I was facing foreclosure and I made numerous attempts to save my home. I declared bankruptcy several times chapter 13 and was discharged many times. I faced a multiplicity of problems which included caring for a parent, a sick relative, and sick sibling. Unfortunately, I was diagnosed with Cancer twice while I was trying to save my home.
However, this summer while I was recovering from Cancer for the second time, Blue Hub Sun provided me a lifeline. The professionals at this establishment were honest, realistic, and offered me hope with my home situation. They provided me with step-by-step instructions, yet never giving me false hope. Finally in December of 2023 my dream came true my home was officially out of foreclosure and saved through Blue Hub Capital.
This nonprofit is so far from being great. They are greedy and disguise themselves as "nonprofit". They tell you they are there to help. They tell you stories of how good they are. They purchased my home and sold it back to us for an additional 25%. The interest rate was 6.375 when normal rates were 3.375. Then told me I could refinance in one year. That was yet another lie. When I tried I was told that no refinance was possible for 3-4 years. When I went back I was told I had a second mortgage with no amount attached. It would be 52% of the equity. I would need a loan greater than the 80% of the value of my home. By then I was so shocked and just wanted to get away from them. I called to clarify how they were calculating because it didn't make sense. They said you'll pay every penny we say or you won't get away from us. So I borrowed money to make up the difference so I could get away from them. If you are in a bad situation you are better off losing your home and starting over then allowing them to "help" you. They will help themselves to your equity and you will end up worse off and held prisoner.
I was facing foreclosure on my home and after numerous failed attempts to work out terms with my lender, I began looking for other resources that might help save my home. I came across Bluehub Capital, and right from the onset, they were caring, compassionate, and professional. I knew I had come to the right place, and they didn't disappoint. Feeling helpless and afraid, I had all but given up hope of having any success in saving my home from foreclosure. But, the team (Mariel, Lorraine, and Dan...just to name a few) were the consumate professionals and my saving grace. I had an amazing experience with the service provided by this company. The staff was not only professional, but they were incredibly caring, knowledgeable, and went above and beyond to make sure my needs were fully met. I couldn't be happier with the level of service I received and would highly recommend this company to anyone facing foreclosure and looking for top-notch service.
Justin DeAngelis and associates are very good with explaining Bluehub Capital neighborhood stabilization program. He is very good with communication, and is very helpful throughout the process. providing emergency assistance to stabilize communities , and to assist households to avoid foreclosure.
The program works and is not credit driven. Anyone interested in saving their home, should contact BlueHub Capital. The company is maintained by a strong and knowledgeable staff, so you can be confident in both the process and the results. I have work with several individuals, who are very pleased to have signed up to save their home. This program works!
Sometime in your life, you may run into a devastating circumstance, and you would hope that someone would come to help you who is compassionate, knowledgeable, and trustworthy to resolve the financial crisis you are facing. Everyone's experience may be different for various reasons, but this was our only way.
Our experience with BlueHub Sun was a surprise genuine gift that I was at first reluctant to believe. So many agencies, attorneys and relief organizations tell you they could help you when faced with threats of foreclosures or balloon payments on your mortgage, but fall short.
So, when my husband informed me that he saw something on instagram, I replied, is it another organization that wants to take our little bit of money and tell us, we can't help you? After looking at the website, reading reviews of people who experienced BlueHub, I said, okay, let's give them a try.
From the very beginning, working with Scott, who introduced us to Vivian, an experienced real estate agent, they both spoke our language, and we were hooked. While Vivian began to work with our old mortgage company, Scott checked in with us, we then began working closely with Dan and Lorain who reviewed the process of what was needed to continue. Every person we spoke with from that point on was extremely professional and a true blessing to us. After fulfilling the requirements, sending them everything they needed from us, the final days were nerve racking, yet believing that we might make this work. Our final blessing was working with Meriel, who made sure we had everything in place, double checked with us, worked as the liaison between the village we lived in, the attorney affiliated with the closing, and everyone connected to finalizing our opportunity to become homeowners again. She was God-sent!
Second chances are possible when you are working with the right organization such as BlueHub which we feel is governed by God. We are eternally grateful for the experience we had with BlueHub Sun and recommend them to anyone who has no other options, and needs help as we did.
We now OWN our own home again!
