1 in 381 Homes Foreclosed on – in August up 25%

For the entire article click here:  http://news.yahoo.com/s/ap/20100916/ap_on_bi_ge/us_foreclosure_rates

 Lenders took back more homes in August than in any month since the start of the U.S. mortgage crisis.

Larry Book of Winter Garden, Fla., was one packet away from a permanent loan modification from Chase under the Obama administration’s foreclosure prevention plan after more than a year of back and forth and one failed attempt.

But his modification never went through. Instead, his loan was transferred from Chase to IBM Lender Business Process Servicers in July and he was told he owed $9,562.62 and must bring his mortgage current by Sept. 15 or foreclosure proceedings will begin.

It just becomes too exhausting,” Book said about the modification process. “That’s why some people walk away. But I’ve invested too much and given up too much to just let it go.”

Most homeowners will NOT qualify because of the “rules”  the lenders and Fannie Mae impose. I’ve stated that before many times.  Homeowners are NOT looking for a handout – just a chance to save their home. 

This is NOT going to get better in September.  Those numbers 1 in 381 SCARE ME.

Dubious Fees Hit Borrowers in Foreclosures

Bankruptcy specialists say lenders and loan servicers often do not comply with even the most basic legal requirements, like correctly computing the amount a borrower owes on a foreclosed loan or providing proof of holding the mortgage note in question.

Loan servicing is extremely lucrative. Servicers, which collect payments from borrowers and pass them on to investors who own the loans, generally receive a percentage of income from a loan, often 0.25 percent on a prime mortgage and 0.50 percent on a subprime loan. Servicers typically generate profit margins of about 20 percent

On Oct. 9, the Chapter 13 trustee in Pittsburgh asked the court to sanction Countrywide, the nation’s largest loan servicer, saying that the company had lost or destroyed more than $500,000 in checks paid by homeowners in foreclosure from December 2005 to April 2007.

This is more that sickening.

for the full atricle click here: http://www.nytimes.com/2007/11/06/business/06mortgage.html?_r=4&hp&oref=slogin&oref=slogin&oref=slogin

Just for you Agent F

I have not posted your comments because I suspected you were working for IBM or trying to solicit business.

 

I have a big problem with most of your comments.  Your comments are mostly wrong and very naive.  They speak from the inside and not from the outside.  I have been in this nightmare for 2 1/2 years I know of where I speak.  

 

Sure I made the original error – but who knew our entire business would vanish almost overnight? No sales no money. Then the economy crashed we got grouped up with “The Bubble” and those that could not afford what they purchased.  24 years in this home not exactly a bubble. 

 

Within 4 months we were back on track ready to pay our mortgage – downhill all the way. Said they sent a package – but had no proof.  Another package – we sent certificated check – signature verification – they never received – yet I have proof they did.  Thousands of pages of documents faxed and mailed – yet they still want more of the same. 

 

I am in foreclosure and have been since 2008. The foreclosure has only been delayed – so you are wrong. 

 

I have an attorney – I have written to every elected official connected to my state and First Horizon – that is how I have gotten the delay.  

Published in our local newspaper just this week – even though I was assured the modification was approved and the publication was cancelled.

 

I could go on and on about my plight – but if you read the earlier posts you would be better informed.

 

I am not looking for a hand out – I just want to keep my home of 24 years.  I have the ability to pay. 

 

I was in banking for 20 years and I have never encountered so many incompetent, rude and just plain stupid people in my 53 years. Whenever they do speak to you – it’s a lie. 

 

I have been fortunate ( if you can call it that) I live in a “nanny state” very strict consumer laws – so my doors have not been busted in, as has happen in some states.  Yeah – read the past blogs.

I also have had the good luck to have a Senator and Representative – that keeps calling and writing on my behalf.  I’ve written to every agency and every committee connected to this mess.

 

My advice is simple –  1. look out for yourself – because the lenders will not.  2. Get a lawyer – there are many that will make the fight affordable. 3. Write to anyone and everyone connected. 

 

You would be shocked at the number of agencies out there that will help. 

 

Those agencies you write about – right up there with the lenders. They are paralyzed with rules and regulations they do not understand in this economy the rules do not work. 

 

Now tell me – where is IBM on my latest fax – about the foreclosure notice being published and letters from their attorney. I am being ignored AGAIN. 

 

Am I angry – you bet!  I am angry at the sheer stupidly and incompetence. 

 

The biggest problem I see (and there are many) is the lack of “follow-up”.  Fix that and you are half way home Agent F.

