2 Sep, 2021 → by ClaimboUser230959
Reverse mortgage

1

NOVAD took over the servicing of my reverse mortgage in Jan 2020 and my statement has been incorrect from the very first statement NOVAD sent. They acknowledge my balance is significantly overstated but refuse to do anything about it. It has been my practice to call them every month when I received my statement. Now they have cut off my statements so I can't tell what my loan balance is. Wait times to get through to the HUD service center can be over an hour. From what I have read in these complaints it appears I'm going to have to sue NOVAD to get this corrected. It's outrageous that a mortgage servicer contracting to service HUD mortgages can't even send out a correct statement. I know that if I don't get this resolved now getting a correct payoff will be a big issue when I sell my house.
Helpfull? 0 likes

Post your comment:



Do you want to help? Probably you've just been in a similar situation, know the solution and want to help? Perhaps you are just a kind person who has advice on the merits. Please write your comment — you can do a good breed.

If you are actual Representative of Novad Management Consulting you can contact the user using the comment form and help resolve the situation. The user can always mark his complaint as "resolved". Maintain your brand image, it is FREE.
Copyright © 2024 CLAIMBO.COM. All rights reserved.