This was sent in by a reader of the site. It pretty much covers what millions of people are going through across America. Please take the time to read it. It will help you understand how criminal these entities are…
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Michael,
Searching the web and ran across your website. I know you’ve probably seen and read many examples of people getting worked over by the lenders, but take a look at mine if you have time and tell me what you think.
Will probably be sending this information in with my Foreclosure Review paperwork and it will also go to all of my representatives at the federal and state level. If nothing happens I may even send it to media outlets. We’ll see….
Just filling out our Independent Foreclosure Review papers and we are beginning to wonder if a lawsuit is a possibility after a whole bunch of wrong doing by CitiMortgage during the last two years.
We saved our home by repaying $19,000.00 after 2 years of hassle, 3 modifications, and then we were finally told that we either had to repay or the home would be taken from us. We were put into this situation after simply calling to get a better interest rate. Check this out…
3 MONTH TRIAL PAYMENT (October 2009)
— Called Citi to see about lowering our interest rate because as a self employed borrower our rate has always been high. We were NOT behind on payments. The representative told us that “Yes, we’ll set you up on a modification. We can get this done pretty easy.”
He told us to get started he would have to put us on a 3-month trial payment (come to find out later that this was a huge mistake on his part and ours). Our payment was just over $1,000 a month, he knocked it down to about $830. The way he made it sound was that if we did this, we would have everything taken care of in three months and our payment would be at about this lower rate.
We sent all of our financials immediately and made our payment on time the entire time. We were also in contact with them the entire time.
After probably the first month we began to be notified or told when we called them that our paperwork was lost and that we would have to resubmit our documents. This happened numerous times during this modification attempt.
In the end it took 6 MONTHS to get the modification answer. To our surprise when we received the modification we found that our monthly payment would actually go up!!!! I immediately called them and told them that we would be crazy to accept the agreement. The representative that day which was one of probably 100 that a spoke with over the two years, said that it wasn’t a problem and that there were other options. So, she began another modification after we returned the paperwork for the first modification “denied”….
The same thing happened the second time as the first but we would be surprised once again. The lost paperwork and resubmitting documents continued the entire time.
We called Citi, over and over, trying to find out what was going on and why things weren’t happening.
All the while we continued to pay the reduced payment of just over $830..
Then the totally unexpected happened…
FORECLOSURE PAPERS (January 2010)
We received foreclosure papers by mail which totally caught us by surprise and was totally unexpected. We were still under the assumption that we were working with Citi and that things would be taken care of. I instantly called Citi asking what was going on and why our house was suddenly put in foreclosure even with us working diligently to get the matter straightened out. Keep in mind, we were not behind on our payments and we were able to pay our regular payments but they put us on the reduced payment.
When I called, the representative finally told us that we shouldn’t have been paying the reduced rate after the 3-month trial. The problem was that we had called them after and during the three month period and they told us to continue paying and we have a document stating such. They never told us to do otherwise and they continued to receive our payments. At some point you would think that they at least would have called us to point this out. But they didn’t. In the end, they told us that because we weren’t making our regular payments our mortgage fell far enough behind to put us in foreclosure.
So now not only did we have the stress of trying to get the mortgage straightened out but now we were actually faced with the possibility of completely losing our house that we have raised our two daughters in. Most stressful situation we have ever faced and it was caused by a single phone call to an incompetent mortgage company. We just wanted to get our interest rate lowered!!!!
FORECLOSURE LAWYER AND CITI
So now that the foreclosure preceding had begun we were then wondering when our sale would be, if there was a sale date, and what was going to happen next.
Citi representatives told us that because we were in the middle of the modification process that the foreclosure would be put on hold.
The problem was that we were served papers, our name was put in the local paper, and a sale date was set, and of course the County Sheriff came to the door to serve the papers and put the sticker on our door unexpectedly. Actually we weren’t served the papers by hand but had to go to the Sheriff’s office to pick up the paperwork. They did put the sticker on the door though. None the less, a horrible experience.
Then, of course, we were surprised once again. After telling us that the foreclosure was on hold we received another letter from Citi saying that the agreement we made was not good or hadn’t been followed and that the foreclosure would continue.
We called Citi again and the rep had to “check into” whether the foreclosure was put on hold or not. They called back and said the foreclosure was put on hold. I told them that I didn’t trust them because of all of the mistakes and false information they had already given me and that I wanted to call the actual lawyer in Cincinnati that was handling the foreclosure for Citi. They had to research who in Cincinnati I had to speak with and call me again to give us the number.
After calling the lawyer, they finally assured me that the foreclosure was temporarily on hold. Was good that it was put on hold but the fact still remained that our house was in foreclosure.
UNWANTED VISITORS
CitiMortgage sent people to our house on occasion to hand deliver yellow envelopes that they hung from our door with a simple note on the inside stating that we needed to call them about our mortgage. This happened numerous times and it wasn’t a professional thing to be doing. The people that showed up at our door were not professional looking people and the thought that these strangers were just roaming around the kids in our neighborhood wasn’t a good thing. The amazing part was what the letter stated…. “Please contact CitiMorgage”…. We were contacting Citi probably 3 times a week… How ironic. You would have thought that at some point Citi would’ve contacted me with some answers about what was really going on… That NEVER happened, still hasn’t, and never will.
WAITING ON 2010 TAXES (January 2011)
After we were denied the first modification we were told that they were going to try a tradition modification. We sent in all of our paperwork for the third time including all our financials, pay stubs, etc… etc… Months went by and nothing was being done.
So then around the first of the year (January 2011) a Citi representative tells us that she doesn’t know why they were trying a traditional modification because we wouldn’t qualify for that, blowing up everything we had done entirely. Yes, it was AMAZING!!! More wasted time, money, interest, lawyer fees, etc… etc… Someone by now is making money off of our single phone call that we made at the very beginning to get our interest rate lowered…. The nightmare continues…
Now the representative tells us that to get going on the new modification that we would have to get our 2010 tax returns done. So we continue to waste more time. We had already sent all of documents in two times in the last year and some of them more than that because they “lost” them.
