Wow – TWO Year Foreclosure Moratorium for Homeowners “Who Agree to Work in Good Faith to Reach a Repayment Agreement”

Well lookie here… Can it be true??? A two year moratorium on foreclosures???

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A positive bank article on 4closureFraud.org???

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M&I Extends Foreclosure Moratorium

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Marshall & Ilsley Corp. has extended a moratorium on home foreclosures that has been in place since December 2008 through Sept. 30, 2010.

The moratorium is on all owner-occupied residential loans for customers who agree to work in good faith to reach a repayment agreement, M&I said.

Milwaukee-based M&I (NYSE: MI) runs assistance programs for potentially distressed homeowners the bank identifies in advance. The bank also offers a foreclosure abatement program that includes refinancing options such as term extensions and reduced rates that can be used to reduce monthly payments.

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They must of kept all their loans in-house???
Regardless, it is no longer a Wonderful Life for most others…
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4closureFraud.org


Comments
9 Responses to “Wow – TWO Year Foreclosure Moratorium for Homeowners “Who Agree to Work in Good Faith to Reach a Repayment Agreement””
  1. Linda Venturella says:

    This is a positive sign. Hopefully others will follow suit. Isn’t this all struggling homeowners ever asked for ? I don’t think anybody who tried to get help through The Making Home Affordable Program was trying to game the system , or that we sruggling homeowners justcouldn’t afford our homes, though this is how some of the media has portrayed us. The banks/mortgage servicers were definitely in collusion in this loan mod. fiasco.How else could you explain millions of nearly the exact same loan mod. horror stories from millions of homeowners.They definitely used the same fraudelent and deceptive practices from the banks to the mortgage servicers to try to land us all into foreclosure. It seems the State AG’s are starting to connect the dots.

  2. lisamarie says:

    M&I home lending solutions is definately FOS.

  3. JEAN IMMESBERGER says:

    THEIR OWN ATTORNEY WAS NEVER NOTIFIED OF MORATORIUM AND HE SAID “THEY ARE STILL DOING
    A THOUSSAND FORECLOSURES A WEEK” SOUNDS LIKE “CLEAN HANDS ” AND REAL “:GOOD FAITH”
    DEALINGS ON M&I’S PART TO ME! THE REAL WORLD OF M&I !!!

    • Tom Burgmeyer says:

      Hi Jean- It’s was nice chatting with you and we appreciate your suggestions and support,
      You mentioned an article that could be faxed to me., Not sure this is the one your referring to.
      If not, Jim said it’s ok to fax it to him 772-286-0471

      Thanks again

      Tom & Ann Burgmeyer
      772-418-7011

  4. lisamarie says:

    PS, which is where HSBC steps in and makes false claims….

  5. lisamarie says:

    This is the exact bank that originated my loan in 2006 then sold it the following month and now its forever lost and nobody knows where its at!

  6. Andrew says:

    “The moratorium is on all owner-occupied residential loans for customers who agree to work in good faith to reach a repayment agreement, M&I said.”

    Wouldn’t that be perpetuation of the FRAUD?

    Oh and such good employees too…NOT

    http://www.affil.org/get_active/borrower_blog/borrower-blog2/fraud-predatory-lending-abuse-by-lender-mi-bank

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