About the Author
Moe Bedard is a leading expert and trusted authority in regards to loan workouts and loan modifications. Moe is the founder and President of Loan Safe Solutions, LoanSafe.org and the main contributor to LoanWorkout.org. He has blogged on this subject more than any other person on earth and has personally been involved in over 300 loan workouts and mortgage audits.
Mortgage Scam May Have Driven This Doctor to Stab His Broker
Losing your home is very stressful. Losing tens of thousands of dollars to a mortgage scam can really drive a “sane” person over the edge.
GENESEE COUNTY (WJRT) — (02/25/08)–Several banks call it one of the largest mortgage schemes ever in Mid-Michigan. A Grand Blanc Township man is accused of ripping off banks and homebuyers.
One of those buyers: a prominent psychologist who may have been driven to violence.
In a state where last year foreclosure notices roughly equaled the number of birth certificates, Kurt and Lisa Heintz stand out — at least to several banks.
“Everyone seems to know about these folks, yet nothing has been done,” said attorney Michael Haley.
Welcome to reality. Too many crooks and not enough cops.
The reported scam that the doctors was involved in, is a scam that was played out across the country in almost every state and county. Straw buyers, fake appraisals and loan fraud were as easy as 1,2,3.
More from ABC 12:
Their court filing lays out what the company claims is the Heintzes’ M.O.: First, buy a bunch of properties. Second, get an appraiser to lie about how much they’re worth.
Third, let other people in on the plan, get them to apply for loan and buy the land for the higher price. Fourth, pay those borrowers a fee, anywhere from $10,000 to $25,000 up front.
Fifth, Indymac says through a land contract, the Heintzes would promise to buy back the properties for the inflated value, perhaps to sell them again.
Instead, the borrowers were left on the way to foreclosure and potentially facing criminal charges.
If you were scammed by a similar con game, then please contact the FBI or please contact me personally and I will see what I can do to help you find justice. Your identity will be protected.
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Did they change the terms of your loan to an arm? This is too risky 
How about also arresting this Countrywide employee, Cheaters Among Us, Sue Barry, http://reno.broowaha.com/article.php?id=3415.Sue Barry has been a loan officer and ... 
Mar 7th, 2008 at 8:00 pm
I have a countrywide home loan. These people are the worst to deal with. I have attempted to refin my home loan at leat 6-8 times. Each time the deal fell through. I was told by 3 lenders that countrywide was blocking me from going to another lender. Now I am currently 1 month behind witha mort. of 1,464.27 a monuth. My mother health is felling and she will longer be able to work to help me pay this high mort. I have told Countrywide a a thousand times that I need assistant to bring down my payments. They totally ingnore me saying that I do not qualify for alower interest rate. I was modified from 10% to 8% because I had lost my job. This only brought it down by $92.00. They also made me pay about 3,000 to get them to modifiy my loan. I really hate these people. I need help to get away from them.
Mar 8th, 2008 at 7:13 pm
Countrywide agreed to a home modification with me on December 17, 2007. They told me to get a money order for a down payment, and once I received the documents, to get them notarized and back to them. I waited for those documents, and they never came. When I would call…they would say, ‘they are on there way’. Now..I have only 35 days left before foreclosure, and they are now denying this ever happened. I still have the money order. What can I do?
Mar 11th, 2008 at 7:10 pm
Mar 12th, 2008 at 1:44 pm
I am also a countrywide customer and I fell behind in my payments as well and requested a modification and have been tortured by this company ever since. I received my first set of papers to sign and have notarized and include a check for 1100.00 only to have the modification cancelled 3 days prior to my due date for the papers and after calling to complain they said it wasn’t cancelled my first payment would be december first at 3.00 less than it was prior to the modification.In december I tried to make a payment only to be told that they could not take my payment because they were reprossessing my modification due to cancellation , this went on until febuary at which time I was told I should have made my prior payments that now they would be considered late and go on my credit report at which time I promptly call the corporate office and spoke with the vice president of countrywide who settled things by rolling those payments into my suddenly processed modification and the payment went up even more. I was sent out a second set of papers to sign and notarize with no down payment , I sent those in and receive a phone call 4 days later stating they received my documents and I was all set to make my 1st payment on March 1st only to receive a letter 3days later stating they never recieved my documents and would be cancelling my loan if they werent sent in asap. I called the vice president again who reassured me everything was fine. I am now I think caught up with this loan and my heloc and hate this company to no end and I want out of this company badly and as soon as possible but I am afraid they have botched up my credit something horrible from other things they have done to me prior to this and also from this. Help!!
