Comments on: READERS | HELP DRAFT THIS: The Top 10 Biggest Bank Lies About Foreclosures

By: Ali

Ali — Thu, 15 Dec 2011 20:24:19 +0000

1) Origination Fraud (we did have an attorney @closing) so he lied too!
2) bought more then we could afford. (we put 50k down just so our payments would be reasonable)
3) they lied to the VA about our loan.
4) first bank that got it was Washington Mutual (never recorded w/Recorders office, only found out about it when we got what we thought was our yr. end 1098
5) Called broker’s office to see what kind of paper work they had, was told paperwork was shredded after 5 yrs
6) note sold or assigned multible times lke a stripper at a BOA/Countrywide Christmas party!!!!!!!!
7) given false information about loan mods. Approved for a mod and three days later(after sendind almost 2k were told we could not have mod because BOA made a “Cap Fee) error)
8) Worked w/ Hopeless for Homeowners for 1 and 1/2 yrs. (contact called me on her own to say goodbye because she was quitting because she kept being repremanded for “taking too much time with clients) Thank God because I would never have been able to prove deniel for mod hence no fabricated mods.
8)they tried to say we were approved for aforementioned mod. anyway
9) sent notice of intent from Countrywide in 09 after a”Quit Claim Deed ” signed in 07 from ReconTrust Co.
10) all or most title companies bankrupt or fraudulant, Recon, Stewart, Ticor….
11) never had aproblem till Countrywide/BOA came into the picture.
12) lies to the IRS (which is ultimately going to bring them down)
13) notery fraud
12) signiture fraud. I never signed origination paperwork as it was a VA gaureented loan from my husbands service.
11) loan paid for multble times by force placed insurance.
12) collection calls with caller i.d of “J.C. Archangel”. Saved to memory in phone for proof.
There’s just so much I can’t think anymore. Why do I need to hire a lawyer for 2500 retainer and 1,000 a month
for relief from all of their fraud and lies? I’m quite sure millions of people didn’t all wake up one morning and decide to lose their homes!!! I will not be voting for anyone who does not address this “Control Fraud” as Professor William Black put it.
Ali

By: Dawn

Dawn — Mon, 26 Sep 2011 01:46:17 +0000

Blame the Victim not the Bankster>
Banksters are using a smear campaign to stigmatise victims of
Appraisal Fraud, Origination Fraud and Foreclosure Fraud.
We are not deabeats.
We had jobs, income, and credit to qualify for these mortgages.
This is part of the great land grab known as Agenda 21 –

By: Dawn

Dawn — Mon, 26 Sep 2011 01:28:49 +0000

As experts we understand your economic situtation better than you.
If you couldn’t afford it we wouldn’t lend it to you.

By: Dawn

Dawn — Mon, 26 Sep 2011 01:22:59 +0000

Although you are a senior citizen and can’t aford the payments; In my professional opinion as your loan consultant; the value of your home has increased so much you’d be stupid not to refi and invest the proceeds and if you cannot afford the payments you can always sell and have plenty of equity to pay cash for another home.
(Appraisal $830K Loan $630K Current Vale $250k Income $2K)

By: Zoe

Zoe — Sun, 25 Sep 2011 17:18:45 +0000

1. Hello, this is Bank of America, and we’re here to help!

2. Your Honor, even if the assignment out of MERS is not legal, the assignment is moot. The mortgage follows the note.

By: mark

mark — Sun, 25 Sep 2011 15:37:00 +0000

2. We are the holder in due course of your note (we own your loan)
3. We loaned your our very own money and are at risk of loosing if you don’t pay us back.
4. Your loan is/was not securitized
5. We are not responsible for the economic crash of 2008
6. It is all the governments fault… they forced us to loan money to those who can not afford to repay. In reality the responsibility is shared between the government the banks and to a very very small degree the borrowers. Banks had to make a mistake they should have known better over and over, whereas borrowers made only one mistake which they had no idea of and should not have been expected to know what the banks were doing with these loans.
7. We have done nothing wrong we should not be punished or go to prison.
8. We have paid back all the government help we have gotten with interest. In reality we have further ripped of the people with onerous fees and charges to bail ourselves out in record short time.
9. We are loaning money to people. Yeah the people the T-bills way.
10. come sign up for this loan mod it will save your house, when they really mean sign here so we can have a record of our note that we lost 6 years ago and we can have an much easier time foreclosing on you and stealing your equity thus your property and at least 6 years of your life and your life’s hard work.

