Comments on: My home is not worth the stress anymore. I am getting a U-Haul and I am loading everything up. http://loanworkout.org/2008/06/my-home-is-not-worth-the-stress-anymore-i-am-getting-a-u-haul-and-i-am-loading-everything-up/ Loan Modification & Home Loan News Thu, 18 Mar 2010 17:28:50 -0700 http://wordpress.org/?v=2.9.2 hourly 1 By: Anonymous http://loanworkout.org/2008/06/my-home-is-not-worth-the-stress-anymore-i-am-getting-a-u-haul-and-i-am-loading-everything-up/#comment-14488 Anonymous Sun, 03 May 2009 01:25:38 +0000 http://loanworkout.org/2008/06/01/my-home-is-not-worth-the-stress-anymore-i-am-getting-a-u-haul-and-i-am-loading-everything-up/#comment-14488 im going to walk away frome my house ive been in since 1984. Im going to rent an apt. no headaches no shit and its half my morgage payment. im to old for this shit im going to walk away frome my house ive been in since 1984. Im going to rent an apt. no headaches no shit and its half my morgage payment. im to old for this shit

]]> By: sk http://loanworkout.org/2008/06/my-home-is-not-worth-the-stress-anymore-i-am-getting-a-u-haul-and-i-am-loading-everything-up/#comment-14059 sk Fri, 17 Apr 2009 06:30:53 +0000 http://loanworkout.org/2008/06/01/my-home-is-not-worth-the-stress-anymore-i-am-getting-a-u-haul-and-i-am-loading-everything-up/#comment-14059 I think all americans in this situation, should protest, boycott... the greedy mortgage co., credit card co. etc, by walking away and not giving them anymore hard earned money! if we all do it, it will send a message for immediate change. I think all americans in this situation, should protest, boycott… the greedy mortgage co., credit card co. etc, by walking away and not giving them anymore hard earned money! if we all do it, it will send a message for immediate change.

]]> By: Telstar http://loanworkout.org/2008/06/my-home-is-not-worth-the-stress-anymore-i-am-getting-a-u-haul-and-i-am-loading-everything-up/#comment-12250 Telstar Tue, 17 Feb 2009 23:09:01 +0000 http://loanworkout.org/2008/06/01/my-home-is-not-worth-the-stress-anymore-i-am-getting-a-u-haul-and-i-am-loading-everything-up/#comment-12250 If you want to give the bank a real problem and stop the foreclosure, ask them to come up with the copy of your original mortgage. Most times they cant becasue the home was divided and bundled into mortgage instruments by mortgage securtites companies. They will stop all communication and with you and you have them dead in their tracks. Without an original mortgage agreement there is no foreclosure. Engage an attorney and go for it. If you want to give the bank a real problem and stop the foreclosure, ask them to come up with the copy of your original mortgage. Most times they cant becasue the home was divided and bundled into mortgage instruments by mortgage securtites companies. They will stop all communication and with you and you have them dead in their tracks. Without an original mortgage agreement there is no foreclosure.

Engage an attorney and go for it.

