Complain about a product or service

Option One Mortgage Corp.

Irvine, CA

H&R Block • Charges • Electronic Filing • Errors • "Free" Filing • Online • Refund Anticipation Loans • Taxcut • Option One Mortgage Corp. -- News • American Home Mortgage Servicing Agrees To 8200 Modifications • Massachusetts Court Stops H&R Block, Option One Foreclosures • Massachusetts Blocks H&R Block, Option One Foreclosures • New York Stops H&R Block's Deceptive Sweepstakes Ads • California Sues H&R Block • H&R Block Sells Subprime Mortgage Unit • H&R Block Launching Its Bank • H&R Block Threatened Employees, Spitzer Charges • H&R Block Settles Tax Refund Loan Suit • H&R Block Readies New Bank as Business Soars • NY Accuses H&R Block of IRA Marketing Fraud • H&R Block Goofs on Its Own Taxes • Children's Defense Fund: Tax Refund Loans "Indefensible" • California Sues H&R Block Over Its "Instant Refund" Loans • H&R Block Doesn't Block Identity Theft • H&R Block Will Settle More Payday Loan Suits • Option One Agrees to Clean Up Its Lending Practices in PA • H&R Blocked: Consumer Groups Oppose Tax Giant's Proposed Bank • Tentative Settlement in Tax Loan Class Action • Class Action Challenges Electronic Filing Fee • Supreme Court Rejects Block Appeal in Class Action • Judge Upholds Racketeering Complaints Against H&R Block, Household • Court Clears Class-Action Suit • Tax Loans Victimize Consumers --- • All About HSBC

Mavis of San Diego, CA November 17, 2009

I was given a bad adjustable mortgage and paid for 2 years. When I requested a new loan, modification or assistance, none was provided. I was told on my "truth and lending" statement that my payments would increase by 400 appx. but they went up 1400. No offer were made to do anything and when I asked about the difference in the amounts projected, I was told that was just an estimate. Even though the payment amounts were spelled out, Option One increased the amount to something that I could not afford.

I believe I was a victim of predatory lending just like these other people. Why has nothing been done about this by the government? So many people were scamed out of their hard earned money. I put down 10% and had good credit, but I still got a substandard loan. These types of scams should be looked into, the big business crooks just pass the problems along. Even though they would not work with me they still lost money.

The property a four-plex was sold for half the value, I could have kept it with a modification. Why was there no help provided. I am glad they are out of business, but how much were they really affected or did they cause a lot of good people to become financially ruined. Someone should have went to jail.

I lost my property; my tenants had to lose their homes. I have filed bankruptcy. The government has had to pick-up the costs. The executives at Option One are still untouched, they need to pay for the mess they created for this country and the burden they placed on everyone in a tragedy with no conquences. I have no money to file a predatory lending lawsuit just like the others the government regulatory committees have failed the country.

BRUCE of Salem, OR November 12, 2009

A Breach of Contract and Conspiracy to Deceive Complaint has been filed , Case #09P-10840, (unanswered as of 10/12/09 but filed on 10/6/09 with 14 days duty of answer) Twelfth Judicial District Circuit Court, Polk County, Dallas, Oregon, 97338. Defendant has lied to Plaintiff, by e mail and altered terms of agreement , written in e mail to Plaintiff by Dave W, VP Customer Service AHMSI.

Notice of Default and Election to Sell filed in direct violation of promises made by W, in writing, and for which Plaintiff was entitled to rely on. Sale date is currently set for 12/4/09 under Non Judicial process. Oregon provides a "dual" foreclosure option, Non Judicial and/or Judicial Foreclosure. Plaintiff is asserting his right of due process (Constitutional) to prevent what the Plaintiff believes is an unlawful attempt to foreclose and sell in order to profit from the fruit of a poisoned tree, a poisoned tree that AHMSI, Option One nourished by aggressively participating in the sub prime mortgage industry and the securitized asset backed derivative industry that is responsible of bringing the American economy to its knees and became apparent by Aug/Sept 2008.

