Never, never bank with this group. If you are down they delight in behaving like vultures. I was less than 2 weeks late and the bullying began in earnest. I became ill, lost my job, tried relentlessly to find another while keeping up with my mortgage payments for two years. My mortgage interest was 9.125%, 5/1 ARM with 10% down; they took my car and my home. Icing on the cake was a defeciency judgment for nearly $20,000 while my home was in foreclosure. This leaves the door open for future judgments should they sell my home for less than they purchased it for at the auction. This is a tactic unheard of by the many people I know in banking and real estate, even the AG's office has unfamiliar with this procedure. During the course of my loan I paid approx. $22,000 more than someone with a normal interest rate and a minimal down payment. I improved the property to the tune of several thousand dollars.
What they did was take a heart wrenching situation and use it to their full advantage to make a substantial profit. The judgment has in affect guaranteed I will never own another home. I'm also disabled and have nowhere to go.
I have no qualms about leaving my name and contact info - anonymous has never been my style.
Trish Zeinert
Winona, MN
z.trish@yahoo.com
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