive owned this home for 7 years, last Oct. we were broken into and the home ransacked, the insurence check had to be indorsed by TB&W, we were told 10 days tops, it took them 2 months to get us the funds, during which time I was living in a broken house...tile was broken, my counters, and my sink no longer worked. I have 3 children and a 4th well on the way, money wise we are ok, but we still might lose our house. Im terrorfied and interested in anything people can tell me.

Well the asshole just sent me papers that they forclosed on me did even send me a letter on when court date was it was yesturday i hate tb&w i wish sombody would do something about these assholes

Well, 5 months after sending the original financial forms that asked for and about a billion phone calls to TBW, we finally got our answer..no modification! Now they are saying we owe 4,000 more for the legal fees because they hired the attorney 2 months ago (even before they told us no)...we are going to resend new financial papers telling them that we will get rid of some debt (let the car go back...get rid of some insurance payments ect)...I'm just hoping that they will hold off a little longer to get these papers. They would not even counsel us as to what other options we have now. James, don't give up yet...keep calling them asking what other options you have! Write to their lawyers and tell them you contest this foreclosure, it will buy you some more time because their lawyers will have to write back to TBW telling them you are contesting this...it may not help the cause but it will buy you some more time!

So i was woundering what is going on with the law suit and what is going on with our goverment why if they just got that big bail out it is going to places like tb&w and aig where they are still ripping ppl off for example tbw why should they worrie about helping us they are foreclosen on me for 138.499.50 but in november after i paid them in july aguest and september for loan mod they sent me papers they wanted me to sighn for 149000 more then my house appraised for but now today i recieve papers that they when to court yesturday and had the forcloser closed out and didnt even recieve a notice,but i have fha inshured loan and they got what they wanted because now the government will now pay them what i owe and they will then inturn sell it in sherif sale and then get bail out money and before anybody replise a smart ass coment that i should of paid my morgage weill i was laid off and whent back to work and tryed and they would not work with me and then when they did they made it where i could not do there fing loan mod and they new it so anyways what the hell is wrong with world why is this tuff alod to happen i thought america was suppost to be the place tp live and now we are all going threw this recesion and losen everything that we have worked so hard for.I am sorry if i rambled on but you what i have 3 kids a wife and my life crashing to the ground and this is the only place i know i could say something about them and it might get notice because have writting obama and never had even had a email saying they have recieved it so whatever

PLEASE someone help me...I am a single Mom and I have a mortgage loan with Taylor, Bean and Whitaker and my payment went up $154 a month....I can't afford that .....HELP!!!!!!

You want to make sure that everything you transact, weather through e-mail, regular mail, etc..Make copies for your records and evidence..If you chose to e-mail please put something in the subject area, otherwise delete messages without opening them..TBW has committed "fraud" against thousands of their clients and supposely the word is they filed for a "tarp fund"..Going to try and stop that..We are all in the same boat, "but" the difference between the boat "we" are in verses TBW.."We aren't in the Titanic..TBW is!".."Hang in there Dana".. :o)

We are having problems too with TB&W. From reading this blog I am in tears. My husband has had a major reduction in hours. We have been on a repayment plan twice with them and completed it everytime. Now we are two months behind but come the 15 of April we will be 3 months behind. I sent in all the paper work for the so called modification and was told to call backk a week later to see if they recieved the paper work. After waiting on hold everytime I call for over an hour I am told over and over again that we 1,900 or something dollars. i tell them I am aware of that I am calling to see if they have recieved our paper work. They yet tell me now. They are back logged and to give it two more days. I have two small kids, waiting on hold over an hour is almsot impossible.. Especially 3 or 4 times a week. So, now today they tell me that it may take 2 weeks for them to get our paper work. That I should refax it jsut incase they havent recieved it. So, I said is there another way I can get it to you becuse obviously the fax isnt getting to them, the first time they told me no jsut fax it. Then today she said i could email which I did. We are over 45 days past due. They also told us that when our paperwork is recieved for the modification it would stop all forclosure paperwork. But, I obviously cant take their words for crap.. I am so scared. I dont knwo what to do.. Its 3 am Im not sleeping.. I cant sleep. How can I? Can someone please guide us. We are a young family. and we have two small toddlers.. where will we go what will we do?? please god. .. thanks

I met with my Congressmas office this week we need to do these steps to intiate a Congressional investigation into TBW and shutthem down. President Obama releasel 900million dollars for them to restructor and make good on loans that were bad. file complaints to the following we all need to request a congressional investiation. Every one needs to contact your state Senators and don't take no for an answeralso reportall of this to the Inspector General
U.S. Dept of Justice
Investigatios Division
Wasjington, DC 20530
Fraud Dept

Miami Fl office

Inspector General Washington DC

Please post this if you want to I can not post anything I don't know why but I am still workin on this very very hard to help every one who is suffering from TBW


My wirless interne has been out for almost 2 wekks but now I am back so lok for lots of emails please stay in contact

Thank Sandy

Today is the final day to make my payment otherwise a late will be put on my credit report.

I called TBW's 800 number and I either get a recording the number has been disconnected or a busy signal. (888) 225-2164.. The only way I got thru was calling the long distance number 352-671-0250.

I found the automatic payment number on TBW's website. BillMatrix Phone Check System:
1-866-680-5509. That is the direct line to pay the mortgage instead of dealing with TB&W's phone bank.

It appears to me TB&W doesn't like to talk to customers. I called various times and the hold time is consistently 58 minutes. Its like they have an automatic hold. And make you wait 58 minutes before you can talk to a real person.

I asked about the Mortgage Assistance Program and got blown off. I am having SOME problems making my mortgage payment and I bust my butt every month to make it within 30 days. They refuse to work with me. I am not in foreclosure, but my hours got cut with my job. I am going without groceries and doing my best to make sure TBW is paid. I am on a Debt Management Plan with my credit card debt. I have a high Debt to income ratio.. But TBW says they won't help me. They tell me they have enough people to deal with who are foreclosure or pre-foreclosure than worry about my situtaion.. The problem is my fault. I got into this financial situation on my own.. but if there is federal help available to lower my payment or rate for at least a few months till I can get my hours back again.. TBW should work with me. Afterall, they are receiving tarp money to help people.

Tabby...I am in the same situation..my husband's hours were cut down and I am current with my payment with TB&W, but we are struggling making the payment...Last month we were left with $40 in our account and I applied for food stamps and Welfare denied my application, so I went to the township and thank God they gave me food pantry and I have 3 kids...6,3, and 1....And it is not my husband's fault that the company where he works decided to cut his hours...and I explained that to TB&W and they told me exactly what they told you that because we are current with the payments, we will not be their first priority...and I asked them..how about if my husband gets laid off...they said...they will not work with us....I am very depressed with all this situation that I feel like telling them to take this house and shove it you know where...They said that people are taking advantages of the economic crisis situation, but I was taking advantage I wouldn't call them to try to resolve this problem...I just simple will stop paying...But I guessed they are not used to honest people like us..

I mean it is my fault we ran up debt in the easy credit world. But, its time to pay off the debt.. :)

As far as my hours being cut, not my fault.. But The hours are coming back and then some.

I don't want to take too much advantage of the system. My wife and I are still full time employed, we have insurance, and there are people in much worse shape than us. Right now I view my financial situation as a short term problem. Its funny TBW won't give me the time of day to work out a short term solution and make me current so I am not 25-26 to 30 days late.

Knowing TBW as thousands of us (clients) victims of fraud, no doubt when TBW gets their $900 million from the "stimulous plan a.k.a. tarp"..thieving, lieing, rotten parasites will give themselves "bonus's" for bulking out millions of dollars on their clients..TBW's judgement day will come, and we can all sing, "Oh Happy Day" or "Don't Worry, Be Happy".. :o)~~

My mortgage payment went up $800.00. Before I fell behind I asked TB&W to modify my loan. They said they wouldn't because I was not behind. They also told me there was not program for me to reduce my payments because my loan was not through Fannie Mae or Freddie Mack. That was a lie!!!! I've since fellin behind, completed rework out paper work, and Stephanie in loss mitigation refuses to return my call. I was told it would be 2-4 weeks, then 4-6 weeks, then 6-8 weks for her to review my file. To this date, Stephanie has not returned my call. Now I've been served with forclosure summons. My plan now is to get an attourney!!!!

I'm a victim of mortgage fraud perpetrated by TBW new construction loan dept & their appraisal. If you have negative experiences with the same dept, please contact me!

I have called,emailed,wrote letters,and sent registered letters to ensure receipt of my correspondence.I have called Sandy and she seemed real and I had hoped to hear from her prior to me losing my home.I have been in a MVA and lost a great deal of income.My son enlisted in the Army to help out as there are no jobs in Las Vegas.I sent the mod sheets .I have done all that TBW had and has asked on their sight .
I am appalled that this administration has not stopped these bottom feeders to prison.I campaigned for Obama .I am a republican but the attorney I work for convinced me that Obama would be the answer.Should I regret that decision?It's only been a few months.I have asked for a deed in lieu of foreclosure but have not gotten a response in 5 weeks.!!!!!!
I am to the point that if they want this home so badly ,come get it. Come take the key from my hand Farkas.Really ,I have paid every freakin bill on time and you won't answer or return my freakin calls????????????How do you sleep at night?I am an investigator in Nevada.After I lose my home ,I will make you my project.I will find something on you that you wish would stay in the CLOSET.....

It's a losing battle, I'm afraid. I too, have communicated with TBW since I lost my job March 13, 2008, starting the minute I pulled out of the parking garage in Boston, MA. I immediately felt it was my responsibility to contact them. I paid my mortgage weekly and had NEVER been late. It is now a year later and the loan modification submitted by a non-profit was REJECTED....they refused to lower my payment for 5 years....they are not interested in renting the home back to me...and finally just received the Land Court filing...I have done EVERYTHING and more to be an honest person with them. IT'S A WASTE PEOPLE, I'M AFRAID. Now I'm trying to contact them to tell them that they can have the home....and I'm still put on hold for over an hour! At this point, I'm half packed, bought a camper with my fiance and we are headed SOUTH and living frugle. I will rebuild better than ever! Good luck to all!

It's a losing battle, I'm afraid. I too, have communicated with TBW since I lost my job March 13, 2008, starting the minute I pulled out of the parking garage in Boston, MA. I immediately felt it was my responsibility to contact them. I paid my mortgage weekly and had NEVER been late. It is now a year later and the loan modification submitted by a non-profit was REJECTED....they refused to lower my payment for 5 years....they are not interested in renting the home back to me...and finally just received the Land Court filing...I have done EVERYTHING and more to be an honest person with them. IT'S A WASTE PEOPLE, I'M AFRAID. Now I'm trying to contact them to tell them that they can have the home....and I'm still put on hold for over an hour! At this point, I'm half packed, bought a camper with my fiance and we are headed SOUTH and living frugle. I will rebuild better than ever! Good luck to all!

to find out if any of these programs will work for you.
If you have an FHA loan contact the fha people and explain to them, if you can afford the payments but just got behind from some reason then they will contact TBW if your are denied a modification.

Also, if you are served forclosure papers from a court then please write the court a letter with all copies of what you have sent TBW and a list of all phone calls ect. This way the judge will not grant the foreclosure until TBW or their lawyers have to respond to your "response" to the judge. Also, write the same letter to the lawyers that they hire and include a page that says you are disputing this legal action! It will hold off the legal eagles for a little while also while they have to contact TBW to get more information.
We have not made a payment since September 2008 but have been calling them and sending everything that they have asked for since September 2008 when we realized we could not make the payments.

This is what I have been doing, we were told the modification was denied, but we just resubmitted the financial papers showing a few revisions (got rid of a debt) and now we are waiting again....we were told it could be as much as 10 weeks before they get to the new financial papers that we submitted. I realize that most of this is probably a futile effort but I'm putting them into the position to have to work it for all I can get!
I too cannot get anyone to answer my calls or return calls..always on hold for over 45 minutes for every single phone call I make to this company!

YOU'RE NOT GOING TO BELIEVE THIS! I sent an email this morning to all Taylor Bean contacts that I have in my email address book telling them that I was prepared to vacate the property and that I that I wanted to turn the home over to them. I HAVE BEEN INUNDATED WITH PHONE CALLS AND EMAILS. I finally got THEM to contact ME.

One email was returned as undeliverable, but all others were received. I even received an auto response that I would be contacted in 24 hours. I was contacted almost IMMEDIATELY.

Good luck to all!

I too had problems with TBW and do have a lawyer and we are looking into making it a class action. This lawsuit has nothing to do with predatory lending or subprime. Our case has to do with HUD proven RESPA violations and also on their improper handling of impound accounts. If that has happened to you and you have documentation. Who you called and when, emails, etc... please contact me by posting. Put TBW in subject line and briefly tell me what your problem is. If it fits in line with mine, I will forward onto my lawyer.

If anyone is either interested or already involved in a Class Action Lawsuit against Taylor, Bean & Whitaker, would you please contact me.
Even if you just have a horror story to share.
I have hired an attorney and he wants to hear from more people and lawyers.
Thanks....Noobster

I have also assembled a forum for those of us with issues with T,B&W so that we can communicate easier.
There are sooo many people right now that feel that there is no hope...but I assure you that there is...and something IS in the works...so please join the forum so we can support each other.

I have all the same problems with TB&W. They wont pick up or even give you a call back. Ive called Farkas and left him messages and nothing. I made phone calls to my Attorney Generals office and asked if they can call them. They did and thats what it took for me to get them to call me back. They said they recieved my fax on april 13 but no one is assigned to it yet. Its the 30 already. But its a 8-12 week process. By then your in pre-foreclosure. They also had screwd up my escrow and held mortgage payments for 2months which went on my credit. My wife and I hate this company and we want to join the fight against them. I have friends in the banking industry and they are willing to help out too. There VPs of banks.

Josh....please take a look at this.
We are trying to assemble everyone that is willing to fight back into one area so we can communicate better. Beleive me...something is in the works and people are working hard to make it happen. Please help us in this fight....strength is in numbers. You will find my story there as HeatherP.

He will lie out of his ass; try to pacify, intimidate, threaten, make broken promises..Whatever it takes to get you to go away, this lowlife "parasite" will do..Both my husband and I have spoken to Mr. Weezle (oops Weitzel :o) on the phone and via e-mails many times, and I can assure you without a doubt "he is your enemy, like all employees of TBW are!!"..He/TBW and their Missouri co-conspirators are part of this "mortgage fraud and mental anquish" against us, that is part of the suit.."Watch your back with these parasites, but at the sametime, don't take any of their crap!!!"..
Then fill out a complaint against TBW or anyone for that matter..Your complaint will be on file, and scrolled..The best thing is, your complaint will appear on "all search engines"..Meaning say if someone typed in their browser Taylor, Bean & Whitaker or whomever you fill out a complaint against..That complaint will appear not only on the rip off site, "but" every search engine on the web and "cannot be deleted/removed"..

"I sure hope all this information is helpful for you..Don't worry if you don't get replies back from those I didn't, because that is actually in your favor!"..Save all your e-mails.."Good Luck & Hang In There!!!"..Don & Wanda . :o) Below is what I just posted on Rip Off Report site..


Received notice today that there is going to be a Congressional Investigation into Taylor, Bean & Whitaker for conducting business illegally and shut them down..President Obama released $900 million dollars (stimulous plan) for them to restructor and make good on loans that were bad..TBW has also been reported to the State Representative, Inspector General and etc. etc. agencies..If you as well as thousands of other TBW clients have fell victim of 'fraud' to them, weather be 'illegally foreclosing, tax, insurance, mortgage fraud, etc.' contact:


NOTE: THE ONLY THING TBW MAKES GOOD ON, IS MAKING MILLIONS FRAUDING THEIR CLIENTS..

I made an entry on March 12 as follows:
We have been trying to "work" with TBW since October when my husbands job went down. So far we have sent them every paper they have asked for, every paycheck stub..ect...Our HUD couselor even sent them everything twice! (they said they never received it!) After months and months of being on hold for over an hour, and being told to just be patient because they are back logged, guess what? We got papers served last week that we are being foreclosed on. They never told us this, they just contacted their lawyer and said to file. I'm so upset, mad, ect. After all this time of asking for loan modification they do this to us.

Guess what they are still saying..."I see that "someone" is working on it,...be patient!" I'm about ready to pull my hair out, this is causing so much stress for my family I can't even describe it.

I'm going to tell them to "show me the papers", I hear it will make them have to stop foreclosure and actually produce the paperwork. Any one else do this yet?

It is now May 1st and we STILL have not heard any good news. Every single phone call gets the same answer "no one is assigned the case yet". I recently got a job and we submitted my paychecks but who knows if that will help at all? Probably will push it off another few months. I wanted to comment on the people who had the insurance and tax payments problems..we also went thru that mess and the insurance that they put on our home was 2,000....AFTER our insurance lady faxed our papers to them 3 times! Our assesor told us that TBW is the only company that she knows of that does the taxes in a different way than all the other banks. Since we have not been able to get a modification yet or make payments I'm figuring our insurance will have to be paid out of our pockets (which we can do) but it's just the crazyness of all this! I need to call them again today....it's been a week, but I know what the answer will be AGAIN!

I too, Jeanean, am in what seems to be the EXACT situation. I lost my job on March 13, 2008 and have since been doing temp work, nothing which will allow me to catch up or continue to pay my $2300 mortgage.

3 Weeks ago an "Amy" told me to list the property for 90 days to see if we could short sale it. I listed it with a Remax Agent and I have had 3-5 showings a day. Last Saturday, April 25, 2009, I recieved a letter from a Boston attorney indicating that the foreclosure sale is on May 29th. I called the attorney AND Amy four times thus far for clarification. My realtor has also called three times. I just don't get it....if they are understaffed....I'LL TAKE A JOB! I'm so exhausted with dealing with them....

I had posted a while back about TB&W. We submitted our modification paper work twice. The second time they claim they recieved it. I even went thru the whole thing with the HUD counsler and they sent them that paper work. The first told me that the modification would take 4-8 weeks now they say that it will take 8-12 weeks.. SO, now I sit here and wait. They said not to call and ask about the modification they claim it wont speed it up. We havent mad e apyment since January. So we are about 4 months back. When they do forclosures how long does that take.? Do we get something telling us waht they are doing..? Isnt there a time limit on how long they can take to do the modification. Wouldnt you think that when obama passed this new thing he would say ok, the company has a time limit of 3 months to approve or deny someone? I cant understand how they can drag thier feet so much.. Are we supposed to get some kind of info on what they are doing? Im really worried. I have 2 small kids and I need my house....

Just an update, TBW hired an attorny in Jacksonville Duval County Florida to sit in on the foreclosure hearing (this was my second time before the judge) this time I fought back, prepared my own breif with exhibits siting fraud and sent then the "Produce the note in 30 days" documents it worked. The judge ordered a court appointed mediator and made TBW pay for it, the other attorney wanted a different mediator but I told the judge the I objected and felt the her recommendation for the mediator would make me more comfortble..... she stopped the foreclosure and told the other attorney she did not want to see this case again in her court.... we have contacted the local FBI Mortgage Fraud division and have an appointment with them. They are under investigation in many states for receiving stimulis money from the government and mine is a FHA HUD loan. Keep the faith!!!! We are looking into filing a wrongful foreclosure and fraud case in civil court siting emotional distress. But the key is to keep all correspondance from everyone, document everything and look at your original paperwork lok for discrepencies, inflation of income, if you pay child support and they did not check the box, loan type, and GO TO THE HEARING prepared because 9 times out of 10 they hire a local attorney who does not have all the information just what they are given and the court is getting sick of it!! If you can't aford a lawyer go to your local legal aid office and they will help. We have to make sure all the complaints get filed against TBW so that the courts can see all the evidence against them and theat it is wide spread and large!! Don't give up FIGHT BACK and use the courts againts them!!!!!!!

I live in Illinois. I went to my senators,congressman and state reps office today and no one will help. Called local FBI fraud department and they cant do anything. Filled with my Attorney Gens office but there so behind it wont help in time. Does anyone have ideas on how I can get them to listen to me. Its driving me crazy. Can anyone tell me who helps the American Citizen anymore?

We also submitted a modificatin request on 03/02/09 after talking to someone at TB&W about our financial situaiton. We submitted all paperwork and were told our packet was sent to a modifier on 03/12/09 and it would take 6-8 weeks to hear. We spoke to her on 04/13/09 and were told they were still working on it and we should hear something in 2 weeks. On 04/16/09 we received a letter from TB&W thanking us for our service but as of 05/01/09 "the servicing rights to our loan have been sold". Basically, we will not act upon your modification request, we are not servicing your loan anymore......good luck. Very strange that we have been with TBW for 5 years, never late, never an issue.....now 2 months behind and request modification and they sold our loan?? To anyone running to the mailbox like we were to see if we got anything from them, dont hold your breath!!!!!!!!

I am at a complete loss of what to do now. We had our house forclosed on by TB&W back in Jan 2009. We went to court already once for eviction and their lawyer did not show up, so the judge dismissed the case and now we are facing a second court date. They have never contacted us about "Cash for keys" or even to rent out our house back to us. I have talked to several lawyers and they all say it's a losing battle. I do not want to leave my house!!!! Does anyone at all have any recommenations???

I also have been trying for months to get TB&W to help me get my loan modified. I believe I have been getting the runaround because we are still current on our home, however have nearly depleated our resourses to stay current. It seems that the left hand doesnt know what the right hand is doing. If I am forced to go delinquent on my payments which would damage our near perfect credit, my wife and I have decided that they can have the home back as its worth $100,000+ less than we owe on it plus all the money we put down. Why would I want to mess around with this merry-go-round if they arent willing to work to help responsible people who are trying to do the right thing. about ready to let them have this house back and let them mess with the loss. Dont know what else to do. Help!

Josh, Tammy and Jeff...please contact me at
There are things in the works that will bring TBW down. We need to get everyone in one place so we can all communicate better.

