Chicago Family Refuses to Leave Home After Foreclosure Fraud
Silva Tellez remembers holding the phone in her hand and dialing the number that came on the letter about her mortgage. It rang and rang, she says, but finally a machine picked up.
“It said, ‘Your loan modification is denied,'” she says. “That was it.”
Tellez was shocked. She and her husband, Alvaro, hadn’t missed a payment since their loan modification was granted. What they hadn’t realized was that the bank had already started the foreclosure process.
Today, the Tellez family is standing up, with help from the Chicago Anti-Eviction Campaign, and saying they won’t go, even if the sheriff comes to evict them, because they were victims of the sub-prime loan craze and foreclosure fraud.
Foreclosure fraud has been in the news a lot lately. It’s not just the so-called “robo-signers” either. Propublica’s Marian Wang detailed the various ways banks are swindling homeowners, including foreclosing on people who aren’t even behind on their mortgage. One of those ways is the dual-track foreclosure and loan modification process, which the Tellez family says they are dealing with.
Banks aren’t supposed to foreclose on homeowners until they’ve exhausted all available loss mitigation options. But foreclosures and loan modifications being processed simultaneously by different divisions within the bank can cause many struggling homeowners awaiting approval for a loan modification to be foreclosed on first.
Silva says when her loan was sold from Fremont Investment and Loan to Litton Loan, she was told she could continue the modification with the new company. But twice, when she tried to send in the paperwork and then the payment a week later, she was told that the check got there before the paperwork and thus couldn’t be processed. The third time, she was told the modification went through and continued making the lower monthly payments.
So when the Tellez received the answering machine message that their modification had been denied and that Litton Loan had auctioned their house, bought for $405,000 in 2006, to HSBC for a mere $10,000, they were shaken.
“I was thinking we had lost our house,” Silva says. “I thought it was over.”
But then she met someone from the Chicago Anti-Eviction Campaign. “They told me it wasn’t over,” she says. “That I could keep fighting. So I am.”
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GEORGIA RESIDENTS: Possible CLASS ACTION LAWSUIT. Is Bank of America trying to foreclose on you? Contact us and tell us your case. sonya36767@yahoo.com dfg@guldenschuhlaw.com 706-295-0333
If only one could tell all those who have lost their jobs…used all their saving to survive…lost their home..lost the autos…lost health insurance…lost hope…just look at what I wrote in this sentance. Study and think of what you lost. Think deep..there is a ‘ clue ‘. Now think back what has happened in this country and around the world for this decade we are leaving behind soon. There at the start was the millions of babies and children given mandated vaccines. The world had babies /children with sudden deep health issues, many died others harmed for life. Never no real answers given, we were told to believe the government and pharma…with excuses given…. While are minds are on this health issue taking over the world,.. warnings were ignored by the government that we were going to be attacked. Bush was sitting (a few miles from my home in Florida) with young children in school reading a story book…no one watching the home front…New York was attacked on Sept. 11, 2001 while Bush sat with grade schhol children. Now our minds are getting confused with devastating life problems with our babies ..and the ‘ attack ‘ in New York.. another devastating horrible act.. that left many questions unanswered…to this day. Soon this country decided to attack Iraq…why?? Ask Bush, he has all the answers. Now our minds are getting numb…all this in a short time period. With 3 horrible ‘acts’ now the talk of the world…another devastating ‘ act ‘ was already in force…but it was a fallen cake that has alot of frosting on top to hide the fallen cake…a disguise. That perfect looking cake was a sign that times were changing for the good. Interest rates went way down….everyone got credit cards, people bought houses, cars, furniture..took trips…we were fed how good everything was. This helped our minds to stop spinning with worry…as we all stepped into the fire. So those first 4 years should have opened our eyes…something was not right. ‘ When things are going to good, look out. ‘ But the happy times continued till the jobs started leaving this land…those bills were getting higher, cost of living was going up, house payments went out of sight…till the bubble burst. Many knew exactly when it would burst…but not the borrower. So think, what could have caused all this to happen in one decade. Think of all the countries that are bankrupt. The whole world… As we look and find fraud in foreclosures…yet no indictments. Crime does pay..it has spread over this earth…and controls…. Did you get the clues???
THEY SEND POLICE NOW ..IT HAD ALREADY COST A MAN HIS LIFE AND STILL THEY DO NOTHING!!
GEORGIA RESIDENTS: Getting together a CLASS ACTION LAWSUIT against Bank of America. Contact us & tell us your case. sonya36767@yahoo.com. dfg@guldenschuhlaw.com 706-295-0333
Litton is Goldman “SUCKS” so what do you expect? they are the biggest scam artist in the world, they took the money from middle class America , The biggest extraction of money form middle class people to the banks (reverse robing hood) they have the government in their packets, the fed, the treasury etc. many people in power working in this institutions use to work at Goldman “SUCKS” (talking about conflict of interest) so they are not for the people they are there for Goldman “SUCKS” (Litton) so is anybody surprise that they did this? I am not, this case is only the tip of the iceberg
HOW DO YOU LIKE THAT SINGAPORE HAS JOBS, HEALTHCARE, HOMES EVERYONE WHILE WE BUY THEIR GARBAGE.
NOT SURPRISED AT ALL YOU COULD SEE IT COMING WHEN THE DOWNSIZING STARTED 20 YRS AGO
Do what Americans did when Mexico dishonored their home purchases. Burn it to the ground!
REMEMBER , WE THE PEOPLE: WE ARE ONE NATION UNER GOD , INDIVISIBLE, WITH LIBERTY AND JUSTICE FOR ALL. WE HAVE NOTHING TO FEAR BUT FEAR ITSELF.
The only way WE win. WE HAVE TO
Make a stand or THEY win. You go people, MAKE A STAND. YES, WE CAN DO THIS!! God Bless America!!!
When it gets to the point of having a Sheriff knock on the door to evict, it’s a different level of ‘justice’ which allows the use of force, guns and/or many other measures to enforce the court’s decision.
This is a particularly difficult time and one which requires VERY careful consideration of options.
Be careful here, please. This could have a nasty outcome.
YES! YES! WE THE PEOPLE MUST KNOW THIS BECA– USE THIS IS THE TRUTH. WE THE PEOPLE HAVE THE TOOLS AND THE RIGHTS AND THE FREE WILL TO DO THIS. THESE TOOLS WERE GIVEN TO US BY GOD AND OUR FOREFATHERS. WE CAN DO THIS PEOPLE. WE SHALL OVERCOME!! GOD BLESS AMERICA!!!