I had wrote a story a few days back about a homeowner in Ohio that fought his foreclosure for 11 years. His name is Mr. Richard Davet. The story was titled Ohio Homeowner Fights Foreclosure and Lives Payment Free for 11 Years.
Basic info on Mr. Davet;
After spending much of the year living at the homes of friends and family, including their daughter, a university student in Indiana, the Davets recently moved into a small, $900-a-month home in a rural community east of Cleveland. “The money is short,” Mr. Davet said on a recent afternoon, adding that one of his siblings, a pawn-shop owner, has been helping financially.
But hope prevails. From time to time, he drives back to Beachwood, just to see how his old home is doing.
I wanted to see if any of my readers know of or can help me locate Richard Davet in Ohio for me and please let him know that I would like to speak with him about a very important matter.
Please use the contact us form to the right or email moe @ loansafe.org with any information regarding this matter.
Thanks!
{ 10 comments… read them below or add one }
Moe, have you ever tried zabasearch.com — you can located ANYONE on there. Just put in his name and the location of his home, I bet you’ll come up with something.
I haven’t but we just found Mr. Davet. Great guy and it was a pleasure speaking with him.
Thanks for your help!!!!
Hmmph! Heads are about to roll, and I wonder if Wells Fargo (the investor in my loan with Countrywide, by the way) will be one of many.
Loss of income taxes, drug addicts and dealers setting up shop in abandon properties, lowering values of surroudning homes — that’s just a few of the many domino effects this disaster will visit upon ALL OF US.
The targetting of the poor (black and hispanics), who historically are less financial stable than their White counterparts for reasons that stem back years and years is just another example of how the rich get richer and the poor get poorer.
“Among the practices cited by the city, Wells Fargo allowed mortgage brokers to charge higher commissions when they put borrowers in loans with higher interest rates than the customers qualified for based on their credit profiles. The bank also failed to underwrite mortgage loans to traditional criteria, the suit said, SETTING UP BORROWERS FOR DEFAULT Such practices were common at many lenders during the boom.”
Poor people mean higher risk. Higher risk meant higher rates. Higher rates = high commissions.
For years the advocates clamored for the banks to make it possible for poor people to experience the dream of homeownership — to create opportunities where there would have been none.
Once the banks figured out how to do so AND making money by putting the risk in the hands of the investors, poor people got homes in droves. No credit, no cash, no savings, no job = NO PROBLEM.
Who do we blamed for this fiasco?
As I’ve said and will continue to say BORROWERS DON’T FUND LOANS.
The responsibility the borrowers have pale in comparison to those of the real estate professionals, the banks and the investors
Lenders didn’t educate consumers who NEEDED to be educated about the type of loans they were getting so that they were ready for the hike in payment when the rate reset and would not suffer payment shock. In fact, as I read and become more educated, it seems that they didn’t even educate the mortgage industry who were peddling these loans out like crack on the corner.
Lenders qualified consumers at teaser rates and not at the actual rate of the loan, which almost guarantees default.
THEY qualified them, and if they didn’t, the borrowers would have never got their hands on keys to a house.
Many mortgage industry professionals defrauded the less educated consumers so they could make higher commissions.
STill others inflated the values of homes so that they could do more refis, higher loans at even higher rates and make more and more money (or so they thought).
Investors at this up like candy and fueled the whole thing so theirs plenty of blame to go around, but when it comes time to pay the piper their will be FALL GUYS — so who will that be?
THe mortgage brokers?
THe Banks?
THe investors?
It won’t be the Government, who allowed all of this to take place right under their nose without intervening.
Jacmac,
your very last sentence: “It won\’e2\’80\’99t be the Government, who allowed all of this to take place right under their nose without intervening.” I could not have said it better myself! with all the disclosure requirements and laws in place to be followed, who was monitoring and enforcing during the boom? Certainlty not them, as there was too much $$$$$$ being made!
great observation!
Mlmortgageguy – Yeah!!! we finally agree on something!
I am in touch with Dick. Please e-mail me a # and good time to call and let’s meet when I am back in Atlanta!
Nye Lavalle
Nye,
I’ve been trying to find a contact number for you. Please email me! I’m fighting the same fight you are, at this point mostly against me lender American Home Mortgage. Recently finding out Goldman Sachs Trust GSR 2006-OA1 holds my loan, with Wells Fargo as Master Servicer and Deutsche Bank as trustee. I’m being attacked for my advocacy work and will fill you in on it all.
Paula Rush
Well, some of the banks are definitely lending money too easy and allowing people who can ill avoid it to get into trouble.
A sheriff’s sale was scheduled for March 12. Countrywide postponed that after I filed complaints with state and federal authorities. There is no attempt to follow Fair Credit Bureau standards. My homestead exemption was also deleted last year without my knowing it. If the property had sold at auction last week, I would have received nothing.
I have lived in the house for 20 years, have a small mortgage, and fell behind due to an injury at work.
How do I contact Richard Davet?
IM TRYING TO CONTACT RICHARD DAVET FROM OHIO.SOMEBODY PLEASE HELP