The Time Has Come to Unite as One & Monitor Mortgage Servicers

[so-cal-gal]

I was thinking about the CBS thing done yesterday. That was from Arizona. And the results said that Arizonians would be helped first.

What if we split up by state and ask local CBS affiliates to do the same thing for each state. We pick a day and bombard CBS, asking them to follow suit with KPHO.

Thoughts?

I am in contact with 7 other victims of the "modification-contract-never-honored-or-implemented" scheme in addition to my own case, all are with BofA. Of those cases, only 2 are signed up to loansafe.org to my knowledge. This site has not 'popped' up on their searches for help. My posts elsewhere have brought us together. I'm trying to get them all to sign up with loansafe.org. Some people are told the contract they signed was 'canceled', while others hear various other 'excuses'. None of the actions by BofA were above board on their refusal to honor the contracts.

In the mean time though, I feel I'm trying to speak for cases in AZ, VA and CA (3 cases). One case in another state has settled. A member here at loansafe is located in NE and is having EXTREME difficulty hiring an attorney. BofA will not negotiate until they are served the actual law suit.

Until I can get the rest of this little group that found me to all join loansafe, I don't know how easy it will be to have these cases also treated properly by the lenders.

If I had an attorney's name for each of them, I could put in a contact request for them.

One huge problem is that some of these victims are not only hearing the BofA people claim that they "did nothing wrong", but they also encounter skepticism in finding attorneys to deal with the case. It is actually BASIC CONTRACT LAW that is being flagrantly broken.

Those of you in search of a modification contract may not realize the significance of these cases to YOUR effort. What if YOU get past the gauntlet of the application process only to have the contract YOU are offered NEVER IMPLEMENTED when you FULLY COMPLY?

You guys each know that you should be getting qualified for a modification contract. What people DO NOT KNOW is that the actions taken by the lenders in refusing to IMPLEMENT the offered CONTRACTS are ILLEGAL.

THAT KNOWLEDGE is not being put out for public consumption in enough places. We need to get THIS part of the story onto the actual news PROGRAMS so that people even KNOW that they have been SCAMMED when the contracts are not honored and implemented.

[so-cal-gal]

Since 9/5/09, there have already been 707 unique hits to "Countrywide California Attorney General Settlement - BEWARE of CW Cancelling Loan Modifications WITHOUT Notice" as of this morning.

The post now needs to be broadened to cover non-CW AG, non-BofA contracts per Paul Molinaro's comments.

CW/BofA may have been the 'proving grounds' for this tactic.

[caldwell02]

so-cal-gal. Thanks for your post. I have not (after 9 months of trying) been offered the trial mod yet. But I KNOW that unless things change, my efforts at changing bogus denials into mods will result in the trial mod from hell that people have been talking about here. My personal fight right now is at the just getting approved level, but thanks to Loansafe I am aware of what to most likely expect if I do get a trial mod. When it's time to push regarding Chase, I am ready. If we decide to push in general - not one specific bank - I am there. When we can figure out how to pay Moe not through paypal (I have a personal boycott re: paypal) I will give what little I can give. I am well aware that this fight includes us all.

[fastclr]

Cash for homes up to $4500 to be applied to late payments and fees associated with distressed home owners. The amount paid to bring the loan current will be added to the back of the loan. By doing this, it is not considered a hand out by those that have made their payments on time, all the time. This gives the home owner a onetime second chance to recoup after being disrupted by a temporary job loss and a opportunity to reevaluate their expenses and make necessary adjustments. It allows the homeowners to avoid the complicated process in loan modifications. The financial institutions will be aided by placing many loans for them current again. A possitive and emmediate effect will be seen as many homes will no longer be empty and a majority of financial institutions will have current loans that are not in defult.

Cash for homes that homeowners recieved and applied to their loans would be paid back by the financial institutions in a period of up to 5 years.

The Financial insitutions will still recieved stimulus money, but through the homeowners, this will differ the mortgage loan meltdown. A majority of these home loans will continue to stay current and the banks will be left with many current loans in the future, instead of loans if defult and foreclosures.
<O</O
4 billion divided by $4500 per home is over 888,000 homes saved. 888,000 homes @ an average mortgage of 175,000 is equal to over 155 billion in home loans now made current instead of being in default. All this could have been done for 4 billion.
<O></O>
40 billion would have brought up to 1.55 trillion in bank loans current.

Imagine what 700 billion would have done!!!!!

