Comments on: Congresswoman Maxine Waters Calls for More Class Action Lawsuits to Prevent Foreclosures http://loanworkout.org/2009/10/congresswoman-maxine-waters-calls-for-more-class-action-lawsuits-to-prevent-foreclosures/ Loan Modification & Home Loan News Sat, 20 Mar 2010 15:31:56 -0700 http://wordpress.org/?v=2.9.2 hourly 1 By: Karen Wilhite http://loanworkout.org/2009/10/congresswoman-maxine-waters-calls-for-more-class-action-lawsuits-to-prevent-foreclosures/#comment-19694 Karen Wilhite Tue, 16 Feb 2010 23:45:22 +0000 http://loanworkout.org/?p=6468#comment-19694 I had a loan with Country Wide and perfect credit, in Nov. of 2008 started trying to qualify for the "Making Homes Affordable" program. After doing everything I could to be excepted it fell out in April of 2009 because they told me to make a pmt and I did. Then I was told that since I had made a pmt, I was disqualified and had to restart. In June of 09, when I was almost finalized, Bank of America purchases Country Wides loans and I again had to start from scratch. Every time I talk to a representative or their supervisor I get a different story. I've even been accused of ling. I've been keeping notes and names but even that doesn't faze these people. After "re" starting with B of A 3 times I was informed today that I have to do it yet again. I have a Intent to accelerate that is due to expire March 13,2010 and I'm told not to worry??? Only 11% of these loans make it threw these programs and I'm not suppose to worry??? I'm now permanently disabled as is my son; and my mother who lives with me is 71 and in ill health, but I'm not suppose to worry??? HUD doesn't help either my rep., with their program, just kept getting hung up on. Could he do anything, no, he doesn't have the authority or the teeth to back it up. I'm not going to delude myself into believing that these people give one wit about any of us... The question is only does any government official who possibility help really care?? I could have refinanced the balance due in Nov of 08 but instead I foolishly thought that the mortgage holder had received funds to process these loans and so I was safe.... Maybe we need another government insurance program to insure the government insurance program. The three of us will be in the street soon and it want cause anyone to loose one moment for their restful slumber. Thanks allot Mr. Oboma P.S. My loan was almost 1/2 paid off before all this started. I only owed $60,000. Once out in the street I guess HUD will finally help with a government supplement for the rent payments that I can afford either. I had a loan with Country Wide and perfect credit, in Nov. of 2008 started trying to qualify for the “Making Homes Affordable” program. After doing everything I could to be excepted it fell out in April of 2009 because they told me to make a pmt and I did. Then I was told that since I had made a pmt, I was disqualified and had to restart. In June of 09, when I was almost finalized, Bank of America purchases Country Wides loans and I again had to start from scratch. Every time I talk to a representative or their supervisor I get a different story. I’ve even been accused of ling. I’ve been keeping notes and names but even that doesn’t faze these people. After “re” starting with B of A 3 times I was informed today that I have to do it yet again.

I have a Intent to accelerate that is due to expire March 13,2010 and I’m told not to worry??? Only 11% of these loans make it threw these programs and I’m not suppose to worry??? I’m now permanently disabled as is my son; and my mother who lives with me is 71 and in ill health, but I’m not suppose to worry???

HUD doesn’t help either my rep., with their program, just kept getting hung up on. Could he do anything, no, he doesn’t have the authority or the teeth to back it up.

I’m not going to delude myself into believing that these people give one wit about any of us… The question is only does any government official who possibility help really care?? I could have refinanced the balance due in Nov of 08 but instead I foolishly thought that the mortgage holder had received funds to process these loans and so I was safe…. Maybe we need another government insurance program to insure the government insurance program.

The three of us will be in the street soon and it want cause anyone to loose one moment for their restful slumber.

Thanks allot Mr. Oboma

P.S. My loan was almost 1/2 paid off before all this started. I only owed $60,000.