By: Heather

Heather — Sat, 24 Sep 2011 22:03:38 +0000

2. The person or entity holding title, as recorded with the County Recorder’s office is the legal owner. (false)
3. MERS exists merely to record who has mortgaged the properties in its’ databases. (false)
4. MERS has no financial interest in any property. (false)
5. Mortgage companies always hold the truest copies of paperwork regarding real estate transactions. (false)
6. Banks are willing to work with homeowners experiencing difficulty in maintaining their monthly payments. (false)
7. Mortgage loan servicers are experts at developing home loan retention plans. (false)
8. It is up to the American taxpayers and government to bail out the banks in a financial crisis, because the expert bankers are unable to determine the volatility of the securities they purchase. (false)
9. A forbearance agreement that requires the homeowner to make accelerated payments and provide documentation in exchange for a promise to have their loan reviewed for modification (but not necessarily modified) is a legal contract. (false)
10. Owning a home is a part of the American dream. (turning into a nightmare for many!)

By: marilyn lane

marilyn lane — Sat, 24 Sep 2011 14:40:39 +0000

The banks lied to all of us from the time we signed the mortgage and note
telling us they were lending us money and all they had to lend was their credit
prohiibited by Art 1 Para 10 Cl 1 of the US Constitution,
making the mortgage and note an Ultra Vires contract,
a nullity from the beginning.
A Nullity conveys NO rights ever., not even for a bank.

By: Kathleen Burt

Kathleen Burt — Sat, 24 Sep 2011 04:48:33 +0000

If you make all your HAMP trial payments on time, you’ll get the loan modication. (false.)

If you appeal your HAMP denial to the OCC , your case will be taken seriously. (false)
They only review a small % of appeals filed. I’ve yet to learn of anyone’s denial being reversed by the OCC,

If you go to your servicer’s local offices, their staff can help you avoid foreclosure. (false)

After driving 20-30 miles to the nearest office, you’ll again be given the same options already offered over the phone by Loss Mitigation: short sale, deed in lieu, or the “opportunity” to re-apply for HAMP.” These are the only 3 options that bank employees have on their computer screens. These are not good options, especially if youi’re not underwater, are making your paymennts, and desire to keep your home.

The only thing the local staff can do is hand out more HAMP forms, or make certain all the forms you’ve sent are in the computer. You could do this by phone and fax.

Homeowners are better off with a foreclosure defense attorney.

By: Mad as Hell

Mad as Hell — Sat, 24 Sep 2011 03:55:30 +0000

1.You do not qualify because you have a perfect payment history.
2.You do not qualify for a modification because you do not have a government loan.
3. The loan servicer tells you you must make late payments or miss payments to qualify.
4. A customer service moron who makes $10.00 an hr. tells you you don’t qualify based on the 4 monetary figures they asked for.
5. They finally agree to the modification & the information submitted is like a legal brief.
6. They did not receive certain papers required…fax again.
7. You fax the paperwork again.
8. Still missing paperwork send again (THEY WON”T TELL YOU WHAT IS MISSING)
9.You now send by mail return receipt requested.
10. Sorry; paperwork is still missing!?!?!?!
10. You have filed bankruptcy…we can’t speak with you with out a letter from your attorney.
11. We do not have the letter from your attorney…we can’t speak with you.
12. The attorney had to fax it 3 times & finally set it return receipt requested by mail.
13. 8 payments later……………..YOU DON’T QUALIFY
14.The same $10.00 an hr. moron; can’t tell you why you don’t qualify.

15. It’s all a PONZI SCHEME to get you into default so they can foreclose on you,
BANKS HAVE NO INTENTION to give you a modification unless forced by the court.

WAKE UP PEOPLE this is violations of The Rico Act and the Federal government is allowing this to happen; from the banks to the judges & the courts.

Follow the money they are all in the pockets of the Banks; people & communities are meaningless.

It’s all about money & greed; this is white collar crime at it’s best because the pretender lenders think they can steal your house even if they have no standing.

We must fight back because if we don’t….it’s just the beginning of more injustice.