I got a refinance loan from Lend American a month before they were shut down by the feds. Lend America did not payoff Citimortgage in the deal.
Now Cenlar is trying to collect payment on that loan and it has sent me foreclosure notices and put bad marks on my credit.
I have continued to pay Citimortage monthly payments because the loan was never funded. In the process, I have lost 3 mortgage payments and now have to get a lawyer to straighten things out. It has been a year!
Cenlar should not have accepted that illegal loan and has been unable to deal with the problem for a year. They say their fraud department is working on it, but I have never received any contact from them for 6 months.
Product or Service Mentioned: Cenlar Mortgage.