Use this CNN link http://money.cnn.com/2011/11/01/real_estate/foreclosure_abuse/index.htm to find out about your chances for a review.
I just received my letter. If you have not received a letter – ask for a review.
Just to let you all know – this blog is still very active. I’m pretty busy working my butt off – to pay the penalties the lenders imposed on us for NO reason – other than they could and did.
While I may have gotten a modification I do not trust these lenders. I have made 14 payments – not late once.
I’m not done fighting – these bandits need to be held accountable. Those of you out – don’t give up. Write to every politician connected to your state including your state Attorney General, your mayor and your governor. Do not let up.
I don’t know when the White House and all those elected official will finally get the message that this crisis is NOT just about sub-prime loans. This is about people that are in a heap of trouble because of loss of income. Jobs!
You have to fight for yourself and fight back hard.
Follow up on this folks –
NEW YORK (CNNMoney) — Homeowners whose lenders played fast and loose with their foreclosures may be in for a payday.
More than 4 million mortgage borrowers who were foreclosed on between 2009 and 2010 will have a chance to request an independent review of how their foreclosure process was handled, according to Joe Evers, the deputy comptroller for large banks at the Office of the Comptroller of the Currency (OCC).
Now – this is something to follow. Happen to me. Saved out home but it cost us.
Massachusetts Attorney General Martha Coakley said she is preparing to sue some mortgage lenders for foreclosure-related improprieties, including allegations that the companies have threatened homeowners with property seizures and unwarranted fees even after granting them permanent loan modifications.
“To the extent that banks are not meeting their obligations, this conduct is inexcusable and my office will work to hold them accountable,’’ said Coakley, who did not name the lenders she is targeting for litigation.
She was responding to a story in yesterday’s Globe that focused on homeowners who have filed suit against Bank of America Corp., claiming the nation’s largest lender agreed to modify the terms of their mortgage loans but continued to hound them for more money and – in some cases – kept pursuing foreclosures. The suit – which includes two Massachusetts homeowners – was filed earlier this year in US District Court in California. The plaintiffs are seeking class-action status for the case. http://articles.boston.com/2011-10-18/business/30293266_1_mortgage-lenders-coakley-permanent-loan-modifications
“Mitt Romney’s message to Nevada homeowners struggling to pay their mortgage bills is simple: You’re on your own, so step aside.”
Yeah, well thanks a bunch Mitt. He was all for bailing out those banks that are foreclosing on us.
Don’t think for one minuter any politician is looking out to help the middle class. Not one D or R is helping those struggling.
For the full story – http://www.ajc.com/news/nation-world/romney-says-foreclosures-should-1205148.html
The state’s highest court added further turmoil to the housing market yesterday when it ruled that buyers of some foreclosed homes may not be the legal owners of those properties.
The decision leaves in limbo hundreds, if not thousands, of people who bought homes seized by lenders under questionable circumstances. They are left with no easy recourse; among their options are to sue the lender behind the botched foreclosure or “reforeclose’’ on the prior owner.
Foreclosures………..A MUST SEE! Have you ever
wondered why banks are not modifying many mortgages, and instead are
letting homes go into foreclosure?