]]> By: Helen Scott http://loanworkout.org/2008/06/my-home-is-not-worth-the-stress-anymore-i-am-getting-a-u-haul-and-i-am-loading-everything-up/#comment-5505 Helen Scott Wed, 11 Jun 2008 20:00:45 +0000 http://loanworkout.org/2008/06/01/my-home-is-not-worth-the-stress-anymore-i-am-getting-a-u-haul-and-i-am-loading-everything-up/#comment-5505 I had a FHA insured loan with a fix rate interest, that due to my husband becoming disabled in 1996 FHA took the not on forbearance, and a year later they sent me notice OCWEN was going to be my services. Court records show HUD assigned the mortgage to them, with an addendum to follow HUD servicing guidelines. WHAT A JOKE!!!! I have a bill that shows an unexplained fee for $999.99. They constantly raised my payments, when this was a fixed rate note. Fee's that were not permitted by HUD. What did HUD do? NOTHING!!!! In Feb. 2004 I got a letter from OCWEN FSB's attorney alledging I was behind and it said I had 30 day to dispute the debt or they might forclose. I disputed it within that timeframe, but 15 days from the date of the letter OCWEN assigned my note to "LaSalle National Bank as Trustee's for certificate holders of a Mortgage Pass-through certificate 1998 r-1. LaSalle filed a forclosure the same day 3-04-04, which was before the end of the 30 days period. Land records show OCWEN FSB assigned my note to LaSalle on 6-2-04 three months after LaSalle filed the forclosure. I have never been contacted by LaSalle. I have never seen a bill from LaSalle. So far the judge denied their motion for Summary Judgement. I wrote HUD's office of inspector general and complained about OCWEN?LASALLE not following RESPA and last fall I got a letter from Mr. Ashworth with HUD informing me not to send a complaint again, and they were not doing anything about my complaint. BY the was the law firm that represents OCWEN/LAsalle also represent HUD in in actions they take against people in Oklahoma. I contacted the FTC and received a letter there was nothing they could do but they would put my information into a file and send it to other agencies. I contacted the OTC since OCWEN is the only bank I had dealth with since HUD. They sent me to the OCWEN obunmdsman and he did nothing. In recent e-mail LaSalle as trustee for some unknown true "party of interest" said they were attempting to determine what to do with OCWEN's interest in the Property. OCWEN is not listed on the SUIT!!! My guess from what I can find on the internet OCWEN MSB is who owned the pass through certificates. Two months after they assigned my note to LaSalle, OCWEN publicly stated it was mulling debanking, after the OTS sited them for violations in servicing. I ended my contract with my attorney. I asked for the prospectus in discovery and LaSalle refuses to provide any documents. There only listed witnesses are the attorneys that are sueing us. I cannot find an attorney. They say this is too complicated. In my opionion based on the attorney's I have spoken to in OKLAHOMA no one cares if a homeowner is being screwed by the services. They only want to know if you are behind, even if that is due to overcharges, they do not care. NONE of the Agencies that are supposed to stop this are trying to do anything! To hell with the homeowner in this state! I had a FHA insured loan with a fix rate interest, that due to my husband becoming disabled in 1996 FHA took the not on forbearance, and a year later they sent me notice OCWEN was going to be my services. Court records show HUD assigned the mortgage to them, with an addendum to follow HUD servicing guidelines. WHAT A JOKE!!!!

I have a bill that shows an unexplained fee for $999.99. They constantly raised my payments, when this was a fixed rate note. Fee’s that were not permitted by HUD. What did HUD do? NOTHING!!!!

In Feb. 2004 I got a letter from OCWEN FSB’s attorney alledging I was behind and it said I had 30 day to dispute the debt or they might forclose.
I disputed it within that timeframe, but 15 days from the date of the letter OCWEN assigned my note to “LaSalle National Bank as Trustee’s for certificate holders of a Mortgage Pass-through certificate 1998 r-1. LaSalle filed a forclosure the same day 3-04-04, which was before the end of the 30 days period. Land records show OCWEN FSB assigned my note to LaSalle on 6-2-04 three months after LaSalle filed the forclosure. I have never been contacted by LaSalle. I have never seen a bill from LaSalle. So far the judge denied their motion for Summary Judgement.

I wrote HUD’s office of inspector general and complained about OCWEN?LASALLE not following RESPA and last fall I got a letter from Mr. Ashworth with HUD informing me not to send a complaint again, and they were not doing anything about my complaint. BY the was the law firm that represents OCWEN/LAsalle also represent HUD in in actions they take against people in Oklahoma.

I contacted the FTC and received a letter there was nothing they could do but they would put my information into a file and send it to other agencies.

I contacted the OTC since OCWEN is the only bank I had dealth with since HUD. They sent me to the OCWEN obunmdsman and he did nothing.

In recent e-mail LaSalle as trustee for some unknown true “party of interest” said they were attempting to determine what to do with OCWEN’s interest in the Property. OCWEN is not listed on the SUIT!!! My guess from what I can find on the internet OCWEN MSB is who owned the pass through certificates. Two months after they assigned my note to LaSalle, OCWEN publicly stated it was mulling debanking, after the OTS sited them for violations in servicing.

I ended my contract with my attorney. I asked for the prospectus in discovery and LaSalle refuses to provide any documents. There only listed witnesses are the attorneys that are sueing us. I cannot find an attorney. They say this is too complicated. In my opionion based on the attorney’s I have spoken to in OKLAHOMA no one cares if a homeowner is being screwed by the services. They only want to know if you are behind, even if that is due to overcharges, they do not care.