4-MONTH AGREEMENT (FEBRUARY-MAY)
In January 2011, a Citi rep tells us that we could make a new agreement while we work out the newest modification. We were told to pay $1,000.00 per month (Feb-May) while they worked on the modification. So we did, on-time, every time. Once again we did exactly what they told us to do to get things squared away so that we could move forward. Again, according to them, we were on the right track to get things done.
By this time, we were beyond trying to get a lower interest rate which is what we called for in the first place. We were now fighting to stay in our house!!!
DECISION TIME
While this all was going on we contemplated every scenario. Should we just let the house go? Should we start looking for a place to rent? What is happening with our credit? How would our children react to having to move out of the house they’ve been in their entire lives? As stressful as stressful gets…
After paying the four $1,000.00 payments we finally were called by a Citi representative that finally had answers but they weren’t the answers we had expected or thought we would ever have to accept.
This representative “spilled the beans” after I told her my entire story…
After learning that we were not behind on our house payments at the very beginning she told us the reason they put us on the Trial Payment Plan was to put us behind because we had to be behind on our payments to even qualify for a modification. This was astonishing to us… If they would have told us this IMPORTANT fact there is no possibility that we would have agreed to this. Period. She even agreed that it was wrong and agreed that the entire thing was wrong but she couldn’t do anything about it.
The fact that Citi would put someone behind on their payments for any reason should be against the law! If we weren’t behind on our payments, we weren’t qualified to sign-up for the the modification and that is what they should have told us! Citi didn’t tell a lie by doing this to us, but they absolutely weren’t telling the truth!
So here is where the hammer falls. She tells us that the last modification attempt was not accepted and that the only option we had now was to pay the $19,000 that it would take to bring the house out of foreclosure. Amazingly we had just went a year and a half, lots of phone calls, hundreds of sheets of paper, faxes, more phone calls, stressful days, sleepless nights, and absolutely nothing had happened. Nothing. We made one call one evening hoping to get a better interest rate and it turned into a financial nightmare.
Another thing that was amazing was that during these phone calls we were speaking with people representing a giant in the banking industry, Citi, and the lack of knowledge coming from the people on the other end of the line was out of control. They had absolutely no authority and were doing nothing but answering calls giving answers, however right or wrong, and going on to the next phone call in line. And this is their “customer service” department. I could call them, speak with someone, get an answer and then call back five minutes later, speak with another rep and get a totally different answer…. I wouldn’t want to know what is actually discussed behind closed doors at this company.
STAY OR GO???
This is it. Should we try to pay the outrageous amount of money (for us) to save the house we have lived in since 1997? Our first and only house, where we have happily raised two daughters who are closing in on their teenage years. Or should we get out of it by just picking up and walking away… Well, we decided to try to make it.
It would not be easy and we knew it but it is a decision that would affect us financially because it would take everything we have to make it happen.
We were put on a repayment plan that forced us to pay the $19,000 back in monthly payments in five months. Almost the entire payment was interest, late fees, and lawyer fees, meaning in the two years we went through this we didn’t make a dent in our actual mortgage. Keep in mind we still paid the reduced 830 payment on time as well before we started the $1,000 payments back in February.
NOT OUT OF THE WOODS (JUNE-NOVEMBER 2011)
We ended up making a down payment on the repayment plan of about $6,000.00 and then made monthly payments of $3100.00. With my income being seasonal as a self employed individual, I knew I would be able to make it through the summer and make the payments I needed to make but that wouldn’t be it for me, unlike Citi who will just see that I made the payments, mark us off as paid, and go on like nothing happened. We don’t have that luxury… Citi took all of the money that I made during the summer and now my seasonal work (snow removal) will have to carry me through the winter (it doesn’t always snow). The $19,000 we paid to Citi would have bought some new equipment which would have given me the confidence to go forward with expanding our business. But with ruined credit and the loss of on-hand cash, that idea was terminated.
We are definitely worse off at this moment than when we made that fateful phone call about our interest rate over two years ago!
First of all, our credit is ruined, my business has been held back because of the mortgage situation, and our financial well being and stability has been jeopardized by Citi.
RESPONSIBILITY
After all is said and done, I know that it wasn’t my fault entirely and that Citi should have to take some responsibility. The only mistake I have made through this is trusting a company to treat people right and in the end I know that we were not. We simply called to see about getting our interest rate lowered and in the end we were taken down a path that led to nowhere and in the end we paid for all of the mistakes of 100’s of people employed and/or paid by CitiMortgage.
I sit here typing this letter in the very home that we saved from becoming one of the 1,000’s of homes that sit empty but the future is still a little fuzzy because I don’t necessarily know where we are going from here.
CitiMortgage, lawyers, phone reps, investors, and all kinds of other people are getting paid with some of that $19,000 that we worked hard for and they did absolutely nothing except mess with a families future.
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Am contemplating my next move with respect to Citi. In my case, Citi now claims they have as collateral 80 acres when in fact they had 5 acres as collateral on their mortgage. The loan modification journey has been a disaster. Citi could NOT keep track of financial information sent, and then when they did receive it claimed that no matter what information was sent, the collateral wasn’t acceptable under any circumstance.
Citi knew that the purpose of the initial loan request was to have 5 acres as collateral – the initial inquiry, the application, the appraisal, and at loan closing. At loan closing they took exception to a 5 acre legal description at which time I chose to not close the loan. After discussion with the mortgage broker – a local bank – Citi agreed to accept the 5 acre legal description. Fast forward 10+ years, and now they assert they have an 80 acre legal description. The value of the 80 acres is too high to qualify for loan modification – makes more sense for Citi to foreclose – they will make $$$$. The value of 5 acres is such that a loan modification would be warranted – but they won’t even consider that they really only have 5 acres as collateral – which is the legal description on their Deed of Trust – that they ultimately accepted at loan closing – after lengthy discussion. I was willing to walk away from the loan closing !!!!, if they demanded an 80 acre legal description – Citi “chose” to accept the 5 acre legal description at loan closing.
The loan modification process has been a total joke !!! Been involved in the process for well over 2 years. I’ve probably had 25 different “account representatives” most of whom understand that it wouldn’t be “right” for a lender to foreclose on 80 acres when the lender only has 5 acres as collateral. To their credit, they seem like reasonable people, but …… they have no decision-making authority. Furthermore, it is IMPOSSIBLE to talk to anyone with decision making authority – not an underwriter, not their legal department. Nobody – not even their own account representatives have access to converse with decision-makers. The organizational structure is flawed to say the least.
