Comments on: Vericrest Financial

By: Jacquie

Jacquie — Wed, 16 Jun 2010 16:18:51 +0000

Tim, my situation is similar to yours. As a matter of fact, I am not even behind but for some reason, I owe then more than $1,500 which I can’t seem to understand how that happened. My interest rate is about 10%. I am on an interest only 2 ARM that adjust (this I didn’t know either) every 6 months. Somehow recently, I noticed that they started applying some of it to my principle. I am unable to follow their documents and can’t seem to get anyone who is courteous enough to help. They call me up to 11:00 at night including Sundays and now I just hang up on them. Don’t know what to do.

By: jamesdeal

jamesdeal — Sat, 05 Jun 2010 08:25:22 +0000

Tim, please describe your situation in greater detail. What state are you in? I have had success modifying Veriquest loans.

By: Timothy Agan

Timothy Agan — Tue, 08 Dec 2009 17:44:56 +0000

I am behind a payment and a half to Veriquest I cant get them to defer my payment. I would like to do a loan modification. If anyone has anything to help I would really appreciate it. Thank you very much.

By: admin

admin — Thu, 03 Dec 2009 19:04:02 +0000

I cannot make any guarantee that I or anyone can help you modify this loan. Veriquest did not accept the TARP money and therefore is a law unto itself — unless there are specific violations of RESPA or TILA. Further, there is a three-year statute of limitations on most violations. I would suggest you get your loan professionally audited. That alone might not help unless you are willing to hire a lawyer to sue. The big banks are in the power position. Feel free to call.

By: g in oh

g in oh — Thu, 03 Dec 2009 17:48:07 +0000

Yeah cit/veriquest duped me and my wife 10 yrs ago when I lost my job. I had a nice 8% fixed rate through my hometown lender and when I got behind refinanced with cit. My rate has never been below 10% and my payment went from $550 up to $900 on a 80k loan that they appraised the house value up to 130k for their own interest while my home was valued at 72k. My payments are current but they have financially handicapped my family and if I find the right lawyer i’m gonna sue the pants off someone!