Comments on: For Many Home Equity Loans, Payment Shock Is Near https://4closurefraud.org/2012/07/15/for-many-home-equity-loans-payment-shock-is-near/ - Fighting Foreclosure Fraud BY SHARING THE KNOWLEDGE Thu, 04 Dec 2025 17:43:05 +0000 hourly 1 https://wordpress.org/?v=7.0.7 By: LDean https://4closurefraud.org/2012/07/15/for-many-home-equity-loans-payment-shock-is-near/#comment-392954 Tue, 17 Jul 2012 02:32:22 +0000 https://4closurefraud.org/?p=49391#comment-392954 In reply to Liz.

What about the so called HELOC’s that were issued under America’s Wholesale Lender? The 1st sham note/deed of trust also under America’s Wholesale Lender which was sold on Wall Street under CWABS 2007-2. The so called HELOC that Bank of America and their attorney’s state they do not have to show proof of the loan. Are these so called HELOC’s hiding under rocks somewhere because they have definitely been separated somewhere down the road with all of the mortgage fraud. I feel the bank should have to produce where America’s Wholesale Lender ever lended the funds in the first place.
Quite frankly I believe this is another mess that will be uncovered as we fight for foreclosure fraud.

]]> By: Liz https://4closurefraud.org/2012/07/15/for-many-home-equity-loans-payment-shock-is-near/#comment-392338 Sun, 15 Jul 2012 14:56:00 +0000 https://4closurefraud.org/?p=49391#comment-392338 It would seem logical that modification of the first lien HAS to wipe (automatically) out the second lien. And of course, not by itself. I see it as a few-step process: both lenders/servicers/groups of investors (or the same one in some cases) mutually agree on wiping out the second lien, then get approval from the Treasury, then finalize the modification on the first. Or the second lender may negotiate with the borrower for “short pay-off (10-30%) and closure” of the second lien. Whatever way the parties choose, it should be a constructive way with a vision of tomorrow’s issues if it is not done today.

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