MGC Mortgage

MGC Mortgage MGC issued a 1099 on a foreclosed property for the full amount of the loan. PlanoInternet, Texas

7th of Mar, 2011 by User857647

After many attempts at trying to modify our mortgage with MGC with no success, MGC foreclosed on our property in Colorado. After they sold the property, they issued us a 1099 in the amount of the total balance on the note before it was sold. It was as if they recieved no money for the property. It is virtually impossible to speak with the same person 2 times on the phone. We find ourselves in position that we cannot file our income taxes. Has anyone had a similar experience or know an attorney that handles these types of issues?

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Comments

4902 days ago by MGC Rep

As an authorized representative of MGC Mortgage, I ask the customer who posted this complaint to contact us directly at [email protected]. We will be glad to work with you on this issue.

Thank you.

4712 days ago by Brat

Do not respond to this email as MGC has instructed you to do. They will rook you. They are hovering over complaints like this, trying to head them off at the pass. This email heads straight to their attorney, Erica Thomas.
Send them certified correspondence, demanding an explanation and take this matter to an attorney. You should have not received a 1099 claiming that they had been paid nothing.