Something needs to be done to draw attention to the fact that this many people are having problems dealing with thier lenders.

[Maurice Bedard]

Count me in folks.

I knew we could count on you Catherine!!! I love the ideas and will seriously consider implementing them. Thanks for the input.

PS About anyone's past there is a reason it is called the past. We all have them.....some just didn't get caught, myself included. It usually takes a rough past, reactions to childhoods to step up and decide you don't want that life repeated with your own family. Anyone who has lived it knows it is hard choice to decide it is time to quit blaming your past and make your future. Once you have done that it does come back and bite you in the butt, however only if you let it. It is called growing up and learning lessons on the person you want to be leaving the crap handed to you as a kid and your reactions to them behind you. It takes guts to stop for the young kid decided to love their family without repeating the past. Any judgements need to be how proud a person should be of themselves for making those changes. Whatever anyone's past is and frankly it is none of my business I look at the person today and what is in their heart. I have to say it takes a REAL man or woman to be ready to have that exposed while still willing to help a family for they know just how important having a good one can be. With tears in my eyes that says it all about anyone here!!

This was just poetic. Such great people here on LoanSafe all fighting for the common good. Have a great day and weekend!!

[Maurice Bedard]

Great ideas, but the banks and their executive made out with that cash. I was thinking more like a boycott and lawsuit. Just basically get all the money back and have a "do over."

I am moving this to the Unite and Fight forum

[caldwell02]

HI all. Just to give you my updated list of who I have contacted:

Congressman Thompson - CA. Talked with his local representative three times after she called in response to my faxes. They sent my first faxed letter to Tim Geithner. Then when I sent an updated letter they sent both letters to the Comptroller of the Currency stating, in part "regardless of the merits of her particular loan, such a poor level of service recounted in these documents is shocking. Thank you for your prompt attention to this matter."

Senator Boxer - She sent my letter on to the Comptroller of the Currency. Not quite as forceful as Thompson's letter, but at least now he has two (and soon three) from me:

Comptroller of the Currency - I just sent him a letter on my own behalf today.

Senator Feinstein - tried, but can't get through other than form responses. Will try again soon.

President Obama - tried two faxes. No response. Does anyone out there know a way in?

I've sent in responses to Huffington Post and CNN when they have articles I'm aware of. I've sent two e-mails to Jamie Dimon, CEO of Chase, but they only resulted in the executive team cutting me off (after I told Dimon I was also working with NACA).

Also - is there any reason we should be focusing on the Senate Banking Committee?

I'd like also to know how to get through to Bruce Marks of NACA, because I'm having some issues with them.

I also started working with Auritron, another nonprofit. I'll let you know if anything comes of that.

Let me know when there is a sweep I can participate in!

[faith]

I knew we could count on you Catherine!!! I love the ideas and will seriously consider implementing them. Thanks for the input.



This was just poetic. Such great people here on LoanSafe all fighting for the common good. Have a great day and weekend!!

Moe,
I would like to share the following verses that I found in the Bible which is very encouraging and comforting:

"Brothers, I do not consider myself yet to have taken hold of it. But one thing I do, "Forgetting what is behind and straining toward what is ahead. I press on toward the goal to win the prize for which God has me heavenward in Christ Jesus. - Philippieans 3:13-14.

We can do everything through Him who gives us strength.. -Philippians 4:19

"Come now, let us reason together, says the Lord. "Though your sins are like scarlet, they shall be as white as snow;though they are red as crimson, they shall be like wool.- Isaiah 1:18

I, even I, AM HE who blots out your transgressions, for my own sake, and remembers your sins no more. - Isaiah 43:25

God has said, Never will I leave you, never will I forsake you. So we say with confidence. The Lord is my helper; I will not be afraid.
What can man do to me? - Hebrews 13:5-6.

I pray that God will be with all of us wherever we are and wherever we go, that He will bless our families, our plans, our hands and whatever we touch will be a blessing. That He will unite us in one spirit and one accord and bind us with love and cord that can not be broken.

Lord we pray that you search our hearts and forgive us for anything and everything we have fallen short of your Glory and cleanse us from all unrighteousness. Please be our arm and strength, be our mouth, help all the single Mom and Dad, help all the struggling homeowners to win this battle against greed and corruption. Help each homeowners in their fight with their lenders regarding their request for Loan Modification, Short Sale or whatever they maybe. Help us to set aside our differences and teach us to fight a good fight against these sharks controlling this country.