 

Maybe you do really want to help – I’ll applaud you for that and I’ll post your comments – if they are factual and correct. 

 

Giving people false hope is NOT the answer – be a human being and (kindly) shoot straight. 

Foreclosures up 75%

… And we all believe that this government was going to help prevent this!

We believed that once we taxpayers shelled out BILLIONS to help the banks – the banks would help the taxpayers???

I don’t have a problem with the President taking a vacation – but can you DO YOUR JOB FIRST? 

 Can you work on getting this country back to work?  Our economy is REAL ESTATE – fix this foreclosure mess!

Appearing on the “VIEW” with a bunch of cackling hens – is NOT doing your job.  Get to work or you’ll be getting a pink slip!

First Horizon Home Loan Try These Contacts

Email, Fax, Call them all – Show them  How to Communicate. 

Be respectful – you will not get anywhere if you are rude. Be clear and to the point. State the facts – keep the emotions out.

Send me an Email in the Comments Section of this post –  Let me know how you make out.

I have kept many comments confidential so If you want me to keep the post  confidential I will. 

 Office of the President First Horizon

Chris Bledsoe 1-800-233-1319 fax/voice 1-901-473-6694

Executive Response Team First Horizon

Sally Miller  1-214-441-4545  fax 1-214-441-6030

Loss Mitigation First Horizon

Renzy Birrages  1-800-364-7662 (ask for him)

Amy Belivia  (maybe Delivia) 1-214-441-6087  1-800-364-7662 X 3087

Loss Mitigation Manager  First Horizon

Tim Geleta – google him  belongs to networking groups

MetLife

Larry Cole email  LCole2@metlife.com

Good luck and keep checking back I have more contacts to post.

If you are another lender  I do not want to hear from you – do not send me your ads.

 

 

First Horizon Outsourced to IBM Lender Business Process Services

First Horizon Home Loan – First Tennessee Bank and  Now I have been farmed (outsourced) to IBM Lender Business Process Services, Inc  www.LBPS.com .     

I now have the answer as to WHY – they have not returned any phone calls since April 9, 2010. 

I received a letter today April 19, 2010 “Notice of Transfer Of Servicing Effective May 1, 2010.  Beginning May 1, 2010 – First Horizon will not speak with you and they will not accept payments on and on!  On LBPS website – they are not a lender! If you want to refinance – find a lender on your own!

Here we go again! 

First Horizon Home Loan – First American – MetLife – (back to) First Horizon and now to IBM Lender Business Process Services.

I do believe that First Horizon does not want to deal with me anymore – they do not want to answer my questions.  I am not done asking questions.  I do not like being outsourced. 

I said I would post names today – but I have an appointment with my lawyer tomorrow.  Based on the internet hits for the last time I posted a name… wow!

April 19, 2010 – I left a voice mail on the Executive Response Team phone and faxed a letter to the Office of the President.

No call back!

“What a web we weave once we practice to deceive.”

More to come…

Foreclosure Rates Sore biggest jump in 5 years

I turn on the news this morning and what do I see on the banner on 2 news channels – “Foreclosure Rates Sore in March – Biggest Jump in 5 years.”    Do you think those yahoos in Washington read the same banner?  I wonder how they will spin this.  I’ll just bet  Mr Geithner will continue to state – that homeowner are in fact being helped.

A few days ago I posted that 170,000 homeowners had been helped via the HAMP program – today on those same news channels on the same banner – reported today 228,000 have been helped.  Now what happen?  Are those news channels wrong?  What is the true figure?  What are they NOT reporting that they still have millions of homeowners that have been ignored. If only the banks would communicate and do the right thing.

Why is this just some space on the banner?  Why are they NOT (the media) reporting the full story?  At what point, what is the biggest rate that foreclosures have to hit before it becomes news worthy? 

Update on my own fight with First Horizon – The executive response team –  is not responding. I was to hear from them on Monday April 12, 2010 – I still have not heard back April 15, 2010. 

Hmm… systemic problem here – I think.  If those at the top do not communicate …   Once again, I have kept the line of communication open – I sent 2 faxes with the copied of my missing treasurer’s check – proof of mailing and “the executive response team”  did not bother to acknowledge receipt or call back when the said they would.

FOXNews.com – Watchdog: Obama Foreclosure Aid Leaves Many Out

FOXNews.com – Watchdog: Obama Foreclosure Aid Leaves Many Out

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First Tennessee – First Horizon will they respond?

10 calls since April 1, 2020 – and NO repsonse.