Michael of New Bruanfels, TX September 10, 2009

Bait and Switch, I requested and was told its a 15 year fixed loan at 7% interest, and then weeks later received an overnight package, first time I ever saw anything, as it turns out its a 30 year adjustable at 14%!!! The rider was hidden away. I was told to sign/notarize and express to the title company as the closing was scheduled for the next day. No HUD Statement was ever received, nor anything prior to the overnight package. This was a scam and has cost me approximately 70,000 in interest/mortgage payments!

sharon of bradenton, FL August 22, 2009

My loan was one of those arm loans.Knowing I was going to be in trouble at the end of my two year fixed rate I also called and got no where with them.They uesed wells fargo as an assignees to take me to court.I fought in court for two years in the end they won. In 2006 is when it all started.I was involved in an auto accident an am disabled from it no one would help.I went to court on my own no lawyer.When wells fargo was the ones to sue me I did not understand? Why not Option One my loan was not sold.This is were I found out assignee to my note was wells fargo.

After I was in this for a little while I had them to file original note they tried to say they already had. Well the next day after judge said file it are you can not proceed with foreclosure they filed what they said was original. There was this thing called an alonge' to note. What the heck is this I said? Well not able to prove it I did research my self and found out what I believe it to be is that OPTION ONE went to WELLS FARGO FOR A LOAN using my DEED as collateral opening a loan in my name with out my knowledge. That why they are an assignees to my note because they did indeed hold the original note with out me knowing.

The lawyers have to mail a copy of everything to you with in thirty days of filing but thay mailed it to me three days before court. Well I did not wait for them to send it to me I went to the court house my self and got a copy of what they filed. Found the alonge' to note thing. It is to my belief a THIRD PARTY DOCUMENT it dose not belong to me but to option one and wells fargo. Take a good look at all your paper work with them and make sure you do not have one of those notes. By the way the note in with all my papers is small but all the others are the 8x8 size.

My home was sold in 2008.My name was typed on it and the only signature on it was from a Secretary from OPTION ONE, should not mine and a loan officer be on there? Why is a Secretary signing such an important document? I even went to see a lawyer legal aid as I had not a penny to my name. Shae said do you have 300,000 in equity if not why would you want your house? Well I was shocked she would even say that. I am a single parent.What dose she think? If anyone knows about this kind of thing please help. It may not get anything for me but if it can save anyone from what my boys and I went through that would be a blessing

Ray of Silsbee, TX July 3, 2009

Option One is the worse company to ever due any buisness with. I sold my home due to divorce due to losing that extra income I couldnt realy afford the payments. I closed on the house on Feb, 2005 here it is 2009 and im still fighting with them. They have on my credit report that my home was forclosed on im March 2006 thru July 2005!! I have submited all the paperwork over 10 times to get this cleared up. Even with Experian... My question through this whole ordeal is How can you forclose on a home that you dont even hold a mortgage on? They have even sent my account over to a collection agency to whom want even talk with me. There has to be some way to get this cleared 4 years is to long to still be fighting with theses fools!! Someone please help!

Joanne of Magalia, CA June 28, 2009

I got 2 months behind on my own mortgage with Option One Mortgaging Inc. I sent my third month payment in but Option One sent it back to me and filed a NOTICE OF DEFAULT dated 4-15-08 in the amount of 9,725.89. I called Option One right away to find out how to make the payment and cure the default. I was told that my payment was now 14,100.00 and I would have to sign a forbearance agreement right away or my house would be sold. By the time they put together a forbearance agreement, which was 2 weeks latter I owed them 30,884.60. Option One wanted me to send them 7000.00 overnight and make 5,971.15 payments for four months, which I did.

Before my last payment was due I was recommend to talk to the owner of Eagle Crest Terry Whitington III, a loan modification company. He assured me that he dealt with this kind of stuff all the time with a great success rate of 99%, and he was sure he could help me. I agreed to work with him. I paid him 2000.00. He called and told me that he had talked to Option One; he said Option One told him to have me make my regular payments, which I did. I just recently found out he is not listed with the DRE. Option One would not except my payment.

I called Terry Whitington III but would not answer any phone calls from me. I called Option One and was told that If I sent them 10,000.00 over night and agreed to pay 6,000.00 a month for one year they would stop the foreclosure proceeding. I could not do that so I filed bankruptcy to stop the sale of my home. As soon as the bankruptcy was dismissed Option One sold my home to Wells Fargo. The first I knew about this was when I got an eviction notice.

