PLEASE ONLY POST - Articles, Official Letters, Testimony, Rules and Regs. Moe - perhaps a Sticky is

THANKS2U

LoanSafe Member
Jul 8, 2009
578
6
0
Look & leap with hard work

Right you are again dave

But, i have a firm opinion that the banks and investors should be held 100 % legally accountable for defrauding the shareholders of our nation called "
we the people."

I do not know how to do it with lobbying or with legalities, however, there are many in power who do, but they are all far too afraid to do what is right, in order to get immediate results to stop the insanity of our economy.

Serfs up ! - as most of us making less than $250,000 per year are now becoming
OH I FORGOT THAT THE PRESIDENT CAN DO EXECUTIVE ORDERS

Understanding President Obama?s Executive Order regarding Your Mortgage - Los Angeles mortgage | Examiner.com

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http://www.americancasinothe*****.com/
 
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THANKS2U

LoanSafe Member
Jul 8, 2009
578
6
0
OH I FORGOT THAT THE PRESIDENT CAN DO EXECUTIVE ORDERS

Understanding President Obama?s Executive Order regarding Your Mortgage - Los Angeles mortgage | Examiner.com

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A documentary film on the Mortgage Crisis named, AMERICAN CASINO, made by Mrs. Cockburn is well worth watching. The Cockburn's have careers in helping We The People and have raised adult children who also help the world in many ways...
 

THANKS2U

LoanSafe Member
Jul 8, 2009
578
6
0
A documentary film on the Mortgage Crisis named, AMERICAN CASINO, made by Mrs. Cockburn is well worth watching. The Cockburn's have careers in helping We The People and have raised adult children who also help the world in many ways...
Foreclosure fraud perpetrated on a Televison News reporter.
George Knapp, Las Vegas Journalist, Becomes Victim Of Foreclosure Fraud !

Improper foreclosure practices are so widespread in Las Vegas that one reporter trying to expose them instead found he too was a victim of foreclosure fraud.

George Knapp, chief investigative reporter for Las Vegas CBS affiliate KLAS, was investigating how "tens of thousands" of people who thought they were homeowners
turned out not to actually own their homes due to fraudulent paperwork, when he discovered that he was in that exact situation.

Las Vegas foreclosure attorney Tisha Black told Knapp that nine out of 10 foreclosure filings aren't done properly, jeopardizing the ownership status of the house in the future.

"I gave her my address, because I bought a home out of foreclosure three years ago this month,"
Knapp said on KLAS during the conclusion of his report. "The Attorney General's office confirmed to me that I don't own my home because of bogus signatures and improper filings."

More than
a tenth of all homes in Las Vegas received a default notice last year, according to a RealtyTrac report cited by CNNMoney. The national foreclosure average was five times lower than that of Sin City's.

In September,
Las Vegas-area home prices fell to their lowest level since the start of the recession, according to a Tuesday report by Standard & Poor's.

Knapp told
Poynter Institute journalist Al Tompkins that the episode put him in a "very weird spot to be in" as a reporter.

After considering not including Knapp's part of the story in the report, he says his managers decided Knapp's coincidence illustrated "one of the central issues in our project... namely, that very bad things have happened to people who essentially played by the rules."

Indeed, Knapp isn't alone when it comes to faulty title transfers causing lost homes. In addition, to the "tens of thousands" cited by KLAS in Las Vegas, one couple and their 18-month-old daughter faced foreclosure in Houston, Texas even though they had stayed current on payments since 2008,
because their title wasn't transferred properly.

Another family in Utah was threatened with
foreclosure on a home they thought they had already sold for similar reasons.

State attorneys general are
pursuing a national settlement with mortgage companies over claims of improperly foreclosing on U.S. homeowners. California last month removed itself from talks.

Tracy Lawrence, set to be sentenced for her part in a Las Vegas-based foreclosure fraud, was found dead this week, according to the Los Angeles Times.

CRAZY !
 