TAYLOR, BEAN & WHITAKER CONGRESSIONAL INVESTIGATION FOR CONDUCTING FRAUDULENT BUSINESS

Received notice today that there is going to be a Congressional Investigation into Taylor, Bean & Whitaker for conducting business illegally and shut them down..President Obama released $900 million dollars (stimulous plan) for them to restructor and make good on loans that were bad..TBW has also been reported to the State Representative, Inspector General and etc. Etc. Agencies..If you as well as thousands of other TBW clients have fell victim of 'fraud' to them, weather be 'illegally foreclosing, tax, insurance, mortgage fraud, etc.' contact:


NOTE: THE ONLY THING TBW MAKES GOOD ON, IS MAKING MILLIONS FRAUDING THEIR CLIENTS

People! You have to call these numbers...don't just set back and think the other guy will do it....we have to have numbers for this company to be put down! Don't hesitate, call the numbers and complain about the things that you have been experiencing! You can be a mover! Make things happen!

We can make a difference on this!

Pick up that phone, and call your representatives that were listed earlier in this forum......thanks!

I have had to obtain a new forum for people to gather. Please join and post your story if you have been negatively affected by TB&W. Sorry to have to direct you elsewhere, but the old forum just wouldn't keep the proper settings. You don't have to register to get access to posts or to post your story.
Also...please feel free to contact me if you are interested in fighting back...we need as many people as possible.

Anyone else receive an email like this?


Good morning Denise, I am emailing you from the origination center with Taylor bean and Whitaker. Please give me a call so that we can take a look at some new options. My department is call Loss Mitigation Intervention, there are no guarantees but let us take a look at the situation in its entirety to see if we can help.

Thank You and Have a Wonderful Day.

Pedro
Loss Mitigation Intervention Team
Client Manager
Taylor, Bean and Whitaker Mortgage Corp.

Hi Denise..No I haven't received squat from any employee including the founder/chairman .."Watch your back, and "please don't trust anyone from TBW"..They are all "scammers".. I've dealt with them since 2007 and I can assure you, they are "liars" and benefit from frauding their clients..

Oh...I have over a year of experience begging, pleading and crying over TBW....I know first hand. I wanted to provide another contact for the people who have not had any success with contacts at TBW.

This was my response:

From: Denise
Sent: Wednesday, May 06, 2009 8:29 AM
To: Williams, Pedro
Subject: Re: New Options



Very interesting that TBW would contact me NOW. When I submitted a loan modification solution through NACA, nobody responded and finally rejected the solution. There has been absolutely NO communication from TBW for over a year. I have struggled, begged and pleaded with you and your representatives. Now, it is TOO late for me to save this home. TBW has RUINED my credit by tying FORECLOSURE PROCEEDINGS to my credit reports....and at this point, TBW can have this house.

Thank you for your dead-end offer, but I am unable to afford this home nor pay the more than $290,000 mortgage on a home that is worth less than $220,000.

TBW RESPONSE:

I am not in the Loss Mit Department so I can only comment on the options that we have her in this department. We have only been doing the interventions for about 8 months now. Prior to creating this department I worked with the Origination center as a loan officer. I am still considered to be an originator but it is a little different. As an originator on the other side I would tell some that calls in that we could not help them if they are delinquent. On this side as originator it is my job to make contact with customer that have gone through the Loss Mitigation process and been denied. We have most of the same guidelines as a normal refinance but because it is not normal circumstances we have look at it differently, which opens doors that can be accessed by Loss Mitigation. All we can do is try and if you have income the possibilities are there despite your scores.

"Right On Denise!!!"..On your reply to this Pedro Williams from TBW..I would even and report this character, so his e-mail and your "fantastic response" will appear on all search engines for the world to see.."Oh hell yeah!!!".. :o)

I think this is a load of bull. If there was such a department and it's been going for around 8 months then how come we haven't heard from ANY of the people that have posted above about being contacted by this department? How come we haven't seen any success stories relating to this department?
Way to go in giving him a piece of your mind Denise.
I think TB&W are scrambling to get all the money in that they can before the Congressional Investigation starts. Anyone have any other news on that? When it's going to start? Who filed it?

Also....Wanda...could you provide us with some links with info on this Congressional Investigation? I've done some searches but haven't been able to come up with any info about TB&W being investigated. I'm meeting with my Attorney today and I would like to provide this info to him.

Noobster & Others.."Sandy sent out a "notice" that there was going to be a Congressional Investigation/panel into Taylor, Bean & Whitaker..People, we need a law firm that is willing to take on "one class action lawsuit" for the thousands of clients TBW has frauded..Noobster can you find out from your attorney what the statue of limitations is on a "class action" lawsuit please?..July will be 2 years I have been dealing with these (TBW) parasites..Thanks..

Wanda, I've been in contact with Sandy as well and she told me to do a search for Congressional Investigation Taylor Bean & Whitaker but have not been able to find even one article about it.
I have also been told that we don't need to file a class action lawsuit....we need to file a "jointer" federal lawsuit. I'm not sure if that's the right term or not. Sandy is the one that told me about it.
The difference between the 2 is that in a class action lawsuit you have to have 200 or more people to even file it if it's not contained in just one state. Only 40 needed if in one state. The case is looked at as a whole and ruled on as a whole and you can't add additional people to it once it's filed.
In a "jointer" (again not sure of the term) there is NO MINIMUM amount of people needed to file and the cases are looked at and ruled on on and individual basis also..new people can be added at any time after it's been filed.
So we need to turn our attention away from a class action lawsuit as the Attorney's are the only ones that win in those.
We will not be able to find an Attorney who will take the case "pro bono".
My attorney has admitted that he is a small lawyer in a small town...but he was willing to take on our (my tb&w issues) case. I'm not sure how far he's willing to go with it...but he's mentioned class action as well.
I will find out more from him today as we go over TB&W's latest effort to screw us over.
What I would like is a complete list of names so we know how many people would like to get involved....SO EMAIL ME OR JOIN THE FORUM BY CLICKING ON MY NAME PEOPLE...let's get this ball rolling.

Heard that President Obama ordered the Congressional Investigation of TB&W. Apparently they can't legally Foreclose on ANYONE at this point.

Interesting. Can you tell me the source you heard that from? There is a foreclosure sale scheduled for May 29th. I would really LOVE to see the information on that!

Looks like TBW has quite a few suits against them....(I found this comforting)

I wish I had a "clickable" source but at this moment it's just word of mouth. I have been searching for days for any information on it and have found none. Thanks for the link with the federal lawsuits against them right now...very enlightening. I will definately keep searching for something about the Congressional Investigation and post anything I might find.

TBW suggested that I use HOPE ALLIANCE for a loan modification. Then...I found this!

I'm not sure why they suggest ANY agencies to assist with modifications when they won't work with anyone or agency to modify loans. They suggested HopeNow for me back in December of 2008 and then refused to talk to them when we conference called them.

Just waited on hold 1 hour and 45 minutes spoke to a rude black woman whos name was Burnetta and she said that they recieved our modification paper work on March 30th (lie) they got it the 17th, and that we will not know anything for 8 - 12 weeks and the negotiators do not post updates about what they are doing. And she said that we are in immenant forclosure. That the paper work is being filed out now for the forclosure. And us filing the modification does not stop the forclosure. I asked was this agaisnt the law, she said no and hung up on me.

What the hell do I do now?

Dusk,

I would call Hud even if you dont have a FHA loan. Try to get a hold of a local branch of hud but usually they make you deal with the 1-800 number. I too had problems in the middle of escrow and took me some time but I eventually was able through the 1-800 hud number to leave a message and they called me right back and had TBW pay me money at closing. Then they later screwed up again and yes their customer service is a joke. So I called HUD again and that got their attention again. Even if you cant speak to someone at HUD, call a TBW contact and say you got their number/name from HUD. It perks them up. HUD hates TBW, they told me of all the problems they have, wish they would post that on their website for us tax payers who support HUD to have that knowledge. Government's true purpose is to protect the rights of the people. I know its easier said than done but it can be done. I did it! Just don't be afraid to be one hell of a pesky B***

I am very interested in joining all of you who are looking sue TB& W!!! Please, I am begging anyone who can give me a point of contact cause we are just 1 1/2 weeks away from being evicted from our house and I a going to court on May 18th to try to fight to stay in my house after TB&W unjustly foreclosed on our house back in Jan. We went to court once already and the lawyer representing TB&W did not show up so the judge dismissed the case, but now we have received another notice for a court hearing and I am in dire need of any strong info to present to the judge so that he will dismiss the case again. My 3 children and I are in shambles trying to do anything to get justice from these crooks. I have spoken to a real estate lawyer regarding anything that could be done and told him how hundreds of people are trying to have a class action lawsuit against TB&W and he said he didn't hear anything about it. Again I am in desperate need of strong info so that we can keep our house. Thanks to anyone with any and all help!!!!! Please contact me on this site asap

another section on AFS that has more complaints against TBW.."Oh course there are nice gestures about TBW, but those "blogs" don't want to lose their jobs with TBW by stating the truth about it.. Sandy is the one that stated in the beginning about a "class action" lawsuit, "but when I didn't hear from any attorney/lawfirm about joining this suit, then I lost hope. you have to realize all of us "clients" are scattered all over the states..You want a class action that will cover everyone from every state that has a claim against TBW..Wouldn't be fair and definately wrong to have X amount of people for one state and file a claim..I will keep surfing the net about this Congressional Investigation Sandy mentioned, and do more searching..Earlier, I went to TBW's web page and I sent all their "affiliates" that are mentioned on the site, most of the complaints against TBW and suggested they no longer do business with them..I don't expect a reply but at least these affiliates will see the hundreds of complaints and back away from further business with TBW..P.S. Does anyone know the statue of limitations on filing a suit against TBW..July will be 2 years non-stop I have been dealing with these "parasites" and I sure don't want the statue of limitations of run out.."That would suck bigtime!!"..

Wanda I realize that there are people from all over the U.S that are having issues. I wasn't suggesting to only have people from one state file a C.A. Lawsuit. I was stating what's required to file. The class action lawsuit however has to have at least 200 people to start it if they are scattered across the U.S..the case is ruled on as a whole and AND there has to be ONE common factor that has happened to all of us. That is ONE thing that has happened to 100% of us and once it's started nobody else can be added to it...so those who are just happening on all this info and want to join the class action suit after it's filed are on their own.
The other federal lawsuit that Sandy mentioned (jointer?)is completely different and has NO MINIMUM amount of people that have to be gathered to file...people CAN be added after it's filed...and it's looked at and ruled on on an individual basis. Each persons file is ruled on accordingly. I'm not sure if it has the same requirements as the class action as to everyone having to have ONE common factor though as I haven't been able to find any information on it.
I have been in contact with a lady that says she has found an Attorney in California that is interested and is already involved in a case against Countrywide and Bank of America but he says he would like to talk to peoples Attorney's and would need to find that "hook" that unites us all and against which we can file. I will get more information on this Attorney and pass along the info.

About Taylor, Bean & Whitaker
Post Friday, March 13, 2009

44 Count Indictment Returned Against Warren
Christopher Jared Warren, 26, Folsom, California, and Scott Edward Cavell, 27, Sacramento, California, were indicted on 44 counts of wire fraud, money laundering, passport fraud, and aggravated identity theft, related to the theft of more than $7 million from a mortgage lender and the purchase of millions of dollars of gold that Warren took to Lebanon.

The indictment alleges that Warren and Cavell used their Sacramento mortgage brokerage, Triduanum Financial Inc. to steal more than $7,000,000 during a two-month period, from December 2008 through January 2009. The indictment describes how Warren and Cavell misrepresented many facts to lender Taylor, Bean, and Whitaker Mortgage Corp. ("TB&W") of Ocala, Florida, in order to make Triduanum qualify as a "correspondent lender" with TB&W. As a correspondent lender, Triduanum had authority to approve mortgage loans by "locking" loans and then selling them to TB&W, the "sponsor" lender. Triduanum was responsible for verifying the accuracy of the loans and for complying with money laundering laws.

The indictment describes how Warren and Cavell, using Triduanum, approved mortgages, but instead of funding the mortgages and recording the deeds, the two simply stole the money TB&W wired from banks in New York and Alabama to River City Bank accounts that Warren and Cavell controlled. Altogether, they stole more than $7,000,000 from 28 wire transfers.

So, we called TB&W back back. And they said that the paper work that we filed was no under the Stabiltiy act that the president signed. The guy on the phone claims that TB&W is not working with that act as of yet. He claims that some banks are but not them. When I first heard of the Stability act I heard of it off the web and was told by TB&W that it went into affect March 4th, the man I spoke with on the phone says no, it was written March 4th. I cant understand. I was told because I have a freddie mac loan that I would have a better chance of getting approved for the act. TB&W has lied to us so many times. Its one lie after another. They claim that what we filed for was a hardship. Thats not what I was told. They said that they recieved our paper work for the hardship March 30th, that isnt true either. I faxed it to them the 17th I have the reciept. So, they said first if was 6-8 weeks for the hardship to go thru, but now they say 8-12 weeks. They also said for me not to call back and check on the status because they wont be able to tell me anything.. Kinda weird. Because if I hadnt called today I wouldnt have known that we where in forclosure. They guy claims that if we send them 2 payments a total of 1,505 dollars that it would stop forclosure. But, because the forclosure papers have been filed out and we are 120 days past sue that the papers could be sent to the lawyer any minute.. And when that happens we will have to pay the total due which is like 3,900 plus fees to the lawyer.. Im going to call freddie mac. And explain to them that TB&W wont even accpet one payment. They want two. Knowing that my husband hardly has any work. We are on food stamps now, and we cant get TB&W to listen. I told the man on the phone that I have to small children and his response was "AND"??? I was like Good Lord how heartless could one be.. Im also going to call legal aid. My whole life is phone calls.. I dont knwo waht to do. Im so scared.

Idiots

Taylor Bean & Whitaker Mortgage Review..

Here is a Investigative Journalists for each state. I think we should all start contacting the ones in our own state and possible reach out to ones in our surrounding states as well. Try to get the word out publicly about what TB&W is doing.

I urge EVERYONE with a mortgage through TB&W to read what this man has to say. This may come in helpful for A LOT of people.

Here is an interesting story about TB&W not being able to provide to "original note" in one case...and their apparent falsification of it.

I will also be posting.

I have been a busy bee this morning. I called the FL Attorney Generals office today and they confirmed the HUGE amount of complaints being made about TB&W, but couldn't confirm any investigations going on that had to do with them. They advised me to call the FL Financial Regulations Dept, which I did, but they could not help me becuase my house is located outside of FL. For FL residents...please do.
They told me that I needed to call my own Attorney Generals Office and speak to someone in the State, County and Local Consumer Protection Dept, which I did. They did tell me that my complaint had been filed and I would hear something back from them within 15 business days. They told me to call back next week to check on it and definately call back if I hadn't heard from anyone within the 15 business days.
I decided to go one step further today and called my Congressmen who happens to reside here in our town. His wife teaches at my children's school. I wasn't able to speak to him directly today, but was put in contact with one of his aides that took all my information and assured me that it's definately going to be looked into. We spoke for quite a long time. By the way Wanda....they DO read the rip off reports....he actually read me some of one of your posts.
He emailed me a consent form so he could talk to others on my behalf so we'll see what happens. I will be posting this info on my forum...and any updates will be posted as well. Just click on my name to get to the forum....and please join and share your story.

I called HUD, I clled Freddie Mac. They all say the same thing to stay in touch with TB&W.. For what??? They are all a bunch of liars. They wont accept one payment. They have to have two.. Which to me, if they where working with us they would accept jsut one. I feel like I cant get any help anywhere. The lady from TB&W said that the comments that where told to me by Mike from TB&W when I called the first time where not in the notes.. Uh, well why would they be.. THey fabricate what they want. Its like me fighting the whole mortgage company.. I know where are behind im not denying that. But, geez, they are so nasty and rude and not helpful at all. You would think that they would want to help us stay in our house... But it seems other wise. Im emotionally exhausted from dealing with them.

Dusk...have you filed a report with the FL Attorney General and with your own states Attorney General? I know you can file a report on FL's Attorney General web site and I was able to on my own states A.G's website as well. Have you written or called your Congressman or woman? Do you have any way to record your phone calls with TB&W? They probably will refuse to talk to you though if you advise them that you are recording the call...which you have to do.
HUD can't really do anything except for give you phone #'s to foreclosure help agencies, which TB&W aren't willing to cooperate with (at least in our case 2 seperate ones...no results). TB&W will drag it out to the point where they literally force you into foreclosure just as they have done to myself and many others. Go to rip off report and share your story. Contact any government officials that you can. TB&W isn't going to fix this for us. They are going to have to be forced to fix it.

I jusr called them again waited on hold 1 hour and 44 minutes. I explained myself again. I feel like a broken record. So, she said that we have to send them $1706 now, before it was $1505. I explained to her that I can send them one payment but its going to take another week for the second payment. SHe said they will only accept two payments with a promise of when I will be sending the third and forth payment..Yea, we are behind. My husband went from bringing home $ 800 a week to 265 a week.. Its been really hard. So, after I tell her all of this I asked her had our paper work been sent to a negotiator yet, she looks, but yesterday they said they couldnt tell me anyhting about my hardship.. LIARS!! She says, Oh we arnt handling this case anymore let me transfer you.. So, im hold another 15 minutes. A really nice lady answers the phone and I explain to her whats going on... SHe says ok we havent recieved your work out package from TB&W yet, and I said well do you knwo when you will? She claims that our case has been transfered to them. They are Sparta Special Servicing on Behalf of TB&W. So, I said well since you havent recieved our package yet, its going to be another 8-12 weeks? She says no it will be 7-10 business days before you hear back ... I have to email them the most current paycheck stubs and give them another 10 days before i call back... I guess this is kinda good news because we know that TB&W drag thier asses and thier feet.

Anyone ever heard of Sparta?? There telephone number is 18666403932.. or is this all a lie???

Dusk.."Keep in mind not only does TBW drag their asses along, they lie out of their asses!!!"..They don't care about you or your hardship situation..Infact if anything they are glad about your situation, because they love to committ any form of "fraud" there is and that includes "illegally foreclosing".."Don't trust them for a second..All you are to them is "greenbacks"..Don't let your guard down, hang in there.. :o)

Has anyone every had thier mortgage handed over to Sparta??? I have searched the web for this company and cant find anyhting.. Im really scared now.. Im thinking that they are lying once and again im going ot be screwed from every which way..... They claim the business is called Sparta Special Servicing on behalf of Taylor Bean and Whitaker......... im scared.

Dusk.."I have never heard of that so called outfit, Sparta Special Servicing..
check it out and see if it is of any help..Dusk, I just checked

The Federal Law is "one being phone recorded without their knowledge/permission is not valid/admissible/legal evidence/in a court of law"..Now if one leaves a message on ones recording/answering machine, that person already knows what they say will be recorded, and "that is admissible/valid/legal to use in a court of law"..

I am aware of that Wanda. I was merely letting Dusk know that if she had a way to record the phone call she would have to advise them that she was recording it.
Dusk....they don't seem to have a web site...but they are located in Jacksonville FL and they are posting tons of job positions on the web. They seem to be a Loss Mitigation Co. Never heard of them before your post though.

"Good People A Must Read!!"..Copy/paste to your browser

Foreclosure State Laws

What a bunch of SCHMUCKS! Just wanted to give another name and contact for any others who want to speak to the shitheads at TBW. Richard works as the short-sale/foreclosure negotiator. What an ass he is....AS IF any of you expected to hear differently! Oh...and he said that a short sale does not guarantee that they don't come after us for the difference....even if it is an FHA.

I am a former employee of TBW. Just wanted everyone to be aware of this story.

Looks like TBW (That is Farkas/Bowman) may be eligible for TARP funds. So while they cash in on funds from the taxpayers (you and me), they foreclose on the very taxpayers homes that they are getting TARP funds from.

Read Lawsuits Against TBW..

I HAD NEVER IN MY 70 YEARS OF LIFE BEEN LATE IN MORTGAGE PAYMENTS UNTIL I REFINANCED AND UNFORTUNATELY GOT TAYLOR BEAN. i WOUND UP HAVING 6 SUEGERIES AND HORENDOUS MEDICAL BILLS AND THEY HAVE JUST PLAIN REFUSED TO WORK WITH ME. i AM ONLY ATWO AND A HALF PAYMENTS BEHIND BUT THEY HAVE REQUIRED THAT I PAY MORE THAN A MONTHS INCOME IN 7 DAYS. NOT LIKELY TO HAPPEN.,I HAVE WAITED ON HOLD UP TO TWO HOURS ON HOLD AND THEN GOT NOWHERE EVEN WHEN I OFFERED TO MAKE ONE AND A HALF PAYMENTS WITH BANK DRAFT EVERY MONTH TILL CURRENT (3 MONTHS) BUT THEY REFUSED IT. I CANNOT EVEN FIND OUT WHAT THEY WOULD AGREE TO WITH A SHORT SALE. THERE ARE OVER 300 HOMES FOR SALE WITHIN 5 MILES OF MY HOME. WHATEVER YOU DO, DO NOT USE THIS MORTGAGE COMPANY. THEY WILL NEVER WORK WITH YOU.

This is for BEVERLY. I can help you get your mortgage squared away with TB&W. I have had several successful Loss Mitigation cases with them. If your interested at all send me an email and I will gladly speqak with you about what I can do.

Contact me here.