I am still living in my home and desperately trying to keep it. I am trying to work with Wells Fargo but they are not being very cooperative. I thought the banks were trying to keep people in their home! Before this all started I was never late with my payments. All my houses have gone into foreclosure. I could sure use some help. I have written every one I can think of including the president, Oprah, Dr. Phil and every Senator and Congressmen. I love my home and don't want to leave it. PLEASE HELP!

I am a single mom with 3 childern, My home is not in my name anymore but I still live in it. I have been put through a year and a half of HELL not knowing if I will have a place to live or not. I have ended up in the emergency room twice from stress, I have even thought about doing myself in. my credit is ruined. I Thought the banks were supposed to work with the consumers. But Option One flat out told me they would get my home one way or another.

Ed of Greensburg, PA June 2, 2009

They over valued our home and did a no doc loan after they were told there was no income at that time. Now we are in foreclsure and the sheriff sale date is July 6th of 2009. Can you help? Thank you.

Xai of Sacramento, CA April 11, 2009

Xai of Sacramento CA (04/11/09)
The family were victims of a bad loan which adjusted in July 2008. They were unable to make these payments and tried so hard to work with this Lender and got no cooperation. In the end, they were only offered a 2 year interest only modification. Due to their language barrier, they were taken advantage of by this bank.

The end result was being forced to leave the home as it was auctioned off at 49,700.00 The purchase price in June 2004 was 240,000. This is so wrong not to work with this family so they can keep their home and chose to auction off the home for so cheap.

Terri of Spring Hill, FL April 6, 2009

i have read the articles from those who had similar problems with option one. the home was hit by a hurricane in 2004, called the insurance company the nightmare began. i was already in trouble with option one as my husband became very ill and had 10 percent of his lungs working but they did not want to work with me, so i had to file bankruptcy, could not pay my home insurance, they placed forced insurance that was more expensive, but to add insult to injury, a hurricane took out my room when a 40 foot tree fell on the house, took out a section of the roof, took a fence down, broke tiles, etc. i called and they also gave me the runaround for almost two years, i called fema to see if i could get help to at least fix the roof, it was too late fema stated i did not meet the deadline.

i than called my safe florida for additonal help and was told that i lived in the wrong zip code, there was no help for me to get the roof repaired or replaced, i was amazed that because of a zipcode i was not eligible, my response to them at that statement that they made was when hurricanes go through florida, does the hurricane skip the zip code which i guess is in a plastic bubble. with that i called the insurance company and once again was given the run around. out of pocket expenses to fix what i could ex tiles, new ac, etc put me once again behind on my payments, i called and told them if they would address the issue with the insurance company, they told me that they did not have to. un top of this, my house was diagnosed with a sinkhole, in which was fixed via option one with insurance money that they had collected.

at this point i thought things would move ahead and i would be able to get the necessary funds to put the house back to its original state. i was wrong, they jerked me around even more. i called them almost every day and they needed one form or another to get permission from the mortgage dept to ok the money to be released. i had to have the health dept come out as we were all getting sick only to find out that we had mold that was entering the kitchen down the walls, in the walls and the ceiling were caving in, i called the health dept who came in and tested it and told me that it was imperative that i correct the problem, i sent this letter to the mortgage company and they ignored even the letter from the health dept, sent them the report and all.

so for four years, my whole family was breathing in spores from the mold, the attic was infested with mold and mildew and it had finally made it into the house over four years. i can tell you more but i would have to write a book. all i can tell you is that option one purposely wanted me to walk away, so that they could keep the insurance money and the house. i even offered to sell the house as a short sale, the offer was close but they refused it stating i owed more, the bottom line i got screwed by option one they got the house, they got the money, they sold the house, got more money, my credit is shot and noone really gave a damn including the insurance regulators of tallassee. they also blew smoke you know where. they intimidate you to the point where you just walk away. so they win. they had over 85,000 dollars sitting in the mortgage dept, lied about as i called the insurance company who told me that i had sent a check to them back in January, they claimed that the never got it, by the way they called him in april to state they never got the check, how convenient, he stopped the payment and issued them another just fice days prior to foreclosure, th

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