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Home  »  Consumer Reviews  »  OTHER  »  saxon screwed me good.
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saxon screwed me good.
May 3, 2008
Saxon Mortgage complaint by Joe Speed
saxon charged me 3000 dollars for insurance that never existed for a period of just six months. So I make two payments every month, one for the house and one to their so-called escrow accout for insurance that never existed.

I have never missed or been late on a payment on anything ever. This last month I get a call stating they haven't recieved my payment. Right there I new something was up because I mailed it off two weeks prior. I recieved calls every day.

I was finally told what happend was that they took my house payment and stuck it in their escrow account. By this time my payment was considered late.

they told me before they can count my payment for the month, the late charge must be paid,and because its late its going on my credit report.

The funniest thing is I always pay more than what my bill is, my late payment equalls out to 4.95.

I had to pay 20.00 to over night the 4.95 to them.

Saxon is such a scam, beening able to charge me 3000 because I could not prove I had insurance during a 6 month period is a bunch of crap, considering home owners insurance for a year is only 450.00.

Im getting an attorney because Im not letting them get away with this.I have receipts and proof that I make payments on time, and Im not going to loose my credit for their greed.

I figure I have secound house, if I cant beet them I'll let their's forclose .

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