missmelynn

LoanSafe Member
Feb 15, 2011
3
0
0
Brentwood, CA
For all of you who think there is no hope in this mortgage mess, I want to tell there is help for you. We were so underwater, we actually convinced ourselves that eventually we would end up walking away. But I’m tenacious and was not about to give in without a fight. We were among the many who fell victim to predatory mortgages. We owed roughly $445, 000 on a house worth close to $162,000, located in Contra Costa County in the East Bay area of northern CA. CitiMortgage was our mortgager and we struggled for almost a year to obtain a loan modification from them. They kept stringing us along asking for same documents over and over again, typically behavior of the big banks. Then they sold our loan to VeriCrest Financial in Jan 2001. We suspect this was in an effort to remove ‘our’ bad debt from their books. So we began to work with them, starting all over again. Both HAMP and Keep Your Home Programs has already denied us for making too much money. Trust me, we do not have what anyone would realistically consider very high incomes. <o:p></o:p>
<o:p> </o:p>
Then I armed myself with a REST report, with the hopes that this might show that ‘we’ were making an effort to try to keep our home, we just needed help. Our payments, were around $2,500 a month and we had not been paying for about 8 months. I also found out when you stop making payments, that’s when they start wanting to talk to you. I used that fact to my advantage and just kept stressing how much our house was worth and how much we owed. Over and over to everybody and anybody who would listen. I also sent them the my REST reports 2 x’s a week, via overnight UPS. The cover letter stated I was also forwarding this package to President Obama, and my Congressman and Senator as well as their investor on record. Not sure if that’s what got their attention. But Vericrest finally called me and put me through to another lender, 1[SUP]st[/SUP] Alliance Lending on 3 way.<o:p></o:p>
<o:p> </o:p>
I told them our story again, and that’s basically where our story changed. We applied for a REfi FHA loan (called an 821 Streamline) and they were able to drop our principle to $169,000. We now pay $1510 a month and taxes and insurance is included. IT’S LIKE WE WON THE LOTTERY. <o:p></o:p>
<o:p> </o:p>
I’m not going to say it wasn’t not extremely stressful, since the underwriter’s wanted everything you could think of. And all the while VeriCrest was still on track to auction off our home if this loan didn’t go through. <o:p></o:p>
<o:p> </o:p>
But in the end, we won! So, I hope our story helps others out there. Our hope is that maybe just knowing this has been done will help motivate others. <o:p></o:p>
<o:p> </o:p>
The VP at 1[SUP]st[/SUP] Alliance Lending (our new lender) called us recently 1 morning to congratulate us. He said what basically happened is ‘we’ short sold our home to ourselves? And he also said we ‘were unicorns’, but please don’t let that discourage you. <o:p></o:p>
<o:p></o:p>
 

Cat Damiano

Mortgage Wars
Sep 10, 2007
10,541
39
48
Colorado
www.loansafe.org
Hi missmelynn,


That is such great news! Congratulations and thank you for sharing your success with us!
 

Marlowe

LoanSafe Member
Feb 22, 2012
1
0
0
Hi Missmelynn,
Can you tell me how you secured your REST report and was there a cost? Thank you
 

Cat Damiano

Mortgage Wars
Sep 10, 2007
10,541
39
48
Colorado
www.loansafe.org

rseth123

LoanSafe Member
Aug 25, 2008
29
0
0
For all of you who think there is no hope in this mortgage mess, I want to tell there is help for you. We were so underwater, we actually convinced ourselves that eventually we would end up walking away. But I’m tenacious and was not about to give in without a fight. We were among the many who fell victim to predatory mortgages. We owed roughly $445, 000 on a house worth close to $162,000, located in Contra Costa County in the East Bay area of northern CA. CitiMortgage was our mortgager and we struggled for almost a year to obtain a loan modification from them. They kept stringing us along asking for same documents over and over again, typically behavior of the big banks. Then they sold our loan to VeriCrest Financial in Jan 2001. We suspect this was in an effort to remove ‘our’ bad debt from their books. So we began to work with them, starting all over again. Both HAMP and Keep Your Home Programs has already denied us for making too much money. Trust me, we do not have what anyone would realistically consider very high incomes. <o:p></o>
<o:p></o>
Then I armed myself with a REST report, with the hopes that this might show that ‘we’ were making an effort to try to keep our home, we just needed help. Our payments, were around $2,500 a month and we had not been paying for about 8 months. I also found out when you stop making payments, that’s when they start wanting to talk to you. I used that fact to my advantage and just kept stressing how much our house was worth and how much we owed. Over and over to everybody and anybody who would listen. I also sent them the my REST reports 2 x’s a week, via overnight UPS. The cover letter stated I was also forwarding this package to President Obama, and my Congressman and Senator as well as their investor on record. Not sure if that’s what got their attention. But Vericrest finally called me and put me through to another lender, 1[SUP]st[/SUP] Alliance Lending on 3 way.<o:p></o>
<o:p></o>
I told them our story again, and that’s basically where our story changed. We applied for a REfi FHA loan (called an 821 Streamline) and they were able to drop our principle to $169,000. We now pay $1510 a month and taxes and insurance is included. IT’S LIKE WE WON THE LOTTERY. <o:p></o>
<o:p></o>
I’m not going to say it wasn’t not extremely stressful, since the underwriter’s wanted everything you could think of. And all the while VeriCrest was still on track to auction off our home if this loan didn’t go through. <o:p></o>
<o:p></o>
But in the end, we won! So, I hope our story helps others out there. Our hope is that maybe just knowing this has been done will help motivate others. <o:p></o>
<o:p></o>
The VP at 1[SUP]st[/SUP] Alliance Lending (our new lender) called us recently 1 morning to congratulate us. He said what basically happened is ‘we’ short sold our home to ourselves? And he also said we ‘were unicorns’, but please don’t let that discourage you. <o:p></o>
<o:p></o>
Hello:

Thanks a lot for your post!! It is very encouraging and insightful. I am in the same situation with Citi. I am planning to go late from next month and I have one question for you!!

Could you please help me on

1. What does Citi do after you are late on first payment? Like after 15th of the month.
2. What happens after second month?
3. Did they put Notice of default on your door step?

When does Citi reports to Credit report?

Was it more like you were after them (i guess you were) or they were calling you for payments?

Thanks once again.