The difference between misrepresentation, negligence, and fraud involves “intent”. I think I can prove intent, but it will risk everything I own to take that risk. I’m willing !!!!
I wanted to make repairs to my dream home, using the equity in my home but was told that process would take longer so lets go with the loan process with no interest charges because we will get the money from the equity in your home. At that time my mortgage was very low. Once the loan went through I received my mortgage statement the following month & it had went up to a thousand dollars & I didnt understand what had happened, so when I called they told me not to worry because the equity would come through & once it does I would be fine they said to continue paying the thousand a month which I did for more than a year. Instinctively I called again & they told me to stop paying the mortgage that they would send me another package involving my equity so I stopped paying waitng for the new agreement to come in & it never did. So I called & thats when they told me that I was behind in my mortgage & that I couldn’t use the equity in my home & that’s when the problems began I started corresponding with them through letters stating what had happened & that I was at a lost as too what happened & why when I followed through on everything that I was told before I knew it my disabled daughter & her disabled daughter & I were homeless with no place too go. This was the first time I had attempted to acquire any equity out of my dream home or any other monetary means & I had been in my home since 1997 without a loan or anything because I was afraid of dealing with the big business aspect of it all & this is what happened to me & my dream home.
I am in citimortgage hell. We applied for a HARP last year after my husband went into kidney failure and we had to be off work for awhile. They did a re-fi but worse interest rate and on a 40 year term. We were told NOT to make payments during the re-fi and they ruined our credit. Since then, they have lost TWO sets of notarized documents we sent to them first last November and the second in February. They sent us more docs to sign and notarize yet AGAIN this week. I video taped signing them, having them notarized at the bank, counting the pages, and handing the UPS envelope to the UPS employee. We are in a bad place. They ruined our credit so we can’t get another bank to help us.
CITIMORTGAGE SELLS FANNIE MAE MORTGAGE SERVICING RIGHTS …TO FANNIE MAE – UNUSUAL MOVE
Effort marks bank’s move to shed potential liability over servicing practices
Fannie Mae has purchased mortgage servicing rights on about 64,000 of its own loans from Citigroup looks to shed future liabilities tied to its servicing practices.
The unusual transaction had reached a definitive agreement with Fannie to sell servicing rights tied to approximately $10.3 billion of unpaid principal balances on mortgages owned by Fannie.
“The sale includes the majority of the delinquent loans serviced by CitiMortgage for Fannie Mae, Nearly all of the loans transfered are delinquent.
The agreement means that Citi and Fannie Mae have “substantially resolved pending and future compensatory fee claims related to Citi’s servicing practices on these loans,”
Compensatory fees typically refer additional fees a GSE may choose to levy on a lender/servicer should certain set standards not be met.
Compensatory fees can be assessed for delayed remittance of claim proceeds, delays in the liquidation process, late filing of a final request for reimbursement, and other timeline-related matters.
http://www.housingwire.com/articles/28604-citi-sells-fannie-mae-msrs-to-fannie-mae
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Citigroup agreed to sell servicing rights for about 64,000 Fannie Mae residential first-mortgage loans as it seeks to reduce a portfolio of unwanted assets.
Citigroup had reduced assets in the Citi Holdings portfolio to $122 billion at the end of September. The bank was selling servicing rights on $63 billion in loans in October
Citigroup paid Fannie Mae to limit its liability related to the servicing
http://www.bloomberg.com/news/2014-01-15/citigroup-sells-servicing-to-fannie-mae-on-10-billion-loans-1-.html
We just found out last wedsday that we lost our home by some contractor trying to change our locks ..we are on a motification program I cryed..our house was sold without a letter or anything from citibank ..last thing charita ashley citibank loan specialist said to us was it was good and wait for payment instrutions. ..no call no letter we were not behind in payments in fact a month ahead..tryed to get out of this program the first month but was told we couldn’t..so here we are waiting for the sheriffs to kick us out..
Citibank, N.A. totally sucks do not use them they are always switching me from one loan officer to the other. They just totally are screwing me around, the 90 day HOLD and get my refi done is about out for me to get the refi % we agreed on. AND the appraisal they told me get (they ordered) and told me I was pre qualified was good to go so to get the appraisal and than if that came back good than there was not a problem. HA they have asked me to send over and over stuff they loose etc. I think they are a scam!
I been with citi over 7 yrs lost job do to 5 heart attacks and now on a heart transplant list fraction rate below 28% tried modification under first under pnc bank no problem went for second mtg keep getting a run around then got a provel on March 15 2013 and on March 20 I get a denial so here iam down nine months now going to federal got help and attorney because of cities scruples tactics so for help they suck
have already lost our home after a arm rate . ballooned to 9% and $2300 per month from $1000 per month, they finally got the house , i think citi needs to be sued just like all the other ones, they will get theres in the end
I just found this site and read many of the posts. Has anyone had any experience with the latest scam being pulled. Chase is our scammer of course through their attorneys. My son thought he was successful in getting a permanent modification. All payments were made through the trial and thereafter for almost a year total….then he got laid off from the low paying job he had gotten after originally being laid off from the high paying job. He got behind two payments but then found another job and called to let them know. Hadn’t heard anything from them until he called, just the normal statements. AFTER he called to tell them he would be able to make his payment on time and to arrange to catch up the other two he got served with a notice that he had 10 days to pay the entire amount or they would accelerate the note. He called and they would not work with him on catching up the other 2 payments. He hadn’t even gotten his first check yet which would have been enough to pay the coming month’s payment and even though he would have been able to catch up they told him not to send the payment unless he could send two as they were accelerating the loan. He then got the acceleration notice which demanded full payment or else they would foreclose on the house. That was last April. The notice of course says don’t send payments as they will be sent back, etc.
So after contacting attorneys and legal aid, etc. he decided there was nothing much he could do. I (his mom) am disabled and had been living with him and paying the utilities and buying food. Had I known what was going on I might have been able to make the payments from my meager savings for a couple of months but he didn’t tell me. I happened to be in the living room when the guy came to the door with the foreclosure notice.