Sincerely,
Deborah B - Illinois resident
Blue Hub Capital - Sun Program - PREDATORY LENDERS
Please do yourself a favor and steer very clear of this lender. RUNNNNNN!!!!!!
When you find yourself in a Hardship situation with your mortgage, DO NOT TRUST THESE "FOR PROFIT" lenders to help you. They prey on the lower income, black, brown, elderly and anyone else they can convince that they can HELP.
I have tried to refinance my home twice in the last 5 years only to be denied and find that they are expecting 58% of the equity in my home. The first time I tried, 3 years ago, They said I would owe them around $32,000 at closing and now, when I attempted to refinance they want $67,000 DOLLARS!!!
Yes!!!! You read that correctly... $67,000 US DOLLARS - Keep in mind, I have made some improvements over the years. (They supposedly "credit" you 75% of any improvements you have made to maintain your property) If I had made no improvements to my property, they would be asking for $80,000!!!!!!
They acted like they were doing me a favor with a $13,000 credit. HAAAAA!!!! SO FAR FROM THE TRUTH!!!
KEEP IN MIND, When I was introduced to these people - through a HUD Housing Counselor - I was, as many are, seeking help. I was a single parent with 4 children trying to save my home and keep a roof over my children's heads. I was stressed, experiencing a financial hardship, facing a foreclosure, vulnerable and desperate!!! As many are when they get to the point of seeking Government Help. I was in a bad place mentally. When I went to GOVERNMENT HUD counselor to get help, I expected just that - HELP!!! NOT an everlasting FINANCIAL BURDEN!!!
Now, enters Blue Hub Capital and the SUN Program to the rescue... presenting that they will help you SAVE YOUR HOME.
They never tell you that you will ultimately relinquish more than half of your equity with NO CAP...No CAP...NO CAP!!! My interest rete was 6.375% at a time when the rates were well around 2-3%
That means they are taking your money twice... I have paid nothing short of an INTEREST HEAVY loan and minimum towards my principal since I entered this program.
IN SHORT, THEY GET PAID TRIPLE WHAT THEY "HELP" YOU WITH. THEY GET MONTHLY INTEREST FOR YEARS KNOWING THAT YOU MAY NEVER BE ABLE TO REFINANCE YOUR HOME. IT IS A WIN WIN FOR THEM...THEY GET PAID WHILE YOU'RE LIVING IN YOUR HOME AND GET PAID THOUSANDS IF YOU SELL OR FIND A STRATEGIC WAY TO REFINANCE YOUR HOME!!!
PREDATORY-PREDATORY PREDATORY!!! LOAN SHARKS HIDING UNDER A NON-PROFIT UMBRELLA BUT RAPING HARD WORKING PEOPLE OF THEIR EQUITY PUT INTO THEIR HOMES.
I feel as though I went from being a homeowner to a renter masked as a homeowner. No matter what I do and regardless of how much equity I accrue by paying my mortgage to them monthly - I am STUCK - because according to the "Subordinate Mortgage Agreement" They will still get 58% of "MY Equity". They are SNAKES and this should be ILLEGAL, It IS PREDATORY LENDING. THEY HAVE EXECUTIVES WORKING THERE MAKING OVER $700,000 EACH YEAR WHEN THE PEOPLE THEY SUPPOSEDLY "HELP" can barely making ends meet.
My Refi was DECLINED... If you refinance, the bank will only provide an 80% LTV Loan. With that being said, After I refinance, there is not even enough to consolidate any bills and my mortgage will go up over $650 just to cover what I had to pay them from this GLORIFIED SUN PROGRAM. This makes absolutely NO SENSE!!!
NOT TO MENTION - I filed a complaint with the Attorney General, only to have them respond with the most negative reports and complete defamation of character... They responded with information that they had to research in my financial history that had NOTHING to do with this loan or program and was prior to me applying with them.
Moral of this is...I would have been better off Foreclosing, renting for a year or so and buying a NEW house!!! PLEASE DO YOURSELF A FAVOR AND RUN!!! RUN!!!! RUN!!!! IN THE OTHER DIRECTION.
A PERSON'S HARDSHIP SHOULD NOT BE AN OPPORTUNITY FOR SOMEONE TO COME IN LIKE A SAVIOR ONLY TO BETRAY/SNAKE YOU IN THE END.