I have been going through the same thing as Dusk! I was laid off and tapped out my savings to keep my mortgage current. TB&W wouldn't work with me until I defaulted, believe me I tried telling them for months that I wanted to apply for a modification. I finally had to default and faxed hardship package in 3/9/09. Called to confirm it was received. Tried calling many times but simply couldn't wait past 1.5 hours, finally got through again on 3/27 and they said the package was "open for review" and would be assigned to a negotiator in 45-60 days, then they said 8-12 weeks. Finally got in touch with them again on 5/11 after 125 min wait time! Was told there's been no activity since last time I called so the rep was going to email Mary Hensley who was the supervisor of negotiators and that I should try calling back in one week because no one was going o call me back, I asked to be transferred and was told the call wouldn't be picked up so it would be useless. She also confirmed again that they had all my documents and informed me there would be additional charges (as determined by the attorney!) once it goes into foreclosure. I called back a week later on 5/18, was on hold for 55 minutes when it started ringing then went back on hold! 109 minutes of hold time later it suddenly transfers to the voicemail of Tony Kennedy? I tried leaving a message but it just disconnected right away! On 5/19 I got a generic flyer in the mail about the "Making Home Affordable" program but it was in a TB&W envelope that was from Freddie Mac that simply says "Act now to get the help you need" When I called the number on the flyer it was "Sparta Special Servicing on behalf of TB&W??!!! I was then informed that my mortgage had been assigned to Sparta two months ago! I was never informed of this at all before! I was then told that nothing was showing in their system at all as far as my hardship package and that it is in eminent foreclosure and can go any day! My only choice is to turn in another hardship package now to Sparta. I can't find anything about this company other than a bunch of hiring ads. I don't know what to do anymore??!! I take care of my disabled father and cannot lose this house! I have been trying to call TB&W for the past few days with no luck at all. Either it just rings busy, or a message comes on saying there's a problem with the system, or it just goes on hold. I've waited as long as almost 3 hours! Is anyone getting anywhere with Sparta??

Well, we faxed all our stuff to sparta 8 days ago. and they will let us know tomorrow . i will let you know. i have seem to have gotton alot further with sparta than i ever have with tb&w so as soon as i find out i will let you all know.. the guy whos working on my case is clifford perkins.. her really nice.. i mean hes nice so far... im not sleeping to well anticipating whats going to happen tomorrow

These guys only respond to attorneys! We were only one month behind on our adjustable rate payment when I tried to get TB&W 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 theloanmodfactsdotcom. We chose them because they didn’t make a bunch of promises like some of the other companies and they use attorneys and they have a 100% money back guarantee. I hope this helps some other people fighting with this terrible loan company!

TBW totally messed up my escrow account. They sent me a letter in the mail saying that my monthly rate is going up $270 to cover the shortage. Also, my rate will only go down $180 after paying the extra $270 for one year. I have tried to call them but just like everyone else, I can't get a person and when I did get through I got hung up on. I cannot afford even $20 extra right now on my mortgage. I would have never been approved for a house with that high of a payment, it's frustrating because I can't get ahold of them to figure out my options. And from reading other peoples post I think that I am going to get no assistance in making this work out good. Has anyone tried to do a short sale with TBW? Any advice or people that have had the same situation?

I have been waiting on Sparta now for about 3 weeks. They claim 7-10 business days, but Sparta is claiming that they are waiting on TB&W to send them our escrow and stuff.. But TB&W hasnt. I was told to call back on Wensday. I seriously think that they are in cahoots to take our house.. Just telling us not to send a payment so they can really screw us.. I dont know what to do anymore.. I think everyone that works with TB&W is setting themselves up to lose. THey are all a bunch of scam artists..

modification

I recently talked to Taylor, Bean today about a loan modification, they were very nice and understanding. They told me that my first is with Sparta now(or Spartas, I don't know how to spell it) and they're still handling my second. I'm just about ready to send my loan modification application to sparta - wish me luck. Has anyone had good luck with a loan modification that was transfered to Sparta from Taylor, Bean and Whitaker?

Also, does anyone know how to spell Spartas (LOL) or if they have a website?

I jsut got a modification thru sparta. They dont have a website. But, they are very nice and helpful. We didnt get the rate reduction like we wanted but that is because of TB&W. They never filed the paper work so Sparta had to request all new paper work. So therefor we got screwed. Yet again by TB&W. I am waiting on the paper work from sparta to sign, so until I get that im still nervous. It took sparta longer to do everything to because TB&W never sent them the paper work. It took them 9 days jsut to send an escrow report.

I jsut hope after we get straight with our mortgage we can get away from TB&W. They are useless. My MIL's sister has been trying for months to get a modification and TB&W has no idea what they are doing... Good luck.. A lady named Heather Bell did ours at Sparta she was very nice...

I have had it with TB&W!!!!....I was thinking I had read someone saying that they were going to file a class action law suit against TB&W and were looking for people to join in...I AM INTERESTED...PLEASE contact me here..LET'S PUT THEM OUT OF BUSINESS!!!!!

My husband and I are facing all of these same issues with TB&W. We sent in ALL required information in regards to the new program ordered by our President. This was over 3 months ago. They fortunately have accepted all "partial" payments we have sent in the mean time. On June 3, I sent an email asking once again when this was going to be handled. I received a return call the next day and was instructed to call Sparta Services who has now taken over all of their modifications and refinances. I called and spoke to a lady who told me her opener would call back within 24 to 48 hours. I heard NOTHING. On Wednesday the 10th of June, I called Sparta back once again. This time i spoke to a young man who was VERY helpful. He forwarded our information to Chris Hanson. Mr. Hanson called me back at 5 pm CST and told me that TB&W has "lost" all of our information apparently. He instructed me of any items we would need and stated he would mail us a new package and once we got it back to him, we would hear from him to let us know and our mortgage would be re-worked within 2 weeks. I am hopeful that this package will come tomorrow (Saturday). We, like many, did NOT sign our mortgage with TB&W. Every attempt we have made has been ignored by them. Only once has Phylis helped us with information. This time we were left in the dark. The telephone number for Sparta is 1-866-640-3932. Mr. Hanson is whom you should speak with if you still need assistance. I would also like more information about this lawsuit against TB&W. With all of the hassles and run around, giving no answers, and allowing people who are TRYING to stay current or catch up go into foreclosure, they DO NOT need to be in business. I can be reached here on this blog

This is for "Dusk" What interest rate did they give you through Sparta? With the new government modification program they're suppposed to reduce it for like 3 months on a trial period and then they reduce even more after trial program if you were on time with your payments with the trial, just to let you know. Also, when I called and Talked to TBW, they told me that my second would stay with them, I was kind of bummed because when I was reading up on the government mod program it sounds like they're giving lenders incentives to do away with the seconds if you're in deeper than what your home is worth, that would be nice!!! I'm not to fond of Sparta thus far though, they told me last week they'd send out a mod worksheet to my email and I haven't seen anything, that was on Monday! Also, the lady I talked to was very rude and judgmental!!! Hopefully I can get a hold of the person you've been working with there. It's nice to know that I'm not the only one in this boat :)

I have a lot of the same issues with TBW. I would like someone to E-Mail me if there is a lawsuit in pending. TBW needs to be stopped before they ruin more families. They simply don't care.

I forgot to post here

Thanks

Today is Monday, the 15th of June. As promised by Chris Hanson, our modification package came. It was in a TB&W envelope but had different mailing addresses to return the package too. We have filled it out already and it will be sent by mail with a confirmation number to trace it as we do not have access to a fax machine. I am so pleased that Chris from Sparta kept his word when no one at TB&W ever did. Thanks to his heads up with what all we needed to send in with the package, it took us only 20 minutes to complete! I will keep you all posted on how quickly or slowly (lol) this is taken care of for us.

We were served foreclosure papers again, and I wrote a nice long letter to the judge explaining everything that we have been thru ...guess what? He put the court order that a representative of TBW has to meed with us for a consultation to try and work this out. He did NOT grant the foreclosure! In the mean time we were told to contact sparta...I really wish I knew if this is a good thing or if we should consult with TBW lawyers to get a deal worked out thru the court?
On a funny note;;;;; TBW told my husband that our home was up for sheriffs sale in mid august...THIS WAS BEFORE THE PAPERS WERE EVEN SEEN BY THE JUDGE!!! Where do they get thier information??? This has been so frustrating! So now we have to see what their legal team decides to do...drop it or pursue it according to the court order.

Don't give in people when the papers are filed! Your judge does not have to grant the foreclosure..We are proof!

i too am having difficlty getting somene to talk to at taylor bean & whitiker. since april i have been tring to get a hold of a live person to modify my loan.
i have called hope hotline, fha hud, nj mediation i have gotten teh same respinse from all these hot lines, that you must be in forclosure with a docket number to be considered for help. they told me my lender is the only one that can modify the loan, but it doesnt help when i cant get someone on the phone... this is a night mare,,,,

I can not believe that so many of us are in the same exact boat. I lost my job on March 4th of this year and called the TB&W right away to try to work something out! It has been Hours and hours of phone calls, emails, faxes, etc. I have NEVER been allowed to actually speak to the "Loss Mitigation Dept". Every time I call I am told to wait until they contact me. Whoever "They" are?? Today I recieved a letter by mail and also had a certified letter I will have to pick up tomorrow that is probably foreclosure papers. I love our home and don't want to lose it but it seems that TB&W just are not willing to work it out!!

I am current with my mortgage. My income dropped about $10,000 this year. Its coming to a point where I have to either choose between keeping utilities current or start to become late on my mortgage. I am not asking for a "handout".. but rather work out a short term repayment plan to help me get caught up on utilities. Nope.. No can do.. They told me since I am current with my loan, they will not assist me. Also I have problems with the online payment system.. Excessive hold times, busy signals, or disconnection recordings when trying to make a payment ESPECIALLY AROUND THE end of the month.

About the troll from Ocala Fl who commented "we should find jobs". Sounds like one of the Customer Service Reps I talked to a few weeks ago. Most of us want to pay TB&W in good faith. Some of us just need a helping hand during a tough period of time. We do intend to pay back every single penny we owe. It is sad these Bozos are taking Tarp money, and aren't doing anything to help their customers. It seems they want to do everything in their power to foreclose on FHA insured loans.

I sent my MOD paperwork in 5 months ago. I have called and waited on line over 1 hour each week since. Firstly, they did not POST by paperwork till 3 weeks after I sent it. THEN, they sent my pprwk to sit in a pile for REFI--I dont Qual for refi...then 4 months later they sent my pprwk BACK to MOD (so they say) and tell me I have to start the wait period of 12 weeks all over again!!

argh!! I put $60K down on my home. I lost my bigger income due to economy woes, now I work for Walmart-onlty decent job in town, and earn $1900 a month. My monthly mortage is $1500. They better get me a mod soon or they can have another foreclosure~ they give me a runaround, promise every week to call me back or email me ---never do! One rep even told me to stop paying my mortgage to "get attention"!! Great loophole advise, huh? I dont like TBW.

Anyone have ANY luck in modification with TBW???? How long did it take? I am on month five and still waiting...

Please read thru the posts to see if any of them can help you out (the last few posters)...TBW has outsourced it's paperwork to a company named SPARTA and they are working with the possible foreclosures now. We sent our paperwork back in to them and they promised us that we would have it taken care of within 30 days (it's been over 9 months in waiting for us!)......This may be good news for those who have been trying to deal with taylor bean for the last few months.

My atty. stated this is what happens with this company. I also aent my letter & pertinent info. They started forclosure. I suggest everyone write their congressmen, Ben Bernackie and Pres. Obama. Someone has to regulate what this company is doing. HUD should also be advised about these practices on FHA loans.

I've been updating my reports under the name Amanda. We all do have a lot in common. I'm almost positive too that TB&W aren't exactly violating their contracts....(but) The thing we all have in common is that they almost refuse to work with people/us. No one should have to wait over an hour everytime just to speak with someone, get transfered, wait longer, get hung up on! They aren't mailing out our statements. They don't call people/us. They send out some common letter stating that "there are options for us, loan modification, repayment plan, or short sale forclosure and that a specialist will contact you". NO,none of that ever happens! Instead you end up like me having your home posted in your local newspaper for legal notice auction, friends and family calling you telling you about it or worse deputies come and force you out of your home,in so many words or less, with eviction papers.

So my life lesson is that Google is a powerful resource! Use it before you make any life time decision ect.
All though I didn't even sign with TB&W my loan was sold to them by Bank Mortgage Solutions almost immediately after closing.

I'm shocked and distraught over all the complaints out there about TB&W and pray for every last one of us. If this has even just begun happening to you DON'T WAIT! SEEK REPRESENTATION IMMEDIATELY! & TRY YOUR DAMDEST TO WASH YOUR HANDS OF TB&W. Don't even waste your time trying to call them. Even if you work something out you'll be forclosed on or your home auctioned before they even process anything not to mention how much further you'll fall behind on payments waiting for them to process anything.

I refinaced over a year ago with flagship mortgage, and within weeks they sold my mortgage to TBW. ive been trying since april to get a live person on the phone and have been UNSUCCESSFUL as well.
i have called HOPE hotline, FHA, HUD, NJ mediation, making hoem affordable, and bottom line they all say the same thing unless your in foreclosure we cant help you, BUT if I do go into foreclosure IT WILL BE TOO LATE...so, i have written to the BBB, NJ dept of banking, the FL dept of banking, to FHA, HUD, the congressman, the whitehouse, US Dept of justice, RESPA, And also the Dept of consumer services in FL. I will keep you all posted the outcome IF ANY.
ADVISE:: dont let your payments go MORE than 3 payments behind!!! once you go into the 4th month its very hard to save your home!!!

I to have tried to split my payments. Sending them half on the first day the payment was due. And the second half on the 14th . Which would have been 2 days prior of the last date to be paid. Once they gotten the second check. They sent them both back to me, charging me a late fee, and then going on to say I was a month behind. I hate these bastards. The other thing is that I can apply for the home afordability program which I have done. My interest rate for the new loan is as the same as my original loan. 6.25. They told me "maria" that I just needed to wait untill I seen a rate that I liked and apply for the loan on that date. WTF? Everwhere else in the country is at 4.75 to 5.25 why is there rate still so frickin high.. I'm so pissed. I would never ever recomend this company to anyone. Mr Obama. we have a huge problem. This is the crap that happens to the hard working backbones of america... some let me know if they have any suggestions.. thanks

Wow! you guys are all scaring me. I have my mortgage with TBW. So far things are fine and my payments are still the same but that's just been six months. Lord have mercy on me if things get sour.

There have been favorable developments in attracting scrutiny on TB&W's inept handling for my modification request under the Homeowners Affordability and Accountability Program.

I wrote a long letter detailing the poor customer service that we are all familiar with concerning TB&W. I submitted to various elected officials and government agencies. The Florida Office of Financial Regulation responded and directed me to submit my complaint to the Illinois Department of Financial and Professional Regulation. (Attn: Consumer Affairs, Division of Banking, Suite 1900, 122 S. Michigan, Chicago, IL 60603). The explaination is because my property is located in Illinois, jurisdiction falls to the state where the mortgaged property is located, not where TB&W is based.

Also, the Office of Illinois Attorney General Lisa Madigan responded and asked me to submit more documentation (tax returns, correspondence, bank statements ...) for review, so citizen's advocate there can determine if my dispute lends itself to mediation. through the Attorney General. I'm submitting that package this week.

Another Update:

The Illinois Department of Financial and Professional Regulation was among the parties I wrote to concerning Taylor, Bean & Whitaker's seemingly intentional mishandling of my modification application.

I received a copy of the July 14 letter that was also sent to Victoria Hanegan (no title) of TB&W. In it, Virginia Calvin, the Consumer Services Administrator for the department's Division of Banking, writes that a response from TB&W is required "to determine your compliance to rules of license in this transaction."

The Department is requiring that the mortgage company "send a letter directly to the consumer that responds to all issues of the complaint by Aug. 4, 2009. The response should be signed, written on official company letterhead, and the writer clearly identified. TB&W also must send that same letter to the department's consumer services section by the same date with supporting documentation.

"Your response will be accepted only if all is submitted as requested above. Failure to completely adhere to the requests of this notice by the above due date may prompt the following: A fine of $50 for each day the response is late, a noncompliance notation to our records, and/or the scheduling of a special examination at your company's expense."

A letter with some teeth in it is at least some payback for all the hours wasted while on eternal hold on TB&W's phone system. I've also got the Illinois attorney general looking into this matter as well after that office asked me to submit more information about my experience with this company. Pile on the letters about this rogue company by writing to your state's attorney general and to the office that regulates financial institutions. Some offices may respond that they do not have jurisdiction but if they get a flood of mail, that volume may wake up somebody in state government or somewhere to hold TB&W's feet to the fire.

I also am going through the same thing and will keep this site posted on my favorites!! I was laid off in May 2009 and have owned my home as a single mom for over 11 years. I refinanced Oct. 2008; unfortunatly TBW is my new mtg company. All payments were made on time until I was laid off. I am behind 2 months and have tried calling, ususally on hold for up to two hours until I give up. Every once and a while I get through however they refuse to work with me. I did make one payment late & of course they accepted it, however two days later I recieved a letter stating I owed two months plus late fees or will go into foreclosure as of Aug 02, 2009. I have been in my home 11 years, single mom of four kids and have neveer been in this situation. I do not recive financial help from my kids dad as he is a looser and because I am getting the 330 a week from unemployment do not qualify for any government assistance or help programs. Basicaly my unemployment is paying bills, insurance etc. I do not know what to do. I am looking for work and feel these people should hire the laid off folks to answer their phones and provide decent customer service, as I have not spoken to anyone that is helpful!!! Please help with additional info.

Once again, this company has failed the general public. AGAIN, THE KEP THE LOAN MODIFICATION RATES 1 - 1.50 % HIGHER. IVE BEEN ON HOLD 3 TIMES TODAY FOR AND AVERAGE OF 45 MIN, JUST TO BE DICONECTED. I'M SOO FREAKIN MAD, THAT I CAN,T SEE STRIGHT. I'VE CONTACT THE AIG IN ATLANTA, THE OCC AND THE FDIC. I'VE MADE FORMAL COMPLAINTS WITH LITTLE OR NO HELP AT ALL. MY INTEREST RATE OFR THE HOME MODIFICATION IS STILL 6.25 % THEY SUCK........

update on my situation...Taylor Bean had my home on auction July 23. I finally received papers saying we needed to vacate the home immediately August 1st. Some repayment plan they were working on!!??? This company is a joke. Well appearantly Taylor Bean & whitaker "bought my home", probably so they could officially list it on their other web site with the pitch "Ultimate REO Homes". Some scam they got goin eh.

They don't care. It is easier to not respond. They kept us hanging thinking we were going to be able to get the loan modification. The simple fact is they don't have the authority to modify the loan due to agreements in their mortgaged backed securities prospectus with the investors. They don't even know who the investors are. If they can't modify, it's not likely that they have standing to foreclose. Visit livinglies weblog and learn more. You would be amazed at the tangled web they have woven. We found an attorney who was willing to work with us. Even though we filed a lis pendens against the title and filed a formal complaint with the courts prior to the trustee sale, they foreclosed anyway. Their attorneys filed a motion to dismiss for failure to state a claim. We are waiting to hear from the courts. If they grant the dismissal we will appeal to a higher court. Some things are worth fighting for. We are not deadbeats...we have worked hard all our lives and circumstances beyond our control put us in this mess. Did you know that the TBW was going to slice and dice your loan into little biddy pieces and sell it all over the globe? I sure didn't. They don't want to modify your loan because they make more money foreclosing. They have probably already been paid twice what your mortgage balance is in fees, insurance and federal bailout money. They haven't lost a damn dime. They screwed us royally and we should be very angry. You could fight this pro se. I would check into it if I were you. Again, the Livinglies website is a great source for information. Good Luck to all

They don't care. It is easier to not respond. They kept us hanging thinking we were going to be able to get the loan modification. The simple fact is they don't have the authority to modify the loan due to agreements in their mortgaged backed securities prospectus with the investors. They don't even know who the investors are. If they can't modify, it's not likely that they have standing to foreclose. Visit livinglies weblog and learn more. You would be amazed at the tangled web they have woven. We found an attorney who was willing to work with us. Even though we filed a lis pendens against the title and filed a formal complaint with the courts prior to the trustee sale, they foreclosed anyway. Their attorneys filed a motion to dismiss for failure to state a claim. We are waiting to hear from the courts. If they grant the dismissal we will appeal to a higher court. Some things are worth fighting for. We are not deadbeats...we have worked hard all our lives and circumstances beyond our control put us in this mess. Did you know that the TBW was going to slice and dice your loan into little biddy pieces and sell it all over the globe? I sure didn't. They don't want to modify your loan because they make more money foreclosing. They have probably already been paid twice what your mortgage balance is in fees, insurance and federal bailout money. They haven't lost a damn dime. They screwed us royally and we should be very angry. You could fight this pro se. I would check into it if I were you. Again, the Livinglies website is a great source for information. Good Luck to all

They don't care. It is easier to not respond. They kept us hanging thinking we were going to be able to get the loan modification. The simple fact is they don't have the authority to modify the loan due to agreements in their mortgaged backed securities prospectus with the investors. They don't even know who the investors are. If they can't modify, it's not likely that they have standing to foreclose. Visit livinglies weblog and learn more. You would be amazed at the tangled web they have woven. We found an attorney who was willing to work with us. Even though we filed a lis pendens against the title and filed a formal complaint with the courts prior to the trustee sale, they foreclosed anyway. Their attorneys filed a motion to dismiss for failure to state a claim. We are waiting to hear from the courts. If they grant the dismissal we will appeal to a higher court. Some things are worth fighting for. We are not deadbeats...we have worked hard all our lives and circumstances beyond our control put us in this mess. Did you know that the TBW was going to slice and dice your loan into little biddy pieces and sell it all over the globe? I sure didn't. They don't want to modify your loan because they make more money foreclosing. They have probably already been paid twice what your mortgage balance is in fees, insurance and federal bailout money. They haven't lost a damn dime. They screwed us royally and we should be very angry. You could fight this pro se. I would check into it if I were you. Again, the Livinglies website is a great source for information. Good Luck to all

They don't care. It is easier to not respond. They kept us hanging thinking we were going to be able to get the loan modification. The simple fact is they don't have the authority to modify the loan due to agreements in their mortgaged backed securities prospectus with the investors. They don't even know who the investors are. If they can't modify, it's not likely that they have standing to foreclose. Visit livinglies weblog and learn more. You would be amazed at the tangled web they have woven. We found an attorney who was willing to work with us. Even though we filed a lis pendens against the title and filed a formal complaint with the courts prior to the trustee sale, they foreclosed anyway. Their attorneys filed a motion to dismiss for failure to state a claim. We are waiting to hear from the courts. If they grant the dismissal we will appeal to a higher court. Some things are worth fighting for. We are not deadbeats...we have worked hard all our lives and circumstances beyond our control put us in this mess. Did you know that the TBW was going to slice and dice your loan into little biddy pieces and sell it all over the globe? I sure didn't. They don't want to modify your loan because they make more money foreclosing. They have probably already been paid twice what your mortgage balance is in fees, insurance and federal bailout money. They haven't lost a damn dime. They screwed us royally and we should be very angry. You could fight this pro se. I would check into it if I were you. Again, the Livinglies website is a great source for information. Good Luck to all

sorry folks...don't know why my comment posted four times

We have sent out things into Sparta and it's been almost a month and they are still "working" on it.....has anyone else had any luck at all with Sparta?