Mar 12th, 2008 at 8:51 pm
Im also very upset with countrywide insurance. My husband got laid off of work on October 2007 & I immediately called them to see if they can help us with a modification but I was denied, they said that their wasnt anything they could do. I used all our savings and withdrew money from my IRA account to pay our monthly mortgage. I call at least 2X a month to see if someone can help us. I just want to keep our home. PLEASE HELP US!
Mar 19th, 2008 at 8:50 pm
I also lost my house due to forclosuer. My payments were suppose to be modified so we could pay them, instead they jumped from 912.00 to 1129.00. In the meantime, while they were doing the modification, they told us not send a payment till we heard from them. We not only lost our home, but the land that my husbands father gave him and where he lived for 30 years. I hope there is a way someone can help us.
Mar 30th, 2008 at 4:18 pm
I to have almost lost my house. My daugter was in the hospital for a week in ICU. A year later my son got the same thing and was in the hospital for three days. We have fallen behind on payment. The have raised our payment by over $600.00. They have tried to forclose on my house several times. Everytime I have to sent more money. I have taken out over $10000.00 to try to keep my house. Now I am about to lose it again if I don’t send more money. Now our credit is so poor we will never be able to get a loan to get out of this. I can’t afford to lose my house. Can anyone help us.
Apr 22nd, 2008 at 1:01 pm
I guess reading about what others are dealing with in regards to Countrywide doesn’t really give me much hope. I also am tring to deal with countrywide in regards to saving my home. I haven’t had an ounce of help. It’s incredible that with all that is going on with the housing industry, Countrywide isn’t willing to deal with their existing customer to help reduce the foreclosure situation that is going on today. You would think it would save them money to help with mortgages, other than just to say we are going to foreclose on your home. Wouldn’t it make sence to you for Countrywide to help lower the payment other than to take your home and NOT get the payment? Something needs to get done here and someone from COUNTRYWIDE needs to step up and take some control and help those who are willing to do what is right.
Apr 29th, 2008 at 12:23 pm
In the latter part of of 2007, I left a job that owed me 12,000.00 in back pay. I took a lower paying job. We had falling behind on our vehicle payments to try to keep our house which is finance with countrywide.Our Payment is $1400.00 a month We try to refinance to lower our payment but they weren’t willing to help us. We did a modification with them because we got behind a couple of payments. On December 16, I called Countrywide to tell them that we could not make the payment of $1735.00 and that we needed help. The person I talked to acted if he didn’t care. He asked me check to see if our church would help us or maybe my in-laws. I asked him would he lend me the money.I told him that we had to pay our taxes and insurance on the house and that was all the money we had. He told me that there was nothing he could do. I told him that they could have the house. He told me to hold on that he was going to talk with his supervisor. After about 5 minutes he came back on the phone and said that they would take what was owed and put on end of loan and drop our interest rate to help us. He said a a loan negotiator would be in contact with us in a couple of weeks. No one contacted us in December. I called in January to see when to make a payment. The person that I talked to told me that a negotiator had been assign to our loan and would be in contact with us. She told me not to send any money. I never heard anything in January. I called in February and was told the same thing that I was told in January. I told her that we were getting farther behind with our payments. She told me that they would work with us on this. I didn’t hear anything in February. I called in March and was basically told that the negotiator was still working on our loan. In April, my wife received a phone call from a person working for Countrywide threatening her that if we didn’t come up with 6 months of mortgage payments that our house would be foreclosed on. My wife called me while I was driving home from umpiring crying because of the threat. I called Countrywide and spoke with a women name Michelle and told her what my wife had encountered from anther representative from Countrywide. Michelle told me that what was told to my wife was incorrect. She said that we would only have to paid 3 months of payments. I told her we could send two months the next day and pay her the other at the end of the month. After getting off the phone, I told my wife that if we had to come up with all that money that we wouldn’t have any left to pay the rest of our bills. We called a non profit agency that took our information down and said that it would try to help us. Well that was a waste of time. We have call them and e-mailed them to respond to us. The person that is suppose to help us is always busy, meetings, and out of the office. We also received foreclosure papers on April 22. Come to find out the negotiator who was looking on our loan had closed it because she said that we didn’t update our information. We never received a phone call to update anything. We have another negotiator now who is supposely trying to help us. Every time we call, we get a different story concerning the status of our loan. We are going to have to pay late charges, lawyer fees for foreclosure papers and other fees that could have been avoided by them calling before it got this far. The sell date on our home is June 20 if we don’t get this worked out. Looks like Countrywide and their lawyers are trying to scam people like us who are on the brink of losing their home. We also have to pay their CEO 22 million dollars for all this mess that could have been avoided.