Mgc Mortgage
Reviews and Complaints
Went from missing payments to foreclosure
Can't refinanced to this company
I am working with another company to refinance to get out of a 9% rate down to 4. This has been going on since December 27th and thanks to the fact they don't report to credit bureaus, I have to count on them to send a verification of mortgage.
The broker has been working on it since December and it has finally arrived only after calling them repeatedly and not getting a human . It has finally arrived but I am not sure if I can even get the loan now. I started five years ago trying to get a modification with MGC due to my husband's income dropping by 70% and was denied. I was told they just couldn't understand why I couldn't make that payment.
I don't know what I else I can do.
It's like they want to keep me as a customer so they can keep charging the high interest. I have had late payments so there are late charges so I was told on one of my last calls that because I have late charges, they couldn't help me.
does anyone know how to help?
Home Flooded and MGC does not release funds from insurance to complete repairs
Preferred solution: send the funds promised for the 90% completion so we can complete re-building
Very bad No one is never their to Answer calls
Unable to have communication with a person
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Verified Reviewer | Plano, TexasUnknowledgable insurance policy and late fees
Each year I am being charged for an insurance policy I have no knowledge of nor do I receive any paperwork. This company takes upon them selves to apply insurance to my home when I all ready have insurance on my home.
They apply payments to this policy I know nothing about and then wants to tell me I have late fees. Nope that extra money is for late fees and if you would apply it to the late fees and not an unauthorized policy I know nothing about then my late fees would be covered. This company have very poor communication skills and is ripping people off big time. I refuse to allow this sorry company to gain any access to my home.
I must find me another mortgage company. They have runied my credit score they don't update anything with the credit companies and when they do it all ways negative lies they can't seem to keep track of themselves and can't apply payments right so it falls back on you like your the one not paying on time.
I must get away from this company. Also each year it shows money being sent to me on my income tax form and I never received any funds at all so its like they are milking my home equity each year to where I can't refinance if I try to use it something is not right with this company I must find me a lawyer to look into my files and paper work.
- No communication
- Rip off company
Preferred solution: LATE FEES WAIVED
The worst company I have ever seen
mgc mortgage brough my loan from New South. They have been the worst company I have ever dealt with.
They say that I was late in making my payments gave them all my payment receipts sent them to them they still did not accept them. My payments was up-to-date now they're saying that I am behind again and I know my payments are not behind. They will not give you an answers when you ask them for something, they will not answers questions, they would not send you papers when you ask for papers on your loan. This company is nothing but a frud.
They do nothing but defraud people out of money, they're stealing money from people and they need to be shut down. The government needs to find out what they're doing and they need to be shut down.
Worst Mortgage Company
Short Review on January&nbs-05:00;19,&nbs-05:00;2017
MGC VULTURES
Short Review on July&nbs-04:00;29,&nbs-04:00;2016
Mgc Stands for Mortgage Gambling Crooks with Beal Bank
Mgc mortgage as we all know is the worst servicer made up by Daniel Andrew Beal and his multi billionaire friends at Beal Bank and LNV corporation, Beal bank s.s.b and Beal Bank Nevada and home to it all is good old Dallas Texas where he flies under the so called radar with the FDIC all the rest of his schemes to defraud the American Public, but we are smart people Daniel . As soon as anyone gets this servicer run run to the nearest Bank , Broker to refinance your loan away from this so called company.
Go to any hard money lender you can find or sell the house so he can't get it, don't believe anything they say this is a horrible disgusting so called company that STEALS houses from hardworking American families . You can also file Bankrutcy but do it early to get away far away from this company of fraudsters
- Whole company is fraud
Preferred solution: Full refund
MGC Mortgage stinks
MGC mortgage Inc. Preditory lender
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Verified Reviewer | Beaumont, TexasREFUSE TO HELP WHEN GOING THRU HARDSHIP!
Before my loan got sold to this company I had everything set to my income $452 and my taxes and insurance where being paid by me at my time with no hassles no stress. I was told by Joshua Desoto that my escrow account was only to be put on just for the modification period and would be removed now they have denied me over and over when this account should have been removed.
Every since 2009 I have been having nothing but bad experiences with this mortgage company. I have been praying for a break thru and trying to be very patient with this company. I have sent in a request for loan modification they denied me. I sent in an appeal I spoke with a lady and she sounded like she was going to help me lower my payment and then next day she denied me again.
I have submitted numerous paper work with highlighting and explanations clearly showing my hardship and showing that this escrow account is causing me to be delinquent on the note and other bills and causing my family to have no food to eat no emergency money to evacuate if there was a hurricane. I have explained over and over again showing that this extra $400 this escrow account puts on my loan is causing lot's of hardship, stress and strain on me and my family. Every month we have to struggle to find food to eat and pray no hurricane comes, car don't break down no emergency arises cause we will not have any funds to do nothing cause of this account. Every month I have to defer many other bills to make up the difference for this extra money this account asks for and have shown it on the bank statements I sent in with the appeal.
I am not understanding what anyone at this company is seeing that I don't see with my finances. I went thru the HUD counseling and they even told me they don't understand why they are not removing it or helping me cause I don't have the funds they claiming that I do have. This company even tried to contact them to show them my hardship and they refused to talk to them or answer them or take anything I am showing them and telling them into consideration at all. I tried to go to a bank to get them to help me but come to find out this company has not been reporting anything to the credit bureau's since around 2010.
I am facing a job lay off coming september 1, 2015 and I sent in proof of that and they just blew it off like they just don't care if I am going thru a hardship or not. I understand that I will be responsible for my own taxes and insurance. I have been paying them myself way before my loan got sold to this company and I pay them with my income taxes. I am not understanding why this company seeing my hardship on all the forms and paperwork I have sent in to them clearing showing them my hardship that this extra account is forcing on me and they just refuse to help at all in any way.
I even asked about the HARP program which they claim they don't participate in like there is nothing they are willing or wanting to do to help me lower this note so I will be able to have food for my family and emergency money in my pocket if needed. This $1,020 note drains all finances each month even at times causing my account to overdraft when other bills are in disconnect and have to be paid so my family will have lights & water etc. Instead of them helping find a solution to keeping my home for my family they insist on me saleing but I refuse to sale my home its what me and my family have been living in and will continue to live in no matter what this company try to pull on us. They keep telling me my account is delinquent well if they look at my bank statement's very very closely and read all the explanations on it they will clearly see that this extra $400 a month is causing not only this note to be behind but all my bills to be behind cause I have to not pay any of the other bills to make up for this Extra $400 amount.
On top of all this come to find out I was charged for hazardous insurance when I all ready had insurance on my home and I was told it was flood insurance they had purchased but the policy they sent me said hazard so I paid for another hazard policy when it was suppose to have been for flood now I have no idea if there is a flood policy in their possession. Very frustrating company to deal with I have never had so many issues.
- Dont care about your hardship only see money
- Lack of communication
- Lack of concern about customers situation
Preferred solution: REMOVE ESCROW ACCOUNT I WILL PAY MY OWN TAXES AND INSURANCE THIS REMOVAL WILL GIVE MY FAMILY THE EXTRA EMERGENCY MONEY AND FOOD WE NEED.
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I guess it was resolved they foreclosed. We were blind sided with no advance warning.
I guess the bright side is we don't have to fight with them again. My advice don't get mixed up with MGC or LLP or any other of their many companies.
Fraud is fraud and has no statute of limitation according to the law.302414****