In December, a couple of days before Christmas he got a certified letter saying they had decided not to accelerate the loan after all. Fools, we thought it was a good thing and we could start making payments again. This was followed the next week with a new demand from the attorneys for over $11K. This is (according to them) the amount he was now behind on the mortgage payments. Of course even 12 months of missed payments doesn’t come close to that….according to the modification loan he thought he had. It would be about what 12 of the original payments were. Or else they have added about $5K in miscellaneous charges. No way to tell since that letter had no kind of breakdown whatsoever. It was a typical 30 days to dispute the validity of the debt type of notice a bill collector sends.
Two days later he got another letter, this one certified, saying since he hadn’t paid the $11K they were accelerating the loan and are foreclosing in February. It doesn’t give any figures on the acceleration or payoff at all.
So, they refused to let him catch up the two payments, refused to accept any payments in the meantime and now he is so far behind he can’t catch it up in any kind of short order. He had asked for a forebearance agreement on the two payments in the first place and couldn’t get anything from them. He went to their meetings twice and called the first couple of times he got the UPS letters but that was all just buik form stuff because each time they said there was nothing they could do since the note had been accelerated. After a few times he quit trying. He’s going to try calling again tomorrow but I think this was another shady trick.
I didn’t read anything about this newest slick trick so I wanted to share it in case anyone got one of these we aren’t going to accelerate letters.
Trudy.I am not an attorney but i know what chase did to my sister…forebearance payments landed her in foreclosure…maybe he should send chase the where’s the note letter requesting that chase prove they own his loan….you can google that….this is a great site for info and there are more listed in the right column….like living lies and mortgage servicing fraud. Sounds like your son is caught in their spider web of lies…tell him to get all of the info that he can and that CNBC reported yesterday that there are 40 million people that are 60 days behind on their mortgage…I don’t know if those people are strategic defaulting or victims of the economy but your son is not alone….and most likely chase is servicing his loan and the have no legal right to take his home….an attorney told me last year that I should not sign or agree to anything….the banksters debt is unsustainable….your son is going to be told a lot of lies so he should get all of the info that he can…..good luck to him…there is always someone here who will offer him advice….tell him to do his homework before he sees an attorney…what he does not know can hurt him…!
This is truly sad and I feel your pain. I am so grateful that the Judge in my pro se case ended this matter. Because the Plaintiff in my case never proved they had both the mortgage note and the loan, they dissolved the loan and charged off the loan. I know first hand your pain. I hope everyone with the MERS notation on their mortgage will defend their home and get the same dismissal of their loan. God bless you all.
Hi Linda,
Charged off???? Can you please clarify for me exactly what you mean by charged off?
Are you aware creditors who charge off loans usually reports it to Equifax, Trans-union etc.
This adversely effects an individuals credit Is this charge off on your credit report?
The creditor you were dealing with was up to its eye balls in FRAUD and then submits a derogatory against you knowing the info is erroneous?
Financial crime victim….this could have been extinguished in a bankruptcy….some judges are honest.
Or maybe the plaintiff withdrew their case or they settled out of court…..their biggest fear are pro se defendants asking for discovery from what I have read lately!
Every story from every one recall us a date which will live in infamy.
I was just watching the ticker on FOX business and they are listing bank of America as NEW BANK OF AMERICA CORP????? Makes me think they are up to something shady….
I mean bof A of course!!
This sounds like our story only with GMAC and US Bank.It’s surreal because everybody has the same story just with different lenders and so forth.Will keep these people in my prayers that everything works out.Dang ya’all shouldn’t something be being done at a much quicker pace?
What planet are these media people living on? Stuart varney of FOX news just said there is no inflation? WOW! You have got to be kidding me! I see the prophecy unfolding every time I go to buy groceries where it will take a weeks worth of pay to buy a days worth of food…! You get nothing much tor the money at all! A hundred dollars is like a twenty dollar bill… even kudlow said q.e. was making him broke! I guess Bernanke is interested in taking over fannie and Freddie! WOW!!!! What a deceptive remark…! Bloomberg reported months ago that the FED collects trillions of dollars a month in mortgage payments! They are all in the same cabal!
The common thread to all the posts after this story is that the homeowners – not the banks – were the responsible ones. By that I mean the homeowners were proactive in seeking assistance while current or in the early stages of delinquency in order to stay current or avoid foreclosure. Contrast this with what the bank propaganda machine would have others believe – that we are all either strategic defaulters or squatters. I have to give the banks credit. Despite everything we are trying to do, they seem to be winning the PR war.
And how were these responsible, proactive homeowners rewarded? They were either foreclosed on while still current or tricked into borrowing from 401K’s to make payments toward trial modifications that the banks knew would never become permanent. Others have spent tens of thousands of dollars in legal fees to either keep or get back a home that lawfully belongs to them.
And now we are led to believe the likes of the OCC or state AG’s are on our side. Really? The same OCC who almost always rules in favor of the banks? The same AG’s who never replied to any of our letters, emails or telephone calls? Now we are to believe they will negotiate in our best interests? Pure, unadulterated BS.
I have to agree with “JS” in that the most disappointing (and I would add “heartbreaking”) part of what we all seem to be going through is the reaction – or lack thereof – of family, friends and neighbors. They either don’t care or are too busy being entertained by “bread and circuses.” The real “Hoarders” reality show is the banks gobbling up properties. Instead of Courtney and Kim, it is “Brian and Jamie Take New York.” And California, Nevada, Florida, etc.
While I would not want anyone to experience the pain I have felt, I would like them to understand it. The pain I refer to is not just “financial.” The emotional toll a foreclosure takes on one cannot be understated.
Thank you Lisa and Michael, for offering this forum. It is comforting to know I have this site and “friends” who understand what I am going through.
Wake up America….the Nazis always blame the victims….!
Obama and all of the presidents and almost all of the politicians were and are just agents of Rome..JFK stood up to the establishment and we all know what happened to him…Jesse ventura said obama is a Cia agent…I think all presidents are…
I have posted twice now on this thread. The more I read the more I wish we could figure out a way to beat them at this game. My story like the others is the same but different. The same in that the Clown Banks tell you 500 different things, then do something completely different than any of the 500 things. You read these stories and you begin to believe that Wells Fargo, JPMorgan, Citi, BofA and the other Usual Suspects! all got together in a room years ago and decided this is how they where going to screw America. How they paid all the Judges and AG’s off, I can’t imagine.
