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We modified our mortgage with Shellpoint in 2016. We were able to obtain a lower interest rate and subsequently lowered our payment amount. They then sold our mortgage to bank of america - and after reviewing the terms and amortization schedule with the new servicer we discovered that our 30 year fixed rate mortgage had been turned into a jumbo balloon and added a balloon payment of $166k due at the end of the terms of our mortgage.

I've been contesting it now for the past few months and neither lender will budge on the modified terms (although none of the notarized signed documents state that there should be a balloon payment due at the end.

I'm looking for other people who have also had this issue and whether or not they were able to obtain a resolution.

Reason of review: Bad quality.

Monetary Loss: $166000.

Preferred solution: Full refund.

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Nayra Tsv

I am forming a class action if you will go to Facebook group - victims of Ditech / Shell point. Also , contact Gucovschi- law.com

Guest
reply icon Replying to comment of Nayra Tsv

At the end of the day you stopped making your payments right?

Duaa Sds
reply icon Replying to comment of Guest-1991293

You do when they won't accept a payment .. You also dont keep paying crooks!

White collar criminals stealing hard earned ppls properties!! Enjoy your job now BC you won't have one long!

Joan of arc

Same situation our purchase price 21 yrs ago with Greentree was 60k. Been paying 21 yrs now owe 181k!!

Guest

I am going through the same thing. July 2019.

Loan modification: new mortgage terms. After the mortgage is paid...there is a Balloon payment due of $95,000.00. My states Atty General is reviewing it. Has anyone else dealt with these *** and if so any resolution?

Please leave your comments if so. I would like to know the outcome.

Guest
reply icon Replying to comment of Guest-1720293

No resolution... Shell Point washed their hands of it and Bank of America (our current lender) also doesn't want to fix it because they said that it wasn't their issue because the modification was done by Shell Point.

I'm curious to know what your attorney general can do or whether or not they can assist. PLease let me know if you get any assistance!

Elif Gix
reply icon Replying to comment of Guest-1720293

We also had problem after problem with them.. Its actually New rez but it started with greentree & never had issue then when Ditech took over thats when the issues started..I finally found an atty to take the case & its class action..

If you would like to join then contact Gucovschi-law.com , fill out the "contact us " Tab on their webpage.

They are working fast on this matter! Dont be a victim & let them get away with their fraudulent business acts!

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