Are there any success stories out there that may give some of us some hope?

I have not heard one positive thing. This is not very encouraging to me. Sparta has had all of our information for over 3 months and they are still "working" on it (meaning a loan modification) for us as well. They claim they are "waiting for my husband's credit report". How is it that I can pull a credit report on my home computer from 3 different reporting agencies in less than 30 minutes, and these people can't seem to get it done in 3 months? It would almost be easier for us if he just bought a new house (more affordable) in his name and we just left this one! There's a $8000 credit for 1st time home buyers right now, and this one is in my name. We don't want to do that,I'm just saying it would be easier. We are good, hard working people also, like so many of you who are only trying to make it from day to day. We will continue to pray for each of you as well as ourselves. Especially people like "Wanda". Suicide is NEVER the answer. Christ loves you unconditionally and a house is still ultimately only "stuff", your life is much too precious! Stay strong everyone!

This is who you are dealing with. The FHA is done with them. You need to check this out!
l

What goes around... comes around. Looks like TBW is in big trouble.
The Feds raided their offices on 8/3. Copy and paste

TBW is done. Who knows what will happen to their current servicing accounts.

update: i contacted sparta services they are handling the modification paperwork for TBW. i did not receive loan modification docs, but a special forbearnce agreement. they lowered my payments for 6 months by 250.00? NOT MUCH. the catch: it must be received by the first of each month OR they proceed with foreclosure WITHOUT further notice to me.
is this good or bad? im not sure. and my current loan is FHA? so WHAT DOES this mean now since FHA is not workign with them? and what happens to all of us that have a loan with them?

i called a lawyer and he doesnt even know how this will affect me.

??????????????????????

I think it will be several days before more is known about existing accounts. According to the HUD press release yesterday, Ginnie Mae, the federal agency behind FHA, is taking over the servicing of all FHA loans by TBW. Anything is speculation at this point.

No use dealing with the non profit organizations on TB&W. They ignore them as well. My credit counselor has been on the phone with them for off and on the last 12 weeks. We have been requesting loan modification paperwork with them and haven't received anything from them. If they foreclose on me, they get bailed out by the government. Much easier and profitable for them to take the bail out money and run.

Might want to read the article in the local Ocala Newspaper about TB&W.. Maybe go in the comment section and post your story.

Rumor has it our loans will now be serviced by Bank Of America.

Im just wondering what this means for the people that are trying to get modifications. We have been trying since March to get modified. And our paper work was sent to Sparta.. And they have been tossing it around for about 3 months now. What does this mean for us? Are the closed for real? Do we get to start fresh? I just wish I had some answers. Im calling Sparta in the AM to try to get some answers.

thank god!!! TBW had this coming, they deserve evrything they get. The stories i have read about the service to their customers, along with my own experience with the has made me feel very good about these recent develpments. I think all the complaints, calls to our city and state agencies, and our heartfelt desire to call these people out on their business practices has finally paid off!!! Lets hope that we make out with what is right in the end!!!!

I am glad these evil people are out of business. I think everyone who had filed modifications is at square one.. I bet its going to take several months for all of TB&W's customers to get fully converted into a new servicer. This is shocking and sudden. I would like to say it couldn't have happened to a nicer bunch of people.. But on the other hand, I don't trust the Feds with anything. They are slow and stupid. I am worried about who I send my payments to, and if they are going to be posted to my account on time. I am making a lot of effort to keep my credit report in good standing. I don't want to end up in a in an endless fight with credit bureaus for several years over something that isn't my fault. Hope and prey things turn out right and everything goes smoothly for everyone of us. Most of us deserve to be treated fairly.

Wow, it's saying that they closed their doors and let everyone go in the Main Headquarters in Florida...

This adds a crazy twist to it all! I wonder what the heck is going to happen now! We are waiting for sparta also, (we also have an FHA loan). This may be the answer to our prayers!!!

I think it may be the answer to your prayers, and there might be light at the end of the tunnel.. But I probably wouldn't expect anything immediate. I think its going to take several months for the new servicer to get everything organized and all the accounts in the computer. Hang in there everybody!

I just heard that TB&W closed their doors....it's about time!!! NOW what happens to all of us? If anyone knows or has suggestions would you be kind enough to share what information you have with me?? THank-you-

OK WHOMEVER TAKES OVER OUR LOANS...WILL THEY MODIFY THEM AND BRING THEM BACK DOWN TO THE ORIGINAL PAYMENTS THAT WE ALL HAD BEFORE TB&W SCREWED US??? THAT'S MY CONCERN BECAUSE IF THEY DON'T WE WILL BE IN THE SAME BOAT...THANKS DANA

FYI
those loans/modifications/special breavances that were aproved, were forwarded to bank of america. it will task 2-3 weeks before you get any paperwork from them. those loans that were IN PROCESS but not completed are on hold.

In a statement, the company said it expects to continue servicing mortgages -- collecting payments and handling foreclosures and other administrative tasks -- as it "restructures its business in the wake of these events." Roughly 1,000 community banks have worked with Taylor Bean, and dozens of bankers have called with concerns about their remaining options, said Gary Teagno of the Independent Community Bankers of America.

that is the last paragraph in this article... so i guess they didnt completly shut down.. so i guess we are still screwed!

I just spoke to our attorney here in the Huntsville, AL area. He said if you have an FHA backed loan or one of these Ginnie Mae loans, the government will find you a lender. He also told me that in the mean time all payments should still be made to the same place. The feds more than likely have someone in their offices at all times. Incoming mail & outgoing mail will be inspected, etc. He also said for those of us whom have these FHA and Ginnie Mae loans, we will more than likely be reviewed once the new lender has our paperwork. Also, I did speak to someone at Sparta. The man that I spoke with said anyone who has a mortgage with TB&W that wants a modification or refinance should start trying now if you haven't done so already. Our modification has been with them 2 months now and I told him I wanted the name of the negotiator that now has all of our documents. He kindly gave that to me and assured me he would forward my email of concerns to her. Also, for those of you that are facing foreclosure or already have a sale date, Chap 13 debt consolidation bankruptcy is the only thing you can do. If you have good credit still, you may be able to take your mortgage elsewhere, but if you arent that lucky or your house has decreased in value as well as your finances and credit. I strongly advise this option. You would make one payment to the courts for all your late payments to TB&W, credit cards, etc.. Then start making the regular house payment the month following the filing. It seems like a hassle but if you want to keep your home and you have no other company to take your mortgage then the hassle is well worth it!! I hope everyone is able to get away from this fraudulent piece of crap company.

I called Sparta who is supposed to be doing our modification. I also called them 2 weeks ago, trying to get in touch with Heather Bell, but, like usual she doesnt return my calls. So, the person that I spoke to at Sparta acted like at first she had no clue that TB&W had shut down but when i told her I had saw it on the news and read it on the internet she was quick to say Yes, TB&W has shut down. SO, I said what does that mean for me? Said that they would be servicing our mortgage?? Are they even allowed to do that? Arnt they a debt collector? I also asked her how its obvious TB&W wasnt doing things they way they were supposed to so, does that mean I get to reapply for the original modification that I was denied for because TB&W kept saying they never recieved our paper work??? SHe said that is something I have to speak to Heather Bell about.. Funny thing is Heather Bell never calls back...

I wouldnt send anyone any money. If it was me. YOu wouldnt have any clue as to where its going.. If the feds are running TB&W we should get a letter saying that they have control and yes to send your payments.. I would not just send money to a known fraudulent company... but thats just me...

I too am scared about my payments. What is the best way to prove our payments made it there for the time being? If I use the online payment, and the money is zapped out of my bank account showing Taylor, Bean, and Whittaker online pay or phone pay is that good enough? Is a Money Order better evidence than a check? Or should I send a check certified mail?

In my opinion, TB&W isn't "officially" a known fraudulent company. TB&W was shut down because of suspicion of fraud. To my knowledge, no charges have yet been filed, and you are innocent until proven guilty. (Although They appear Guilty as hell.)

They problem is by the time they are proven guilty they could have took off to Mexico on a casino trip with our loan payments.

But I would think this isn't a good time to be skipping loan payments. There might be enough snafoos with this transition and as long as we show, we are clearly attempting to send them a payment.. Then we are the victim and not them.

Thank the Lord that the Federal Government are finally listening. I would contact HUD to find out where to send payments as they were ordered to stop servicing and making HUD loans. I contacted my attorney and am awaiting a response. This is very good news for all of us as they are finally being held accountable for thier FRAUD!!! Good luck to everyone!!!!

sorry about the typos in my last post. My keys are sticking on my keyboard.. LOL

I just wanted to say I think this isn't a good time to be skipping payments and such... (as much as I would like to)

I smell class action suits coming very quickly as soon as a large lawfirm (smelling large legal fees)sees how many people this has effected it will ne advertizements galore in emails and on the TV.

I would definitely keep on making your payments. Just because TBW is going under does not release you from making your payments. I would continue sending payments to the same TBW address. To be safe you may want to keep a copy of the check and send it overnight or at least delivery confirmation to have proof that payment was made on time. You can bet that FHA and the other federal agencies will still be accepting payments for all of TBW mortgages.

TBW pulled the same property insurance scam on me as well, for about $1700. They insisted that they didn't have proof of insurance, even though both I and my insurance agent faxed it to them multiple (at least 3) times. They proceeded to purchase supplemental property insurance at my expense. I've been fighting for two years to get the money back.

TWO YEARS!!!

If there's a class action suit, I'm in.

Now that they're closing down, I'm filing with my attorney general's office tomorrow morning. I should have done this long ago, now I'm sure there's almost zero probability that I'll see that money.

I just got email back from my HUD contact who helped me with prior TBW problems. Got a sense she couldn't say much except that we should keep paying as we normally do and that 'someone' has already taken over servicing their loans. Who that someone is, she didn't say.

The FHA press release on Tuesday said that Bank of America would be servicing all closed and funded FHA loans. No mention has been made of their other conventional loans (Freddie Mac). Though TBW with their press release on Wednesday stated that even though they were no longer going to process new loans that they were going to continue servicing their existing loans.

Yes, there press release does say that.. But as I stated I spoke to SParta who is acting on behalf of TB&W and they said that TB&W has shut its doors they are NO LONGER OPEN to service anything.. That they (SPARTA) would be servicing our loan until someone else took over.. I am totally aware of what there press releases say. Ive been following it very close on the web and tv.

I have a sale date for 9/1/2009 what should I do. I was ignored by TB&W for months who claim to never recieve my paper work. I have been working with NACA for 3 months. I feel stucked. Answers anyone?.

I have my mortgage with TB&W, OMG, Please someone tell me how to talk to a human. I have called numerous times, I have emailed and written letters, I talked to the people at HOPE and they were just as frustrated as me by not being able to reach anyone. I get letters from them telling me I need to call them and when I do I can't get them. I talked to someone several months ago when they called me and after talking to them I was told since I had a "Ginnie Mae" loan instead of a Fannie Mae or Freddie Mac there was nothing they could do for me. I don't have the money for an attorney, if I did I could pay the mortgage. I am so frustrated about this I don't want to lose my but taking a cut of half my pay has hurt me badly.

I found this just a while ago online. This may maka a lot of us that have TB&W loans happy:

“Taylor, Bean & Whitaker mortgage corp. (“TBW”) received notification on August 4, 2009 from the US. Department of Housing and Urban Development, Freddie Mac and Ginnie Mae (the “agencies”) that it was being terminated and/or suspended as an approved seller and/or servicer for each of those respective federal agencies. TBW has unsuccessfully sought to have the termination/suspension decisions of each of those agencies reversed. As a result of these actions, TBW must cease all origination operations effective immediately. Regrettably, TBW will not be able to close or fund any mortgage loans currently pending in its pipeline. TBW is cooperating with each of the agencies with respect to its servicing operations and expects to continue to service mortgage loans as it restructures its business in the wake of these events. We understand that this could have a significant impact on our valued employees, customers and counterparties, and are very disappointed that a less drastic option is unavailable.”

I found this just a while ago online. This may maka a lot of us that have TB&W loans happy:

“Taylor, Bean & Whitaker mortgage corp. (“TBW”) received notification on August 4, 2009 from the US. Department of Housing and Urban Development, Freddie Mac and Ginnie Mae (the “agencies”) that it was being terminated and/or suspended as an approved seller and/or servicer for each of those respective federal agencies. TBW has unsuccessfully sought to have the termination/suspension decisions of each of those agencies reversed. As a result of these actions, TBW must cease all origination operations effective immediately. Regrettably, TBW will not be able to close or fund any mortgage loans currently pending in its pipeline. TBW is cooperating with each of the agencies with respect to its servicing operations and expects to continue to service mortgage loans as it restructures its business in the wake of these events. We understand that this could have a significant impact on our valued employees, customers and counterparties, and are very disappointed that a less drastic option is unavailable.”

WOW, Guess I should have finished reading all the way down before posting my previous comment. I am still getting letters from TB&W. I don't even know how much better off we will be if BOA takes over. They are nothing to brag about. I think homeowners are just screwed. I read where they are wanting to take homes that have been foreclosed on and make them habitat for humanity houses. I guess we can get on a HFH list and maybe get our houses back.

I read some of these messages and my heart goes out to each and everyone of us who has had the torture of dealing with TB&W. However, one person stated he would not pay his payment after my earlier post regarding my phone call to my attorney. I decided once again to call my attorney and ask if this were a wise decision and he said ABSOLUTELY NOT! If your loan has been taken over by the Feds or already being processed to another company did not mean your payment would not post. Their closing down means nothing when a payment is due. He also did some investigating on his own, calling other attorney's that he has dealt with that represent TB&W. He informed my husband and I, that if we start missing payments etc.. It would cause foreclosure as well. It can take several months for the new lender to contact us therefore missing payments can and will steer you closer and closer to foreclosure. He also stated that if they are restructuring, they may have the right to retain some of their mortgages. God forbid any of us have to deal with them any longer, but this is the cold hard truth. We may not get away from them, stopping payments will cause us to lose our homes, and new mortgage company's can still foreclose if we don't continue to send the checks in. Fortunately, our attorney has offered to collect payments and have them electronically submitted for our protection. We will be given receipts twice....... once for giving them the money and the second when the transaction is complete. This way we are protected in every way. So my advice is the same as someone earlier stated, make copies of payments, overnight them with confirmation, and once the check clears, keep all bank statements or copies of cancelled checks. Good luck everyone, and let pray this winds up being the last year we ever have to deal with these crooks. You are all in my thoughts and prayers!

To: Crystal (or for that matter anyone who has any info that could help us) would mind helping me out with the phone # for Sparta some we can get some information regarding our TB&W Loan. We were in the process of refinancing our loan with TB&W through a program called the "Fresh Start" Program, which we were told was like a kick-off type company of TB&W. The lady we started working on this around Feb/March of 2009, filled out & signed paperwork, sent it to her, we contacted her in July because we had not heard from her in 2 months. She stated that a payoff from TB&W had not been made due to lack of communication on her part, she told us that we were still able to go through with the "Fresh Start" Program, but that we had to send in 3 payments & they would pay for the other 3 payments. We fell on hard times as my Fiance was involved in a work related accident & is now on Workman's Comp, and I recently lost my job. The last time that we talked to her was on 8/4/09 because there was a paper we needed to fax her, we tried to fax it on 8/5/09, but she gave us the wrong fax #. We tried calling her to get the correct fax # for her, but all we are reaching is her voicemail & needless to say we saw today on our news that the FBI shut them down for Fraud. Anyone who can give us any info regarding what's going on would be greatly welcomed! Thank You!
Sincerely,
Regina & Paul

sparta services said any loans in the pipeline are on hold, if an agreement was done, then it would be honored by bank of america.

Sparta cant help you now. They will only advise that bank of America is taking over the loans and to call them. When I called BOA, they said we had to wait weeks and we should receive information in the mail. That currently files are being transferred but that nothing can be reviewed at this time. Pending foreclosures have been put on hold for 30 days from what I understand.

For Paul and Regina-This is whats going on per the Business Journal:

Taylor Bean & Whitaker Mortgage Corp. shut down Wednesday, two days after its offices were raided by federal agents.

The Ocala, Fla.-based lender, which hoped to infuse Colonial BancGroup Inc. with $300 million before the deal went sour, closed its doors today after it failed to reverse the Federal Housing Administration’s orders to cease making FHA-backed loans, according to a written statement.

“Regrettably, TBW will not be able to close or fund any mortgage loans currently pending in its pipeline,” the statement said. “TBW is cooperating with each of the agencies with respect to its servicing operations and expects to continue to service mortgage loans as it restructures its business in the wake if these events.”

According to the Wall Street Journal’s report on Tuesday, Taylor Bean failed to submit a required annual financial report and to disclose to the FHA “certain irregular transactions that raised concerns of fraud.”

Two days ago, Florida offices of both Taylor Bean and Colonial were raided by federal agents, which executed search warrants ordered by the Special Inspector General for the bank bailout program known as TARP.

The two offices, which included Colonial’s Mortgage Warehouse Lending Division in Orlando, worked closely together on a deal to prop up the bank with $300 million in capital in order for it to receive $550 million from TARP. Colonial's office is still open.

However, plans fell through last week because bank regulators did not approve the transaction before the planned close date of July 31. Without the capital, Colonial said its survival is “doubtful,” according to its recent earnings report.

I don't understand what was illegal about whatTBW did. The moment your 30 days behind on your mortgage your in default of the contract. At that time they can call your note due. It sounds like alot of people purchased more than they can afford. Majority of the people that get a loan thru TBW usaully don't quallify for a loan in the first place. They deal with people with bad credit and very little money down and a track record of having no major savings. WOULD YOU LOAN 97% OF A TRANSACTION AND LET SOMEONE GO LATE ON YOU. There not a charity there a business. IF THE FEDERAL GOVERNMENT REALLY WANTS TO HELP WHY DON'T THEY LOAN MONEY TO THE CONSUMER NOT THE BANKS.

Well JOHN, When I got my loan it wasn't with TBW it was sold to them. When I got my loan I could afford it. After I had my loan a year I had to take a substantial cut in pay, to the tune of almost $10.00 an hour, just to keep my job. Two major corporations shut down in my town leaving over 2,000 people jobless so going somewhere else wasn't an option. One of the issues is they are telling people they can help them but they are not not taking calls from people. Why would the gov't help consumers they aren't getting anything from the people. They are only interested in helping big corporations that like to screw the consumers. Do you think most people actually want to default on a loan? In case you haven't been watching t.v or reading the newspapers (and I take it you don't read very much given your use of words)the economy is on it's way to a huge train wreck. In fact it is so close it is starting to derail. Since you are defending them so strongly my guess is you either work for them or related to someone that works for them.

Ding, dong the mortgage company is DEAD !!!!! Taylor bean whitaker has been shut down as of 08/05/2009 by the feds and fha according to the st petersburg times.According to the reporter, Bank of America is taking over.

True.. You sign a contract to purchase a home that is an agreement between you an a lender. That is understandable. I don't fully understand what they did to be considered fraud. From all the stuff I was reading they were off by 2.6 Billion dollars on one of the balance sheets turned into the feds. They accepted Tarp funding and wanted 300 million more in addiional tarp funds. From what I can tell TB&W screwed with the numbers to make them qualifiy. Its also alledged that TB&W accepted tarp money, advertised they were cooporating in Obama's Affordable Home Mortgage program but helped very little.

I also read several rumors that TB&W, (either the CEO or the company iteself) also has owns several restaurants around the Ocala area. It is rumored that Tarp money may have been used to keep the Restaurants in business.. At which I believe that would be money laundering. Although I can't confirm that rumor. If anyone has any further information let me know.. Just interesting how fast these house of cards fell.

Dear John, We are all aware that being over 30 days behind on a mortgage makes us default. The reason so many of us are upset with TB&W is because we have been trying to modify our loans for months, many of us before we even missed a payment and have not had any help.Unfortunately, many people have lost jobs or had other circumstances that are out of their control and were unable to keep up with the payments. Also we are not asking for hand outs, most of us would be happy if they just lowered our interest rate or extended the term of the mortgage (or both). To me it would be good business to keep people in their homes and earn less interest then to foreclose on them and lose all the money, not to mention having to then worry about taxes, upkeep, and realtor fees as well. It is obvious TB&W was doing something wrong or they would not have been shut down by the Federal Government.
“I find hope in the darkest of days, and focus in the brightest. I do not judge the universe.”
Dalai Lama

I have not yet sent my August payment. I tried to set up a payment online today and it says "payment blocked". I tried a phone payment and it also says "payment blocked". My banks billpay won't accept any payments. I don't know if Western Union still works but it looks like we have no more instant payment options.

I think I will wait as long as I can to snail mail my payment. Send payment around the 20th using Priority Mail with delivery confirmation. Maybe if I hold out as long as I can with payments, perhaps I can get information who my new servicer is and a new address or instant payment instructions.

Just wanted to let everyone know it appears our instant payment options are no longer working. You might be out of luck if you wait until the last day of the month to do a telephone pay and find it doesn't work. Better to plan accordingly.

