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Houston Homeowner Says CitiMortgage Tricked Him Into Foreclosure

Wednesday, October 20th, 2010

Last March Ray Coleman, Jr. of Missouri City, TX lost his IT management job with BMC Software. He and his wife decided they would be able to still afford their mortgage payments with his unemployment and the income from her job as a counselor, if they could get a reduction in their monthly mortgage payment amount.

Ray Coleman, Jr. called his lender, CitiMortgage, and asked about how he could apply for the Federal Making Home Affordable program. Coleman says the bank told him he had to be at least 30 to 90 days behind in his payments.

Coleman and his wife fell behind on their payments and then applied for help. And that’s when, according to Coleman, things got shady. He said CitiMortgage repeatedly asked him for the same paperwork again and again.

“But then, just out of the clear-blue sky, I get a letter from them telling me they’re foreclosing on me Sept. 7,” said Coleman.

He said he was shocked because he believed he qualified for a loan modification and wonders if CitiMortgage ever really reviewed the documents he said he sent them.

Coleman decided to fight back and first contacted Mediation Centers of America in the Galleria area.

“Banks string them along so they won’t go to an attorney,“ said the Terry Parks, with Mediation Centers of America. His advice to Coleman was, in fact, to get a lawyer.