Well, I would love to tell you about a positive experience with BofA and Countrywide, but…

Bank of America Client (LoanSafe.org) – Well, I would love to tell you about a positive experience with BofA—and Countrywide– but my story has been two years of a nightmare starting with truth-in-lending violations and loan-flipping all the way to spending 8 months in the Trial program, then denied because of failure to pass the NPV. (more…)

I believe Wells Fargo wants my home and 5 acres of land

SAN FRANCISCO - JANUARY 20:  A Wells Fargo cus...
Image by Getty Images via @daylife

Another Wells Fargo Foreclosure Victim? (LoanSafe.org) – My home is scheduled to action on November 3rd, 2010, in just 10 days.

I was denide the mortgage modification wrongfully. Wells Fargo decided to place me in a high percentage rate of 38% that had placed me in the 31% bracket I would have qualified.

If any one can help me please email me at ljenkens9832@hotmail.com.
I will be losing my home for a low mortgage of $30, 000.00. I beleive they just want my home and 5 acres of land.
Ms. ALexander

It seems like everyone who has tried to work with Bank of America has been told lies

Current Bank of America branch in Porter Ranch...
Image via Wikipedia

Submitted by a BofA client (LoanSafe.org) – It seems like everyone who has tried to work with Bank of America has been told lies and been put on hold for months or even years.

I was told in June that our modification papers had been received and it would take up to 6 months for the process to be completed. In the meantime I was also told not to make any payments, to hold all monies.

On October 4th a trustee sale for our home was posted on our front door with no word from the kind people at Bank of America.

I have talked to numerous flunkies with so many stories and so much laughable excuses that I cant even count. They have put off the sale once and I was told today that I could talk to the forclosure department. That was again a joke! They were closed as they have been since I started calling.

Help please!

Who Owns The Mortgages? The Real Foreclosure Crisis

By Peter Miller (LoanSafe.org) – For all the headlines given to foreclosure affidavits and robo-signing virtually no one has mentioned the real point, the idea that the affidavits themselves may not prove loan ownership regardless of how they were signed.

For several years foreclosure defense attorneys have been telling anyone who would listen that the entire foreclosure process is flawed because you have to own a mortgage note before there can be a foreclose — and several courts have found that the affidavits used in foreclosures do not prove ownership. (more…)