Home Mortgage Servicing Company
The American Home Mortgage Servicing company based in Texas has been accused of violating the Texas Debt Collection and Deceptive Trade Practices Acts. Allegations from the state, including Attorney General Greg Abbot, say that AMHS used unlawful tactics to coerce payments from homeowners.
The methods used by AMHS violated many Texas and Federal laws regarding fair mortgage practices. The company took advantage of homeowners who weren’t able to pay their mortgages off.
They made false claims regarding the late and missed payments of homeowners and used those claims to charge excessive late fees or extort payments out of the homeowners. AHMS also failed to provide homeowners their due credits for making payments on time.
AHMS actually worsened the situation for many homeowners, especially those who were facing foreclosure. The AHMS company claimed to offer services to homeowners in financial trouble, but they did little to deliver on their promises.
Many of the services that they claimed to do to help homeowners actually made things more difficult for them. The loan modifications that AHMS coordinated often caused the homeowners to owe more money in each monthly payment, making it even harder to meet the monthly mortgage payments.
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