Lord have mercy on us, have mercy on all the struggling homeowners. Raise godly men and women that will help each and everyone of us who needs help in this time of crises. I pray that you will guide Moe, Evan and attorneys in this forum do the job that they all want to do. They want to help people, who are victims of this tragedy. Lord we want to help too in any way we know how, but we cannot do anything without your blessings, we cannot do it without your guidance, this Battle belongs to You and we give all these battles to You.

I pray that you troubled the hearts and minds and convict all the lenders and services including Bank of America, Chase, Countrywide, Wellsfargo, National City, Fannie Mae And Freddie Mac and all the lenders, banks and the CEO's and President of these companies. Give them all a heart of compassion, a listening ears to hear the cry of their hearts.

Open the doors of opportunity for these to happen, that you will provide the tools, the needs of all the loansafe members, Moe, Evan and everyone involved in this fight. We give you all the glory and honor and we thank you now, In Christ name, I pray. Amen.

May the Peace of God that surpasses all understanding will guard your hearts and mind God bless you all!!!

Sincerely,
Faith

[Maurice Bedard]

These were great Faith. Thanks so much. What a way to end my day and this is my now favorite verse:

"Brothers, I do not consider myself yet to have taken hold of it. But one thing I do, "Forgetting what is behind and straining toward what is ahead. I press on toward the goal to win the prize for which God has me heavenward in Christ Jesus. - Philippieans 3:13-14.

Lets march forward Monday with the new plan for LoanSafe. God bless and peace!

[SillyWorld]

This is downright SICK, now CHASE is charging for MOD Faxes and check out this member and the fee's charged for a FAX

What in the H$ll is a "Fax Fee"

[Mandy]

Hi everyone,

Mandy here!!!!!! Sorry, but somehow I just found this thread, I have been working too much these past days, I'm a high school teacher. As with any other job, less faculty and yes MORE STUDENTS in class....

Anyways, give me my homework. I just read the first page. I will read the other ones and inform myself.....

Thanks!!!!

[Mandy]

Moe,

I have an idea, I know for a fact that we need to let the Spanish speaking community know about this website, but in a way we need a Spanish section.... I am ready to help with that, you let me know if you need any translations. I know that we can get some people here, because I have read posts from other websites and they don't know what to do. Let me know. Southern California in the house......

Maybe we can have other languages as well.

I am going to be honest with you, I am addicted to this website..... Thanks for all the support and thanks for being there when I really need the help.

[davephx]

IF this info hasn't already been posted it may be helpful - Treasury Draft HAMP Servicing Guidelines : Subjective vs. Objective Standards?

It has some really good ideas as does this thread about trying to organize.

What we need isn't processing folks working with us but someone who can actually solve problems. In my case I am at my wits end after 6 months of screw ups by CitiMortgage servicing my Fannie Mae loan. I have mentioned it briefly on other threads and have a post pending in the Citi section for mod approval which is a date by date documentation that most people would not believe how bad Citi has handled my situation and probably many others for the last six months.

BUT back to the Guidelines again I haven't had time to read thousands of posts to see if this has been mentioned but.

GOOD IDEAS in it:
1) A COMPLAINT RESOLUTION PROCESS - YES!!!! Someone SEPARATE from Loss mitigation. And if not resolved a FEDERAL AGENCY ESCALATION process!

2) A single point of contact with reporting matrics.

3) Every Fannie Mae and Servicer directive keeps repeating this and here it is again the requirement NOT SEND TO FORECLOSER extensive discussed. This is my big issue - the "sneak" foreclosures going on where they tell you all is well be happy and the next day your home is sold with no notice in violation of every prior directive and here it is discussed again. I don't know how many times they have to say STOP FORECLOSURES before servicers actually stop them which again is my terrifying issue.

The draft from Treasury was issued the pre-release July 20th 2009 but I can not find current status. It has been called:

All the President’s HAMPmen -
Screaming from the Rooftop of the White House!
[New July 2009 HAMP Guidelines & Special Treasury Meeting]
[HAMP Foreclosure Forbearance – Supplemental Directive 09-01]

A summary is posted on many sites including:
http://www.procouncil.com/The_New_En_Masse_Hamp.pdf

Lets home its in time for some of us at risk of a foreclosure sale

[dee1432]

To all beloved loansafe members,

I'm a filipina, single mom of 4, been here in the states w/ my then young children since May of 2001. Presently, have been working to much too trying to hold 2 jobs in the casino in Atlantic City. I am also in the learning process about living here in the U.S. such as; building credit history and etc. to be able of course to have a piece of the so called " American dream" in my over 8 yrs. of stay here, everything was overwhelming especially the present economy. And of course come winter time business in AC will go slow w/c means reduce working hours, with this recession it became worst. I am still trying to hold on to my sanity to proove to myself and my children that I am a strong woman, a mother and will always be able to tackle all the challenges in life like this one. Thanks to loansafe I became stronger.

