CB in Ohio said: “HFC has me stuck in a high interest first mortgage with the value of the loan being way more than the value of the home due to inflated appraisal’s. I also carry an extremely high interest equity line of credit.

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K in Ohio said: “I too am having trouble. I was laid of from my job and paying an adjustable rate is impossible. My adjustable rate went up 4 times in the past 3 years. I could afford the payments before I was laid off but not now. I get less than half my weekly wages on unemployment. I tell everyone I know not to go to HSBC. They hate their customers and want to help them loose their homes. Well I guess we’ll all have to get used to living in our cars.”

VB in New York said: “I have read the comments on trying to get a modification. The exact reply was given to me. I received a 6 month defer and will again be
raised. I was also told HSBC does not participate with the stimulus plan. My husband asked if the interest rates went down, why do you increase our mortgage?

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AS in Michigan said: “I have a first and a second mortgage on my home as well as a loan consolidation. As soon as I started having problems with my payments I sent a request to have my payments reduced.

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MC in Pennsylvania sent this update: “Update to last post on April 24, 2009. The plot thickens. Since then I received info in the mail from HSBS/HFC/Beneficial to attended another seminar to avoid foreclosure.

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