Bank of America’s, BAC Home Loan Servicing actually told me repeatedly when I call for a modification, that I would need to miss a payment before they could help. It seem after reading all these post that each servicer/bank had their own little scam to pull people onto the Hamster Wheel of dread and foreclosure.
Get a lawyer and don’t give them your money without a lawyer review of anything they commit.
Good Luck and keep fighting.
Thanks to 4closurefraud and all the other internet based advocates. I would know what I know today without your efforts.
Ron…I discovered something when I went and viewed my recordings at the recorder of deeds office…all of these banks act as one giant monopoly…a giant racket…..they are all just tranches of the World bank…! The world bank gets away with massive racketeering…..they own it all…including the FED! The head of the beast is the Vatican….
The Vatican owns it all via many proxies….Goldman Sachs is one of the largest Vatican/Jesuit owned banking proxies in the world….they love to put the Jews in positions of high power so when things go wrong the Jews get the blame..Ben Bernarnke for example….these people are just puppets tor the new world order/Vatican/Jesuits…
The Vatican is in my opinion one giant ongoing criminal enterprise….and I am Catholic…..religion is a ruse they use and hide behind to deceive the people..!
Bloomberg news reporting unemployment is down to 8.5%! Why do they lie about that number so much? To deceive the people into thinking things are not that bad..all you hear about is more layoffs everyday…I heard the mortgage servicing industry is laying off 10,000 workers….Boeing is laying off as well…how many of those temp Christmas jobs are over wifh now…retailers reporting a not so merry bottom line..where are all of those people going to find work? The media are very deceptive and dangerous liars!
I underwent a similiar situation involving Litton Loan in 2009. Heard about the HAMP program and sent in letter requesting consideration in order to reduce loan payments. I was NOT in arrears. The letter was sent in in early March 2009, by March 13, 2009 I received a letter from a law firm advising me that on April 7th my home was to be sold at a trustee sale. (Tennessee is a non-judicial foreclosure state). Thankfully, I have worked as a paralegal on complex litigation cases for over 20 years and spent a considerable amount of time researching and drafting a lengthy federal lawsuit, which was filed against Litton, Goldman Sachs and others regarding my securitized loan that was purportedly in a “trust”. See Robert and Ava Stamper vs. Quicken Loans, et al Eastern District of TN. I was up against 7 different out of state lawyers (including general counsel for Goldman Sachs out of N.Y.); needless to say, I walked away with a “modification” (not of the HAMP variety, but better), which was executed by every entity remotely connected to the “trust” and Litton Loan. I probably aged 10 years during this process, but now have a very nice 2% mortgage and a few dollars in my pocket….I work for Legal Aid of East Tennessee and am happy to share my knowledge with anyone who needs assistance. I am now the “go to” lady at Legal Aid for foreclosure/default issues and became a NCHEC Certified Foreclosure Intervention and Default Counselor and Housing Counselor as a result, as well. Don’t give up!
I have gone through an almost identical situation with SAXON MORTGAGE SERVICING and THE BANK OF NEW YORK MELLON TRUST , AS SUCCESSOR TO NOVASTAR MORTGAGE SERIES 2005-.
My house was sold art auction on 1-5-12 for $25,400.00. Of course it was purchased by the bank. I have a hearing on 1-10-12 before the judge as I have filed an affadavit for FRAUD UPON THE COURT.
I do not believe that BONY has standing to foreclose and I do have an Assignment of Mortgage that was signed by a known fake robo signor, Alfonzo Greene, as VP of MERS. The forst page of the Assignment says effective November, 2007. The second page is dated 2/26/09. Bank of New York Mellon’s head of Asset Department sent me an email stating that BONY does not physically own my loan or have any say in how the property is disposed. Big mystery. She said Saxon Mortgage Servicing takes care of all of the issues with the loan. But Saxon does not own the loan. They are the servicer. If you can email me and we can exchage phone numbers that would be great. I will file a FEDERAL SUIT asap. My email is cocobeach5@gmail.com. Many thanks.
Sorry about spelling errors. I am just upset, trying to pack, etc. I have to be out 1-17-12. Hope to hear from you.
Hello Ava,
I read your comment in forclosure fraud in response to a letter. I have also had so many problems with Litton which was now sold to Ocwen in 9/2011. I was served forclosure papers 9/1/2010. I am in fear everyday of the out come. I have deligently attempted to apply for HAMP was denied and have sent form after form after form for a modification of the loan. You said that you would share your knowledge with anyone who needs assistance. I could surely use any information you could share. I live in NY. I thank you.
Maureen
The story above is our story with CitiMortgage except we have been disputing an 11% interest rate. We made the same phone call and OVER 72 months later (we dont have to explain what that has been like) we will be going to mediation this month. We paid over $43,000.00 to this company is 54 months (only $200.00 came off the principal) just to end up in foreclosure again. Our last two payments were blacked out and we have had to HIRE ANOTHER ATTORNEY. We only have a $62,000.00 mortgage and we have been paying on our house for about 18 years. So good luck with your situation and I will post what happens at mediation on January 19, 2012. I am a nervous wreck and we hope we havent paid all this money and still lose our home. It has been financially devastating and like one comment above said, “If you talk about it…..people think you have lost your mind”. Well Folks, I am talking about it to anyone who will listen. Its not a pity party; its education and trying to help educated that one person that may be CAN be saved will be worth the effort.
Dont Forget where all this started……..Fight the Good Fight and Your Home is Your Castle, Defend It!
Imanda,
If you have been paying into your mortgage for 18 years I would guess you have considerable equity. If you do, you won’t get a modification because it’s more profitable for the servicing bank and MBS investor to assess fees and penalties and kick you to the curb, taking as much of that equity as they can get away with.
You might want to go to checkmynpv.gov and “run your numbers” to see if you qualify. it might even be helpful to try varying input figures to see if you are close to qualifying or disqualifying as the case may be. If you get favorable results bring printouts to the mediation as evidence that you qualify for a modification.
Chase operates the same way. These crooks must have meetings at some bar where they concoct this bullshit.