I have a mortgage with BlueHub Capital when I tried to refinance i cane to find out that I owe them 57% of my equity in my home basically I will have to give them over 175,000 to refinance my home. Which is more than they paid to help me save my home . They added 30,000 off the top and an interest rate of 6.375 over the past 9 years I've been paying faithfully but now know to refinance or sell my home they'll be getting 57% of the equity. Bluehub Capital put the predator in predatory lending.
Recently my wife and I reached out to Blue Hub Capital to request a loan modification and we were fortunate enough to work with Mr. Jonathan Coakley, Loss Mitigation Manager. Throughout the process Jonathan's demeanor was extremely friendly and professional and he made what was a very tense situation for us a very pleasurable experience. Our loan modification was approved and we highly recommend the services of Jonathan Coakley and Blue Hub Capital to meet your mortgage needs.
My wife and I moved into my father-in-law's apartment in 2018, and due to the high interest rate of over 6.5% that we were paying towards this mortgage with BlueHub, we wanted to refinance. Refinancing would have also allowed us to add our name's to the deed. We found out through this process that we would have to pay off a second mortgage in order to refinance - a "shared appreciation" - in which we would have to pay an additional $30k on top of the principal mortgage. This $30k amounts to 47% of our equity, which means that the $55k we currently still owe from our principal, would have this $30k added to it, totaling over $85k that we would have to pay off with a new refinanced mortgage. This share of equity is one of the central ways in which BlueHub has taken advantage of homeowners in danger of foreclosure. Like so many other homeowners who are apart of the current class action lawsuit against BlueHub, pretty much all of us were never informed of the SA mortgage that we were signing onto. And just like many homeowners, my wife and I have decided to not refinance since we can't afford to pay many thousands of dollars in shared equity. The mortgage documents my father-in-law signed, do not explain in any clear detail what this SA mortgage is exactly, which is similar to the experience of many other homeowners, who were all deliberately kept in the dark about this second mortgage when initially signing on. Many homeowners were even pressured into signing while meeting with BlueHub. BlueHub has manipulated it's homeowners and taken advantage of them while in the precarious situation of facing foreclosure. Beware of what you are facing with BlueHub, they will steal your financial future.
I am living in a crowded house. I would not mind if it was my elderly relatives, or helping out a friend down on their luck, that would be a privilege. My infestation is from BlueHub Capital, who holds my mortgage. In 2012 I bought my house from them because they claimed the banks would not sell my home back to me because I was foreclosed on in 2010. They sold me a new mortgage on my own for $155K. I thought great, I could move back into my home raise my family and pick myself up again and move forward with my life. This was what I thought second chances and BlueHub stood for. In 2018 I qualified to refinance a new mortgage with an interest rate less than the 6.375% I was paying BlueHub. The refinancing company told me I had a second mortgage. When I contacted BlueHub I learned I had this second mortgage from a part of their company NSP Residential I never heard of. The second mortgage, called a Shared Appreciation Mortgage says I would have to pay BlueHub Capital 42% of any equity value in my home. I could not believe this, I was never aware I had to pay this, my paperwork said there was no prepayment penalty. After I had my appraisal done, in order to refinance I would pay off the balance of my first mortgage and then pay an additional $49,000 to BlueHub from this Shared Appreciation Mortgage. After 6 years of paying my mortgage lowering my balance, paying my taxes, water bills, all the upkeep on my home I had to pay BlueHub $49,000 to get a better mortgage! I thought I was the only investor in my home. No one else is around when I do all the work and pay all the bills to maintain my home and BlueHub wants additional money? They are unwanted guests and I am held hostage to this mortgage. What really bothers me is their attitude. In the beginning they said they would help me, I went through their screening process. When you begin to press them with questions … what is the purpose of the Shared Appreciation Mortgage, why do they not fully spell out the financial loss implications to homeowners, why are the Shared Appreciation Mortgage percentage so high, why do they think taking homeowners equity fair when BlueHub claims they do not want to be in the mortgage business. BlueHub response is cold and they talk down to me as if it is my fault, like I did something wrong. They actual wrong I did was believing they cared about giving decent people like me a second chance. This program is only for their benefit. Yes, my house if crowded with a pay or stay greed program from BlueHub Capital. I would never, ever, recommend BlueHub Capital to anyone actually looking to keep their home, raise their family and have their home be their sole investment. When you think you are a true homeowner again is when you find out that you are just a long term renter. Run the other way! Shame on you BlueHub Capital!