This company purchased our loan from American Mortgage Company (AMC) a couple of years ago. Unfortunately, we didn't find out but until a few months after when we received notifications that we were behind our payments when we were not.
We had an electronic payment set up with AMC; therefore, we couldn't understand why a company named ASC was bugging us. Finally we realized what happen and try to refinance with another company. Unfortunately, we made the mistake on trusting AMC agent and let him borrowed our loan papers because he told us that he lost his copy. He never returned us the original and we asked for a copy to AMC.
Every time we ask for our terms and conditions of our contract they tell my husband that they will send the copies but never, ever have done it! It has been a year and so and we are still waiting for papers. Additionally, our payments went from $2,200.00 a month to $3,900.00 and keeps rising! Companies like this one are the ones responsible for our crisis in home loans in our country.
There must be a law or something to stop them!
We are about to loose our home!
Review about: Americas Servicing Company Loan.
Monetary Loss: $150.