Simplemind,

What type of loan do you have? FHA or conventional? Also at what point do you get an error? I can go all the way until the submit page with no errors and I have a convention loan backed by Freddie Mac. I know that the FHA loans are supposed to be taken over by Bank of America (BoA), but no mention has been made of the conventional loans. I intend to overnight my payment to them at the last possible moment. That way I will have a receipt showing that payment was sent. You can bet that even though TBW is out of business that someone will still be taking payments. Even with the shutdown, TBW still has "essential" personnel according to the local papers. I'm sure those roles are to keep some aspects of the company still alive like payment processing.

I contacted Bank of America mortgage. They verified to me that they are taking over TB&W accounts. They told me I will receive a welcome packet in the mail within the next few weeks. I also explained to customer service that my payment was due on August 1st. Are they going to have something set up by the end of the month to make payments? They told me they think they may have all of us in the system to where we are able to make payments by the end of the month. I asked if I should make a payment to TB&W since I have a payment due. They told me during this transition they will waive 30 day lates and late fees until the transition is fully complete. The customer service rep told me if I wanted to hold out until BOA puts my account in the system that is fine.

I just got off the phone with Sparta. Who has been supposidly servicing or filing our modification paper work... Ha ha.. They said in a very rude tone ... "THEY ARE NOT SERVICING OUR LOAN ANYMORE.. AND THEY HAVE NO FURTHER INFORMATION!!" That is jsut lovely!! SO, I called freddie mac.. They where no help either.. So, im not sure what any of this means.. I guess i wont get a modification and I guess we will be out on the street!! thanks TB&W~

John are you still here??? lol This has just begun. The feds don't come in randomly. This is the beginning...

HA HA HA. Now who gets the last laugh.. I've tried several monthes to refi with the new programs. However, There rates have continued to be higher then the rate I already had. I've called and sent messages and called some more. With little to no help from tb n w. They don't deserve to be in capital letters. However. I have called bank of american and they have comfirmed my loan will be transfered to them in about 2 weeks.. I asked if I should make my payment for this month to tbnw and they said NO!!! 100% not too. They will be contacting us in about 2 weeks time, and from there we can or should be able to do a home modifi program with the goverment through there bank.. Kiss my --- tbw. I hope you all fall to the feds.. Lovingly MR. BRIAN P HAMON O-PA-C

Bank Of America.. There will be a prompt for a loan number. Use the one that asked for ss # and zip code for property.. In your face tbw.. ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha hahhahahahahahahahahahahahahahahahahahahahaah

We have read that there may be ISSUES with BOA too, so I don't know if them taking over the Mortgages from TB&W is going to be good for everyone or not..
Paul & Gina

This is from The Ledger:
WASHINGTON | Billions of dollars the government is spending to help financially pressed homeowners avert foreclosure are passing through - and enriching - companies accused of preying on the people they're supposed to help, an Associated Press investigation has found.
The companies, known as mortgage servicers, are middlemen who collect monthly payments from homeowners and funnel the money to the banks or investors who hold the loans. As the only link between borrowers and lenders, they're in the best position to rework the terms of loans under the government's $50 billion mortgage-modification program. The servicers are paid by the government if the changes keep homeowners from falling behind on payments for at least three months.

But the industry has a checkered history. The AP found that at least 30 servicers have been accused in lawsuits of harassing borrowers, imposing illegal fees and charging for unnecessary insurance policies. More recently, the companies also have been criticized for not helping homeowners quickly enough - delays that lead to more fees for homeowners and profits for servicers.

The biggest players in the servicing industry - Bank of America, Wells Fargo & Co., JPMorgan Chase & Co. and Citigroup Inc. - all face litigation, some of which has led to settlements with homeowners. All will receive federal money to modify loans.

But the industry's smaller players, which specialize in servicing riskier subprime loans and loans already in default, face harsher accusations that they systematically abused borrowers.

"The irony is, in essence, the government is paying servicers to do their job, which is to do loan modifications where appropriate," said Kurt Eggert, a law professor at Chapman University in Orange, Calif. "And that's not a part of their job they were good at."

The government says it has no choice because the servicers are the only link between borrowers and the investors who indirectly own their mortgages through securities.

Paul & Gina

Refinanced in February 2009 with Taylor Bean & Whitaker for a lower interest rate. Trying to make the payments has been an issue ever since refinancing…it seems they kept changing things on the website. This week (Monday August 10, 2009) attempted to make my mortgage payment. ..is due on August 1st, but the grace period allows for no late charges until the 15th. I had a lot going on last week that I needed to take care of and wasn’t too worried as I planned to pay on Monday, August 10. Tried to access account online --- state “account restricted”, tried to called message stated they were open until 8pm est…it was 5pm est message stated they were “closed”. Sent emails asking what kind of scam they were playing…resent about 15 times…no answer! Attempted online access today and same thing “account restricted”, called number for TBW and gave new number to call…”CLOSED” for today.
Decided to “google” search TBW --- Feds did a search warrant and closed the company’s doors!!!!
Did the Feds do due diligence to protect the legitimate customers…..absolutely NOT!!!!!!!!!! By law not suppose to hinder legitimate business!!!!!!!!!!! Do they care about the employees (with families & bills) and the customers affected -----OBVIOUSLY NOT!!!!!! Have to ask how many people (innocent TBW employees they put in hardship!!!!)….while they drive in their pretty cars and go to their homes and family with a pay check! Guess they are helping the overall economy and humanity. If they truly “cared” they would have taken these things into consideration!!!!!!!!!!!!!!!!!!!
One article states that Bank of America will be taking over….and to make the payment s to them. Questions? How were they selected? Who owns BofA??? The Feds or another country (China---maybe???) Whose palms are being greased???? Are they trying to make us late to foreclose, so the government or another country can OWN us??? They take our property, make us move or rent it back…..then -----------------------------they OWN US!!!!
LOOK people what is going on!!!! JOBS, HOMES, HEALTH BENEFITS, GAS, ESSENTIALS!!!!!
Will we be like people in some other countries fighting to just survive that we forget OUR FREEDOMS and RIGHTS we and our ancestors have fought for!!!!!!!!! Family, hard work, ethics, integrity, small businesses and the “AMERICAN DREAM” are becoming extinct!!!
PEOPLE ---- WAKE UP!!!!!!!!!!!!!!!!!!!!!!!!

As I understand the Feds did not close the company's doors. TB&W closed on their own behalf. The FHA suspended new loans for 30 days during the investigation. That was the only drastic action the Government took. TB&W decided to shut down on their own. Maybe they did not have the resources to go 30 days without underwriting a loan.. Or perhaps they were as guilty as hell and are fleeing to Mexico. Or both.. I don't know.


As far as I know.. No charges have yet been filed. It is not known if they found anything incriminating when the feds searched the company.

And by the way.. Relax.. Take a chill pill.. The last thing the Government wants is another home sitting vacant, becoming a meth lab, vandalised, or copper plumbing and other metals stripped from the foundation.

Bank of America probably had the contract to provide a back up service for FHA loans a long time ago. I have contacted BOA, and it sounds like they are being more cooperative to work with all of us. I am not expecting a miracle, but this looks much more positive than TB&W. Nothing can be worse than my experience with TB&W.

BTW.. China has other easier ways to take over this country than buy up foreclosed homes.

Please I need help. I am a single mom of three, i was out of work for 8 months and tried to work with TBW, no luck. I begain working with the Fresh start program. No luck there either. I recieved foreclosure papers the other day, I'm so scared and dont know what to do. Can anyone help me?

Stephanie read through the prior posts on here, that may help you out. Also try to contact Bank of America, also maybe an Attorney could help you too.

Up until 2 days ago I new nothing of this site. At first reading all of the postings scared us half to death. We to have had nothing but trouble with TBW.After talking with BOA we very hopeful. They were very curtious and easy to contact. We were told to call back in about 2 weeks to discuss our loan.

Stephanie,
Also call HUD in your area. I am sure they are well aware of the saga. Call BOA but have a back up with HUD.

I funded my home in 2007 with TBW and I found out in 2008 that the land that they where suppose to pay for is not the land that my home is sitting on. I had 2 parcels of land. TBW only have the deed for one piece of my land. When we closed on the home I was under the understanding that both pieces of land where combined. Also at closing they had my name wrong and were using my middle name as my first name. Now that is really confusing when I have to call them about something. My husband had a heart attack and we got behind on our mortage and where trying to catch it up. We where on a repayment plan and then got a call about the Fresh start program. I was told that I needed to be at least 2 months behind before anything could be done for us. I got a letter that said I needed to make two payments before the end of the month which I did and after that start back with the repayment. Now I dont know what to do seeing that they are closed down. Any ideas would be helpful.

I am a realtor who represents a couple who are in financial distress. Their home is for sale and we have an offer now. The problem is that they are behind on payments and they owe more on the home than it can sell for due to a declining real estate value.

I have been calling the numbers I have for TB&W every day and keep getting a busy signal. I have also sent faxes. The silence is deafening. I think I can get this home sold if I can just communicate with someone at the friggin bank. In the meantime, the offer on the house expires in a week. My client is going to be so far behind on payments soon that Foreclosure proceedings will be imminent. If foreclosure occurs, it will most certainly be due to the fault of the bank, not my client.

Any ideas?

Kim Grissom, contact the title company you closed with regarding the discrepancies on the deed issue. They may be able to help you.

I have been trying to get a loan mod. aproved. I were one month delinquent on March 1st as a result of many financial hardships. Loan was sent to Sparta on June 1st and then to the attorney (hired by Sparta which were were not notified of) Sent in over 8,000 dollars to TB& W and all sent back. No record of them ever receiving. Imagine that. Good think I requested all this from my bank and have documentation. About 3 days after the TB& W raid Sparta told me that they were almost done with with process, had requested and received all info they needed and now will no longer be servicing. Called Sparta today and their is a recording saying that my loan has been given to Faxon. Called them and they said that they will have all my info by Aug. 18th and then we can begin working to finish mod. In the meantime called the attorney and they had no clue that Sparata was not longer servicing my loan. Oops..Did someone forget to tell the attorney they hired. Well called the attorney back and they are scrambling and not sure what to do. I told them that Faxon told me that we are protected by some realstate protections act (respa) and that everything will be frozen in the time being. Hope this is true. We take total responsibility to pay for what we owe. We were just trying to get a loan mod because of the current economic condition that has affected our income and just following what Obama told us to do (loan mod. act) Just want this resolved, but something seems shady, TB&W were not working with us. Always sensed that something just was not right.

All I can say is call your representative. Mine is all over it. He is doing everything to help us

From Fox news website:

A New Hampshire cancer survivor who nearly lost his home four months ago due to "immoral" practices of his mortgage company now claims he's left "in the dark" after the same company was shuttering by federal agencies due to possible fraud.

Taylor, Bean and Whitaker, of Ocala, Fla., the nation's 12th largest home-loan company, was suspended on Aug. 4 by the Federal Housing Administration (FHA) for failing to submit a required annual financial report and misrepresenting that there were no unresolved issues with its independent auditor.

"They never even had the gall to let their customers know what was going on," Angelo Kontarinis told FOXNews. "We've tried to get through to them and no one is answering. We've just been making our payments as we agreed to, but we're in the dark now, as are they rest of their customers."

FHA Commissioner David Stevens said the "FHA won't tolerate irresponsible lending practices," and suspended the massive mortgage company's business, effective immediately.

"We were also troubled that the company not only failed to disclose it was a target of a multi-state examination and a separate action by the Commonwealth of Kentucky, but then falsely certified that it had not been sanctioned by any state," said Stevens.

One week later, Kontarinis, of Exeter, N.H., still has no answers about the status of his loan.

He is no stranger to trouble with Taylor, Bean and Whitaker. In early 2007, the adjunct professor at the New Hampshire Institute of Art was diagnosed with kidney cancer. Unable to continue working, the 40-year-old father of three then fell behind on his mortgage payments last fall and contacted the mortgage company to refinance their three-bedroom, $265,000 home.

Kontarinis was told nothing could be done until he and his wife, Melissa, fell three months behind. Five months later, after "constant rude comments" from employees at Taylor, Bean and Whitaker, Kontarinis received an attorney's notice in late April indicating their home would be auctioned on May 8.

An innocent e-mail Kontarinis sent to Kidney-Onc, a discussion list for relatives, researchers and physicians of kidney cancer patients, explaining his situation led to "literally thousands" of good Samaritans determined to keep the Kontarinis' in their home.

After incessant calls to the company by those individuals, including one inquiry from Democratic Sen. Jeanne Shaheen, a caseworker at Taylor, Bean and Whitaker called Kontarinis and restructured his mortgage over the phone, lowering the interest rate by one-third.

That six-month agreement was made in May. What will happen come October, when he is required to refinance, is anyone's guess, Kontarinis said.

"We're hoping to restructure our mortgage permanently with whomever takes over," he said. "We're hoping a better, non-corrupt organization takes over that will be fair to work with."

Kontarinis said he does feel a measure of validation seeing the end of a corporation that gave his family so much heartache.

"We've always said they were a corrupt, immoral organization," he said. "But I do feel bad for their employees, who will be out of a job. But these are the same people who called us names on the phone for months."

Attempts to reach representatives at Taylor, Bean and Whitaker were unsuccessful Friday.

For now, Kontarinis, who said he's feeling healthy prior to additional treatment scheduled for this fall, is focused on which finance company will takeover his mortgage. A mortgage attorney advised him to continue making payments nevertheless.

"We're just waiting to see what will happen next," he said. "It's anyone's guess."

Simplemind. Thank you for posting this.

Every little bit helps. I will forward this to my senators and congressmen.

I HAVE BEEN TRYING TO MODIFY MY MORTGAGE WITH TB&W SINCE MAY. THEY HAVE NOT WANTED TO COOPERATE. NOW, THAT THEY KNEW THEY WERE GOING DOWN IN JULY, THE STARTED FORECLOSURE PROCEEDINGS. NOW MY MODIFICATION PACKET IS AT SPARTA. ITS NOT LIKE I DONT WANT TO PAY FOR MY HOUSE I DO-I HAVE JUST HAD DIFFICULTIES, LIKE A LOT OF PEOPLE HAVE-BUT WHY WOULD TAYLOR BEAN WANT TO FORECLOSE-MY PROPERTY IS NOT EVEN WORTH WHAT I OWE ON IT-WOULDNT IT BE SIMPLIER-JUST TO REMODIFY MY MORTGAGE-AT LEAST I WANT TO PAY FOR IT-INSTEAD OF LEAVING IT EMPTY FOR HOWEVER LONG. ALSO WHAT HAPPENED TO LENDERS WORKING WITH HOMEOWNERS TO KEEP THEM IN THEIR HOMES AS PART OF PRESIDENT OBAMAS MAKING HOMES AFFORDABLE ACT-ITS JUST A MATTER OF MORTGAGE COMPANYS BEING SO GREEDY-THEY DONT EVEN WANT TO WORK WITH ANYONE, NO WONDER THERE ARE HOMES SITTING VACANT NOW.

Has anyone contacted a lawyer? We need to be sure that there ARE grounds for a lawsuit. What law HAVE they broke? Has anyone been sent to "Faxon" Mortgage Co.? Thanks!

Does anyone know of any Obama Making Homes Affordable Act(lowering interest, longer terms etc) modifications that have been approved either by TBW or another lender? I have reseached and am starting to believe this is another HOPE program failure. Please tell me I am wrong!

Tammy, try contacting HUD.

Apparently they have counselors who assist people in getting loan modifications done:

Tammy,
When you go to the HUD website there are various credit consumer counseling services. These companies are funded by the government. They transfer you to a counselor and they will help you talk to your lender. They take your financial info., make a budget for you, give you names of non-profit lawyers, and are available though the whole loan mod process. We even called on three way once. As far as helpful, they look at the facts and try to gear you in the right direction. It is a great resource if you are trying to get your loan modified. I do not know anyone that has been approved and they probably wouldn't be trying to find help on this blog like we are if they were approved...I'm assuming.

Taylor, Bean, and Whitaker would NOT work with my housing counselor PERIOD. First time we sat on a three way conference call on hold for 2 hours. Then the phone hung up. We attempted to make a 2nd try a few weeks later.. We got a recording all circuits were busy or got a recording the number was disconnected. We tried the long distance number and got a fast busy signal.. Then we tried a third time. Waited on hold for almost two hours and finally got a rep. Taylor Bean said they would send a modification packet via mail. they told me since I am not 30 days late, they would not get to me right away. They have people that are 60, 90, and 120 days late to deal with first. Its been about 3 months neither my housing counselor or myself received any modification packet.. Hopefully I'll have better results with Bank of America. I had to take a pay cut with my employer in April. I am making roughly $950 a month less take home pay than I was last year at this time. At least I am lucky to still have a job and my wife still has her employment.. So in some ways we aren't as bad off as some. . Unfortunately the cash flow just isn't what it used to be. Its coming to a point to where I have to make a decision to make a house payment, or pay utilities.. I saw this coming and knew the lower pay would start to catch up with me. I tried to work this out with my housing counselor and contact TB&W since April. Taylor, Bean, and Whitaker sort of treated me rudely. Gave me the number to the local food so I could get free groceries to pay my mortgage.

Mu husband just found all these complaints against TBW. Wish we'd looked at this sooner. I became ill in summer 2008 and it took so long to diagnose the problem, plus costly diagnostic tests and specialists, by November 2008, we realized we weren't going to make the mortgage payment. I called TBW to see if they would work with us; a young lady said don't worry and don't make the payment. TBW won't even look at your case unless you're in arrears at least 30 days. She said they would send a packet and we could file for some sort of modification plan. We got the packet in a few weeks, went through all that baloney, wrote our letter of hardship, and sent it in. Never heard anything until February and, of course, no returned phone calls came from them! Long and short of it is: we kept trying to hold on to our home. We're retired and on Social Security. We both applied for part time jobs in November, but I couldn't have worked if I'd wanted to. Anyway, the modification plan they finally sent to us (which was February) was to add four months delinquent payments to our mortgage, which took our payments up about $300 more each month. We went to an attorney still hoping to keep the house. He advised us about filing Chapter 13, which we really don't want to. Our credit has always been good. In the meantime, we were served with foreclose in mid April. Our attorney has been handling everything since then, but there is still no working with TBW. So just this past Friday at a meeting with our attorney, we've decided to short sale the house and give it up. We have an old RV; we'll live in it and store our furnishings until we can decide what to do. TBW would not return a phone call and not listen. We tried to contact several of the "agencies" that were supposed to help. Never got through. It's too late now. Then we just heard about TBW being sold. No wonder. They really deserve to go under as far as we're concerned. Our attorney said what they've done is actually not illegal, but it certainly has created hardships for many people. Our home is now valued at $50,000 less than what we paid for it three years ago. That was our fault; we fell in love with this little house and it was where we wanted to live out our remaining years! I'm due to go on Medicare next year; likely, there won't be any left at the rate the government is going!!! But that's another ball of wax!
My recommendation: contact a real estate agent and short sell the house if you haven't lost it already. They have to accept the selling price and you can walk away with dignity and not have to file Chapter 13. Unfortunately, you lose the house, but it's better than losing your credit.
Blessings!

EVERY ONE NEEDS TO CONTACT THEIR SENATORS THE OFFICE OF THE ATTORNEY GENERAL IN THEIR STATE-AND LET THEM KNOW-HOW MANY PEOPLE ARE HAVING PROBLEMS RENEGOTIATING WITH TAYLOR BEAN. I TRULY DO NOT BELIEVE OUR ELECTED OFFICIALS ARE AWARE OF HOW MAY CONSUMERS, HAVE TRIED TO GET A LOAN MODIFICATION THRU THESE MORTGAGE COMPANIES-MAYBE IF WE LET ENOUGH PEOPLE KNOW, WHAT HAS BEEN GOING ON-SOMEONE WILL STEP IN AND SAY HEY-WORK WITH THESE PEOPLE.

TB&W collected our mortgage every month and neglected to pay our Homeowners insurance for 11 months. We received no notification that we didn't have homeowners insurance until we went to file a claim. Funny how our mortgage remained the same every month when our insurance was not paid. Now we may have over $5000 worth of repairs that we are responsible for due to their negligence. Does anyone else have this problkem with TB&W? Please contact us if so, we'd like to jump onto a class action if we are not alone.

I'm a realtor representing a couple who is in financial distress. We had an offer on their home a couple of weeks ago, which was sent by fax to TB&W immediately to negotiate a short sale. The offer had an expiration date of 8/21.

I STILL have had no communication with ANYONE from TB&W, in spite of my repeated attempts to call them. All I have gotten is a perpetual busy signal with no opportunity to even leave a message. Their fax machine apparently DOES work. I've faxed them repeatedly with no response. I faxed the same letter 30 times over the weekend and plan to give a copy of my phone records to my real estate client to substanciate my efforts.

Yesterday I contacted B of A to see if they had any record of my client's mortgage yet. They do not.

Meanwhile, the agent representing the buyer called me yesterday afternoon to tell me her client was withdrawing their offer on the home because they don't want to wait any longer.

We lost a potential sale and it is the BANK'S FAULT! My client may be going into foreclosure now because of the bank's incompetence.

I don't know if my client has any recourse or not, but I'm looking into it. I'm PISSED!

we have never been late on a payment ,but i wasnt able to make it this month ,because i cant access our account.what do i do to stay in good standing with everwhat company that gets it.???

