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Nationstar (Mr Cooper)

United States,
Wisconsin

Consumer complaints and reviews about Nationstar (Mr Cooper)

thomasjohn0009 Send email
 
Aug 16, 2018

shady practices

Several years ago nationstar refinanced My home loan. It was written in the contract that a balloon payment would be due in several years, of $48,000 I don't have the money to pay the balloon payment and they said my home isn't even worth the loan amount, so they are going to take the house. My wife and myself do not remember there being a balloon payment mentioned. I didn't even know what a balloon payment was until they told me. They will not refinance or rewrite the loan. I paid $29,000 for the house over 30 years ago. I have never made a second loan on the house or never had a equity loan yet now i owe $48,000 My wife and myself were both on disability at the time and nationstar new when they included the balloon payment in the new loan we would never be able to come up with the $48,000 in several years. I am 69 and my wife is 68 years old. Is there anything i can do? Thank you Tom and Cathie Koback

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