I and my children use to live in Tokyo, Japan for 14 yrs. before coming to the U.S. in 2001. I thought to myself what is 8 yrs. here compare to 14 yrs. in Tokyo. It's the worst feeling of reality being in our mother country, that there is no more security, to see how bad and greedy people can be that cause the main factor of collapsing one of the most powerful nation. Tsk, tsk, embarassing ain't it. Well, I think they dont care as long as they have it all or as long as they were on top of all of us, taxpayers, we are just one of those numbers to them. Oh well, when is it gonna end? And when is it gonna be the time for them to really recognize us, that we all deserve to have at least a piece of that so called "American Dream". We are not asking too much isn't it? Can we have at least a roof on our head most especially our children "Our future".

Obviously, I want in, but dunno how I can help, I can sign my name tho, for any petition. (?) I also, advice my co- workers about Loansafe and Naca.

Atlantic City, New Jersey here folks.

P.s. My grammar under your correction. lols ..I just came home from work, and I am still on the the page 3 of this forum, will just keep up later !!!

[Catherine]

Good morning All!

Reading all these posts is the best way to start my Sunday! Moe, glad my words touched you. You run very deep my friend!! Faith, that prayer is so awesome I am printing it up to tape next to my computer. Caldwell02, your amazing with how organized you are on contacts and following through. Perhaps taking lists like that and flooding them would get much needed attention. There is a web site to contact Washington. I got on their mailing list, replied several times only to get a generic response.......from Obama himself. My reaction to that I think is called a rasberry?? If you don't already have that and would like it please let me know. Oh and I'm sorry if my comments about union dues or paypal were out of line. Ideas jump into my head with very few marbles left Mandy, reaching out to the spanish speaking community is like wow your right what a great idea. Dee, your story is an inspiration to all of us. I hope this country gets turned back around so dream's for a better life can be found here, yours included. Far as grammer goes Sweetie, yours is way better than mine Happy Sunday, Catherine

[nativelasvegan]

FYI - The Senate Banking Committee is holding a hearing tomorrow in NJ "Helping Homeowners Avoid Foreclosure". All you Citi people might want to check this out. This guy will be a witness: Mr. Bryan Bolton, Senior Vice President, Loss Mitigation, CitiMortgage.

United States Senate Committee on Banking, Housing and Urban Affairs : Hearings

[bloominga]

I'm a newbie but does this come close to what you are looking for??

https://www.hmpadmin.com/portal/docs...iver082609.pdf

[bloominga]

https://www.hmpadmin.com/portal/docs...cer/sd0901.pdf
https://www.hmpadmin.com/portal/docs...cer/sd0903.pdf

[so-cal-gal]

Several weeks ago in another thread, I had brought up the topic that at least the CountryWide loans had likely targeted the lower social-economic strata of our populace and that we needed to be able to reach the people in all such groups - regardless of whether they are members of an actual minority group.

Regardless of cause, ANYONE who does not understand the laws and regulations that SHOULD be protecting us needs to be alerted to the shenanigans the lenders are perpetrating.

Consider what each of you would be doing now if YOU did not know how to find the resources our group is now making use of on the internet. There are likely to be borrowers who are being ripped of because of lack of education or language barriers and/or access to peers who can help them.

With the modification contracts that have been issued and then reneged on WITHOUT CAUSE, even well-educated people are having problems finding the resources to help with an accurate determination of whether there is grounds to FIGHT for the contract. I have encountered well-meaning, well-educated people who were absolutely clueless on the fact that the banks have turned the refusal on their part to sign the contract into an actual SCAM.

Obama needs to alter his plan, putting in place a test that ALL lenders/servicers MUST follow BEFORE they can advance ANY property for foreclosure. Get that word out to ALL the media and back it up with REAL oversite.