Hello all, I am a previous employee of TBW and have never ever blog about anything but i am angry so please allow me to vent as i was just denied assistance and was shorted several hours on my last pay check -I called TBW and OH guess what? There's no human resources or pay roll dept to contact-DUH!
My department actually insured the FHA loans that TBW serviced (Government Insuring-G.I.).
G.I. was contracted out and is currently recieving funds from Gennie Mae through TBW to cover pay roll.
Management chose 15 individuals to stay back and finish working the over 6,000 Gennie Mae loans that were already serviced by TBW and need to be insured.
Truthfull though-I witnessed it myself-they arent working-just milking it until Gennie Mae pulls the plug - so if any one out there has an FHA loan serviced by TBW please look into it before even trying to refi as I guarantee you they are NOT getting them insured like they should be. Bob Sarr told us-he doesnt give a "sh*t" what happens now and to just "look" busy when Gennie Mae walks by. This is the reason I chose to terminate that contract-I fear that is illegal and not to mention completely immoral and there is no dignity in "milking" a pay check.
The reality of the entire situation is THIS-manager Bob Sarr threatened several employees for even speaking of the fraudulant ativities taking place in his department.
Those that spoke up about it were asked to transfer departments immediately-sadly- those that could'nt transfer were ran out via a bully system set in place by supervisors and managers or fired for simple irrelevent reasons.
When the department recieved an incomplete loan or one that did not meet HUD's requirements employees were asked to "TAKE IT OUT TO LUNCH" by Bob Sarr himself.
In a nutshell that meant that certain individuals could manipulate numbers/signatures, etc. on bank statements, underwriter docs-whatever they had to do to get the loan insured.
Myself and 3 other employees were treated w. little to no respect for over a year because BOB SARR knew what he was doing was wrong but had no real reason to let us go.
I asked him on several occasions if that was really going on and he neither confirmed nor denied it but simply called me into the cafeteria and literally told me that he has the authority to make sure I never work for TBW again and that if I make "waves" to rest assure that they wouldn't be bigger than his own "waves".
I am a single mother of 3 kids and could not afford to lose my job. I tried on several occasions to get out of my department but was never even offered an interview.
A manager friend of mine told me that Bob Sarr pulled her outside after i requested a transfer to her department and told her not to hire me because i am "trouble"-obviously he had no idea that she and I already knew one another. At the end of the day HER manager said she did not want to get involved with whatever Bob and myself had going on because it would bring problems to her department.
Come to find out HR wasnt even getting my applications or transfer requests-YES a transfer is completely at the mercy of your manager.
I am sad that this happened-people left the office that sad Wednesday confused and scared. I saw some very strong women who were the only ones still employed in their household leave the building SOBBING and not sure how they would make it.
True enough the FBI came in for one thing but google TBW and you will read article after article with fraudulant complaints from previous employees/customers.
Bob Sarr and his mistress-Kimberly Korpela felt that they could use the job as their play ground. They are two average people with a lot of personal/professional drama on their hands and to add to it they were both working late to forge documents to meet FHA guidelines themselves.
Kimberly and Bob both bullied people and worked together to make people's lives as miserable as they could from 9-5 mon-fri.
After she tried to run him and his WIFE over with her car he was fired for not showing up to work...then re-hired-she was asked to change departments, etc.
This is what i have had to live with for the last year of my life. Dealing with Bob's personal drama and watching my dept go to hell in a hand bag. When he would get upset at her we would all suffer.
After so much tension and torture in my life day after day-i am just so angry to see that they are both still are allowed to collect a pay check at TBW but i am not. All of my work was lagite and i never missed a single day my entire 4 years i worked for the company.How are these two still reportig to work 2 weeks after the other 90% of the company was let go?
I hope Bob and Kim are investigated and put in jail along with the rest of them who were doing fradulant actities.
I hope they take away his DE and no longer allow Bob or those that worked along side of him to work in the industry ever again.
Thanks for listening. I know this sounds more like a complaint session than something that can offer anyone assistance-and yea maybe it is-but I feel like it needed to be said. I have had to deal with so much just to put food in my kids' mouthes this past year and was simply just scared to lose my job.
The only thing i can do now is be thankful for my health and the fact that i have a beautiful family to fight for and to just know that what is down has to eventually come back up.

Previous TBW employee,

You should take your story to the Attorney General and FDIC if you have not already.

You would likely never see any financial gain from it but your story might contribute to helping some people get their loans modified before they lose their homes. Dunno, but it's worth a shot.

TBW'S HOME PAGE NOW HAS INFO ABOUT WHO WILL BE SERVICING THEIR LOANS DEPENDING ON WHAT LOAN YOU HAVE AND IF YOU ARE CURRENT AND WHERE TO SEND TO PAYMENTS. COPIED BELOW ....


NOTICE TO HOME MORTGAGE CUSTOMERS

AT THIS TIME, TAYLOR, BEAN & WHITAKER MORTGAGE CORP. ("TBW") IS UNABLE TO EITHER OFFER AN ONLINE PAYMENT OPTION OR AUTOMATIC PAYMENT DEDUCTIONS FOR ITS HOME MORTGAGE CUSTOMERS. PLEASE NOTE THAT NO AUTOMATIC DEBIT PAYMENTS HAVE BEEN MADE SINCE AUGUST 10, 2009. MOREOVER, TBW IS NO LONGER SERVICING GINNIE MAE AND FREDDIE MAC LOANS.
FOR HOME MORTGAGE CUSTOMERS WITH A GINNIE MAE LOAN, YOUR LOAN WILL NOW BE SERVICED BY BANK OF AMERICA.

IF YOUR LOAN IS CURRENT, YOUR SERVICER WILL BE CENLAR.

IF YOUR LOAN IS NOT CURRENT, YOUR SERVICER WILL EITHER BE SAXON OR OCWEN.

FOR ALL OTHER HOME MORTGAGE CUSTOMERS,

IT IS IMPORTANT FOR ALL CONSUMERS THAT YOUR LOAN NUMBER IS WRITTEN ON YOUR CHECK AND THAT YOU INCLUDE ANY SPECIAL PAYMENT INSTRUCTIONS SUCH AS ADDITIONAL PAYMENTS TO PRINCIPAL OR ESCROW. USE YOUR TBW LOAN NUMBER UNTIL YOU RECEIVE A NEW LOAN NUMBER FROM YOUR NEW SERVICER.

Regardless of what the website says. I probably won't send a payment to BOA until I have an account number to with them. The BOA customer Service agent told me they have no way to cross reference Taylor Bean Accounts since little if any of those accounts are in the system. I bet if you sent BOA a payment, you will more likely to get it sent back. Or the payment will be held until BOA has your account in the system. Either way its a good bet something will fall through the cracks if you send payment now. I was told BOA will waive all 30 day lates, and late payment fees during the process.

Former TB&W employee, its nice to know someone works there that has a conscience. The customer service reps were terrible to me. Things happen for a reason, and I am sure God has other plans for you.. You may not have a job, but it appears Bob Sarr will be going down with the Titanic when it finally sinks.

Called FHA’S RESOURCE CENTER for existing FHA Loans and you get a rapid busy signal. Then called FHA servicing and their recording states they cant take call. Ugh!!!

I too have been trying to make my house payment. It was suppose to come out automatically on the 14th and when it didn't I started checking and found out about the closure. What do I do? I have not been notified of anything I have tried all the above mentioned things with no help at all!

Nothing you can do.. Best too wait it out. I would guess..If you send a check to TB&W it will probably get stuck in a lock box for a long time. If you send a check to Bank Of America, they won't know what to do with it as you aren't yet in the system. That is my assumption.. I wonder what percentage of TB&W customers have no clue they out of business.

Called boa, spoke to betty and she said letters still havent gone out. Maybe another 2 weeks. Once we receive the letter, we will then be able to call in BOA to discuss any existing loans. She also advised that loan modification reviews can take up to 60-90 days. Yikes! Looks like my home will be foreclosed on by then. Sigh.......Time for a short sale, I guess.

We tried for over 5 months to receive a loan modification from TBW, and never heard a word from any loan officer regarding our status. We finally were able to refinance, and our TBW loan was paid off on July 30th. I can't get a straight answer from anyone at TBW as to when we will receive our escrow balance refund. Cryptically, all they will tell us is, "You will receive your money, but it won't be within the 30 day time period as our letter to you states." I feel like charging them a whopping "Late fee" , but they are out of business. TBW were nothing but a hassle to deal with, and I am wondering if we have any recourse.

I like most of you have had a horrible experience with taylor bean and whitaker. My only advice that I can give is put all your facts, conversations, and pertinent information in writing along with copies of anything you have gotten from TBW to support your story- like emails, letters, etc. and file a complaint with your states banking commission. I was forced to do this in June when TBW lost our loan and "sold" it, but never sold it, looong story. BUt my point being within 7 days of filing the complaint I got a letter from the VP of TBW apologizing and my modification was completed in 3 weeks. ( we had been waiting since january) but within 3 weeks of our complaint with our state banking commission. When BIG BROTHER is looking over peoples shoulder, they tend to move a lot faster. I know TBW is no longer a functioning company, but document your experience and maybe you will be able to save your home with your new servicer!!

not a fan, That is great advice! Additionally, I might suggest that people photocopy their phone bills and circle any calls to or from TB & W or B of A.

Documentation of everything is critical!

I am BASKING in the glory of TBW being shut down! After a year of back and forth and fingers in the air to me, the mortgagees have prevailed! Now Mr. Farkas and his incompetent staff can see exactly how it feels! Payback is a bitch! Good luck in the unemployment lines to all the CSR's who shunned me and my needs!

I recieved a letter in the mail about my loan that was being serviced by tbw is now going to be serviced by Colonial bank. I'm very confused about this since colonial bank is filing chapter 11. So icalled colonial bank and they said that Roundpointe mortgage will now be servicing my loan. So I called round pointe and they stated that they are indeed going to be my new loan servicer along with ALL tbw clients. Im confused since this is the first i have heard of round pointe mortgage. PS im not sending any money to anyone until im sure this isnt some scam.

I recieved a letter in the mail about my loan that was being serviced by tbw is now going to be serviced by Colonial bank. I'm very confused about this since colonial bank is filing chapter 11. So icalled colonial bank and they said that Roundpointe mortgage will now be servicing my loan. So I called round pointe and they stated that they are indeed going to be my new loan servicer along with ALL tbw clients. Im confused since this is the first i have heard of round pointe mortgage. PS im not sending any money to anyone until im sure this isnt some scam.

Is your loan a conventional mortgage? FHA? Taylor, Bean, and Whittaker's website clearly states Bank Of America. It could be possible that some loans may have got sold to Colonial during the failed merger. Not sure what to think about that. I'd be confused as well.. Did anyone else get anything in the mail yet? I will let everyone know on here the day I receive some information about my loan.

I haven't received anything in the mail yet although I've heard that my loan will be serviced by Cenlar.. and mine is current (by the grace of god I might add and it is a Freddie Mac....I have never heard of this Cenlar company...Are we going from worse to God knows what???? I hate that feeling of "fear of the unknown"...

yes it will probably be worse. CENLAR is really a "cover" for whoever is really servicine your loan, it is usually United Bank and trust if its CENLAR. THat is the servicing company that TBW sold my loan to on 05/01 and as of 07/09 they still had no info on it and told me to call customer service at tbw because their records stated they never purchased it. NIGHTMARE!!!! I would wait until you receive something from the new servicer looking for money. I should have kept my mouth shut. TBW reported to the credti bureau the mtg was paid in full. If i knew TBW was going under, my loan would still be in cyberspace somewhere never to be found!!!

The TB&W home page mentions that Cenlar is handling the Freddie Mac loans. Cenlar is a servicing company that provides processing services to financial service companies and that's all they do. This role should bode well for us because the company gets paid for completing the transaction. They don't have a stake in the properties, so they won't likely be pulling a Taylor Bean (running properties into foreclosure so they can try to flip them on their Web site as premium repos or rigging the online payment function so they can generate revenue by charging customers late fees). A customer rep at Cenlar told me Thursday that an upload of TB&W accounts is set for Friday (Aug. 21) and they may finally have those accounts in that system. She expects the modifactions applications already in process would be included in the upload. However, I'm going to ask for a new packet from Cenlar since I doubt TB&W, as disreputable as we all know it is, didn't do anything with my two applications (filed in March and July).

We got a letter from TB&W yesterday stating that our loan was either sold, or traded to OCwen. I really dont know whats going on. I called them. We have a totally different loan number. I cant understand how we get a letter from TB&W stating that our loan would be transfered on the 12th, but I got the letter the 19th and it already has the new loan number. Something isnt adding up... How do I find out wahts going on??? the number we have is 1877 598 8505. also they told us we only have 28$ in late fees.. How is that TB&W wouldnt take a payment from us since March??? something fishy is going on...

Does anyone have the Cenlar number???

You have to be kidding me. I just went to the BBB and looked up ocwen.. omg, its the same thing as TB&W.. I will copy a bit of it..

Additional concerns of consumers relate to extra charges levied by the company. As reported by Ocwen: "Ocwen does charge a $10.00 fee to produce a payoff statement and a $20.00 one-time fax fee if the customer requests this delivery method. Ocwen does not charge any fees for early payoff of a customer's loan except as provided for in the terms and conditions of their Note and Mortgage". As of April 19, 2004, received copy of Notice from Office of Thrift Supervision United States Department of the Treasury. In part the notice advised of a Supervisory Agreement between Ocwen Federal Banks and Office of Thrift Supervision. The company agrees to take steps to: Improve its mortgage loan servicing practices, including its dealings with consumers whose loans are serviced by the Bank and to enhance its compliance with applicable laws and regulations, including but not limited to the Real Estate Settlement Procedures Act (RESPA), the Fair Debt Collection Practices Act, and the Fair Credit Reporting Act. Further, the company will develop, adopt and implement an acceptable plan to improve the manner and reduce the time in which it appropriately resolves consumer complaints/disputes. This company comes under the direct supervision of the Office of Thrift Supervision, Northeast Regional Office, 10 Exchange Place, Jersey City, NJ 07302. According to a spokesperson from that agency, the company is allowed to charge these fees. If, you have an complaint against the company, that remains unresolved you may wish to file a complaint with the Office of Thrift Supervision at the address listed in the above paragraph.

So. basically its TB&W all over again!! oh freakin JOY

Just be careful because property records are public record. Anybody can go to a court house and cross reference properties financed by Taylor, Bean, And Whittaker. Some counties have that information freely available online. A lot of 3rd parties sell this information as well. So its probably not difficult for someone to get scammed saying they are servicing your loan.. And you should send your payments to them. There probably are a lot of customers who have no clue TB&W went under. They get a letter.. call TB&W and they aren't answering phones.. and send them the payments..

I have to wonder whether scam artists have gotten a hold of a TB&W roster of customers (realizing how crooked this company is, it could be former insiders) and there is a ruse afoot to get mortgage payments sent to them so they can cash in.

I took someone advise from this site and email my Senator Lindsey Graham from South Carolina. I sent the email Monday today in the mail I got a response from him. It states that they need a little more information to into this mattter more. I am hoping this will help.

Kim, you should send Lindsey a link to this forum if you didn't already..

I sent this to my New Mexico congressmen and senators. So far, Tom Udall's office is the only one that has responded to me. No real help yet, but they are looking into it.

I just remembered.. My home insurance is due in a few days.. I have $1,500 in escrow SOMEWHERE. Should I pay this out of pocket? Or do I wait this out?

Three weeks ago i was to sign papers for a refi through TBW, who is/was currently holding my mortgage. This was part of the so-called obama plan. the papers i was to receive, sign and ups back never came to me. seven phone calls and three emails to no evail. today i happened upon this site and others to find i am also in limbo. in the meantime, TBW is still deducting my payment every two weeks from my checking and the last deduction being taken this very day. so why do they continue to rob me of my money when they don't, in reality, even exhist? I called BOA and they gave me their address to send the payment, although they didn't have any record of my account, but they did have record of a mortgage i paid off in 2003. I called CENLAR and did the automated thing with SS# and they have all info on my loan, but there was no person to talk to. in the meantime, i have paid $28.00 to stop the auto deduction of PITI to TBW and here on the automated recording from CENLAR that if you pay TBW autopay through checking to leave it as is... We're all screwed by fact that we should be enjoying life and not spending hours and dollars trying to straighten out someone else's mistakes and fraudulent activities.

i had tbw do a special forbearance for 6 months, this is my second month to make a payment on this agreement. i have no idea who has my loan. i called bank of america, saxon, & ocwen and none of them have me on file.
if i fail to make my payment by the 1st TBW can continue foreclosure without further notice to me according to the special forbearance agreement. SO WHO DO I MAKE MY PAYMENT TO!!?? i should i go ahead and send it to TBW?
i even tried to send the payment by western union, but they are no loger on thier list...

I have been trying to pay my payments,bu i do not know were to send my payment

I have some news. I contacted Bank Of America today. They can now associate my mortgage with an account number. I called the 800 number, entered my new accout number. It appears my balance and escrow are correct. The Bank of America customer service agent told me I would be able to log in with my new account number online. But when I do it says account invalid. At least this is a start in the right direction. You can probably call the 800 number for bank of america with your old Taylor, Bean and Whittaker account number to see if they can cross reference your account to a new number.

Fraud!!!! I recently refinanced away from TBW. They sent me a check for my Escrow balance, over 6 grand and the check was declined!!! TBW was obviously using their clients accounts to fund their failing mortgage portfolio.

TBW stole 6 grand from me and I have no clue how I can get it back. Help Please!!!!!!!

More like the CEO needed the money to fund his failing restaurants. My guess is the feds froze all the accounts but I could be wrong.

In the category of "You Won't Believe This"...I received two Welcome letters last week. The first one dated August 12 was from RoundPoint Mortgage Servicing Company. It stated that RPMS would now be servicing my TBW loan. The letter even included my new account number for RPMS as well as the old TBW account number. It was delivered to my street address. The next day I received another welcome letter from--'Guess Who?'--Taylor Bean And Whitaker. It was dated August 19. It was sent to my P.O. Box. Additionally, a second correspondence was received from TBW--a monthly billing statement! It was dated August 18. I don't know what to make of this. I spoke with a customer service representative at BOA. Of course they had no information on me. However, he cautioned not to send funds to anyone. I spoke with Roundpoint Mortgage Services. They assured me that "yes" they would now be servicing my mortgage. Of course I cannot get in touch with TBW. Has anyone else received a welcome letter from Roundpoint? Have you spoken with RPMS and do you think they are legit? Help?

I've never heard of Roundpoint. I'd call the other mortgage servicers now listed on the TB&W homepage to see if your account is with them.

Your already confirmed that BoA is not your new mortgage company.
Ocwen is my new servicer and when I called them the rep was able to tell me what was my monthly payment, escrow balance, original amount of the loan and the outstanding balance. (Not surprisingly Ocwen did not have any data regarding my two previous modification applications with TB&W but we all know what that company did with that paperwork-- nothing). This week, I also received a welcome letter from Ocwen. I'd check with all the servicers, pare down the list. Ifd if any of those other servicers has your account info, I'd report RoundPoint to your local Attorney's General Office.

We live in Citrus county Florida ; the next town over from their main Florida office which was raided via the fbi in Ocala. Some tb&w customers have gotten 5 letters from different companies stateing that they are the new lein holders of their home. This is freud again; and if you get more than one letter with your old account number on it call your local sheriffs office. Also DO NOT SEND ANYONE ANY MONEY UNTIL THEY RECORD THE NOTE(LOAN) IN THE COUNTY OF YOUR RESIDENCES CLERKS OFFICE. That is the only way to make sure of the new lein holder.
When I called Bank of America they told me that they were getting all of their loans; but they could not produce a new note nor did they record it in our local clerks office.

We now are with Saxon. News article came out yesterday. "Florida Realtors" TB&W has been ordered to cease all loans that were in foreclosure and make corrections to the credit bureau. This just came out Aug. 26th. I called Saxon today and yes, they finally called the foreclosure attorney to put a hold on the process. Now just waiting to see if we are approved. To Gina....That sounds very odd. When you call the companies that are stating they have your loan, what do they say? Is your loan Freddie Mac?

Hey I have tried to call Cenlar and their phone is not working...My pmt is due and I have heard that I am suppose to be taken over by Cenlar, however, have not received anything in the mail and when I call them you can't get through...any ideas???? I am afraid to send it to anybody....

Its too soon to tell guys and gals. Everything will be processed on a case by case basis and yes everything is frozen/haulted, foreclosures, you name it. Not a worry just read up on all your local news web sites ect. This is a huge mess though I wouldn't say its beyond repair but it will take time.

I also was told that my loan was taken over by Cenlar. I did receive a letter but I have also tried contacting them to make sure about my loan and like others I too can not get through on the phones. I email their customer service dept but have not got a reply.

I read this today on Yahoo Finance. However, how do I know if I have Ginnie Mae account? So it sound like we should get letters by September 4th from BOA. Yeah

CALABASAS, Calif., Aug. 27 /PRNewswire/ -- Bank of America announced that it has completed the transfer of the servicing of about 180,000 Ginnie Mae-securitized mortgage accounts previously serviced by Taylor, Bean and Whitaker (TBW) to its home loans servicing portfolio. Letters welcoming those homeowners to Bank of America will be mailed this week and should arrive by September 4.

I read this today on Yahoo Finance. However, how do I know if I have Ginnie Mae account? So its sound like we should get letters by September 4th from BOA. Yeah

CALABASAS, Calif., Aug. 27 /PRNewswire/ -- Bank of America announced that it has completed the transfer of the servicing of about 180,000 Ginnie Mae-securitized mortgage accounts previously serviced by Taylor, Bean and Whitaker (TBW) to its home loans servicing portfolio. Letters welcoming those homeowners to Bank of America will be mailed this week and should arrive by September 4.

If your loan is with Cenlar, you should be able to access your account information online to verify the information. You can double-check with Freddie Mac to verify that they own your loan. According to Freddie Mac, all their loans that were current (meaning paid up through July) were going to Cenlar.

That's the point I was trying to make.. Many of these online property records you can search and show all the properties financed with Taylor, Bean, And Whittaker. It is very possible a scammer could use that data for malicious purposes. It wouldn't be that difficult for someone to find the properties and create a fake welcome packet and send it to the home owner. The scammers would be long gone before you realize you are scammed.

Yes but just like tb&w had to record these documents so does the new company. That is their proof that they are your new morgage holder.

Just received a letter from CENLAR this morning in the mail saying they had taken over my loan from TB&W, however I took the advice from a person on another blog who suggested we call the clerks recording office to make sure it was for real....I just hung up with the recording office here at our court house and they had nothing...yet anyway...she did suggest I call back everyday though,...so I'm not sending a pmt until I know for sure...