NONE of the Agencies that are supposed to stop this are trying to do anything!

To hell with the homeowner in this state!

]]> By: Carrie http://loanworkout.org/2008/06/my-home-is-not-worth-the-stress-anymore-i-am-getting-a-u-haul-and-i-am-loading-everything-up/#comment-11055 Carrie Mon, 09 Jun 2008 20:41:11 +0000 http://loanworkout.org/2008/06/01/my-home-is-not-worth-the-stress-anymore-i-am-getting-a-u-haul-and-i-am-loading-everything-up/#comment-11055 PollyAnna & Robert - you get it !!!! Vontella- good luck in your job hunt. the market & economy is tough right now, but I will wish you nothing but success. PollyAnna & Robert – you get it !!!!

Vontella- good luck in your job hunt. the market & economy is tough right now, but I will wish you nothing but success.

]]> By: Lookinthemirror http://loanworkout.org/2008/06/my-home-is-not-worth-the-stress-anymore-i-am-getting-a-u-haul-and-i-am-loading-everything-up/#comment-5504 Lookinthemirror Mon, 09 Jun 2008 20:28:05 +0000 http://loanworkout.org/2008/06/01/my-home-is-not-worth-the-stress-anymore-i-am-getting-a-u-haul-and-i-am-loading-everything-up/#comment-5504 This is an interesting post. The key point of it all is the piece that states "cannot be reasonably be avoided by consumers"....again, the purchase of a home is not a right, it is a privilege. Therefore, a consumer can choose not to purchase a home if they are unsure of the consequences. Obviously, this was not done. By the same token, a lender can decide to decline a loan for various reasons. Obviously, this was not done.....so here we are!!! Look in the Mirror!!!! This is an interesting post. The key point of it all is the piece that states “cannot be reasonably be avoided by consumers”….again, the purchase of a home is not a right, it is a privilege. Therefore, a consumer can choose not to purchase a home if they are unsure of the consequences. Obviously, this was not done. By the same token, a lender can decide to decline a loan for various reasons. Obviously, this was not done…..so here we are!!! Look in the Mirror!!!!