This test would be one that requires lenders/servicers to work with the borrower to determine if there is a modification to their mortgage payment that the borrower could afford to pay. Only if the borrower was TRUELY unable or unwilling to make the resulting payments would the lender be able to foreclose on any property. The modifications would need to have some standardization of what would be offered and it should still target keeping the payment within 31% of the borrowers income.

If the property was 'underwater' in value, the lender would need to write-down the loss in the offer to restructure the mortgage. A comparison to what the lender could actually sell the property for and the mortgage payments that would be required should be considered. Put the current borrower on an equal footing with any potential 'deal' that a new buyer would get if the house was foreclosed upon.

Yeah, that will exhaust all that TARP money the lenders are sitting on. At least I HOPE it does!

[so-cal-gal]

https://www.hmpadmin.com/portal/docs...cer/sd0901.pdf
https://www.hmpadmin.com/portal/docs...cer/sd0903.pdf

Are you aware that the problem is getting the lenders and servicers to follow the programs?

[bloominga]

I didn't have a chance to add anything to my posting but that is the whole issue. They can come up with enhanced supplemental directives every week but if we don't have any support to force the lenders to comply it DOES ABSOLUTELY NO GOOD!

What is it they say? It's not worth the paper it's written on??

I'm good at researching but we can spend a lot of time posting links but what we need is ACTION fo ENFORCE the directives.

[ama125]

Are you aware that the problem is getting the lenders and servicers to follow the programs?

Agreed... yes the guidelines, rules, etc for MHA are publicly available. It is getting them to comply with, follow, and abide by these rules that is the issue at hand. Then getting them to complete and implement a permanent modification following the trial period is yet another issue. I thought having a government sponsored modification program would force compliance but this is not the case! There needs to be penalties and consequences for non-compliance. Where is the accountability? Where is the transparency? Where is the punishment? I don't think the Treasury's "shame and blame" through monthly progress reports is going to be sufficient. Who is really reading those reports...the general public? Do they really care? No, I think not... it is likely people like us, the distressed homeowners, who are paying attention and the numbers only show us what we already know to be true... the servicers are NOT doing a good job!

In truth, every homeowner should be concerned. Every home that goes into foreclosure affects the home next door to it. Everyone should be concerned. Everyone should get involved. But instead, many of them are bitter and angry and pointing the finger at the distressed homeowner that they are to blame for this mess. Well, news flash... it takes two to tango. The banks, lenders, investors, appraisals, and I'm sure many more, had a hand in the mess and not every homeowner did something irresponsible. Many of them were misled or lied to get them to sign on the dotted line. Many of them are did nothing wrong at all and are just unable to pay what was once an affordable payment due to the economic downturn.

[ohhhdear]

.............................

In truth, every homeowner should be concerned. Every home that goes into foreclosure affects the home next door to it. Everyone should be concerned. Everyone should get involved. But instead, many of them are bitter and angry and pointing the finger at the distressed homeowner that they are to blame for this mess. Well, news flash... it takes two to tango. The banks, lenders, investors, appraisals, and I'm sure many more, had a hand in the mess and not every homeowner did something irresponsible. Many of them were misled or lied to get them to sign on the dotted line. Many of them are did nothing wrong at all and are just unable to pay what was once an affordable payment due to the economic downturn.

Thank you Ama! My thoughts exactly!

I, for one, am sick and tired of people ASSUMING I bought my home in an irresponsible manner.

We put 20 per cent down, plus paid closing cost out of pocket. We both know all that money is GONE! Is it really my fault that we put 20% down and SO FAR making payments in a timely manner? Is it really my fault that I didn't understand how the pay option worked-- ? I thought I understood it, but quickly found out the payments were misleading.

Is it really OUR fault for this economic mess? GEESH!

Other people assume too many things... They are also assuming that distressed homeowners ARE getting bailed out in some way like with a loan modification!! They don't know the truth!

Thanks Ama-- you expressed my thoughts better than I ever could do.

[caldwell02]

I have a friggin doctorate, not that that really matters except that I don't think there is a typical face of the people who are in this mess with us. I had a plan when I bought this house, based on where the economy was going. Then it all went to hell in a handbasket. I refuse to be embarrassed about this anymore.

In my letters I always ask the question: if people with our resources are still having this problem, what about the people who don't have the internet or a job where they can use the fax machine (and thus have to pay for every page). What about those who have 9-5 jobs where they can't take some time during the day to deal with some of this? How in the world are they ever going to make it if those of us who do have the time/resources/flexibility can't? this fight is for EVERYONE.

thanks for the links, above, but I agree with so-cal-gal. The problem is that the lenders aren't following the guidelines!

