I have posted Sherry’s comments regarding a class action lawsuit against IBM - but I have serious concerns about this.
A class action lawsuit seems to me like sucking up the oil in the gulf with a straw.
Comment from a blogger:
I have trying to get my loan modified since 2008. This weekend I will be compiling information to try and get a lawyer to take the case against IBM LBPS in a class action lawsuit. I will also be contacting local, state and federal agencies along with nationally syndicated news broadcast and newspapers to make this known. I am asking for everybody to send me a 1 page word document with your story with timeline and crucial details, but I don’t need personal loan information or anything like that, just your name and maybe your e-mail address or some way of being contacted. Any and all information will hopefully help us. I can be reached by phone at 208-584-3170, I am a stay at home mom so no calls after 10pm. My e-mail is email@example.com.
What first comes to mind is - If you have having difficulties making your mortgage payment now – where will the money come from to initiate this class action lawsuit?
Why IBM – since they have only been involved since April 1, 2010? It seems to me that the bad guys are MetLife and First Horizon Home Loan.
While I appreciate your enthusiasm – we on this blog have been at this for quite some time. I think that this is false hope. People need action today – do not waste precious time in a class action lawsuit that may never get off the ground.
So unless you give more concrete data and details – count me out. I’ve been making progress.
This blog is about my plight with foreclosure and providing concrete data and useful ideas for homeowners in a similar situation to use.
What you do not understand it that NO lender has to modify your loan- Obama has now given them more reason to modify – with cash incentives. Still it’s not a sure thing.
My best advice is to get a lawyer – continue to contact those elected officials – keep hounding then with letters, emails and phone calls. Use facebook, start your own blog, send to local TV and newspapers dont’ forget the big guys on TV like Fox Business, CNN Money and CNBC they are the ones to get riled up – not the lazy networks with a 30 second soundbite.
I have received a followup from my Senator Scott Brown and Congresswoman Nikki Tsongas just yesterday. Plug and chug everyone. Chip away send letter or eMail a day and you won’t get frustrated.
Sherry – flooding my inbox is not helping your cause.