Comments on: In Exchange for Playing Ball B of A to Get $2.66 Billion http://loanworkout.org/2009/04/in-exchange-for-playing-ball-b-of-a-to-get-266-billion/ - Free Mortgage, Auto and Student loan Calculators by LoanWorkout.org Tue, 18 Oct 2011 02:57:27 +0000 hourly 1 http://wordpress.org/?v=3.1.3 By: Judy http://loanworkout.org/2009/04/in-exchange-for-playing-ball-b-of-a-to-get-266-billion/#comment-15457 Judy Sun, 28 Jun 2009 18:15:42 +0000 http://loanworkout.org/2009/04/in-exchange-for-playing-ball-b-of-a-to-get-266-billion/#comment-15457 Wells Fargo and American Servicing are NOT helping homeowners modify their loans, instead they are telling homeowners to foreclose or short sale. There are currently 3 million homes foreclosed, these statistics do not lie. The banks rather see homes foreclosed, abandom, vandalize then to work with the homeowner, of course many banks will say that the customer does not qualify, this is far from the truth, I met every criteria and was not approved, when i asked why, their response was that the investor did not want to modify and that the bank cannot go against the investors decision. Long story short....i was told Foreclose and go into bankcruptcy, what good advice!!!!! from these banks, goes to show, consumers need to know who they are dealing with. Unless the Government steps in, this tale of banks modifying loans an order for you to save your home, is pure MYTH. Wells Fargo and American Servicing are NOT helping homeowners modify their loans, instead they are telling homeowners to foreclose or short sale.

There are currently 3 million homes foreclosed, these statistics do not lie. The banks rather see homes foreclosed, abandom, vandalize then to work with the homeowner, of course many banks will say that the customer does not qualify, this is far from the truth, I met every criteria and was not approved, when i asked why, their response was that the investor did not want to modify and that the bank cannot go against the investors decision.

Long story short….i was told Foreclose and go into bankcruptcy, what good advice!!!!! from these banks, goes to show, consumers need to know who they are dealing with.

Unless the Government steps in, this tale of banks modifying loans an order for you to save your home, is pure MYTH.

]]> By: Tony Sena http://loanworkout.org/2009/04/in-exchange-for-playing-ball-b-of-a-to-get-266-billion/#comment-14282 Tony Sena Thu, 23 Apr 2009 06:09:03 +0000 http://loanworkout.org/2009/04/in-exchange-for-playing-ball-b-of-a-to-get-266-billion/#comment-14282 I just wish they would stop giving the banks money. They aren't using it what it was intended for. They are using the money to buy out their competition and this will result in higher fees with less competition. The Government should use this money as a tax credit for small business that create new jobs. This will stimulate local economies. Stop giving banks more money already! I just wish they would stop giving the banks money. They aren’t using it what it was intended for. They are using the money to buy out their competition and this will result in higher fees with less competition.

The Government should use this money as a tax credit for small business that create new jobs. This will stimulate local economies.

Stop giving banks more money already!

]]> By: Topics about Meetups » Archive » In Exchange for Playing Ball B of A to Get $2.66 Billion http://loanworkout.org/2009/04/in-exchange-for-playing-ball-b-of-a-to-get-266-billion/#comment-14277 Topics about Meetups » Archive » In Exchange for Playing Ball B of A to Get $2.66 Billion Thu, 23 Apr 2009 03:31:08 +0000 http://loanworkout.org/2009/04/in-exchange-for-playing-ball-b-of-a-to-get-266-billion/#comment-14277 [...] Foreclosure Chapter created an interesting post today on In Exchange for Playing Ball B of A to Get $2.66 BillionHere’s a short outlineBy Moe Bedard Of course we all already know that Bank of America, Wells Fargo, Citi and other lending giants have received trillions in bailout aid [...] [...] Foreclosure Chapter created an interesting post today on In Exchange for Playing Ball B of A to Get $2.66 BillionHere’s a short outlineBy Moe Bedard Of course we all already know that Bank of America, Wells Fargo, Citi and other lending giants have received trillions in bailout aid [...]

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