[faith]

[QUOTE=dee1432;125561]To all beloved loansafe members,

I'm a filipina, single mom of 4, been here in the states w/ my then young children since May of 2001. Presently, have been working to much too trying to hold 2 jobs in the casino in Atlantic City. I am also in the learning process about living here in the U.S. such as; building credit history and etc. to be able of course to have a piece of the so called " American dream" in my over 8 yrs. of stay here, ................

Dee1432,
Hello and Welcome to this forum,
Thank you for sharing your story. Do you own a home in AC? Who is your lender? Maybe you want to share your story about your problem with your lender. You can have your own thread so people can respond to your thread. Just click New Thread in one of the titles to your left, say foreclosure, click that and on top there is a little box called New Thread , click on that and title your thread what ever you want to call it. Then you can tell your story and we can all help you by giving suggestions.

Thank you you also for expressing your desire to join us in our quest for justice. We will win this battle. I am sure Moe is preparing resolutions and ideas how to fight a good fight against this greedy corporations, banks, lenders etc. We are just waiting for further instructions.

God bless you and take care.

[cleach]

I don't know of what help I can be, but we will help in whatever way we can. We got (and are getting) the shaft, all while trying to be responsible and make our payments.

So, we're in!

[caldwell02]

cleach - glad to hear from you. I hope you are successful before you have to default.

[ultimate4799]

Moe et all,
I will always be in for loansafe members. Not sure how I can help much except on my experience but please count me in. You guys are our 2nd family..

Take care. John

[davephx]

I'm a newbie but does this come close to what you are looking for??
https://www.hmpadmin.com/portal/docs...iver082609.pdf

The extension is not required it allows the servicer if they choose to do extension.

Doesn't help folks in my situation where we can't get servicer to even send the documents (CitiMortgage in my case) so we can return them. Again we are entirely at the mercy of the servicing company all is their option.

[Catherine]

I feel the same way cleach. Not sure I have much to contribute but time given to follow any direction decided we need to go. Far as second families John.......you all are way better than some members of that I have so I totally agree My loan servicer Home Loan Services from their stats are in my opinion the biggest joke of ever helping homeowners. The only thing they get done is tactics to get you out. I have yet to read one GOOD success story. I figured out quite after a year, a year ago it was a complete waste of time energy and emotion to keep trying with them to the point of filing a Chapter 13 to stop the auction, back to making payments I can't afford awaiting to save up funds to hire an Attorney for a damn loan modification with the hope of a lower interest rate from the stupid high one I have now. What they say, do and sign up pretending they are committed is such BS when you try to make that happen. It is NOT what is out there to keep homeowners in their homes. It is the poor excuse of banks and servicers saying they want to help, but in the end? You feel helpless and out of control after doing what they said to do after months of the run around with so many lies you can't keep tract anymore or lose it. Oh and it just so happens they were bought out by Merrill Lynch then bought out by BofA whom by the way doesn't claim them besides the fact I am not even sure my First Franklin loan went there or stayed with National City. What I do know is if REAL CHANGES are not made it is a matter of time before I loose my house since no one has been able to step up and FORCE them to help homeowers. The posts all over this site prove it. That is what gets to me the most. The people here having their hope and what should be a common sense solution used against them. Time to take that passion, anger and fight back with a united front. We are all in this together. Thanks folks for letting me vent about the sorry POS people who job description is beyond cruel, Catherine

[snapple candy]

Moe,
That clip on Noam Chompsky was great. I wish I had it on DVD. It was hard watching such a long thing on-line in between making breakfast.

I plan an re-watching it. It was very enlightening!

[so-cal-gal]

Agreed... yes the guidelines, rules, etc for MHA are publicly available. It is getting them to comply with, follow, and abide by these rules that is the issue at hand. Then getting them to complete and implement a permanent modification following the trial period is yet another issue. I thought having a government sponsored modification program would force compliance but this is not the case! There needs to be penalties and consequences for non-compliance. Where is the accountability? Where is the transparency? Where is the punishment? I don't think the Treasury's "shame and blame" through monthly progress reports is going to be sufficient. Who is really reading those reports...the general public? Do they really care? No, I think not... it is likely people like us, the distressed homeowners, who are paying attention and the numbers only show us what we already know to be true... the servicers are NOT doing a good job!