]]> By: Vontella http://loanworkout.org/2008/06/my-home-is-not-worth-the-stress-anymore-i-am-getting-a-u-haul-and-i-am-loading-everything-up/#comment-11057 Vontella Sat, 07 Jun 2008 15:35:45 +0000 http://loanworkout.org/2008/06/01/my-home-is-not-worth-the-stress-anymore-i-am-getting-a-u-haul-and-i-am-loading-everything-up/#comment-11057 Hello to all my new blog 'friends' I have been in the real estate industry for 18 years - most of those years I worked 7 day weeks with 8 years of raising 3 kids alone. Now, two years ago my career imploded, left me with a home I owned, in a very nice area, but still the terd, ranch home compared to the millionaire client homes that surrounded me, and it has decreased nearly 45% in value over a two year period. Last year, I also 'lost' my husband, my so-called career, became disabled, and I have applied for about 300 jobs - I received precisely one invitation for an interview. I put my savings into my home last year thinking I could "restore my relationship with the lenders" and break even. I fixed it up just to sell it for what I owed and each month, as scarry as an Alfred Hitchcok movie, I watched the nicer homes around me plummet in value and all sorts of professionals filing bk, doing trustee sales, etc. Now, real estate agents proudly announce on the radio they "will no longer even take a short sale as the lenders will not agree quickly enough to a price that will attract the tiny number of willing, ready and able buyers drooling on the side lines." Two homes, REO's, just sold for under $200 square foot. Two years ago these same homes would have been well over $300 and mine was appraised at abou $375 square foot. My second mortgagor is in bk and COuntrywide is my first lien holder and I can't even sell the home for what is owed on my first. I drive an eight year old, paid for car, I haven't been to the mall in 4 years, I bought my wedding dress at a thrift store here in town but when I could no longer make my familiar, six digit salary to pay for my mortgage and lifestyle, and I further could not dump the house, pay the lenders back and move on, even to a way lesser job, where do I fit in to the categories I've been reading about today? Let's see, I wrote my own hardship letter, so I'm technically not part of the disgusting, I didn't buy a house I could not afford and I received a 30 year fixed rate, so I'm not a greedy, cry baby, I guess. Even if CW wouldn't have offered me a small line of credit I would still be upside down on a home I put 20% down and bought 5 years ago, so I technically am not a looser who bought a home I could not afford, or am I WTF? I have applied for a loan mod twice with CW and my attorney laughs at me - she actually called me 'crazy' to think they might do something meaningful. My 'lost' husband is filing bk and our attorney is trying to advise me that this is also my only option. I just keep filling my days with goals and trying to achieve them: Live the 'as if' principal (I get up every day, get dressed in my career wardrobe, apply for jobs online and go out and find a local business to call upon, just incase someone hangs out those "help wanted" posters. Do they even make those anymore? Vontella Hello to all my new blog ‘friends’
I have been in the real estate industry for 18 years – most of those years I worked 7 day weeks with 8 years of raising 3 kids alone. Now, two years ago my career imploded, left me with a home I owned, in a very nice area, but still the terd, ranch home compared to the millionaire client homes that surrounded me, and it has decreased nearly 45% in value over a two year period. Last year, I also ‘lost’ my husband, my so-called career, became disabled, and I have applied for about 300 jobs – I received precisely one invitation for an interview. I put my savings into my home last year thinking I could “restore my relationship with the lenders” and break even. I fixed it up just to sell it for what I owed and each month, as scarry as an Alfred Hitchcok movie, I watched the nicer homes around me plummet in value and all sorts of professionals filing bk, doing trustee sales, etc. Now, real estate agents proudly announce on the radio they “will no longer even take a short sale as the lenders will not agree quickly enough to a price that will attract the tiny number of willing, ready and able buyers drooling on the side lines.” Two homes, REO’s, just sold for under $200 square foot. Two years ago these same homes would have been well over $300 and mine was appraised at abou $375 square foot. My second mortgagor is in bk and COuntrywide is my first lien holder and I can’t even sell the home for what is owed on my first. I drive an eight year old, paid for car, I haven’t been to the mall in 4 years, I bought my wedding dress at a thrift store here in town but when I could no longer make my familiar, six digit salary to pay for my mortgage and lifestyle, and I further could not dump the house, pay the lenders back and move on, even to a way lesser job, where do I fit in to the categories I’ve been reading about today? Let’s see, I wrote my own hardship letter, so I’m technically not part of the disgusting, I didn’t buy a house I could not afford and I received a 30 year fixed rate, so I’m not a greedy, cry baby, I guess. Even if CW wouldn’t have offered me a small line of credit I would still be upside down on a home I put 20% down and bought 5 years ago, so I technically am not a looser who bought a home I could not afford, or am I WTF? I have applied for a loan mod twice with CW and my attorney laughs at me – she actually called me ‘crazy’ to think they might do something meaningful. My ‘lost’ husband is filing bk and our attorney is trying to advise me that this is also my only option.
I just keep filling my days with goals and trying to achieve them: Live the ‘as if’ principal (I get up every day, get dressed in my career wardrobe, apply for jobs online and go out and find a local business to call upon, just incase someone hangs out those “help wanted” posters. Do they even make those anymore? Vontella

]]> By: robert http://loanworkout.org/2008/06/my-home-is-not-worth-the-stress-anymore-i-am-getting-a-u-haul-and-i-am-loading-everything-up/#comment-11056 robert Sat, 07 Jun 2008 14:21:42 +0000 http://loanworkout.org/2008/06/01/my-home-is-not-worth-the-stress-anymore-i-am-getting-a-u-haul-and-i-am-loading-everything-up/#comment-11056 wtf is just running his mouth, if people lose homes his shack drops in value. The guy sounds jealous I guess someone made off with his wife or something in his life he is not short on. Bottom line I know cost of living is getting crazy from 30 a barrel oil to 140 a barrel w/saddam dead, good job washington. Let the chinese pull their capital out of our banks and the depression is on. Too many people are in financial mkts that know life as internet, cellphone and credit card, no pay as u go attitude. This compounds todays problems. Well 1992 was a mess mr bush so why should 2008 not be one mr bush, foreclosures and no jobs for a decade again, hey texas is a lease open for RTC again wtf is just running his mouth, if people lose homes his shack drops in value. The guy sounds jealous I guess someone made off with his wife or something in his life he is not short on. Bottom line I know cost of living is getting crazy from 30 a barrel oil to 140 a barrel w/saddam dead, good job washington. Let the chinese pull their capital out of our banks and the depression is on. Too many people are in financial mkts that know life as internet, cellphone and credit card, no pay as u go attitude. This compounds todays problems. Well 1992 was a mess mr bush so why should 2008 not be one mr bush, foreclosures and no jobs for a decade again, hey texas is a lease open for RTC again

