LW in California said: “My Dad recently passed away at 92 years old and we found out that at 84 he took out an HSBC loan on his paid off home for $72,000 at 10.5% for 30 years. There was no life insurance policy.
Brenda in New Jersey said: “I did not initially apply for my mortgage from HSBC it was bought out by Champion Mortgage. I applied for a mortgage loan modification from HSBC. I supplied them with all the appropriate documents in 6/2009 and they denied my application 3/2010. My attorney stated they they would probably do that because that’s what they are known for. I thought I would give them the benefit of the doubt. NOW I am in the final stages of foreclosure being forced to file Chapter 13 to try to keep my home when HSBC could have helped BUT chose not to. I have been searching for another way out but since my loan is serviced by HSBC there is no other way. I wonder how many other home owners are in the same situation only because their loan is serviced by HSBC.
From R.T. in Oklahoma
I assumed a mortgage thru a divorce that had initially been originated in 02/04/2000. The terms: 120 month mortgage having a note rate of 13.95%. I have recently made the last of all 120 payments.