Comments on: Independent Foreclosure Review: Interview of David Holland, CEO of Rust Consulting, by Sen Elizabeth Warren

By: indirestraits

indirestraits — Fri, 17 May 2013 15:17:50 +0000

I was told by a Rust Consulting supervisor that according to banking regulations they are unable to issue two separate checks for half the total amount each; one to myself and the other to the co-signer on my original loan. The co-signer and myself have no communication with each other. I do not even know where this other person is. Yet, Rust told me it is my problem that I have to resolve on my own. What good is a check I am unable to cash?

By: 4evrMoi

4evrMoi — Wed, 08 May 2013 13:08:38 +0000

It matters not what any of us did to save our homes; it was a “plan” for the big banks & government to “stick it to the homeowner”; NO ONE WAS ON THE SIDE OF THE HOMEOWNER”! Writing my Congressman, now a Senator (who is asking OCC “why” they did not reply to a letter from my Congressman), who also turned MY letter to the Comptroller over to the Consumer Protection Agency, who confirmed they (CPA) are contacting – guess “who” … CitiMortgage & Freddie Mac for THEIR “side” of what happened in my particular case!! It’s gone full circle … back to the crooks! There is NO FAIRNESS OR JUSTICE for the Homeowner! THEY have the power and they KNOW THIS! These politicians and agencies will back the government’s viewpoint AND THEIR LIES! So –

WHERE IS THE ATTY WHO POSTED THAT WE HOMEOWNERS – COLLECTIVELY – CAN WIN IN A LAWSUIT AGAINST THESE BIG BANKS AND THE GOVERNMENT … IT REQUIRES A LOT OF PAPERWORK & MONEY, BUT IF “WE” BAND TOGETHER PITCHING IN AT LEAST, $1.00 PER HOMEOWNER, THERE WOULD BE ENOUGH MONEY TO ACCOMPLISH THIS MONUMENTAL TASK?!! ALL OF WE HOMEOWNERS WOULD HAPPILY, PITCH IN AS MUCH MONEY AS NECESSARY – MOST, WILLING TO GIVE MORE THAN $1.00 !!!

As I stated to the Comptroller and the Senator actively pursuing my circumstances – I want MORE than my home back! I want it back FREE & CLEAR as well as restitution for the emotional duress, pain & suffering!!! What government has caused American, hardworking citizens, not to mention, destroying the “American Dream” of home ownership, is outrageously inhumane and SCREAMS prosecution and jail time and huge fines for ALL THOSE RESPONSIBLE!!

By: Debra

Debra — Tue, 07 May 2013 18:41:20 +0000

I feel the same way you guys feel!!!! Waited almost 2 years for them to send me 300.00. Then I requested the information they used to say that all I deserved was that amount. WHY CANT THEY SEND OUT WHAT THEY FOUND OUT??? Wrote to a lot of different agencies, senators etc. no help from anyone. I’m so upset because they did not do the review they took a settlement. If they had of done the review I would be buying me a new home with my check

By: Thalia

Thalia — Tue, 07 May 2013 17:30:58 +0000

It’s just a sad situation for every homeowner involved. It does not matter to these people that we lost our homes, something that I worked very hard for. I am now paying rent to live. What made them think that $300 is sufficient for such a major loss? The majority of the homes that they foreclosed on, remain empty. Makes no sense, but after all this is America. The land that can rip you off and expect for you to go along your merry way. I am so furious about this whole situation! I want my home back, not $300.