 Why in the world would First Horizon want to foreclose on people who are ready and willing to be responsible after you have received millions of dollars for this very purpose of preventing?

Who are the people being helped by the stimulus plan?    Where is this money going?  Is there any homeowner out there being help? 

What kind of tax benefits does First Horizon receive to garner this type of reckless and negligent behavior?

The treatment I have encountered from your company makes me want to vomit.   Like millions of others,  we  have tried diligently to resolve this, and after many grueling months, credit is ruined and still their answer is to foreclose.  Why, because First Horizon would not communicate.  

Gainfully employed and willing to pay my mortgage  I could indeed pay my mortgage if only First Horizon would communicate. 

First Horizon has sent letters – suggesting we contact HopeNow – what a sham that organization is. 

I suggest that you do a little research on your own company – you will be shock to see what is being  written.

I am waging a campagne on this company – and will tell my story to anyone who will listen.  I’ve written to 19 politicians, (yup, they respond) 7 media outlets (yup, they to respond) I am filing complaints with BBB – Consumer Affair US and MA and they Attorney General of MA.  I’ve even written to AG Holder along with the White House.  I’ve just begun to fight.  I have been patient, respectful and willing to do anything to keep my home.  First Horizon wants to take this home we have had for 23 years – they do not have intention of working with us – they never had. 

I do  know how to communicate – unlike First Horizon and I will continue to fight. 

We live in Massachusetts and I never thought I would see the day a Republic would win a Senate seat.  Anything is possible – even for American Citizens that actually work. 

I would appreciate a response from someone at First Horizon immediately.

Still no response from First Horizon 7 calls later

April 6, 2010

Dear Amy, 214- 441-6039 

            I find this entire situation – regarding the above account beyond just mind-boggling.  I am also tired of waiting for you to do your job. Is this just total incompetence?  You are (at best) totally unprofessional. We are not some for of “sub-human species” that you can just play around with at whim. We are in fact real human beings that deserve to be treated as such.  In the end we may lose our “HOME” it will not be because we did not fight hard – it will be out of gross incompetence, negligence and prejudice on First Horizon et al.  I include prejudice because that it what we are experiencing – yes, we are white, yes we are republicans, yes we are native born American citizens and yes, we actually work for a living.  We are committed to telling our story (to anyone that will listen) of just how First Horizon aka First American aka Metlife has ignored, misstated facts, misrepresented – this list goes on.  We qualified in July, for $ payments (another lost package) now we don’t?  We don’t make enough money. Then we make to much money.

You, Amy – stated “we want 3-4 regular payments then we’ll “stip to mod” – what do you send – 3 regular payments then a whopping balloon – not what we discussed on the phone.  

I am done being patient and respectful. As I said First Horizon is determined to take our home of 23 years so it does not matter how “respectful” I am.    

How difficult is it for you to pick up a phone?  How difficult is it to answer your own phone?

 Since you called me on April 1, 2010 telling me (emphatically) that the documents dated March 13, 2010  (those same documents that were supposed to be dated march 8, 2010 and sent to us overnight – never sent) –“were no good” because you did not receive my treasurer’s check.  You “dismissed” me when I “tried” to explain to you that, yes I did purchase the check, yes, I went to the post office and sent that same check along with the documents. Express mail – overnight with delivery – signature confirmation on March 23, 2010 and that I had proof.  I received proof of delivery March 24, 2010.  You then told me you received this package on March 26, 2010 – the post office disagrees with you. 

 It was only when I took it upon myself to fax you proof.  Then you responded.

Your response was – “I received your fax and I will look into this.”  That call was on April 2, 2010 @ 10:27am.  Since them I have left 2 voice messages. Again, no reply. 

I have all my home phone calls forwarded to my cell.  No chance of missing any calls from First Horizon.  I am reachable 24/7. Let’s not forget email – it is 21^st century.   

Yet, you cannot be bothered to reply.  It is must be a miracle that the attorney for Frist Horizon in Massachusetts  has no problem finding us. We got the  “foreclosure notice.”  Without any problem. First class mail and certified and they even contacted our attorney.  I anticipate another foreclosure notice. 

Just so you know, I am forwarding this letter to the 19 politicians, (yes, they do reply) and 7 news media outlets, Attorney General Coakley, US/MA Consumer Affairs  et al – that I have been forwarding details of our plight.

Good Friday – First Horizon – I’ll look into this missing bank check.

I finally received a call back to my 5 voice mail messages.  Amy, received my fax – with proof and has decided she will look into this matter and get back to me.  What was she going to do before – NOTHING!