All of these crooks got bailed out and yet the piss poor government and this joke of an administration are allowing these maggots to foreclose. This new consumer protection agency which has been in the news lately is supposed to HELP the consumer who is getting screwed by these banks. I say everyone who is getting screwed by these banks call every damn day and demand to know why after being paid for these ‘bad’ loans why the hell they (the banks) are allowed to double and triple dip!
I too have a nightmare story. They put you into this web and create this screwed up reality to bleed you of every dime, then take you house. I have been on the Hamster Wheel with BAC Home Loans since August of 2009.
Don’t give into there crap. Save the money you are not sending them in mortgage payments. And get a legal backstop. Everyone in this situation needs a lawyer. You need legal advice before agreeing to anything with these clown banks. These banks aren’t playing by the rules. And the courts aren’t upholding the laws. If there is no light at the end of the tunnel. Save you money and move on. String them along with a good attorney and save your money. The courts in many areas are so backed up with this stuff. In Judicial Foreclosure states you can hang on for years at minimal expense. I feel for the people in Non-Judicial states.
I know its not easy to leave a family home. But to give into their demand and leave yourself with nothing is foolish.
Identical with Countrywide/Bank of America/Wells Fargo? whoever bought it/traded it/ even Federal Housing I was told you had too be late, tried to keep at 90 days out! did not work! Foreclosed upon/ now waiting a pending short sale? Hafta??? Hafta2?? now I am told they will only approve the first?? and the second a Helloc at 51,000 paid reliegiously interest only 5 yrs/would not sign off on? Bank of America LP Servicers, everyone nothing but lies? mONEY TO MOVE OUT? fORGET IT, GET OUT BEFORE YOU ARE LOCKED OUT, AND THEY ARE NOT GOING TO APPROVE IT, JUST FORECLOSE, lIARS ALL OF THEM HELD HOSTAGE GOING ON 2+ YRS,
These banisters are stealing our property for the new world order…..their incentives are very lucrative with the a.I.g.credit default swap insurance $$$$$$…
Oops meant to say banksters…this touch screen is nutty…
My family has had pretty much the same experience with citi and their lawyers. Home was eventually auctioned and repurchased by citi who was not the originator of loan. Later sold or given to BAC and eviction noticie was served. We had to uproot our family. It was an exhausting experience. I pray you and your family make it through it and know that this is due to no fault of your own. Stay Blessed!
Citi and the yellow envelopes. FYI – call the sheriff or police the next time they come on your property to hang that on your door. It’s trespassing. If they come back after they are warned the first time, it’s criminal trespass and the guy will be arrested. Try it. The yellow envelopes will stop. 🙂
This story, incredible as it seems, is similar to what millions of Americans have suffered through… at least those that had the wherewithal to keep fighting, and didn’t simply pack up and walk away.
The “doorhangers” you mentioned, based on those I received from Chase, were intended to determine if the property was still occupied. They are delivered by a third-party service.
Now some may claim the banks were overwhelmed and simply couldn’t get people trained quickly enough, but the consistency of stories across all the homeowners and all the banks, is a sure indicator that they knew exactly what they were doing. They deliberately failed to train people, and deliberately built processes meant maximize profit with no consideration for human decency, or the law. (The servicing banks make lots more money on delinquent loans and foreclosures than they do on performing, timely loans.) And all the time our government officials, our regulators, and our president turn a blind eye. Consider, in the 1930’s in similar times, the federal government created the Home Owners Loan Corporation, and directly refinanced over 1 million mortgages at prevailing low interest rates. The purpose of the HOLC was to SAVE homeowners from foreclosure. They actually went to peoples homes and knocked on their doors offering help!
After a “3 month” trial, that consisted of FIVE months of timely payments, and all accurate paperwork Chase rejected out modification, stating at first that we failed to meet the 31% income to housing expense requirement, then conceding that was grossly wrong, and rejecting us for the cryptic reason of “negative NPV”. Three days AFTER rejecting us they also sent a letter threatening to drop our request because I failed to provide my DEATH CERTIFICATE (Yes, REALLY, and Yes, I have it in writing!). Yes, I was in Chase HELL but not DEAD!
Now we are two payments into another trial that I believe will succeed. It will succeed for four reasons: 1. I am dealing with the bank in NY foreclosure court, where they behave a bit better, 2. We hired a great attorney who knows all the angles 3. We are so far in arrears that there is no more equity left. (As I’ve posted many times before the banks won’t give a modification to a homeowner with equity… as MANDATED in the FDIC HAMP Guidelines…which were intended to help MBS investors not homeowners, as advertised) 4. Chase knows they have no proper chain of title, and Deutsche Bank, Trustee is suing to put these mortgages back to Chase for false Reps and Warranties, etc, with their evidence coming directly out of U.S. Senate testimony. The permanent modification will surely require that we sign away all our legal rights regarding all the fraud committed regarding our mortgage.
Perhaps the most frustrating aspect of this ordeal, is that our story sounds so incredible that friends, family, and strangers all react in the same manner as they would if I said I just saw Martians landing in the backyard. Its just too unbelievable except to those who have experienced it for themselves…. or read up in detail (which VERY few people are willing to do… and no mainstream media is properly reporting)
This is America?? if our modification fall through, I will move to China where I can survive on my modest retirement accounts and I will have no false expectations about individual rights.
I wonder what State and county this homeowner resides in.
JS your story sounds like my worse nighmare with Chase, been trying to get loan mod since the end of 2009, then in December of 2010 they filed a foreclosure while I was still attempting to get the modification and nothing since, all I do is submit document after document and told I am finally at the underwriters which I thought thats where I’ve been for the last year and a half, anyhow I am getting the little brown envelopes in my door then my Son was walking home from work & said that there was (his words) some fat guy in a little car taking pictures, ok enough, like said earlier, scarey, we don’t know who these people are, and the neighbors and I told Chase so now they give me a heads up when someone is coming out to take pictures, and whats up with all the pics, I don’t know I just wish this nightmare would end, This is what I don’t understand, I got turned down twice because they said I didn’t make enough money which I had to get a second job but they never had a problem giving me tha damn loan back in the day & refinancing it again in 2006 which then it was Washington Mutual who called me to refi to get a better rate, go figure… any advice, I would love to heat it.
