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Option One Mortgage

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30 complaints

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Option One Mortgage social reviews and reports. Join community by posting your own comments or complaints.

Option One Mortgage is a company that specializes in providing and purchasing of the subprime home loans. The company was founded in 1995. This is one of leading companies in the subprime residential mortgage industry. Option One Mortgage constantly cares for the training and development of its employees.

The target customers of the company are people with bad credit records and they need special attention and terms. According to the company, Option One Mortgage is always on the side of the customer.

The residential mortgage servicer has a non-profit program called Lending Our Hands that operates due to the special corporate funds. Please try to contact Option One Mortgage Customer Service directly prior to posting any complaints on this site.

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Option One Mortgage Complaints & Reviews

Option One Mortgage Reviews

Dlucasasap
Option One Mortgage reporting "False Foreclosure"

In 2005 I purchased a home and the loan was transfered to Option One Mortgage. Six months later Hurricane Katrina destroyed my home. I purchased a new home and was told I must pay ...

#257020
Aug 22, 2011
160

Anonymous
Option One Mortgage - Option One Rip off

I purchased a home in 2006. Option One was the mortgage company. During the economic mess I contacted Option One to redo my mortgage or I would probably lose the house. Because my ...

#207473
Nov 16, 2010
224

Onepisse...
Option One Mortgage - Class Action Suit Against Option One

Is there is a class action against Option One? Please let posters to this site know they lied and said some borrowers had bad credit scores when in fact they did not - then they tr...

#178578
Apr 16, 2010
708

Tmonaghan
Option One Mortgage - Option One is a Joke!

This must be the worst company on this freaking earth! They billed me 8 months for house insurance at 300 bucks a month. Thats $3600, it took yes 8 months before they stopped. As y...

#163004
Nov 27, 2009
174

Anonymous
Option One Mortgage - This company used bait and switch

The company used bait and switch. The loan was raised four points higherthan the contract stated. The home loan monthly bill went up 500 dollarsnot including penalties ...

#159633
Oct 19, 2009
420

Tom56071
Option One Mortgage - Vets ripped off too

I got ripped off too didnt refinance my loan sold to american mortage they didnt refinance either what *** people buy mortages that dont refinance appraised my house and propert...

#145385
Feb 16, 2009
594

Anonymous
Option One Mortgage - Option one ripping people off

I'm am so stressed and pissed at option one. I was put into a arm saying it was my best plan for the time... and its been nothing but grieve since. I am disabled on a fixed income ...

#143894
Jan 08, 2009
514

Anonymous
Option One Mortgage - Option one ripping people off

I'm am so stressed and pissed at option one. I was put into a arm saying it was my best plan for the time... and its been nothing but grieve since. I am disabled on a fixed income ...

#143892
Jan 08, 2009
344

Anonymous
Option One Mortgage - Option one american home mortgage

Someone help all of us ... option one now American home mortgage are taking our homes deliberatelythey must be stopped ... America has gone to *** in a hand basket with...

#138315
Oct 06, 2008
795

Offpissed
Option One Mortgage

We purchased a home in 2005 refinanced with H&R Block in 2006 then the broker from H&R Block contacted us again in 2007, with a sweet deal to refinance our current mortgage...

#132862
Aug 26, 2008
532

Norma914
Option One Mortgage

Option one mortgage changed their name to American Home Mortgage Servicing. I am still having problems with OOMC or American Home Mortgage Servicing, whatever their name is this we...

#132350
Aug 21, 2008
441

Anonymous
Option One Mortgage - Rip off raise payments

Option one raised my pymts few times a year high now no payment bill come and when i called -it sounds like i 'd get a letter in mail none yet been 3months i send money orders ...

#131816
Aug 17, 2008
605

Ziad
Option One Mortgage - They are cheating me big time

I have motgage with option one for over two years. i always make my monthly payments on time. i decided to pay more money every month towrd the principal to speed paying my loan. e...

#130241
Aug 04, 2008
107

Chyris711
Option One Mortgage- Ready to Join Class Action Suit

Please notify me if anyone is able to start a class action lawsuit against this company. I was able to get a loan modification several yeears back only to have them add $14,000 to ...