I am tried of the waiting – so first thing this morning (4/2/10)  I sent out the following letter.

April 2, 2010

TO:

Senator John Kerry             Senator Scott Brown           Senator John Cornyn          Senator Kay Bailey Hutchison

Senator Harry Reid             Speaker Nancy Pelosi         Leader John Boehner         State Senator Niki Tsongas

State Sen Susan Tucker     State Sen David Torrisi       State Rep Marty Meehan  First American

Governor Deval Patrick                First Horizon Home Loan  Orlans/Moran Attorney

Jake Carlson – HopeNow                                               

 On February 23, 2010 and January 10, 2009 I wrote to each one of you listed above.  I heard from several of you. Sadly most ignored our plight.  We will remember that when we vote.  Those that responded in assisting us in  stopping my home foreclosure. Thank You – we will remember in a positive way – when we vote.

While the foreclosure is temporarily stopped – I am now facing another threat.  I believe that this company First Horizon Home Loan, aka First American aka Metlife – needs to be fully investigated.

I am expanding my list because I believe that if I barrage enough people – I may get some help.  Someone may finally “get it.”  Someone may investigate. 

MA Attorney General Martha Coakley          FDIC                                      Attorney General Eric Holder

MA Consumer Affairs                                        Better Business Bureau     ABC, NBC, CBS, FOX, CNN

Eagle Tribune                                                       Boston Herald                      Boston Globe

NY Times         More names to be added soon                                            

 I refer you to my letters dated January 10, 2009 and February 23, 2010. 

On March 8, 2010 I received a call from (Amy) First Horizon – she indicated that we would be receiving a package (overnight) to include the following:  We were to make 3 to 4 mortgage payments – to show consistency of payments – they then would consider a “stip to mod”.  I called (Amy) on March 13, 2010 – looking for the “overnight” package – Amy told me it was “out of her control” once the package left her hands.”  On March 16, 2010 that “overnight” package suddenly appears on my porch and it is date March 13, 2010. 

This package is now different than what was discussed.  They now want 3 mortgage payments and a whopping balloon.  First payment due March 25, 2010. 

On March 23, 2010 I purchased a bank treasurer check, went to the post office and sent this check along with the signed documents “Express mail overnight by noon March 24, 2010 with signature delivery confirmation. On March 24, 2010 package arrived and was signed for.  All was good, so I thought. 

On April 1, 2010, 8 days later Amy calls me and states we did not receive your check, we did receive the signed documents and they are no longer any good. We received the documents on March 26, 2010 – 1 day late. After 2+ years of – I finally lost my temper. The lies, the inconsistency, lack of return calls, constant mailing of documents, lame excuses, never getting any answers, never speaking to anyone with any understanding of the situation, back and forth between companies – enough. I have proof of purchase 3/23 and proof of delivery 3/24.   I have since left 4 voice messages for Amy, 1 to Renzy Birrage and faxed my copies of  the bank check and mail receipt. I also emailed Larry Cole – counsel for MetLife – I have not heard back.  I predict I will receive another foreclosure notice – soon! It is their practice. 

We know they are looking for any excuse to take our home. We have educated ourselves.  We have done a lot of research and have found that we are not alone.  First Horizon has a very bad reputation for leading homeowners on.  First they do not accept payments “under review – be patient” then they accept payments and in the end the homeowner will lose their home.  We have not qualified for any program – from not making enough money to making too much money.  Hope Now – Hope for Homeowner was a complete waste of time. Very bad information and false hope is all they offered. The list goes on.   

Every program implemented by the Obama administration has not helped. There is always a backdoor out for the banks. The financial institutions will not work with the homeowners –dispute what Sec Geither says on YouTube before congress.  It is clear to us homeowners that the banks prefer to get as much money out of the homeowner as they can then take the house and write it off as a loss.

Foreclosure stopped – HopeNow is a scam, shame, no HOPE

Dear President Obama:

Just so you know – the homeowners out here are NOT being helped. 

Well I’ve been so busy trying to keep a roof over our head I did not have time to post.

I did manage to get the foreclosure stopped.  As I stated in my previous post I wrote to every one I could think of.  Today I am posting those names and how they responded to me.

