Pennymac - Penney Mac creates the foreclosures to get the houses they service.
Penney Mac from day one they acquire the servicing of a loan bad faith comes into play. they take long to create a feasible scenario for the homeowner and the implementation of options are extremely rare.
the main objective is to place the house in foreclosure and get a sale date. they start not accepting payments prior to the property been in active foreclosure and even when you address this, the employees are a wall. acknowledgement of a wrong doing is zero.
I PERSONALLY THINK THEY HAVE BEEN GRANTED A LICENCE TO ROB THE HOMEOWNERS FROM THEIR HOMES. It is a shame that the Department of Finance do not audit the modification or loss mitigation departments in lender's that are taking advantage of the present market.
Reason of review: bad faith.
Preferred solution: Let the company propose a solution.
Pennymac Cons: Unwilling to own their mistakes, Service and procedures, Disregard for law and rights.
Location: Hialeah, Florida
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