Consumer reviews and reports on scam companies, bad products and services
Americam Home Mortgage
Americam Home Mortgage Servicing, Inc. AHMSI Refused to entertain loan modification or short sale Dallas, Texas
4th of May, 2011 by User122709
In June 2006, my wife and I obtained a mortgage from AHMSI. Due to unforeseen circumstances at the time, I was forced to file for Chapter 7 Bankruptcy protection in August, 2007. However, I kept the property in question out of the bankruptcy proceedings, and continued paying my mortgage, taxes, insurance and all other home related expenses. I was discharged from bankruptcy in December, 2008. In February, 2009 I contacted AHMSI to see if they would entertain the possibility of a loan modification. The company immediately refused. In April, 2009, I lost my job as a Corporate Tax Director. Anticipating that I would have difficulty making payments to AHMSI under the current terms of the mortgage, I enlisted a consulting company that acted on my behalf to negotiate a loan modification. About eight months later the consulting company went out of business, and I was once again on my own in attempting to negotiate a loan modification with AHMSI. I was still unemployed, and my funds were running out. All my savings were depleted in paying my obligation to AHMSI. However, unemployment insurance is not enough to pay for $640,000 mortgage, let alone trying to support a family of four. After sending in the required paperwork on at least three different occasions to apply for a loan modification, the company sent me a letter stating that the required paperwork was never sent in. This has been ongoing for nearly 2 1/2 years. I have even requested that AHMSI inform me of a price that they would accept in a short sale a number of times. They refuse to acknowledge any correspondence. They are required to indicate to me a price at which they are willing to accept for me to be able to sell the property. All the while, I have never spoken to a human being, and the process has become so frustrating that I am ready to walk away. Additionally, after I inquired why I haven't received statements in years or have the ability to make internet payments, the company indicated to me that I do not receive statements, nor will they allow me online access to make payments because I filed for bankruptcy, even though this property was never listed in the bankruptcy. I am currently up to date on all my mortgage payments, taxes, etc. My mortgage payment will drastically increase next month when my interest rate is reset. Due to having a negative amortization loan, my mortgage is now greater than the original $640,000. The property was purchased for $780,000, and the fair market value is now about $600,000. I have gained employment since February, 2010, but a drastic cut in compensation will not allow me to keep the residence. My family will be forced out at some point. While I do not wish to neglect my obligations, I somehow feel that all this could be avoided if only AHMSI discussed the situation in good faith. The end result that I anticipate will not be productive for anyone.

Post your Comment

Complaint Details

Get new code


Recently Updated Reports

98 days ago by thestoryofdianegerrish
goldendoodle world - goldendoodle world lake ridge kennels Vulgar,...
I just came across this page a few minutes ago. I am Sandra Johnson and although this page was...
323 days ago by freeinfofraud - Unable to withdraw funds
Bitky be Aware! Unable to withdraw money! Bitky idoes not allow you to withdraw your funds, do...
327 days ago by ned l.
Bi Polar Bullies - Bi Polar Bullies Kennel Karen Wolfe BUYERS BEWERE OF THIS...
thank you for bringing this to my name is Karen Wolfe, i'm the owner of...
328 days ago by ned l.
ServiceMagic ServiceMagic scams and cheats contractors...
Jason - I'm sorry to hear about your experiences with your leads recently. The leads that...

User Registration

Already a member? Log in now.
E-mail address
Get new code

User Registration

A confirmation email was sent to "".
To confirm your account, please click the link in the message.

If you don't see the email in your Inbox, please check your Spam box.

User Login

Not a member of Register now.
E-mail address
Forgot your password?
E-mail address
Loading, please wait...
Your password has been sent to the specified email address. Log in