Is Midland Mortgage Co. good or bad

Thanks for sharing your experience, RDR. I have seen a lot of people complaining about this mortgage company. Even I hope that the company would try to bring in some changes so that they can better their image.

to anyone who wants the gospel truth concernig "midland mtg." contact me via email! they took our hpoes, our drems, our security, our pride, broke our hearts our souls on our dream home we loved, lived, laughed, made 17 years of beautiful memories with our family there, in fact they took away my mother last dyeing wish,they gave my husband a massive heart attack from the stress of misleading us put me in the hospitoal for 19 days, as i was just finalizing the last signitures to finalize my new terms after i worked myself sick with their loss mitigation dept. only to come home from the hospital, to a attornys letter demanding 54,000 in full or in 2 weeks midland mtg. was preparing to foreclose on my home my life my only security! that letter arrived the very next day, they already had a sale date, and because of my unexpected emergency hospitialization, the death of my moma, the brain tumor and disability of my husband and the pending disibility of me, and my mother in law, truth is they took away all the promises once they seen our ilness,s, drop in income and slid a record fast forecloser in on us! you see it was the exact time of the beginning of their lies like all the others they were getting ready to get caught by the goverment! we had pmi insurance protecyion and sold over the pay off amount and had good equity built i still have not recieved 1 penny of my overpayment nor hve i recieved any word on what the insurance protection ipaid for monthly paid to them! the last call to them, i threw up! they asked us, will who told you all to move?????? after i sen a copy fom circut court of the check made to them, and attorny,s fees 5/6 other un called for money changing hands through the courts! but they never ever adised me of any over payment or closing date never involed us in this process at all!!!! no one whould call us back and we never recieved any kind of formal papers itemizing costs or nothing! i only knew i had some escrow ovrage because my neighbor of !( yrs purchased our home and told me we had a su left over and to go and get it! right! i now need a attorny to get my money!!! all this over being behind 1,758.00! so to all of you wanting tio know about midland? you probabblly know more than me by now and i still dont know who when where what why or how they ever got away with doing this to me and my family!!!!!!!!!!!!!!!! good luck hope i saved someone out there!

[email address deleted as per forum rules. thanks.]

when someone hears such kind of experiences from other people one should strictly avoid these kind of companies because plenty of lenders are available in the market.and why one should stake one's health due to these stressful deeds.

I strongly believe that one should always choose the best companies even if I pay some extra dollars per month that is OK but threatening or using malpractices while dealing with customers is really a bad example of business.

keep in touch...

MIDLAND/MIDFIRST BANK have their hand in the cookie jar. We filed a lawsuit in Galveston,Tx in 2008,these bad boys will not honor our 2000 discharge order. The FHA DISCHARGE DEBT was bought by them in 2005,they have attempted to collect by re-aging and reporting it on our credit. It is 2009 and they continue to maintain that it is our. This goes to trail Nov 2009. We have been fighting for 10 yrs. I refuse to allow these bad boys to bully us with a discharge order, NOPE I dont think so. I was injured as a U.S. Letter Carrier in 91, paid 5 yrs on time,never late. So the fight is on. (pgreen019@comcast.net)

These guys are rich and well connected. They make alot of there money losing misplacing payments. They play games with escrow. Then they intimidate the legal represenitives and get them to quit on there clients. I hope some Attorney General collects all the facts on these lower than low scum bags and nails there hides to the wall. Class action please!

they play this game because they want to take control of the property and never care much about the repayment so a loan.

I have had Midland Mortgage for about 7 years now...Ive never been late on a payment EVER and my equity is way passed the threshold to have the PMI removed and I have even had an appraisal done and they still refuse to remove the PMI...I contacted the Federal Trade Commission who handles these complaints but all they do is document the complaint and not resolve them.

thats really sad the way these compnies do business

if you have equity in the house, probably this is the right time to refinance with some other lender and get rid of the pmi

MIDLAND MORTGAGE COMPANY! AS FAST AS YOU CAN, RUN THE OTHER WAY!

I've been with Midland since it was Midfirst in 1989. They have always been helpful and fair. I have had numerous times when paying my mortgage was an issue (divorce, disability of a child, low paying job). They have consistently worked out something for me and didn't make me feel stupid or irresponsible because of circumstances. The last few years, things have straightened out more for me and I only have 10 years to go on the mortgage that they helped me with. By the way, this Midland Mortgage is in Oklahoma, not the one Texas.

are there two (or more) different midland mortgages? are the texas and oklahoma midlands completely different companies? does anyone have an answer for that?

they are two different companies; midland in oklahoma only has banks and centers in oklahoma and arizona. the midland website is mymidlandmortgage.com

they are two different companies; midland in oklahoma only has banks and centers in oklahoma and arizona. the midland website is mymidlandmortgage.com

so the one that does more upright business undoubtedly suffers at the hands of its greedy namesake.

My mortgage was taken over by Midland after the first year. I never had any trouble with the first company, but nothing but trouble with Midland.

Over and over again, they screw up how to apply my payments. I ALWAYS pay the regular amount plus extra on the principal.

They have charged me a late fee because they erroneously put it all as extra principal (thus said I hadn't paid for the month). They did this TWICE so far.

Most commonly they assign the extra money to future mortgage payments rather than to the principal many times. Once they didn't even include the extra money at all!

Just to show how bad this has been, awhile back I finally resorted to mailing them a breakdown of what my remaining principal should be based on what I had sent them. They did correct it, finally, and sent me back one of their rather confusing listing for the prior 9 payments.

Now, keep in mind that there should be, if there are no mistakes, exactly 2 entries for each payment (one for the regular payment and one for the extra money). Would you believe that, because of all the corrections, including corrections of corrections, there were FIFTY-NINE entries!!!???

And it hasn't gotten better since then. The payment I just sent in was, again, had the extra assigned to future months. Last month was the one they didn't even show the extra payment! The month before that they called me, asking about where my January payment was. Since I had come into a little money and had sent in about $7200 extra, I was shocked. They then told me they had received a check on December 31st.

To which I said, "Well, what do you think that was for?" Turns out they had assigned all of it to principal and none to a regular payment! They said they would correct it, but later, when I checked, the money was reassigned but the remaining principal owed didn't check out. I called them again to find out they had reassigned the money, but hadn't assigned it to the correct date that I paid it! So they had to correct it yet again.

I'll be on the phone with them about the latest mistake again tomorrow.

It's a darn good thing I have all my stuff calculated on my own spread sheet or I never would have been able to catch some of their errors.

It will be with great relief when I finish this mortgage. I'm glad I am paying it off much faster than normal - no more than 1 year to go.