This plea for help from a homeowner that emailed this morning seems to be the same old emails and comments I received back two years ago when I started this blog. People are STILL NOT getting help from their mortgage servicers, they are also not obtaining good representation through Hope Now or 995 Hope and they are getting scammed by illegal loan modification companies on Main Street.
Two years, several failed Washington initiatives, billions of dollars, millions of foreclosures and homeowners are still really in the same place they were when the crisis started.
Up Shit Creek without a paddle!
Today’s homeowner email of the day:
I have a subprime mortgage with Countrywide. I live in Pa. Attorney General sued Countrywide & wn $150 million to help us. I get no where.
It was definetly predatory lending & forensics would show broken state & federal laws , I’m sure. I have tried , since May 2008 to modify the loan. Hope Now mailed letters & helped with conference calls, since July 2008. Still no modification.
They instead, raised our interest rate in Jan 2009. I am currently on permanent disabilty. They only had my name on as borrower. I get a pension also…total of my income @$1550/month. How can I pay a $1134 mortgage & $240 toward taxes & still have lights, food, etc ????
We have gone thru investments…and are currently @ 6 months behind. To make it nastier….I went thru a modification co in Feb 2009 , after the rate was increased…and they were shut down & sued by the FTC & Pa attorney General & I’m out $2995 & my credit is ruined (can’t re-fi ).
I don’t trust anyone. Countrywide just keeps saying I’m in review. They will probably say that until they start a foreclosure.
HELP !!!!!!!!!!!!
The year of foreclosure preventions flops:
From Hope Now to the Hope Line. From Hope for Homeowners to No Homeowners Left Behind. From the FHA Secure to the FHA Modernization Act. From the Emergency Loan Modification ACT of 2007 to the Emergency Economic Stabilization Act of 2008.
Can we confuse Main Street anymore with these clever names and with no real help behind the names?
When the Hope Now rate freeze plan was released in late 2007, the Treasury chief said that in addition to the 600,000 sub-prime borrowers who might qualify for a rate freeze, another 600,000 could qualify to have their loans refinanced at more affordable rates.
Many consumer advocates like myself are looking for these Hope Now frozen mortgages led by US Secretary Paulson and his army of lenders that took out their freeze guns and placed a “limited” amount of loans in a “secret” freezer that no one seems to no where (kind of like the Area 51 mystery).
Hope Now and 995 Hope posts from the past:
- March 31, 2008 — Please call 995 Hope if you want to get screwed by your lender, again! (18)
- July 9, 2008 — Loan Modification Myths and Facts (32)
- April 3, 2008 — Hope Now = Hopeless for Many (30)
- December 28, 2007 — NeighborWorks America to administer a $180 million national mortgage foreclosure mitigation counseling program (0)
- December 11, 2007 — Please do not call 888-995-HOPE for Hope Now, if you are not late on your mortgage (18)
- June 2, 2008 — Hope Now Reports Record Loan Workouts in April – Moe Says, “It Still is Not Enough!” (28)
- April 25, 2008 — House representatives argue that new Federal funds are needed to defend homeowners against foreclosure (6)
- February 13, 2008 — Non-Profit Mortgage Brokers Have Begun Their “Secret” Attack on the Mortgage Industry (19)
- January 8, 2008 — Fannie Mae Will Reimburse Its Servicers for Referrals to HOPE Hotline (0)