This 'second stage' is really two stages itself. They may put togther a permanent modification contract and send it to you.

IF you like the offer and attempt to take them up on it, you may find that you have landed in the 'next' chess game with them. More and more lenders/servicers have been found to be leaving these contracts unsigned and never actually implementing them. They assure you that the mod is 'yours' and take payments per the contract, or transfer the note when you were supposed to start the payments. Then if they so desire, they start another game of trying to foreclose. As the market just starts to improve, we are going to find more of these 'UN' contracts surface.

[dee1432]

[QUOTE=faith;125637]

To all beloved loansafe members,

I'm a filipina, single mom of 4, been here in the states w/ my then young children since May of 2001. Presently, have been working to much too trying to hold 2 jobs in the casino in Atlantic City. I am also in the learning process about living here in the U.S. such as; building credit history and etc. to be able of course to have a piece of the so called " American dream" in my over 8 yrs. of stay here, ................

Dee1432,
Hello and Welcome to this forum,
Thank you for sharing your story. Do you own a home in AC? Who is your lender? Maybe you want to share your story about your problem with your lender. You can have your own thread so people can respond to your thread. Just click New Thread in one of the titles to your left, say foreclosure, click that and on top there is a little box called New Thread , click on that and title your thread what ever you want to call it. Then you can tell your story and we can all help you by giving suggestions.

Thank you you also for expressing your desire to join us in our quest for justice. We will win this battle. I am sure Moe is preparing resolutions and ideas how to fight a good fight against this greedy corporations, banks, lenders etc. We are just waiting for further instructions.

God bless you and take care.
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Hello Faith, I am one of the homeowners thru; NACA/CW April Restructure Submittals. And yes, I and my children lives in our only home in Atlantic city, New Jersey. My lender/servicer was CW/BOA. As far as my loan mod. with the help of NACA, I am one of those hopefuls waiting until now for CW/BOA's rsponse. I will keep it posted if there's positive results in my battle.
For the time being all I can do is to keep my fingers cross for each and everyone of us.

More power! Goodluck and May God Bless Us!!!
Dee

[jennyb4u9]

im here ready to fight especially OCWEN LETS FIGHT PEOPLE!!!!

[jennyb4u9]

I'm ready don't care about any exposure ocwen stoled my home i'll do anything!!! I explained my story yesterday.

[bryanw328]

I'm in!
Chase stinks!

[franklinco]

FYI - The Senate Banking Committee is holding a hearing tomorrow in NJ "Helping Homeowners Avoid Foreclosure". All you Citi people might want to check this out. This guy will be a witness: Mr. Bryan Bolton, Senior Vice President, Loss Mitigation, CitiMortgage.

United States Senate Committee on Banking, Housing and Urban Affairs : Hearings

Thanks for the information about the hearing. I have totally lost any possible help coming from the crooks who took over our countries representation. I would prefer those in DC to actually do a job to save home owners from home theft and financial instability.
I believe it will be more of the same. The election of Obama proves that the sham is in effect for both political parties. I have hope with a few Senators and a few representatives but overall feel that our country was sold out through corruption of the whole body of Congress and the Administration to serving their own interests and none of the obligations a public servant should be required to uphold.

[CW California]

Moe,
That clip on Noam Chompsky was great. I wish I had it on DVD. It was hard watching such a long thing on-line in between making breakfast.

I plan an re-watching it. It was very enlightening!

I agree Snapple. Moe thanks for posting that link. When you do a search and read other articles, etc. on Chomsky you realize how right the lyric of the old Who song was. "New boss, same as the old boss". I did find one comment from Chomsky about healthcare issues. He was asked why healthcare wasn't an issue in the 2004 election, even though it was an issue with the American populace, yet it was an issue in the 2008 election. His answer........ Because it became an issue of expense for corporations such as GM car costs ect. This administration, just like all previous administrations, is supportive of the elite and their investments. Socialism (i.e. us paying for their mistakes) for the wealthy and their investments, democracy for small business and middle america. (i.e. us paying for their mistakes) Chomsky also discusses how the same people appointed by Obama to handle this financial fiasco are the same who created it.

"This is pretty elementary economics. They happen to discuss it in this book; others have discussed it too. And that's what's happening. Risks were under-priced, therefore more risks were taken than should have been, and sooner or later it was going to crash. Nobody predicted exactly when, and the depth of the crash is a little surprising. That's in part because of the creation of exotic financial instruments which were deregulated, meaning that nobody really knew who owed what to whom. It was all split up in crazy ways. So the depth of the crisis is pretty severe -- we're not to the bottom yet -- and the architects of this are the people who are now designing Obama's economic policies." Noam Chompsky.