While a scammer could generate ficticious data, FHA has already said that Bank of America is taking over all the FHA loans. Freddie Mac has stated that Cenlar is taking over all current Freddie Mac loans. So, if you have an FHA loan you should be getting a letter from BofA. If you have a current Freddie Mac loan then you should be getting a letter from Cenlar. If you fall in these two categories there is no risk.

Remember that you still have to pay your August, September, and October mortgages. Yes they may waive the late fees, but you still have to pay them by October or at least November by the latest. So if your payment is $2500/mo, that means you will need to pay $7500 in October. Hopefully one has been saving that money otherwise you will wind up going behind on your payments.

While the new mortgage company will eventually have to update the records with the local clerks office, that may take some time. You can't wait months waiting for that to happen and not pay your mortgage otherwise you will be reported as late.

Note that I'm saying this for just FHA loans with Bank of America and current Freddie Mac loans with Cenlar. The rest (though I have had loans with Ocwen in the past) I would try to get more information before giving them my payment.

Wow, reading all these blogs are scaring the holy gees out of me. I received my letter from Cenlar on Aug 24th, I sent a payment in because i haven't made my august payment yet and TBW said i wouldnt inquire any late fees but i can say that Cenlar is impossible to get in contact with i have yet to speak to anyone i have sent 2 email request to contact me and have not gotten a respone. I really dont want to deal with a servicer that provides crappy service. Im not behind but i dont want to fall behind. As far as with TBW i want to take part in the class action lawsuit against them. I have been going through circles and fires with them, they helped at first but then they tried to modify my loan and try and say i can afford for the increase, i called freddi mac directly and it turns out that they were leaving info out of the financial budget sheet i had submitted so that goes to tell you. Im also in the process of getting thing corrected and hopefully i can refinace or something under a more responsible and trusting company.

I do believe Bank Of America is the company servicing my loan.

I am going to be behind for a little while. I just had to pay my 2nd installment of property taxes, and my house insurance out of pocket. My escrow is no place to be found.. Bank of America told me to not pay these out of pocket otherwise my escrow account will get severely screwed up.. I decided I am not going to let my house insurance cancel That is not an option. Especially at that time BOA wasn't 100% certain they are the company that is servicing my loan. At that time they could not even produce an account number or could verify that I was in the system. Those additional expenses exceed a house payment. I am shaking in my boots right now thinking I am going to have several house payments due at once. Bank Of America said they will give us 60 days to get caught
up.. But 60 days from when?

I wanted to let you all know I have MORE news. I contacted Bank of America. They are indeed giving us 60 days to get caught up with our mortgage before we are reported late. It is 60 days from the date the mortgage was entered into the computer. My date was 8/25. So I will have until rougly October 25th to get caught up.

I asked about a modification. I was immediately connected to a loan modification specialist. They took my information over the phone, and told me to fax in my paystubs for the last 30 days with a hardship letter. I would say my hold time was minimal, and it sounded as if my circumstances qualified me for a loan mod. They seemed very nice to me. They told me it would take 30 to 90 days to reach a decision.

I am fairly confident that Bank of America is now the holder of my mortgage. I am in the system, I have an account number, I am able to log in online. It appears I have escrow there.. The bottom line is everything appears rolling. Wish me luck.. Taylor, Bean, and Whitter who told me I should get my groceries free from the food pantry can go to hell.

I have just written a letter to Cenlar and the exact same letter to Bank of America telling them that they are both requesting my loan payments and they both have my old loan number on both letters of transfer of my loan. I have told them that at this time I do not feel comfortable sending any money until they record the proper documents and can prove it. I have asked that these letters get forwarded to their fraud department for investigation.
I can get in touche w/ BofA but not Cenlar . The info has already been sent to the state attornies office.
Nothing has been recorded yet so again I will wait

I’m bracing myself for a Taylor Bean & Whitaker déjà vu experience.
Even though I have a Freddie Mac loan and my account is current, I ended up with Ocwen rather than Cenlar. The Notice of Assignment letter I received from Taylor Bean mentioned a TB&W loan number which made me suspicious because it was not my actual loan number. Turns out it’s my new account number with Ocwen.
Since then I’m enrolled in Ocwen’s system, my escrow balance has transferred over, and I received another letter from Ocwen regarding payment options. I’ll have to admit that the call center experience with Ocwen is 1,000 percent better than TB&W’s dismal customer service. The call holding time is much shorter and the Bombay call center reps are very courteous and spend as much time as I need with them to answer my questions.
Yet here is why I’m sensing shades of TB&W. On Monday, Aug. 24, I asked for a loan modification package. The rep took information such as income and expenses that instant over the phone and then directed me to the Web site to download an application packet. However the Web site was down. No matter. He assured me that I would receive by email an attachment with the application packet. He added that I must complete and send in the application so it can be assigned a negotiator (that takes 2 days) and then the entire process (which takes about 90 days) can begin. The email should arrive in 48 hours.
Wednesday came, no email. I go to the Website, enter my username and password, then click on application download button. The Website takes me right back to the field asking me for my username and password again. Sounds familiar? Occasionally, a box pops up asking me if the download was successful. I click no. But the box pops up again and again. So I called customer service. After a wait of just about 15 minutes thankfully, I get another friendly rep who apologizes and says Ocwen will send another email to me within 48 hours. He mentioned something about my application needing a different form since my loan was with Freddie Mac and the TBW loans Ocwen took over were mostly Ginnie Maes.
So Friday arrives and still no email. Once again I have same experience with the Web site. I call customer service and get a real person in less than 10 minutes. I’m not furious but I pointedly explained to the rep that my experience with Ocwen is on par with my former mortgage service which was shut down by the federal government and is now facing criminal prosecution. Plus, President Obama announced this modification assistance program back in February, so I can’t see any reasonable explanation for delay because Ocwen claims it doesn’t have the papers for a Freddie Mac loan. Plus Ocwen, like TB&W, might have a profit motive to see me foreclose judging by their Web page or repo properties. So I demanded we have a race. Fax, mail and email the packet and let’s see which one gets here first. Well, by the end of the day there was no fax or email.
I understand there is a transition going here, but I have a problem with Ocwen wanting my September payment while being incapable of sending me a simple application. I hope my experience is an anomaly and other TBW/Ocwen customers are having a better experience. But my bullshit detectors are at high alert after my runaround with TBW. It’s been six months and two applications since I’ve tried to get something rolling on the modification front. Ocwen previously has been warned by the Office of Thrift Supervision to improve its customer service. If I don’t see anything by midweek, I’ll be writing letters of complaint again to the relevant regulatory agencies, states attorneys and the like and I’ll be kicking and screaming the whole way.

I am just responding to the last poster.. I to am with Ocwen, and my bullshit detectors have been on for a while. I have been trying to get my loan modified since February. TB&W lost my paperwork 3 times then handed us to sparta, which did nothing different from TB&W. Anyways, I got the same letter you did. With the weird account number. I called them waited on hold about 15 minutes got a nice person start to explain things and as soon as I mention TB&W, the phone hangs up. At this point im like a raving lunatic. I am so mad.. I call back. They transfer me to loan resolution blah blah... I explain everyhting to them again for like the 100th time. They say they are sending us a modification packet. I wait. I get calls 3 times a day form them, a recording. Telling me my payment is due. But they wont accept anything less than 6,998 $.. I dont have that.. lol.. That is to reinstate my lon.. WHich is bullshit. Because I have been trying to get a modification for 6 months. It isnt my fault the government is a freaking wreck and everybody is out for themselves anymore. Anyway, I get the packet in the mail. After about 7 days. Actually I got 2 packages. We call Ocwen becuase we where unsure about how to fill it out and we wanted to make sure we did it right.. The guy tells us that the packet we got is the wrong packet... blah blah. Because we have a freddie mac loan we have to have different papers.. we explain to the guy we have the freddie mac work out package. We have only filled it out 4 times.. i think we know what it looks like.. So we ask him about 100 questions and he answers them like a robot.. Kinda reminded me of TB&W. I am kind if unsure about Ocwen. I have since been in contact with the senate in my state. They are going to be starting an investigation. I already filed out the paper to give them permission to lookinto my case. so I guess I just have to wait and see. Like I tried to explain to the guy that works at Ocwen.. I know my home may not be a fancy place but its my place. Its the place my kids have grown to know as home. And im going to fight for it. For all the bullcrap we have all been put thru by TB&W, the least the government could do was just approve us all for the packets.. I dunno. This is such a messed up situation. Sorry about the typos.. Im hurrying its dinner time!!

1.6M FRAUD Ex-TBW employee accused of theft Complaint says man endorsed checks intended for TBW and deposited them into his account.

By Suevon Lee
Staff writer

Published: Friday, August 28, 2009 at 6:30 a.m.
Last Modified: Friday, August 28, 2009 at 10:45 a.m.

As if Taylor, Bean & Whitaker Mortgage Corporation’s troubles don’t run deep enough, a federal complaint newly alleges that a former employee bilked the bankrupt mortgage lender out of at least $1.6 million by devising a fraudulent bank scheme that went unnoticed over the past year.

Victor Cedeno, a former loss mitigation negotiator in Taylor Bean’s Loan Resolution Management Department, “fraudulently endorsed checks intended for his employer and deposited those checks into an account that he controlled,” according to a criminal complaint filed earlier this week in U.S. District Court in Orlando.

The scheme allegedly began July 16, 2008, when Cedeno opened an account at a Navy Federal Credit Union branch in Winter Park under the name, “Tailor Bean W.” The name “Tailor Whitaker” was listed as primary account holder.

Cedeno allegedly deposited checks made out to Taylor, Bean & Whitaker into this account from July 17, 2008, until as recently as Aug. 10 of this year, according to an affidavit filed by a U.S. Secret Service agent assigned to investigate fraud cases.

A total 58 checks worth $1.6 million were allegedly funneled into the “Tailor Bean W.” account.

That was just one step in a series of fraudulent transactions, according to the affidavit.

Cedeno then allegedly transferred $227,782 out of the Tailor Bean W. account into a personal account at Navy Federal Credit Union on three separate instances between March and June of this year. The personal account also listed as a joint account holder a woman by the name of Genesis Valdez.

Between this same time period, $227,782 was wire-transferred into a separate escrow account at SunTrust Bank held under Veldez’s name, set up to look like the account of a business.

On Aug. 14, states the affidavit, Veldez attempted to wire transfer $320,954 out of that escrow account to Venezuela.

Taylor Bean, the nation’s 12th-largest home mortgage lender, filed for Chapter 11 bankruptcy protection Monday in U.S. District Court in Jacksonville. It abruptly laid off nearly 2,000 employees Aug. 5 after ceasing its main lending operations following suspension by the Federal Housing Administration from issuing FHA-insured loans. Ginnie Mae and Freddie Mac also suspended the company as an approved seller and/or servicer.

Cedeno, who worked for the Ocala-based company from January 2008 until his firing date of Aug. 13, 2009, was responsible for resolving short sale losses for the mortgage company. He came into direct contact with realtors, investors and lenders, according to a court affidavit.

At no time was Cedeno authorized to “cash, deposit, or negotiate any checks intended for Taylor, Bean Whitaker,” according to the complaint, but somehow came into possession of checks made payable to the company.

“He somehow positioned himself where the checks would come to him, or through a cohort,” said James Glendinning, assistant Special Agent in Charge of the U.S. Secret Service Orlando Field Office.

The U.S. Secret Service will investigate cases of computer fraud, bank fraud, access device fraud and false identification.

A branch manager at the Orlando Navy Federal Credit Union became suspicious of the transactions after noticing that a check made payable to Taylor, Bean & Whitaker was different than the name on the depository account, “Tailor Bean W.” A senior investigator at the credit union next contacted the U.S. Secret Service on Aug. 12.

Cedeno reportedly managed to commit the bank fraud by approving home sales at 90 percent of the mortgaged value of properties, while Taylor Bean believed he was approving sales at 80 percent of the mortgaged value.

After intercepting the payoff checks, made out for 90 percent of the mortgaged value of these homes, Cedeno would then deposit the checks into the Tailor Bean W. account. He then allegedly transferred an amount equal to only 80 percent of the value into Veldez’s SunTrust account, retaining the extra 10 percent.

From the SunTrust account, Cedeno or Veldez would then issue a check to Taylor Bean for 80 percent of the homes’ mortgage value.

“[Veldez] had that name in the account of a business, to make it look legit. It looked like it came from a title company, and looked like it came from [Cedeno’s] paperwork,” Glindinning said.

As of Thursday afternoon, authorities were not able to locate Cedeno, a resident of Winter Garden.

Glindinning said he not aware of any link between Cedeno’s alleged fraudulent activity and a current FBI inquiry into any alleged fraudulent practices at Taylor Bean.

“Right now, a nexus between Mr. Cedeno and the current investigation into TBW has not been established,” he said.

As long as Taylor, Bean, And Whittaker is on file as your lender at the court house.. I would think you are temporarily out of foreclosure. Taylor, Bean, And Whittaker got a C&D order to immediately stop all foreclosures, late fees, and credit reporting. I am not a lawyer but I do believe the only company that can foreclose on you is the lein holder listed on file at the court house.

Good News ;tb&w has 60 days to file documentation and the new companies have 60 days to file as well and can not charge you for late fees or forecloseure until then.

TBW lawyers and I had a court appearance due Friday and they called me to let me know that they were filing a motion to proceed at a later date. I told her that I knew TBW went down and asked why they were even bothering me about this still because all foreclosures have been stopped.
This woman at the law firm said "no, that's only the mortgages in Florida" "Indiana laws are different"...what kind of a fool does she think I am....what kind of a fool is she!!!???
Who would think that all other mortgages in the whole USA are not affected by this...she thinks I fell for it and will pay them anyways that's the gig.
We have not heard from anyone yet (we have FHA but were told it was not serviced by Freddie or Ginny so I'm real confused).

They might be correct if the Florida District Attorney made the C&D but these were Federal Authorities and it this holds for all 50 states.

Man.. I can't believe TB&W are paying these people $250,000 a month to tell them if the company is worth saving or liquidating. Why can't they shoot this dead horse and put it out of its misery?


Restructuring guru, new board members join TBW salvage team

By Susan Latham Carr
Staff writer

Published: Saturday, August 29, 2009 at 6:30 a.m.
Last Modified: Saturday, August 29, 2009 at 1:16 a.m.

Bruce Layman, a principal of XRoads Solutions Group, and Bill Maloney, a partner with Tatum LLC, are running former mortgage giant Taylor Bean & Whitaker as directors, while Neil F. Luria, a managing director with Navigant Capital Advisors, is serving as chief restructuring officer.

All three have experience in corporate restructuring and bankruptcy. Each declined to comment this week about their plans for battered Taylor Bean, but the new directors certainly will have much to consider.

TBW sought Chapter 11 bankruptcy protection earlier this week. It is not clear whether it will restructure or liquidate.

Here's a look at these three key men. The information comes from official biographies that their employers have assembled:

Bill Maloney: Maloney, a court-approved Chapter 11 trustee in Florida's Middle District, has been with Tatum in St. Petersburg for the past 10 years. He has served as a chief executive officer, chief financial officer and chief restructuring officer of a number of distressed companies, and has brought several companies through bankruptcy.

Before working for Tatum, Maloney held senior financial and operating jobs with portfolio companies of private equity firms Dyson Kissner Moran (NEOAX), Freeman & Spogli (EnviroSource) and Chilmark Partners (Indesco International).

Maloney held executive financial positions at Chiquita Brands and Paramount Communications, formerly Gulf and Western Industries. He was a senior manager at PricewaterhouseCoopers. He is a certified valuation analyst, past member of the Florida Institute of Certified Public Accountants Board of Governors, and is a licensed certified public accountant in Florida and New York.

Maloney, who holds a degree from Seton Hall University, completed the Wharton School (University of Pennsylvania) Executive Strategic Planning program.

Bruce Layman: Layman is a new principal at XRoads, also known as XRoads LLC, a consulting firm that specializes in working with distressed companies and representatives of debtors and creditors.

XRoads was founded in 1997 and is based in Irvine, Calif. with offices in New York, Houston, Dallas and Kansas City, Mo.

Layman, who lives in Naples, has 24 years experience in the corporate restructuring field. He headed the U.S. corporate restructuring group of a major Canadian Bank and has served on the board of directors of a number of firms.

He has experience in restaurants, entertainment, manufacturing, telecommunications and real estate, among other industries. He holds a bachelor of commerce degree from Queens University in Kingston, Ontario, Canada.

Maloney and Layman appointed Luria as TBW's restructuring officer.

Neil F. Luria: Luria holds a bachelor of science degree from The Wharton School at the University of Pennsylvania and a law degree from Boston University School of Law. He is a certified insolvency and structuring adviser.

Luria is a managing director with Navigant Capital Advisors, the corporate finance practice group of Navigant Consulting Inc. in Cleveland. He has worked for Navigant's predecessor, Casas Benjamin & White LLC, and is a member of the Ohio Bar.

"I am in Ocala all the time," Luria said.

Luria specializes in capital restructuring and operation support. He has overseen the disposition of more than 100 business units.

Before joining Navigant, he was president of BMJ Medical Management Inc., which operates ambulatory surgery centers. Prior to BMJ, he worked at Jones Day Reavis & Pogue, a private law firm.

compensation: According to court records, Luria and Edward Casas, Navigant's senior managing director who will have general oversight responsibilities, will be paid $250,000 a month. NCA will serve as financial advisor to TBW and oversee the restructuring process. In addition, support staff will be paid hourly rates ranging from $95 to $875.

Might want to go the annual credit report website and see what your credit report is showing. My credit report is showing on Taylor Bean, "Account Closed, transfered to another lender".

All of the cease and desist orders concerning foreclosures were written by the various state organizations. I have not seen any at the federal level. TBW was given a C&D concerning servicing by FHA and Freddie Mac, but nothing about foreclosures.

Freddie Mac has not updated notes on TBW. One part is interesting as it looks like even Freddie Mac realizes that the changeover hasn't been smooth.


What should I do if I received a welcome letter from Cenlar FSB and RoundPoint Mortgage Company?

Until further notice, if you received a welcome letter from both Cenlar and RoundPoint, you should begin making your mortgage payments to Cenlar as directed in its welcome letter. If you have questions about the servicing of your mortgage, please contact Cenlar directly.

That should be Freddie Mac has updated notes concerning TBW.

Jason is there a contact # for Cenlar because the one listed on the welcome letter "is not accepting call" thats what the auto recording says. I have sent emails and i have yet to get any reply or phone call.

In my opinion I have to make sure the company servicing my mortgage is 100% correct. I can barely make my payments right now as it is. My resources are limited. If a payment goes into the wrong hands, gets lost, or I am scammed.. I would have no way of paying the real lender when they ask for money. I would need more evidence than just a welcome packet or letter in the mail.

well i got my letter last week, and i sent the payment in and i registered online and i was able to see that the payment was received and applied so hopefully that is a good thing, just cant get a hold of a live person which i think is poor service on their part.

How much time is given to these companies to file the note? When we closed on our home origanally it was recorded in 24 hours.

well at this point It would be smart to use certified mail with your checks, it may cost you like $12.00 but its definately a smart move and something I wish I had done the very first time Taylor Bean refused a $3,000.00 check of mine which was more than enough to become current when we fell 2 payments behind.

YMedina, you said that you registered online and that it showed your payment was there and safe. Was this through Cenlar? I was nervous about registering on their website. Did you have any problems?

Gina, If the deed has not been recorded yet, your loan has probably not funded.

If you closed when or after TB&W's assets were frozen, they may not be able to fund the transaction for a while. When did you close?

wow...i haven't checked in for a while...and can't believe what's been going on.

Does anyone know how these loans were distributed when they were taken away from TB&W? I mean is this something that was assigned by the feds? Were they sold? Just curious how this worked out. It appears to me if they sold the loans, they did it awful fast. About 250,000 loans redistributed within a few days seems excessive.

For more on my own story (which started in Nov 2008) you can click on my name.
We retained an attorney in April 09 and he's been dealing with the mess since...lifting a huge weight off of our shoulders.
We filed for an extension which was granted when tb&w foreclosed on us less than a week after agreeing to and accepting a payment for a repayment plan...which was set up to avoid the foreclosure filing in which they also never applied the payment to our account, but we had proof that they received.
Imagine that....that tb&w would take our payment...then foreclose on us.
They (tb&w) filed for an extension after receiving the over 100 pages of documentation from our attorney listing well over 20 different laws that they have broken concerning our account with them. Hadn't received anything from them in response...then all this happens.
Just today received papers stating that BOA is the new servicer.
Will have to get with attorney and see what's going on as it's been a while since we've "talked".

Interesting I just received a letter from bofa although it was dated a week ago giving me a month to pay. The bad thing was it listed my balance as if I never paid TBW. Then I called bofa, a confirmed number off their website, to verify validity of them having my loan and they told me they just sent those letters out before getting payment info from TBW and now my balances and escrow are now correct. Also my insurance was messed up to, so for everybody to double check that. Oh and if you had autopay with TBW you have it now with BofA. To my surprise the rep said you need to pay for September but I see you are enrolled in our autopay starting in October, did you call to set that up and I was like no and I was told and saw online that our bank info with TBW was not being transferred but I guess it is. FYI.

ADavis, I went onto Cenlar's website and registered to see my loan info. You have to have your new loan # (w/Cenlar) to register. It wont register through the TBW loan #. I didnt have any problems at all, I saw that they had a note instructing to check on Sept 1st or after for updates they've applied to the account and everything seems to be OK... They are just horrible to get in contact with, i still havent heard from them.

Carl;
When my Tbw loan went through and it was recorded it only took 24 hours back in 2002. When I called our local clerks office they informed that when they get the information electronically; it goes into the system within 24 hours and can be viewed almost immediately. Cenlar has not recorded the chang over from tbw.
I'm going to call a title company tomorrow to find out if there is a time limit on recording with the county.

