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Seterus

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Seterus Reviews

Ericb22
Seterus/IBM LBPS

After going through an approved short sale with Seterus/IBM/LBPS, and having the company forclose on it at the last minuite. I have tried for months to talk to a non psychopath at ...

#297789
Feb 16, 2012
69

Anymouse
QBE+Seterus = questionable ethics

When another entity acts on your behalf, and you do nothing to stop this, they are, in contract law terminology as I understand, your agent. If they act as your agent, whethe...

#294779
Feb 05, 2012
142

Adw04
Seterus is horrible

My loan was sold to LBPS now Seterus -because their "processing practices" they applied my payments as Principal not as payments TWICE! I have tried for months to get this fixed NO...

#293279
Jan 31, 2012
259

Anonymous
Seterus SUCKS

In October 2011 I started the process to lower my mortgage payment with seterus. I kept paying my mortgage until this month January2012. Last week I got a form letter in the mail s...

#290053
Jan 18, 2012
478

Kmass2003
Seterus

I have been sold about 4 times now to mortgage companies. I am now with Seterus... THEY SUCK! My mortgage payment went up and i did not realize it. they called and told me my pay...

#289680
Jan 17, 2012
327

Anonymous
Seterus Worst Company Ever

What a bunch of idiots. I just refinanced my way out of this Company. Hopefully my new Mortgage lender doesnt sell the Mortgage back to them. At least I got a better rate. Like ...

#289054
Jan 14, 2012
252

Groy
Seterus Inc sucks!!

This company is the worst. I fell behind on some payments and have been trying to work with them to get my loan modified. I sent in all paperwork & wired them $8,000. They supposed...

#286821
Jan 06, 2012
337

Anonymous
Seterus Home Mortgage

I made an additional one-time on-line principal payment on my loan in mid November. It was not credited to my account until the 10th of December when my automatic payment was with...

#286305
Jan 04, 2012
267

Anonymous
Seterus and Fannie Mae would not modify my mortgage

I have a Fannie Mae loan serviced by Seterus, lost my job Dec 1, Seterus gave me paperwork after paperwork, had me appy for the HAMP bragram, was denied, applied for HARP, denied. ...

#284926
Dec 29, 2011
374

Anonymous
Seterus Sucks

I am pissed that Seterus formally IMB LBPS is not a mortgager and is unable to allow me to refinance my house under the HARP program. How are they allowed to service my loan withou...

#284643
Dec 28, 2011
347

Somadats...
More on Seterus

I just posted a complaint about seterus, but it didn't post the entire complaint. They promised not to charge $10 fee for mortgage payment because it was their fault my passwo...

#280739
Dec 11, 2011
255

Anonymous
Seterus survey?

I got an email asking for my input for their satisfaction with the consumer and you could not check off any of the "satisfied" "not satisfied" "very unsatisfied" --nothing could be...

#280734
Dec 11, 2011
191

Boricuac...
Seterus - AVOID THEM AT ALL COST!!!

They agreed to give me a loan modification at a set rate and term. Then a couple of weeks later when we were ready to finalize the deal they tell me that in order to get the loan ...

#278532
Dec 01, 2011
308

Steph2011
Be Wary of Seterus

Bank of America sold my mortgage last year to IBM Lender (they changed their name to Seterus this yr). Be wary of Seterus. They will hold payments until after due date so that th...

#276780
Nov 23, 2011
364

Maleah72
NEVER do business with Seterus if you can help it!

Recently Bank of America transfered my home mortgage to Seterus who I have never heard of before. They are absolutely the worst financing company to work with. They DO NOT care a...

#274137
Nov 10, 2011
308

Kitri
Seterus Complaint! Seterus charges $5 to pay online and $10 by phone!

This company Seterus called my house starting Nov. 2, 2011 several times a day to see when we were going to pay our mortgage. We paid our first payment to them by check in Oct. ac...

#274106
Nov 10, 2011
296

JShardy
Seterus, Inc. - Success with Loan Modification

I just wanted to post my recent experience with Seterus, Inc. My loan was transferred from Chase back in Oct 2010. I also filed bankruptcy (Chapt 13 - Debt repayment so that I coul...

#272546
Nov 03, 2011
719

Anonymous
Seterus

Externalcommunications@seterus.com This company will get your email communication then spend 44 cents to send you a letter in the mail simply saying they got your co...

#269668
Oct 21, 2011
289

Cgt1207
Seterus

If you are having trouble getting through to Seterus an alternative number is 503-270-4005. Email is "externalcommunications@seterus.com". Bombard these people with faxes and ema...

#266411
Oct 06, 2011
1068

Anonymous
Seterus has to be a scam!

I just tried to pay my mortgage online, the website is down? I guess. I am pretty sure this company is a scam. It makes me very nervous that my money goes through Western Union. An...

#266316
Oct 05, 2011
497

Cgt1207
Seterus used to be IBM LBPS

Seterus has started to charge $5 for posting an online on-time payment. This is ridiculous! I have never been late and they continue to charge me $5 per month for making an on-ti...

#266134
Oct 05, 2011
368

Anonymous
Seterus - Illegal forebearance documentation/procedures

I lost my job several months ago but my wife was still working fulltime ; with our savings and freelance musician work for myself we were still too close to the financial edge so w...

#265992
Oct 04, 2011
385

Anonymous
This Taken from Seterus FAQ. Wow!

Seterus makes it tough to make sure your payment gets posted on time. Question: When is my payment considered late? Your payment is late on the day following...

#265056
Sep 29, 2011
618

P.O. in ...
Seterus - Went up on house payment and can not explain why

Seterus took over my loan from LBPS and went up on my payment saying my excrow account was short. In May LBPS sent me a check for $240 because my escrow account had too much in it...

#260561
Sep 08, 2011
429

GracieBr...
Seterus/LBPS

LBPS has renamed itself Seterus, now it doesn't have to send me a monthly mortgage statement...Excuse me ???One sheet in the mail we've changed our name..to our...

#252641
Aug 01, 2011
1323
Reviews 1-25 of 25

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Loans and Mortgages
Every time there is a need to borrow money person faces an option - to go to a mortgage broker or to work with a direct lender. Many people choose to work with mortgage brokers and direct lenders alike, depending on their individual situation and needs. A mortgage is a lien on a property/house that secures a loan and is paid in installments over a set period of time. The mortgage secures a person's promise that he/she will repay the borrowed money to buy a home. A person should be ready for a financial commitment that could last several decades. Mortgages come in many different shapes and sizes, each with its own advantages and disadvantages. It is vital to make sure that the right mortgage is selected, the one that is right for a person, his/her future plans, and his/her financial situation. Each borrower may choose among the following types of mortgage: fixed-rate mortgage, adjustable-rate mortgage, balloon/reset mortgage, reverse mortgage. A loan is a type of debt. A loan predetermines the redistribution of financial funds over a certain period of time, between the borrower and the lender. At first the borrower receives a certain amount of money from the lender. The borrowed sum is usually but not always paid back in regular installments, to the lender. As a rule, the service is offered at a cost, which is called an interest on the debt. Under the terms of the loan, a borrower may be subject to certain restrictions - loan covenants. Loans are offered by all the financial institutions, like banks and financial services companies.

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