It makes it appear that regular news outlets or the main stream media are useless. All owned and controlled by the elite of which are too big (or powerful) to fail. It is probably why there is such a huge effort to down play and discredit the grass roots tea party movements. It certainly is a new outlet of expression and one that has potential for future change and they are out of the control of the elite. People are unhappy yet are misdirected as to who to blame. I wouldn't be surprised if there weren't people within the grass roots movement who are placing theirselves there just to create "homeowner hater" stuff instead of solidarity for middle america.

The fight continues.

[Big Booger]

Greetings to all, I hope today finds you in good spirits and a renewed sense of peace!!

I fear that emotions now rule each day for those struggling to adapt to the economic crisis and the homeowners potential loss of their homes. However, I must use homeowner as a loose term in as much as, we are not homeowners, we are mortgage holders and we are merely paying rent plus interest and fees for the time being on a structure that may or may not become ours in 30 years. I can tell you that I am not emotionally attach the current residence that I occupy and will be greatly relieved when my landlord CitiMortgage forecloses or rather "evicts" me. I have termed it, "Operation Repo" in the case of our current plight. I will however, make all valid attempts to stem or even reverse what I believe to be the inevitable in our situation. As said before, the Lending Institutions are not interested in our situations. They are interested in their “Bottom line”.

Thanks for all the kind remarks on my post I am just calling it as I see it. As for the phrase, God helps those who help themselves; this was first coined by Benjamin Franklin. Also to note, there is no evidence in scripture that supports this particular phrase as well. Luke 15:4-6 also tells us through the parable of the lost sheep, that we are the lost sheep, in need of saving as we are not capable of saving ourselves. As this phrase has been passed down from generation to generation, I myself believed it to be so, however in learning over the years that I was foolish in believing that I could “help myself” or rely upon my own device to deliver myself from a situation rather than rely on God to deliver me in his time and not mine. I still struggle with the waiting aspect, however I am a work in progress be that as it may my father reminds me that “it is what it is” so I go with that thought as it stands right now.

I mean no disrespect in above statement as I am just delivering what I have gleaned as stated by scripture. I do not intend to make this a debate of theology and hope that those reading and replying will see that and take no offense.

Do not want to lose it, I commend you for your spunk and you may very well be correct in time being on our side. I did read an article in my hometown (Piqua, Ohio) newspaper in regards to the Mortgage Crisis, however I was saddened to see it on the very back page, as there is not a lot of traffic back there. And by the way, that perfectly ripe cantaloupe sounded quite nice along side those pumpkins you spoke of. The prices of pumpkins here are amazing and how I wish I would have planted some such as it is though, I will find a local farmer’s market that I will purchase from.

So today I will spend some time contemplating my situation, seek guidance and of course, give my Representative a call at CitiMortgage to see how he is doing this fine day and what is the status of my modification. I will be enjoying this rainy day with a nice cup of coffee and the chatter of my 2 year old and 9 month old. I am sure my son who will be 20 come October 2nd will have some issue I must attended too and my 12 yr old son will come home from school and want to know what is for dinner with his sister in tow who just turned 10 an knows absolutely everything. I will then find time to pen a letter to the President of CitiMortgage just to add some spice to an other wise dull day!!!!

If there is some help that I could give to another here on this forum please feel free to contact me @ Tbooggs28@cs.com as I am willing and able to fax, call and write to someone on your behalf.

Have a most lovely and blessed day folks

[ama125]

I for one will say that I am not emotionally attached to my house... I have not been here long enough. It will be three years in October. But looking at all the options, it would be nice to stay here long enough at a payment that I can afford and try and sell it at a later time when (God willing) the market comes back. I already have a temporary assistance loan in place to carry me for another 8 to 10 months. I'm hoping to workout some kind of mod to stretch that loan out even further and buy me the time I need to clean up my other debts. At this point, my credit has been so damaged that I don't see any other great options so I may as well stay and fight. I also don't have the means to afford the cost to move (I've got a lot of furniture and it is all paid for so I don't intend to just sell it all off unless I had no other choice). So, at least for now, I will stand up and fight. If there is any way I can assist someone else, please let me know.
God bless!