1. HopeNow – aka AURITON SOLUTIONS  a Government Program set up by the Obama administration to help home owners in my situation.  This is the biggest scam of all.  Not only do they not help at all they are condensing and patronizing.  When I told my counselor I was going to write letters and  fax and send eMails and blog – Mr. Jacob Carlson told me that was NOT productive.  I needed to get the foreclosure stopped by First Horizon.  To concentrate on calling the weekly if necessary.  Not that I had weeks, in fact I only had days left.  He did male 1 (ONE) phone call – a three-way call with First Horizon – that was SO NOT productive.  Christine – she told us “Under Review”.  DO NOT WASTE YOUR TIME WITH HOPENOW – THERE IS NO HOPE USING THAT PROGRAM.  The counselor was to busying belittling me to offer any clear and constrictive help.

2. I sent a fax to First Horizon’s attorneys – the ones that sent me the foreclosure notice and printed our names in the local paper. Orlans/Moran located in Boston.  DID NOT HEAR FROM THEM.

3. Senator Scott Brown (MA) Heard from his office.  They sent a letter and followed up to let me know what was done.

4. Senator John Kerry (MA) Heard from his office.  They got in touch with the attorney for METLFE aka First Horizon. Mr Larry Cole – pretty much indicated that all this mess and delay was OUR fault.  I did sent him an email indicting that I was not taking the laying down – he did not see much success here.  Mindless brainless attorney.  I am not done with that man.  Funny how a senator staff member can get in touch with someone almost immediately and for 2+ years I could not.  Very telling First Horizon/Metlife .

5. Senator John Cornyn (TX) NO REPLY – NO ACKNOWLEDGEMENT.  First Horizon is located in Texas.

6. Senator Kay Baily Hutchinson (TX) – NO REPLY – NO ACKNOWLEDGEMENT.  First Horizon is located in Texas.

7. Senator Harry Reid (NV)  NO  REPLY – NO ACKNOWLEDGEMENT

8. Speaker Nancy Pelosi (CA) NO REPLY – NO ACKNOWLEDGEMENT

9. Leader John Boehner – NO REPLY – NO ACKNOWLEDGEMENT

10. State Senator Nikki Tsongas (MA) Sent a letter – and followed up.  Were not in any way encouraging – never heard of  First Horizon – that’s telling in itself.  Not much help but did attempt.

11. State Senator Susan Tucker (MA) NO REPLY – NO ACKNOWLEDGEMENT

12. State Senator David Torrisi (MA)NO REPLY – NO ACKNOWLEDGEMENT

13. State Rep Marty Meehan (MA) NO REPLY – NO ACKNOWLEDGEMENT

14. Gov Duvall Patrick (MA) (unexpected to hear from him) While his office did not send any letter or make any calls they did offer suggestions. Which were helpful.  A letter from his office would have also been helpful. His staffer sounded like she was 12 years old – she did not really have any concept of what a foreclosure was. 

15. Massachusetts Division of  Banks.  My first call – I was treated very badly a very nasty man who refused to give me his name.  My second call more productive – but the attitude of the workers is just astounding.  Very nasty.  So be prepared to feel like crap after.  They did sent a letter – they did follow-up with me. 

16. First Horizon – NO REPLY – NO ACKNOWLEDGEMENT

17. First American – NO REPLY – NO ACKNOWLEDGEMENT

18. MetLife – NO REPLY – NO ACKNOWLEDGEMENT

19. The White House – NO REPLY – NO ACKNOWLEDGEMENT

Contacted an Attorney – More to come on this saga.  

I will just say this –  all of those politicians that  NO REPLY – NO ACKNOWLEDGEMENT – will NOT be getting my vote.

If this helps one homeowner – then all this posting is worth it.

Today it was announced that President Obama is putting authorizing 14 BILLION in TARP to help home owners in trouble.  He tells us 1 in 4 home owners are in trouble.  I know that I won’t be getting any help – we are never that lucky – we are the hard-working citizens of this country.

The 14 Billion is suppose to be distributed as follows:

1. Unemployed – no problem – adjust the monthly payment for 6 months – if you are underwater – reduce the principal.

2. Anyone in trouble and underwater – banks will have an incentive to reduce the principal.

3. Current and underwater – reduce principle and make your mortgage FHA.

I swear to GOD – this was on CNN and FOX TODAY.  If you think that any citizen is going to be help – you are NUTS. 

It may not be all Obama’s fault here.  The banks are so greedy that they will NOT do anything to help any homeowner. 

I will post another day on what I finally received from Frist Horizon Home Loans – their way of  helping is criminal.  They are thieves and crooks – they have no intention of  helping.  Which is why we now have an attorney.

Keep fighting. Keep writing.

Is it any wonder why we “American Citizens” are anrgy at all our in power!!!