Hope Now Employee – I would have to agree not to call HOPE. I actually work there. From the day I started I felt so guilty because there is no help. I feel HOPE was set in place for people to leave the banks alone. We are like an escape goat for the banks. I feel sorry for some people because they are loosing their homes through no fault of their own.
I hate my job because I have to give people false hope. I feel very low. But it is about the only job available in town right now and I also have a mortgage to pay.”
The above is an actual comment by a verified Hope Now employee.
Hope Now employee insider information:
I would have to agree not to call HOPE. I actually work there. From the day I started I felt so guilty because there is no help.
I feel HOPE was set in place for people to leave the banks alone. We are like an escape goat for the banks. I feel sorry for some people because they are loosing their homes through no fault of their own.
Others I just want to tell them to get a life. Several times I have tried to schedule people for an appointment and they tell me they can not have that date because they are going on vacation. Now realize that they have not paid their mortgage and are going on vacation with the money.
But either way they is no help for anyone.None of the banks are doing the Bush or Obama plan that was set in place.
Remember that it is not mandatory for the banks to participate. It is voluntary and none will acknoledge the plan. When mentioned to the bank they all say they will have the information in about two weeks. They have been saying two weeks since last year.
I hate my job because I have to give people false hope. I feel very low. But it is about the only job available in town right now and I also have a mortgage to pay.
Moe’s Hopeless Blog Posts on the Hope Now Sham:
Please call 995 Hope if you want to get screwed by your lender, again!
Other news outlets:
http://www.businessweek.com/the_thread/hotproperty/archives/2008/03/hope_now_frustr.html
That is so dam# sad! I guess I should not be surprised but you would think people would get enough of scamming people, misleading people and misusing people! This is just disgusting!
What is an escape goat?
That is mind-bottling.
Chris,
Mind bottling indeed.
I think it’s the back door built into a “quick” claim deed.
This is truly appalling… but I’ve been suspecting this; probably from many of the “hope” programs. We’re tired of being steered into these hopeless waste of time, effort and money programs. When are we going to get something more concrete? Why does my daughter’s lender keep telling, they aren’t able to help her just now… call back in a couple of weeks (that have lapsed into weeks, and months). Yes, according to the requirements, she’s eligible for modification; but it’s still ultimately up to the lenders and they aren’t budging… nice that they are getting their handout though.
I have waited since nov 2008 and to date nothing still waiting for guidelines there is no guidelines they will not do them . was just the way banks would get more money from the fed gov. awful and a damn shame. companies such as emc, chase , wells should all go bankrupt and hope now corp or whatever is just there so that these people will have jobs, was never intended to help anyone, fed government’s way of keeping our mouths shut until they delivered their dirty deeds to banks and ins companies.
I contacted hope last month. The lady whom I spoke with could only tell me my income is too low and has to go up. She did a workout plan with me and said the lender probably wouldn’t accept it. She told me to call her back when I get a higher income. She also mentioned that the first place to go is always with my lender. I’ve contacted Vanderbilt several times but they’re ignoring me. It’s also known that Vanderbilt never negotiates. I have an NACA workshop to go to next week.
My wife is a teacher who was laid off because of a budget cut due to the down turn of the economy. The same government which laid my wife off, also gave billions of dollars to these mortgage companies who for the past 3 months have given me a run around and never given me a straight answer as to if they are going to help me or not. July is closing in and this is when we will probably lose our home. With bogus programs like HOPE and etc. I think it will ultimately lie in the hands of the American people to make this work out for the better. As for the government is useless in helping tax payers. It is so frustrating to see people who over and over again tell me how their loan has been modified, yet these people were the irresponsible ones who bought more then they could afford and caused this mess and now have been bailed out. While responsible people are getting screwed in this whole deal.
I also contact HOPE back in August & never heard a word back. I also tried to refi with Citi Mortgage when it changesd from Citicorp Trust received a Good Faith Estimate which would pay off most of my debt but when I talked to the rep who was helpig me he said sorry Mrs.B we can’t do this loan said my credit was good etc, but said I had to go back ti Citicorp Trust who only do simple interest mortgages which was what I was trying to get out of. Went round & around with other companies & had no alternative but to file Bankrupcy. I again contacted Hope & the girl I talked to remembered speaking with me in the summer, but none of my info was in the computer so we started all over again & as I explained my husband is self employed & no work for 3 mths all she suggested was to contact a HUD Counselor, why not advise me that in August. Now am still 3 mths behind & can’t get a modification & don’t really know what to do all I tried to do was get help & be pro active seems like the only help you can get is when you are in foreclosure…..VERY VERY SAD….anyone has info where I can get help at Citi Mortgage I would appreciated any help
Thanks
Doreen
I started to work with Wells Fargo six months ago for them to inform me that I do not qualify for a loan mod. The rep called me and said my loan was being submitted to H4H’s and I said that was ok. The follow day, the rep called and said that program was no longer excepting loans. As of yesterday, I filed Chapter 13! I will get rid of my second worth 125k, credit card debt, and will be able to keep the home. I have no other choice, but to file becuase the bank dont give a crap about anyone. Banks are just collecting agencies for the investors. So dont except help from the banks anytime soon. Obama Adminstration is full of crap! what HOPE!
People!!! There is no one at any bank that is going to help you. The loan modifications are for you to sign up and re-affirm the debt for the note THE BANK HAS PROBABLY LOST OR DESTROYED. WHY ARE THEY RE-QUALIFYING YOU IF YOU ALREADY HAVE THE LOAN, HMMMM? The only people with a right to foreclose on the home ARE THE INVESTORS! And they’re hiding because they know the loan was fraudulent. START FIGHTING BACK. find a lawyer who is learning FORECLOSURE DEFENSE, OR take the time to learn the system and DEFEND YOURSELF! Uniform Commercial Code allows only the holder of the note to stand in court and demand payment. Assert your rights, find out if you have fraudulent documents in the closing papers, and question everything! STOP PAYING AND SAVE YOUR MONEY FOR THE LAWYER!
Help! What is up… we were told that our loan modification would be completed with in 30- 45 days… there was a rush to get the information to them to get the loan going.. Here we sit 3 months later nothing….. HELP!