#127459
Jul 14, 2008
2516

Anonymous
Option One Mortgage - OPTION ONE SEWER RATS.THEY HIRE MENTAL CASES

Option One reports in error to the credit agencies, even if the spouse, for example, is not on the note; just on the deed. They use inflamatory people on the phone, that use commen...

#127457
Jul 14, 2008
610

Anonymous
Option One Mortgage - Option One is UNSCRUPULOUS!

I purchased a bank owned property from Option One Mortgage last year. The night before the sale closed, a teenaged runaway, in a stolen car ran into the house rendering the house u...

#125168
Jun 24, 2008
746

Anonymous
Option One Mortgage Company

I have a mortage with Option One. We couldn't make the payments, put the house up for sell. Had a contract that would pay the principal + alittle extra. We put 81,000 down, whi...

#124715
Jun 20, 2008
522

Anonymous
Option One Mortgage - Poor conduct by Option One employee

We are financing a townhouse with Option One. They were calling us and insisting and being rude at various times. it was not until the 6th or 7th telephone call that this individua...

#124415
Jun 17, 2008
494

Anonymous
Option One Mortgage - Option one lies, steals, and cheats the disabled

I have had option one for about two years, and due to my illness which is not contagious or curable ... parkinsons. they keep harassing us for payment and late fees along with atto...

#124348
Jun 17, 2008
502

Anonymous
Option One Mortgage - Option One

I am one of the victims here. After 8 years of working hard to keep my dream of homeownership, Option one is returning my payments because I fell behind on a monthly mortgage due t...

#121003
May 15, 2008
581

Anonymous
Option One Mortgage - Option One is the worst putting threats on the disabled

I'm disabled and trying to feed myself, my wife and five children. i've lived in this home for 16 years and always made my payments, they sucked me into a ARM and now its e...

#120453
May 10, 2008
485

Anonymous
Option One Mortgage - Option one harassment

I get calls on the first of the month and I never had one late payment. They answer from India with "Option One Collections" . They are very unprofessional. I finally had...

#120290
May 08, 2008
787

Anonymous
Option One Mortgage - Are we class action yet or what????

I am so sorry that many of you are losing your homes! We too are heading in this direction....my husband is out of work due to work related injury. I laugh..."Option On...

#119291
Apr 29, 2008
1310

Anonymous
Option One Mortgage - Option one mortage foreclosure unfair lending practice's

Option one mortage is a predator and that is being nice. My husbands was off work with no pay due to health issues and we fell behind. After getting calls in the middle of the nigh...

#117535
Apr 08, 2008
1676

Anonymous
Option One Mortgage - Option one stinks, rude, harrasing the disabled

Option one is the worst, they ar saying they will foreclose if we dont catch up, i'm disabled and they dont care, the will not even accept partial payment, if your not caught u...

#117409
Apr 07, 2008
534

Momasway...
Option One Mortgage - Attempting foreclosure, refusing payments, been in home 17 years

After reading many reviews, i don't feel like i'm alone in this anymore. have been treated like a POS deadbeat by Option One. my opinion Option Last!!! returned payments......

#117393
Apr 06, 2008
1902

Glimmert...
Option One Mortgage - Cant speak english

Please for gods sake, get some people on the phones who speak ENGLISH this IS AMERICA!!! BTW, can you camel jockeys not call at 8:05 every godamn day!! and 3 more times after that!...

#116259
Mar 23, 2008
548

Anonymous
Option One Mortgage - Option one

We were paying 600.00 a month it jump up to almost 1000.00 monthly they want us to send information in again to review to see if the can reduce payments . when u call u get people ...

#113928
Feb 25, 2008
911

Anonymous
Option One Mortgage Company

Ever get a call on the 1st of the month asking where your payment is??? Option One Mortage has called me every month for the last 6 months because I use bill pay and the payment ge...

#109854
Jan 02, 2008
1082

Norma914
Option One Mortgage - Option One Mtg

I am so glad we are Suing Option One Mtg. My husband and I hate Option One, they are Rip OFFS! They have ruined our credit for over 2 years. We made our payments but Option One cla...

#109602
Dec 29, 2007
871
Reviews 1-30 of 30

Related Information

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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