Carl;
When my Tbw loan went through and it was recorded it only took 24 hours back in 2002. When I called our local clerks office they informed that when they get the information electronically; it goes into the system within 24 hours and can be viewed almost immediately. Cenlar has not recorded the chang over from tbw.
I'm going to call a title company tomorrow to find out if there is a time limit on recording with the county.

Carl;
When my Tbw loan went through and it was recorded it only took 24 hours back in 2002. When I called our local clerks office they informed that when they get the information electronically; it goes into the system within 24 hours and can be viewed almost immediately. Cenlar has not recorded the chang over from tbw.
I'm going to call a title company tomorrow to find out if there is a time limit on recording with the county.

sorry for triple clicking

check public records and there isnt any recording yet of Cenlar having our loan. Im just going to keep checking.

I'm with ya YMedina...I am NOT going to send Cenlar anything until I know it has been recorded at the clerk/recorders office....better to be safe then sorry....

I just wanted to tell everyone that my loan was taken over by Saxon Mortgage last month and after 1 day I was pre-approved for my home modification under the HAMP program. We had all the paperwork (which is the same paperwork I had filled out for TB&W 6 months ago!!) within a week and I have already made my first payment in the 3 month trail period. I am so grateful for Saxon's prompt attention to the matter as it was terrible being in limbo for so long. Please don't give up people, if you really want to keep your home stay strong and keep calling! I hope this helps some of you feel at ease that at least 1 person on here finally has a good report.

as of today, i called all the banks listed thay may have my mortgage, and NONE of them have me. i called FHA they told me to send my payment to BOA, but they have no record of my loan either...????

Like many of you I am a disgusted TBW victim. Although I do bask in the glory of them going to HELL!

My loan has been taken over by Cenlar but I was enrolled in an equity accelerator program by a 3rd party. They would deduct weekly and deposit it into a TBW custodial account, at years end I would have just over one months payment added to principle and my mortgage would be reduced from 30 to 22 years.

There is only one problem! This account is frozen by the FDIC and im already late on my 1st payment to Cenlar which by the way, sent me a letter 5 days before it was due). I will not pay out a dime to this new cenlar whom does not answer the phone I may say, until my money becomes un frozen.

Well I finally got my letter from BOA. WOO HOO!! NOT!!! I was told I could try to qualify for one of their programs to help homeowners to keep their homes. Well guess what I was told that I did not make enough money to qualify. WHAT THE....? Wait a minute I thought the whole idea of helping people was to help the ones that needed it, but it seems that is not how it works. It seems they will tell you that if you have to have a positve balance at the end of the month or they can't help you. But if I have money left over after paying everything then why would I need help? HHHMMM. I just don't get it. Oh well live and learn.

I got my letter from BOA. I called them to see if I could get a home loan modification. They told I could after I have been with them for 12 months. I was told that I have to make payments for 12 months before I will be considred for a loan modification. Well to me that makes no sense at all. Also on their recording before you to talk to a real person they said that someone would be going over all TBW accounts to see if we would quailfy for any program, whatever that means. I guess we will have to sit and wait to see what happens.

Obama why don't you help us now, a TBW customer.

OBAMA can take a flying leap... He promised all of these programs to help us out of this mess and I yet to see one that I qualify for....anybody in the same boat????????????

We have our mortgage with TBW also. My brother-in-law is a Marine in CA and is working PT for a group of 300 attorneys that specializes in Mortgage laws. Has anyone heard of the TILA Act? Basically most of the loans done between 1998 to 2008 have discrepancies in them. Basically this is how it works. You send your a copy of your loan docs to them they do a forensic analysis and determine the descrepancies. They will only allow you into the program if they are 99% positive they will win. What they do it take the mortgage company to court and have the loan recinded. Meaning that they no longer own your home. You own it free and clear with no mortgage. Friends of ours did this and they ended court last month and now have no mortgage payment, my brother-in-law will own his free and clear within 2 months. Also, this works even if you have already been forclosed on. If you have lost your home you can send your paperwork in and have them do the analysis if your loan had discrepancies the can take your mortgage company to court and sue them for 3x what your mortgage was. My best friend is doing this one. The analysis is free. If you are accepted into the program they will tell you what their retainer fee will be. I love this because once you enter the program they cannot forclose on you, they cannot report to credit and after you win your credit is cleared of all negative reporting. I am glad that these attorneys had the know how to look into this and help people give these mortgage companies what they have been giving to us. Please take the time to see if your TILA is incorrect and if you have discrepancies in your loan docs that will help you save your home or at least get enough money back on the one you lost to buy another home and get back on your fee.

This is what I keep finding regarding the Rescission information...looks like you still have to pay the money back if the recission is granted:

What does a rescission mean to the borrower?

When the homeowner has successfully rescinded a mortgage transaction, he is obligated to tender the loan proceeds, or the fair market value of any property received. The tender obligation is the net amount owed after voiding all finance charges, interest, and other charges, and after crediting all prior payments directly to principal. These reductions can dramatically lower the principal amount, especially if the interest rate or fees were high, or if substantial payments have been made. However, it should be noted that the homeowner may have to come up with a large amount of money to fulfill his tender obligation. The homeowner must present a realistic tender plan to the Court if he wants to prevail in his rescission action. Some tender options include refinancing with a more affordable lender, obtaining a reverse mortgage (only for elderly homeowners), or selling the home.

Please enlighten us if you have different information, but this seems to be the case in general.

If you did a cash out on your loan then you would owe the cash out part. My brother-in-law did not do a cash out and neither did we. So, we will not owe anything back to the lender. Our friends did not do a cash out and they were forclosed on and won their case and was awarded 3x the loan amount. They did not have the legal right to forclose on them. But it is common sense that if you did a loan for 150k and your home was only 100k of that and the rest was cash out to you whether it was paying off credit cards or an auto you owe the 50k and the mortgage owes 100k but if you have a good attorney looking at your papers they will make you aware of this before you even start the process. If you did not do a cash out you owe nothing. The total amount to recind is owed by the lender.

I spoke to my atty and my previous statement is incorrect. Even if you did a cash out you do not payback the loan because it was all secured with the house.

how do we contact a tila act lawyer? i live in nj?

You can contact a lawyer in your area that specializes in mortgages. I did not want to pay an attorney to do a Forensic Audit on mine so I sent a copy of my loan papers to the company that my brother-in-law went through. They in return told me what was going on and I hired them. I like it because they are doing it all for me. I got a notice of forclosure, I called them told them and they called my mortgage company told them that it was illegal to forclose on us when we had already made them aware of the discrepancies in our loan and we have not heard anything else from them. They are not allowed to call me they can only call my attys. If you have an email I can give you a phone number and address to send the info for the free look. Remember, they are very honest, if they are not 99% sure they can win they wont take you.

Kelly, please, please send me the phone number and address to send my info to for a free look. Thank you in advance!

good morning.
well yesterday i received my "WELCOME" letter from Bank of america. it was 2 letters of INTENT to FORCLOSE... apparently the special forbearance i had with taylor bean, was not carried over to BOA...i called BOA, over the phone they took my information, and said i qualify for a modification. now i have to wait for the paperwork in the mail. LETS SEE what happens...

Please send the info for the at attorney's

Kelly H
I am also interested in the info you provided on the TILA Act.
Please, send me the phone number and address to send my loan papers to for a free look. Thank you!

Can you please send me the info also for a free look... thanks!!!

Well at least you were able to get help from BOA. I called them and they said if I could get a more positive balance I would qualify. I really thought the whole program was to help those home owners that needed help. If I had more money I wouldn't need their help. She said that I didn't make enough money to qualify. I give up.

Well in short words I am in a mess because of TBW ----the mortgage company that financed my fixer-uper (fha 203k) got slammed by the Feds two months ago---well 2 months ago the contractor should have received the other have of the money and myself -the escrow.--------during those two months it has being hell)))the contractor bothering me, the workers slamming my life (understandable 'they have bills too'-----) by the way the bank is Taylor, bean & whitaker--------Bank of America took over and are now in the process of soon dispursing (God willing) the final half======but those two months of pain, mental anguish, home arguments,defamation of character, etc were not suppose to happen to a first time buyer--------Do you konw of a Good Mortgage Attorney?? if so---I sure need some compensation for a this mess---or at least a sorry note from the Fraud threesome.------
If somebody is filing a lawsuit against TBW let me know -please

about 2 weeks ago i finally recvd my welcome letter from BOA, which was a intent to forclose letter. i called them and over the phone they took my information and said i qualified for a modification. they said they would mail me a packet in a week. well i called yesterday to follow up, and they told me i had to fax IN my information.. are you kidding me? they also told me it would take 30-90 days for the modification. and that i should make a payment asap., why do i feel the same way i did with TBW?

Im with Cenlar as well. Lucky enough i have been able to actually get through and speak to a rep. The reps have been very nice and helpful so far and handled and corrected my situation in a timely manner. My advise to anyone who has Cenlar, call them in the morning when they first open and keep calling until it finally puts you on hold at least at that point your on hold for a rep. Ive been trying to contact them for some time now and in the past 2 weeks i have been able to get through which was great considering the confusion that occured in regards to my payments.

For those of you confused where your loan went.. On Taylor, Bean and Whittaker's website.. There is a form that you fill out to tell where your loan went.

Also Bank Of America's CEO suddenly stepped down. I wonder what kind of scandal is happening at BOA now?

TBW holds our reverse mortgage and to date, they refuse to tell me if or when they might assign my "loan" to another party. The provisions of the loan included a draw on equity which we were to use for my wife's medical bills. TBW has "stonewalled" giving any information concerning the status of my loan. They are in violation of HUD rules by not answering my request. Does anyone out there know of what the status of Reverse Mortgages are concerning TBW and who I should contact in the "restructuring leadership" concerning their obligation to perform on our loan agreement. ASAP, "time is of the essence" in our case. Thanks All for any help!

If someone is still involved in a lawsuit against TB&W I have had problems with them also. I am currently trying to find a lawyer to file a lawsuit.

I've had a nightmare experience with 203K TBW mortgage closed late July. Loan went to Colonial then RoundPoint. My contractor still hasn't been paid even an initial disbursement. Been talking to the FDIC. Anyone else with RoundPoint with 203k from TBW?

Every thing you want to know about TBW Bankruptcy to date. Check out this link. You can review finacial affairs statement (just filed yesterday) as well as court orders.

I have been forced to short sale my house after I called BOA and they said I did not make enough money to qualify for any of their programs. I contacted a company that hooked me up with this real estate company that is handling my short sale. She said that she spoke with BOA and they told her to tell me that once they send me my 1099 to tell my accountant that I had to move into a rental house (I did) and I would not have to pay taxes on the difference. They have my house listed $40,000. less than I owe. Does anyone know if this is true?

My heart goes out to ALL of you who are experiencing mortgage problems due to TB&W!

I am a realtor who WAS representing a seller in a scenario that evolved into a "short-sale" situation just as the crap was hitting the fan with TB&W. We lost the sale, and the seller let the listing expire intentionally. They are going to let the bank (Uh, WHICH bank?) have the home back to put where the sun doesn't shine. Sad situation....

Slow responses from ANY lender has hindered homeowners in a short-sale situation. Because of slow bank response on offers most people in a short-sale situation eventually lose their home. Most buyers won't wait the 30 to 90 days just to even get a response to their offer. Short sales can take many months to close.

TB&W's failure compounded this factor for my client. The real pisser is that we HAD an offer but there was NO ONE to present it to!

DB,

Talk to an accountant or call the IRS office. You shouldn't seek advice from anonymous posters on a message board.

All,

I don't know how many of you this will help, but I have to file a claim to get my escrow back. The information did not seem readily available. You won't get anywhere talking to TBW. Hope that helps at least some folks, the people who are waiting for stuff like escrow etc.

I have a very different issue with Taylor Bean and Whitaker, and maybe someone who has a similar problem can help....I mailed a payment to the back in August or my August Mortgage payment PLUS an extra $900 to be deposited into my escrow account. The check cleared the bank, and I have a copy of the canceled check and my bank statement showing as much. My loan was then transferred to Bank of America when TBW closed on 8/5/09. TO DATE my payment has not been posted and Bank of America now shows my loan as delinquent and my escrow account in the negative. I have contacted FHA and they tell me I need to wait, as TBW loans will go to litigation in order to recoup the money people paid that hasn't been applied yet. Bank of America did make the terrible mistake of telling me they had rec'd $250000 in funds from TBW to be applied, but that they had not received a list of accounts to apply it to. I guess I assumed after faxing my canceled check and bank statement that they would apply it and my account would no longer show delinquent. HELP! I can't even contact anyone at TBW!

i had problems with TBW since april, which i have posted already. since i have been with BOA, it has not gotten any better. they have not applied my august payment yet. they did not HONOR my forbearance agreement i had with TBW. AND,they told me i could apply for modification, well since september i have been waiting, and guess what> NO MODIFICATION YET....and my august payment still not applied.

Kate: There are tons of folks who are having problems with their August payment as well as taxes and insurance payments from their escrow accounts. Noone wants to take responsibility for anything. Here is a website where you may be able to find more information. Many of these posts are similar to your situation. Depnding on who you talk to, the answers vary. Good luck.

I had a 203k loan with TB&W fund on the 31st of July and they were shut down by the Feds 2 days later. I was lucky by my contractor is not! The loan is now being serviced by Roundpoint Mortgage. I have a payment that hasn't been found/applied and 4 1/2 months later the 2nd half of the 203k disbursement was 3 weeks ago waiting for final FDIC signature approval. I was informed I was the only one that was ready to go out of everyone and that I should be getting the check right after Thanksgiving.
The lady in charge of construction loans was very good at returning my calls the next business day. After 2 calls waiting few days in between no return call!
My contractor NEEDS this money and I feel horrible.
I just hope my property taxes and insurance will be paid!
Anyone have any further info?

I didn't see any postings on here for awhile.. Any new news about T,B,&W? is there still a chance for class action lawsuits after bankruptcy? Did everyone get their escrow straightened out as of yet?

I haven't heard anything yet...Cenlar is telling me they have nothing that says I made my August pmt...which I did to TB&W...now they are saying I am a month behind in pmts.....GO FIGURE!!! As far as my escrow...nothing yet...Sandy if you read this .....how is the class action going???? No one has called me for my information yet...

You know we've been trying to get our escrows straightened as well and i have to say that on Dec 11 I was told by Cenlar's rep and supervisor that i would receive my refund within 4 to 10 business days...its been 30 day after and im still fighting to see what the hold up is...supposively they are still researching it but on Dec 11th the research was done and they were going to issue. Im not happy with what is going on. They want me to be responsible and pay up on my loan but they dont want to refund me what is owed to me....

TB&W charged my escrow account $3,000 for insurance I already had! This sounds like a scam because it seems that it happened to others. TB&W own Maslow Insurance of Ocala, FL. What a coincidence! Now, CENLAR has sent two letters asking for the same policies that are not in my file!

I had the same problem with BOA not crediting my August payment. I JUST got that straightened out a few weeks ago and that was with the help of the BBB. If you file it through their corporate office, they seem to pay attention. Even with that I still had to give them my cancelled check, insurance information and tax information.

My issue now is I am trying to do streamlne refinance with BOA for a better interest rate. This is a VA loan. I filled out my application about a month ago, I have been in contact with BOA in regards to the refi in a postive, moving forward way up until today when they advised me of a "policy" that states they can not refinace any TBW loans?? I said I am now a BOA customer, I qualify for the refi, but you wont do it because I had originally went with TBW? Does this make any sense? Anyone else having the issue or has anyone had a TBW and refinaced with BOA since August 2009?

I am so glad I fell upon this website. I feel better knowing that we weren't the only family that had this happen to. We were in the review as well and the week that they were going to lower our interest rate we couldn't get ahold of them and never heard anything and the next thing you know we were with BOA. And we had to wait 4-6weeks with them just so they could load our account into their system and recieve a new number. Then out of no where we owned almost $1,000 in back escrow. Come to find out TBW didn't run a new escrow analaysis for almost 2years. Even though I had called and checked and asked if everything was being paid and made sure all payments were going to where they needed to. I was then told by TBW that it was my fault because I as a homeowner didn't follow up. Even though they seen I had called. I will gladly sue them and help anyone I can.

Need help!!!!
TB&W, was charging me pmi insurnace that my loan was opt out not to have...some special they were running at the time..anyway they have taken 2400 from us and now i am fighting with cenlar(OMG they are horrible to deal with!) to get the pmi dropped. Have no idea where to even start or who to contact!

Need help!!!!
TB&W, was charging me pmi insurnace that my loan was opt out not to have...some special they were running at the time..anyway they have taken 2400 from us and now i am fighting with cenlar(OMG they are horrible to deal with!) to get the pmi dropped. Have no idea where to even start or who to contact!

I refinanced July 26, with Taylor Bean so I didnt have a payment due until September and I have TBW billing me and Bank of America. Bank of America apparently has the old loan and TBW has the new one. Still dont have my escrow they owe me for over pay. Here its Feb and I still dont know who im suppose to be paying or if I should cause they said it will be transfered again. Seems Like the would be someone to help us and protect us from crap like this.

Is anyone out there involved in a Class Action Lawsuite against Taylor,Bean & Whitaker ? if so I am interested in joining up.

I have never been in this situation before. I paid my bills on-line to TB&W on time every month. My husband and I are moving out of the state we are now in for his job, and have to get a new mortgage. I received a credit report only to find out that TB&W were reporting to them we were a month behind for several months in a row. I have all the print outs from the payment however our new company does not care what documents we have they are also saying we owe for July and August and are taxes. I also had them add Insurance to my account while I had my own. I have no idea why no one has tried to help any of us out with all of these complications. I just don’t think this is fair they have taken our money, ruined our credit, and yet no one is helping. Please if anyone has any advice for me let me know. I will also be in the class action suit. We have found out that until we can get this off our credit we will not be able to get a mortgage. Explain to me what we did wrong because I have no idea

TB&W owes me money. I have been fortunate to have someone assist in finding a lot of the errors that TBW have done and I never threw any paperwork away so it helped. In the meantime since TBW filed bankruptcy they are not releasing any funds so im screwed. Also TBW before they closed down were running inquiries which all are listed on my credit report and oh yes they did hurt my credit score. I mean tons of banks on my report and im thinking WTH. Other than that I would like to be part of the class action lawsuit but for the life of me I need someone to stear me in the right direction.

We have been dealing with Bank of America and we have the same problem. We sent in a payment and they sent it back. We tried to get help to do a loan modification. They said they will call us back!!
Wonder if Obama knows whats going on maybe we should inform him- petition-email something!

I was with TB&W (we all know what happened there) I am now with BOA. I am going through a short sale and was a couple of weeks from closing. I started working with a real estate agent and a litigation company they stayed on top of things and was working with a negotiator from BOA. We received 3 bids on my house a week before thanksgiving. The negotiator/s finally made a decision in February. My agent called me freaking out and said that BOA sold the house out from under us on the court house steps. Couldn't find out anything for a week, then we found out that they turned it back over to Freddie Mac. Make sure if you have to short sale with BOA that you constantly ask if they are in contact with their foreclosure department, this happened to a friend of mine also. Did I mention that my escrow check from TB& W BOUNCED?

So after months...we are still waiting for BOA to tell us if we are approved for some kind of a modification....this isn't going much better than TBW...any one out there get any answers from BOA? (other than "we are working on it)

This is ridiculous. I was unfortunate enough to get CENLAR instead of BOA. They are not even a mortgage company. I have all my records to show that TB&W stole my escrow and never paid my property taxes. I had to pay them in full last year in order for my house not to go on a tax auction. CENLAR still has not corrected my info. If anyone is in process of Law Suit against TB&W please fill free to include me. Thanks.

Is there a lawsuit against TBW or Cenlar? If so please let me know with who so we can join suit. TBW has our money,Roundpoint has our modification and Cenlar says they own our loan since 8/09 and we are 8 months behind in our mortgage payment.

Same question here. Is there a class action suit filed yet? I assume (yeah, I know) that if one is filed, all the parties involved with TBW, will be included?

I'm just trying to get back my escrow, which by some accounts here, is kind of small, but still....

I'm with BoA now. Seems TB&W has shafted me out of my escrow money as well. BoA is saying I owe them around $1,100 in escrow. Please if there's any type of Law Suit against TB&W please let me know the info.

Thanks.

Why all focus on Lee Fark-ass. How about his partner Sean Murla? I knew he purchased his house with TBW money. How about all the cars he owns?

Has there been a class action lawsuit started on tbw yet? I don't know if I'm too late or not but I would like to get it on the law suit if possible. I lost my home in 2009 are because of taylor bean and whitaker. I tried to do a modification,but they gave me the run around even after getting everything to them that they needed. I contacted a girl named Stephanie who was rude as heck and she told me that I couldn't be helped. Had to move out of my beautiful home in April of 2009. That was so devastating after all of the money I put into it.

Has anyone demanded Bank Of America or your current lender servicing the mortgage to validate the debt?

I think we all have a legal obligation to ask. They are our creditors.

I was just wondering if anyone tried and received any sort of response? Its been 14 months and the loan is still not recorded at the court house. I am paying my loan, but I am unemployed. Even if BOA lost some of the paperwork in the shuffle, it might be eaiser to request a modification if they can't produce the note.

simplemind;
go to thhis link.. its about boa. alot of questions you may have can be found here.

pleas money help

Simplemind what is the web site you mentioned about it is not listed
thanks kim

Hey does any one out there know if there is any recourse for the appraisers that were screwed out of the money owed to them when these people screwed every one over. I would love to join the class action law suit if that's even possible at this point. I was just given the "HONOR" of trying to find a way to collect on the money they owe us.

I am suffering from emotional distress and i am seeing all kind of specialist I am very sick and I want to do something about this phicical condition of mine Is there a lawyer that can take my case.Please can anybody help me I have a wife and childrens so please help if you read my message.Thank you.

I had got a desire to make my firm, but I did not have got enough of cash to do that. Thank goodness my close dude told to take the issue to get help.