]]> By: Carrie http://loanworkout.org/2008/06/my-home-is-not-worth-the-stress-anymore-i-am-getting-a-u-haul-and-i-am-loading-everything-up/#comment-11058 Carrie Thu, 05 Jun 2008 19:55:27 +0000 http://loanworkout.org/2008/06/01/my-home-is-not-worth-the-stress-anymore-i-am-getting-a-u-haul-and-i-am-loading-everything-up/#comment-11058 upacreek you are not alone !!!! i am glad you were able to find this blog. Everyone here is allowed to express their opinions & feelings no matter what. let me refer you to a forum that is helping me with the same issues with CountryWide : it is Loansafe.org and more specifically http://www.loansafe.org/forum/countrywide-home-loans-tell-us-your-countrywide-story/ you will find so many across this nation in similar situations from all walks of life. The forum helps everyone with guidance and they do not judge you. Good Luck ! Carrie Miami, Fl upacreek you are not alone !!!!

i am glad you were able to find this blog. Everyone here is allowed to express their opinions & feelings no matter what.

let me refer you to a forum that is helping me with the same issues with CountryWide : it is Loansafe.org and more specifically http://www.loansafe.org/forum/countrywide-home-loans-tell-us-your-countrywide-story/

you will find so many across this nation in similar situations from all walks of life. The forum helps everyone with guidance and they do not judge you.

Good Luck !
Carrie
Miami, Fl

]]> By: upacreek http://loanworkout.org/2008/06/my-home-is-not-worth-the-stress-anymore-i-am-getting-a-u-haul-and-i-am-loading-everything-up/#comment-11059 upacreek Thu, 05 Jun 2008 19:31:56 +0000 http://loanworkout.org/2008/06/01/my-home-is-not-worth-the-stress-anymore-i-am-getting-a-u-haul-and-i-am-loading-everything-up/#comment-11059 I am currently in a tough situation with Countrywide and they have been giving me the run-around for six months now. I asked the company to assess a workout program for me, or to refinance. During this whole process I have been in contact with Countrywide, but never able to speak to the same rep twice. Each time I received different information but was very clear that I wanted to keep the home and continue to pay my debt. During these months they refused to take a payment from me, saying that I couldn't do so while my loan was in review. Several times I was told that information had been mailed to me and/or a specific person would be calling me, but none of those ever happened. Now they have filed for foreclosure on my home. I spend hours at a time on the phone with Countrywide and they constantly lie to me and give me the run-around. My husband and I will walk away and let them have the house if that is their intention. It really would be cheaper and less stressful to rent a house. It's just too bad companies like Countrywide use deceptive and unscrupulous practices with people who really want to work things out. To those of you who think others are not living within their means...please don't be quick to judge. Most of us have really tried, but not all of us are aces in the financial game. I am currently in a tough situation with Countrywide and they have been giving me the run-around for six months now. I asked the company to assess a workout program for me, or to refinance. During this whole process I have been in contact with Countrywide, but never able to speak to the same rep twice. Each time I received different information but was very clear that I wanted to keep the home and continue to pay my debt. During these months they refused to take a payment from me, saying that I couldn’t do so while my loan was in review. Several times I was told that information had been mailed to me and/or a specific person would be calling me, but none of those ever happened. Now they have filed for foreclosure on my home. I spend hours at a time on the phone with Countrywide and they constantly lie to me and give me the run-around. My husband and I will walk away and let them have the house if that is their intention. It really would be cheaper and less stressful to rent a house. It’s just too bad companies like Countrywide use deceptive and unscrupulous practices with people who really want to work things out. To those of you who think others are not living within their means…please don’t be quick to judge. Most of us have really tried, but not all of us are aces in the financial game.

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