Kathy,
Like I wrote, these horror stories are the norm. In my case they said my income was too high. They tried this excuse twice; once up front, after I didn’t accept their first lie, that 2-family homes didn’t qualify, then they tried it again after a five month trial, 3 days before they wrote that they required proof of my death. Both times they were forced to admit that they gave me the wrong excuse. They finally sent a rejection based on “negative NPV” …. a calculation I could not verify at the time. (Now there is a web site to check NPV.)
In my case they asked for documents over and over again…even the Dodd-Frank Certification which they requested repeatedly and then told me it’s only needed once and we had sent it NINE times!
Now we are on a trial again, but they refuse to provide a written estimate of the final terms…. so I am making payments towards a permanent modification with terms I cannot review.
Mine was a 2006 WAMU refi as well. Perhaps yours, like mine, was sold to Deutsche Bank, never assigned until they decided to foreclose, and is included in the pending Deutsche vs Chase (as successor in interest to WAMU) law suit which documents that the mortgages were fraudulent…. a suit which Chase disputes on terms that it is not successor in interest to WAMU… even though the 3-year late assignment of my mortgage to Deutsche (in breach of their contract with Deutsche) was executed by “Chase as successor in interest to WAMU”
Now hearing all this one would think I’d have an easy time kicking their ass in court…. but I’d need a million dollars for legal fees to stand a chance. Where is our government???
I could write more… but I’ve got to cut it short…. it looks like a bunch of Venusians just landed in my back yard!!
I am glad to report that it wasn’t Venusians I heard outside:
I was taking a nap…
When out on the lawn there arose such a clatter,
I sprang from the bed to see what was the matter.
Away to the window I flew like a flash,
Tore open the shutters and threw up the sash.
The moon on the breast of the new-fallen snow,
Gave me fresh hope of a loan mod. the bank might bestow.
When, what to my wondering eyes should appear,
But eight robo-signers, and Timothy Geithner.
With a stallworthy driver who was clearly a charmer,
I knew in a moment it must be Obama!
More rapid than eagles his buddies they came,
And he whistled, and shouted, and called them by name;
“Now, Dimon, now Lowman, and Stephanie Mudick!
Now Geithner, now Bernanke, you’ll do the trick!
To the top of the porch! To the top of the wall!
Take their cash, take their equity! Yes, take it all!”
As forged documents that before an eviction will fly,
When needed in a judicial foreclosure to try.
So up to the house the bankers they flew,
With a pack full of lies, and the HAMP guidelines too.
And then, in a twinkling, I heard on the roof
The conniving and lobbying of each of these crooks,
As I drew in my head, and was turning around,
Down the chimney Jamie came with a bound.
He was dressed like a banker, a modern day crook,
Struggling to carry the huge bonus he took.
A bundle of bull preceded his track,
With a dual path to foreclosure his clever attack.
His eyes – how they twinkled as he talked of late fees!
His hands opened wide, as he assessed penalties!
His pockets were bulging with the cash he had stolen,
“Chase. The Way Forward” he sang (his clever new slogan).
The AG’s settlement he held in his hand,
And he paused for a moment to sign this new scam.
Then he let out a big deep belly laugh,
and exclaimed “I even own the Whitehouse Chief of Staff!”
He was sneaky, and snaky, a slimy bank elf,
And I spat when I saw him, in spite of myself;
A wink of his eye and a twist of his head,
Soon gave me to know I had everything to dread;
He spoke in bold lies, common sense he offended,
As he rejected our trial payments as he’d always intended,
And laying his finger aside of his nose,
And giving a nod, he said “You’ve really been hosed”
He squealed out, “Your equity’s a substantial amount”
“So I’ve foreclosed your house; taken every penny I count!”
And I heard him exclaim, ere he drove out of sight,
“Foreclosure to ALL , our greed you can’t fight!”
…. too bad is wan’t Venusians!
Someone needs to put a contract on the heads of the CEOs of these criminal banks.
This is very well written – thank you so much for posting and thank you to the author for sharing.
I get tears in my eyes when I read these stories but I never let one pass me by. These stories must be read, must be told and cannot be forgotten.
I just don’t know what has become of America. Our government and so-called regulators standy by and allow the banksters and their accomplices get away with the financial rape of its citizens. I mean, I am reminded over and over again that the powers that be know exactly what is going on and they turn a blind eye.
Just read a story today about the FEMA Camp contracts that our government is seeking to secure (for those running these camps) — you can link to the actually proposal requests for contractors needed to run these facilities. I think I located this initially via an article in “American Thinker”. It was a week or so old. Anyway, it is as if our government is preparing for some serious civil unrest vs. a terrorist issue and is setting in motion the contracts needed to make this a reality. There are so many of these facilities and they’re zoned by states…just scary. So – with all the remarks about how our government wants to turn us into a nation of renters…but maybe they’re going to take us more “disobedient’ ones and provide us with a room in a facility such as this, eh? Well, I am not taking rides in any black SUVs, they can take THAT to the bank.
This sounds eerily familiar. Bank of AmeriKa pulled a similar stunt with me. I contacted them – while current – about the possibility of an interest rate reduction. Next thing I know, I’m in foreclosure. Apparently, the guy they paid $6 to do a “drive by” BPO thought my house was vacant because there were no kids on the front lawn playing baseball. BofA contacted my carrier and erroneously advised my property was vacant , and my carrier immediately dropped my homeowner’s insurance. Because of the pending foreclosure, I had lender “placed” insurance forced upon me. By the time they got their wish and my foreclosure was completed (after several cancellations) my lender forced premium was 5X the amount of my previous policy.
I hope I’m wrong but this sounds like yet another attempt by a bank to dangle false hopes in front of someone in order to drain them of their remaining cash.
Wake Up! This is all by design.
Oh my gosh, this is our story with Citi almost to a T. We also made that “fate-full” call to Citi back in July of 2009. We also were not late or behind on any payment. We called to see if we could stop escrowing. (Our December bonuses more than paid homeowners, taxes, etc.) We were going to be getting a pay cut and that $300 a month not escrowing would be the savings we needed.
