Thank you fpr your patience with me

Bruce R Nelson

I watched a lender foreclose on a home charge off $270K and then FNMA short for $86K .Agent made money, investors fought over buying the house. One got a great buy! Everyone made money off the homeowner’s misery!. Hard for most to understand but similar to depreciation over years then sell at a loss to offset tax burden. Similar here in that someone takes the loss who holds the risk on their investment, insurance on the loan and the homeowner is left with nothing but heartache!.

Impac is often the culprit behind Ocwen who services for Impac.
Impac brags they OWN your loan and as owners can offer modification with extremely low interest adjustable rates encouraging homeowners to ‘miss’ a payment so they can justify a bogus loan modification scheme.for mere initial handling charges, often a thousand dollars or more to modify your loan at a 1-2% interest rate as enticement. Impac has their own representatives who solicit modification urging homeowners to let a payment slip by or two then for a fee they will modify the original loans into ARMs. Then they switch servicers. The new servicer denies the modification saying they aren’t obligated to anything prior to their service.. These people are crooks in cohoots together to dupe the homeowner. They force write insurance, deny payment, return checks, etc. all to force your loss. I am convinced they also dupe their smaller investors down the line in this scheme while penalizing homeowners and in the end back to Fannie Mae for their bogus ‘created’ losses. They don’t care what FNMA’s represents. It is all written off their books. They are making money front and back on victimizing homeowners. NO ONE is minding the store on these crooked schemes. It is purely a scam!

Sadly

Bruce R Nelson

Banner Elk, NC 28604

Ps all I want is my money, what about you folks?