By: Desiree Finley

Desiree Finley — Fri, 03 May 2013 23:29:41 +0000

Believe it or not I have had the address issues with Rust Consulting since February. I have followed 3 procedures to change may address. Then they again sent me a change of address form to my home I live in now after the denied every having it. The original post card was sent to an address that does not exist today I checked with the other Settlement National Mortgage. This is also being handled by Rust Consulting…..Guess what they had the right address for that issue. I also contacted Wells Fargo several weeks ago…..Rust has not returned any of my calls, the OCC has not returned any of my calls……But guess who called me today listened to the rest of my dreaded story (Corporate Offices) Wells Fargo calling to make sure I got my pay out. They are less then pleased at the way the OCC and Rust Consulting are handling these payouts. They were not responsible for providing the addresses….Rust was to do skip traces. The pleasant woman from Wells Fargo had kept all my information took detailed notes 3 weeks ago. I never in a million years thought that I would ever hear from them again. Well, she did call is sending a letter to me, Rust and the Occ demanding to know why people that are going through efficient measures to see that they receive. She stated that there was an agreement made on behalf of Wells Fargo for the consumers to be awarded the monies and obviously the measures are not being taken to see to it we are notified and paid. I can tell you right now that Wells Fargo is not to happy. And I believe that the other banks that were involved are in the same boat…..Rust Consulting is being paid by the OCC and collecting interest off our money…my theory and the woman at Wells Fargos. Oh, by the way my check did get mailed to the address that does not exist and is sitting in my file. I will be receiving a replacement in July that is when those go out. The woman from Wells Fargo said that I will be getting my money way before then and is also having me speak to some other people about this nightmare.

By: Victor

Victor — Wed, 01 May 2013 00:18:41 +0000

Just got my check 4/29/13 $300.00 and also my bank was Wachovia now Wells Fargo. I was forclosed 12/2009 went into bankruptcy 2/2009 that chart is not accurate don’t belive it for one second! What a waste of time! We live in salinas ca. for any bodies reference?

By: cindy

cindy — Mon, 29 Apr 2013 23:52:58 +0000

I just received my settlement payment from the Independent Foreclosure Review Settlement. The amount I received was $500. The foreclosure was in Sacramento, CA. and the lender was Wachovia/Wells Fargo.When I requested a review back in April 2012 the settlements purpose was to compensate for financial harm. At that time I fit into multiple categories, i.e. denied a loan modification after requesting multiple times, foreclosure initiated while under bankruptcy protection and foreclosed on while participating in a forbearance agreement, they added 3 payments to the principal balance. It was never clear exactly what the requirements for these categories under the framework were but these were the areas that seemed most appropriate from what I was reading on the OCC website under the Remediation Framework. I was also a borrower that Wells Fargo added forced placed insurance to my loan when there were already 4 active policies. I had 2 policies (Homeowners and Flood) and my homeowners association had 2 policies (Homeowners and Flood). I was appalled when I learn this wasn’t even a consideration under the new agreement. This was one of the key reasons I had to go into bankruptcy and was caused financial harm. Wells Fargo knew I had lost income due to pay cuts and furloughs. They also were well aware I had submitted requests for modifications. I also became aware that Wells Fargo submitted an inflated mortgage balance to the U.S. Eastern Division Bankruptcy Courts. There were other issues also, a big one to me was when the property was still in my name and I was in the process of moving Wells Fargo went into the property and started painting. They changed the locks while I still had my personal property in the condo. I never did get my washer and dryer and other personal property back. I was never contacted prior to any of this happening. I would really like to know how Wells Fargo decided to give me $500 compensation for all this.

By: DBayArea

DBayArea — Tue, 23 Apr 2013 03:54:00 +0000

Are they sending checks in alphabetical order? My last name begins with a Z!!

By: Joe

Joe — Tue, 23 Apr 2013 02:05:06 +0000

Bought a house 2002, Adjustable rate mortgage that climbed to 16.99% by 2008. 3 month temporary modification which was perfect and affordable. After 3 payments it was bumped right back up to 16.99% Threw in the towel and house was foreclosed in four months May 2009. July 2009 Sold @ an auction for $9,000.00!!!!!!!! I sure hope i get some justice!! I calculated the payments i made and in 7 yrs i paid enough in interest that the bank got there money!!!Selling it for $9K @ the auction was an added bonus!!!!

By: Elissa

Elissa — Mon, 22 Apr 2013 23:30:38 +0000

What a joke,I got pennies you can say..300.00 and my second morgage got 500.00, what a joke, these big bankers are stealing and should be put in jail..What a sad situation, after I gave them thousand and thousand of dollars and are living the life…I hope they all get so drunk and start sending out our real checks…LOL I am the little person, so it does not make any different to them..I am so sad for everyone that should of got more…Prays to everyone..God Bless Hope you one day get throw out of your house like I did with 3 children and one disabled and they threw us out without any notice..sorry to be mean, I am not like that..but he they stoled from us…I am the little person that they do not care about. sorry how I feel. Elissa