We were put into a modification. And then ultimately, made to be behind in our mortgage. We also were all of a sudden foreclosed on while in the middle of a modification. We were offered one modification with a much better interest rate, my attorney had a few simple/basic question and called/emailed a contact person whom we were given the contact information. They never called back and they closed that modification offer and NEVER told us.
We had to do another modification, worse interest even though ALL of the numbers were the same. We save under $100 a month from when we called them in 2009. But had to pay over $20,000 in interest, fees, attorney fees etc. And that does not even count our own personal attorney fees. Our balance that we owe is now more than it was 2 years ago, and our credit is completely shot.
It was the same lies, misinformation, lost paperwork.
We finally accepted the awful modification just to get the case dismissed. We didn’t have anymore money to keep paying an attorney.
It will take us a few years if not more to get back financially where we were and our credit restored. I never again will trust the words from Citi and request everything in writing or via email.
This mother FNG CITI in late 2006 relentlessly called and harassed me me to do a refii I resisted
but… CITI would not leave me alone. Out of the blue I was hit with forced placed insurance this was after CITI ratcheted my rate from 6-5/8% to 11.00% !!!!!
Please note I did have an active insurance policy fir my property.
The CITI crime factory stole from me about $25,000 CITI pushed me out of my house I was forced to sell my beautiful home. I also had a CITI credit card CITI viciously attacked that too.
CEO Jamie Dimon you are a POS criminal YOU BELONG IN JAIL!!!!
That would be Vikram Pandit that is the Citi POS. Dimon is the POS CEO of JP Morgan Chase.
It isn’t vikrim pandit it is someone else….
I hesitate to comment as my last comment was greeted by endless derogatories. But take hope. There are now-many programs which will stop foreclosure for some time. There is a program that will eliminate your loan-or get one reimbursement for the loan, and lastly there is HAMP2 which will refi homes at present day value at current 4% rates-as announced Dec1, 2011. I’m 84+ and have followed distress properties in California since 1973, so I recognize worthwhile programs. I don’t know how to reach anyone to reveal my sources-maybe Mike can help
Right…..People are NOT getting help.
With all due respect, if you have not personally had these types of issues “Grandpa”, please move along and if you’re a troll – you aren’t one of us – so please move along.
Grandpa….people are being led to the slaughter by refinancing and loan modifications…..these people better read those contracts very carefully…but first they should check in their recordings and original closing docs for fraud..,if they lose their livelihood and they sign and reestablish a new debt they may have no legal recourse to fight a fraudclosure…..beware. of any bank or the government offering to fix your problems…..it could very well land you in the street..!!
Grampa,
HAMP is a sick joke. it hasn’t helped anyone at all!
I know how you are feeling because when I was reading your story I thought “did I write this”!!! The same thing happen to me and my family. they tried to foreclose on me 14 times, I was able to stop every sale date and finally after 2 years i just got a loan mod completed last month. They gave me a lower % but they tacked on the remaining balance to my loan. the bottom line is that in 5 years I still will be upside down and the payment will increase and I will have to move out in 5 years. If it wasn’t for my family I would have walked away now, but I told my wife you have 5 years of renting this house and we will have to buy other before then. The problem is the USA is based on GREED and there is more to come. You thought the real estate crashing was bad there is more to come… So be prepared… Good Luck!
Wow. Just wow.
Please stay.
I have a similar with BAC. Ongoing since October 2009.
Good luck
First of all, do not file the fair foreclosure review paper work. Second, you are under the assumption that during your entire ordeal, you were dealing with Citi. The truth is, Citi more than likely outsourced your loan for default servicing once they had you at the 90 day default mark. From that point on you were doomed. Get a lawyer immediately. It is not easy to find one who understands this mess, so educate yourself. Start researching LPS and Fidelity Network and you will get a better understanding of what happened and why. You have a very compelling case, so please speak with an attorney. Best of luck.
“Get a lawyer immediately. It is not easy to find one who understands this mess, so educate yourself. Start researching LPS and Fidelity Network and you will get a better understanding of what happened and why. You have a very compelling case, so please speak with an attorney.
I hate these kinds of comments!!!! GET A LAWYER!!!! Most of them want a huge retainer and most just want you to file for bankruptcy…I tried to tell two local lawyers the fraud that was happening to me and neither WOULD LISTEN and basically just wanted money and to deal with it HOW THEY WANTED…To represent me in foreclosure and not really care if the bank STOLE my property as long as they made their money by ACTING like they cared…….I refuse to aswere my phone with the bank anymore…They are now ringing my phone daily to offer me the NEW GOVERNMENT cash for keys BS….Sign here please….we will give you $1000 to help you move while we just illegally take your home!!!! My wonderful TITLE INSURANCE i paid for…..THEY WON’T EVEN TALK TO ME ON THE PHONE!!! First claim DENIED and they lied and said that my clouded title was NOT COVERED by the policy and it states big bold letters THAT IT IS!!! They didnt even do and AUDIT and denied my claim!!!!!! I had and audit prior to contacting them that said the TITLE IS CLOUDED!!!! Lies, lies, lies, lies, lies, lies….
I am sorry to hear this but it is the same ol story. The criminal banks are out of control theives and gansters out to steal the houses, thousands of them. One of my customers payments was reduced six dollars and after nine months her same nightmare began. After five modification payments and doing exactly what the bank told me to do they sent me you are now unapproved and your mod payments are considered to be partial payments and you are in foreclosure statis. I have been fighting them since this letter on October 13, 2009. My son has been fighting them since a month later. Hundreds of friends customers and relatives are in the same boat with us. We are not dead beats trying to get a free house, they are criminals trying to steal free houses. The media will not help you. Until just recently they have kept silent. Now we do have some media bring the truth to the surface. The judges for the most part in the courts are corrupt and enableing the predator debt collectors. It is every big bank and every debt collector working for them. It is the biggest ponzie scheme and ganster reality in history. Perhaps that is what we should do is a reality show of thousands of victimnes of these banksters. It would get the word out. We are gaining ground.
join the club Wells Fa.rgo did the same to my family
Wells Fargo had my brother in law fraudulently evicted via the homeowners association…wells Fargo pulled our business line of credit and put us out of business when they bought out wachovia….wells Fargo is the spawn of Satan….our home and business went into fraudclosure because of wells Fargo….I hope they all rot in hell soon!!!!!