When my home was purchased in 2004, I had 80/20 loans. Refinanced next year and 2nd to Wilshire was paid off". When refinanced in 2007, ran into problem where Wilshire never sent in Release of Lien to local Recorder's Office/. Called them twice, closing company called them also, and they promised paperwork was on the way?. Some way, some how, that loan finally closed|. Now trying to refinance for better interest rates and closing is being held up because Wilshire lied and never sent the Release of Lien,. Now closing company is trying to deal with Bk;. of America and that is like trying to get a needle out of a haystack!. I'm sure I paid several times over for that Release to be recorded and it never happened:. I think somebody somewhere should sue their a*** off. 1294884



  Comments (3)
1. Written by Candice Yates on January 12, 2012 from norcross, georgia, US
Same exact thing for me! I bought a house when I got married and shortly thereafter was left on my own with a mortgage I could not pay. Tried to sell the house but couldn't in time so I had to foreclose. Now I'm showing that owe $2000.00+ I called the number for Wilshire and was given the number for Bank of America. The guy I spoke to shows nothing under my name, nothing under my SSN, nothing under the address. All I can do is file a dispute with the credit agency. Which from the comments here also seems like a futile attempt. Ugh!! I have worked for 6 years trying to pull my credit back up and this is keeping me from going further. So aggravating! Who would you even sue if Wilshire no longer exists???
2. Written by Michelle on November 9, 2011 from san rafael, california, US
Wilshire Credit Corp reported the Sale of my property in 2008 as a Foreclosure just before Bank of America took over. I am STILL fighting with Equifax, Experian & TransUnion to get them to correct the error on my Credit Report, over 3 years later.
3. Written by Janet Hayes on October 13, 2011 from new london, connecticut, US
I had the same thing happen. Bank of America took over the loan from Wilshire and the Wilshire loan was not recorded as paid off. After three years there has been no change. B of A says I have to deal with Wilshire. Wilshire does not answer the phone or letters. One great company. 

 

Janet Hayes

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