Aurora Bank FSB

Same As Failed Lehman Brothers Bank
- TK - Wednesday, July 6, 2011 - 1:40 PM

For people out there that dont know-  Aurora Bank FSB is the same bank that ran under the name Lehman Brothers Bank. 

Lehman left of lot of bad real estate deals on the books.  No wonder Aurora bank tries to entice your money with higher rates then other banks.  Higher the risk (of failure) the more you have to pay to lure investors.  Buyers beware-  this piggy came go belly up any day.

WARNING. DO NOT DO BUSINESS WITH AURORA!
- Patricklane - Tuesday, November 1, 2011 - 4:57 PM

I have had a loan account with Aurora for 20 years. In all those years I have never missed a single month or made a single late payment. We happily and proudly made our final last payment last month and paid off that loan.

Since making that final payment we have been bombarded with phone calls, often 3 or 4 daily, and we have also received a couple of letters threatening us with forclosure unless we 'settle our account'. Unfortunately nobody will explain the problem unless I first give them my social security number which I am not prepared to do on the phone.

Finally we have discovered the problem - we still owe 32 cents on our account! (After 20 years). The postage on the letters they send me is 42 cents each time and who knows what they pay for the phone calls. Even though I have pointed-out how insane this is, they still insist on getting the 32 cents and are threatening to foreclose on my house.

I cannot pay them online because their system will not accept anything less than $49. They want a personal check. I have sent them cash.

Do you want to do business with an organization which is so inflexible, so pig-headed and stupid that they have turned a loyal customer of 20 years into a public critic - all for 32 cents?

Patrick Lane

Dade County, Florida

 

 

Horrible Customer Service
- treasaharris - Friday, December 16, 2011 - 10:49 AM

After many months of sending documents for loan modification & 6 months later it was approved. Loan term 40 years fix, 4.625 interest rate, new payments dropped from $1,959 to $1,485. Now, Aurora mailed a letter stating loan documents were mailed December 9, 2011. & I needed to have documents notaries/signed. Well, I've nevered received any loan documents to sign. I've been calling now for 4 days with no answer. Literally, no ANSWER. Their telephone system connect me to some voice mail & no one have yet to contact me about the whereabouts of my loan document. I've tried every number online & now I'm starting to email every email address & fax. I'm beginning to wonder if their closed for good. Anyone with a number to speak to a live people I will gladly take it.. Thanks -:)

Warning: Do Not Do Business With Aurora Bank
- pkrause - Wednesday, December 7, 2011 - 9:13 AM

Anyone who is treated unfairly by a bank should engage their State Attorney General's office. They have the legal capacity to put an end to this nonsense.

In the Matter of Aurora Bank FSB, Wilimington Delaware, OTS Docket No. 06069, the Office of Thrift Supervision found that Aurora Bank had certain deficiencies and unsafe or unsound practices in the bank's residential mortgage servicing and in the initiation and handling of foreclosure proceedings. Order No.: NE-11-16, Effective Date: April 13, 2011.

 

 

 

How Ugly The Lenders' Empire Really Is
- EssErickson - Wednesday, February 8, 2012 - 10:11 PM

If you really want to know how ugly and bad this "lender" world existed read this book, The Monster by Michael W. Hudson.  It will blow your mind and trust in the US banking system.  The movie "Wall Street" will keep popping up in your mind as you read this greed code that pervaded the street and still does, it's just quieter now.  Bottom line - your money will NEVER be safe in a bank unless it's a credit union.

 

Read the Book, Aurora is in it.

 

S. Erickson