Once out in the street I guess HUD will finally help with a government supplement for the rent payments that I can afford either.

]]> By: Jones http://loanworkout.org/2009/10/congresswoman-maxine-waters-calls-for-more-class-action-lawsuits-to-prevent-foreclosures/#comment-19668 Jones Mon, 15 Feb 2010 06:39:36 +0000 http://loanworkout.org/?p=6468#comment-19668 I havetwowords for all you folks: civil disobedience. The mortgage companies have us the same way the busses had African Americans in the 1950s. Those people sacrificed to make a change and we can too: refuse to participate in ANYTHING that will turn a profit for banks: 1) mortgages 2) credit card usage 3) balance carrying on credit cards 3) car loans 4) any other type of loan. Stop paying them if necessary , change your phone number then write them that "dear John letter" that only allows mail contact. Go to modest, cash only living and use the extra $$you save to hire alawyer to straightenout your credit. Don't let the vampires suck you dry. I havetwowords for all you folks: civil disobedience. The mortgage companies have us the same way the busses had African Americans in the 1950s. Those people sacrificed to make a change and we can too: refuse to participate in ANYTHING that will turn a profit for banks: 1) mortgages 2) credit card usage 3) balance carrying on credit cards 3) car loans 4) any other type of loan. Stop paying them if necessary , change your phone number then write them that “dear John letter” that only allows mail contact. Go to modest, cash only
living and use the extra $$you save to hire alawyer to straightenout your credit. Don’t let the vampires suck you dry.

]]> By: Linda http://loanworkout.org/2009/10/congresswoman-maxine-waters-calls-for-more-class-action-lawsuits-to-prevent-foreclosures/#comment-19388 Linda Tue, 26 Jan 2010 01:34:47 +0000 http://loanworkout.org/?p=6468#comment-19388 I applied for a modification and had paperwork lost over ten times over the course of 8 months. I could no longer afford the home. I worked with a realtor and brought a buyer and offered a short sale for the home. Wells Fargo denied the short sale - after "losing" the paperwork several times and foreclosed on the home anyway. Where has all the hard earned tax money gone which was intended to help a person like myself. I did everything in my power to avoid the foreclosure and benefit our economy. Wells Fargo would not participate. I applied for a modification and had paperwork lost over ten times over the course of 8 months. I could no longer afford the home. I worked with a realtor and brought a buyer and offered a short sale for the home. Wells Fargo denied the short sale – after “losing” the paperwork several times and foreclosed on the home anyway. Where has all the hard earned tax money gone which was intended to help a person like myself. I did everything in my power to avoid the foreclosure and benefit our economy. Wells Fargo would not participate.

]]> By: Diane Waight http://loanworkout.org/2009/10/congresswoman-maxine-waters-calls-for-more-class-action-lawsuits-to-prevent-foreclosures/#comment-19211 Diane Waight Sat, 16 Jan 2010 18:06:24 +0000 http://loanworkout.org/?p=6468#comment-19211 I like everyone else has been in the process since last May. They too keep asking me for paperwork I have given numerous times. I completed my trial people in October and still am being asked for paperwork again, after I have been told everything was finalized. My credit was good to and now it is down the tube because of Bank of America who was Countrywide. Is there a class action suit in GA? I like everyone else has been in the process since last May. They too keep asking me for paperwork I have given numerous times. I completed my trial people in October and still am being asked for paperwork again, after I have been told everything was finalized. My credit was good to and now it is down the tube because of Bank of America who was Countrywide. Is there a class action suit in GA?

]]> By: Rita McBride http://loanworkout.org/2009/10/congresswoman-maxine-waters-calls-for-more-class-action-lawsuits-to-prevent-foreclosures/#comment-18614 Rita McBride Tue, 15 Dec 2009 02:39:42 +0000 http://loanworkout.org/?p=6468#comment-18614 I have yet to miss any mortgage payments with citi bank yest since I began this process in may,2009 my credit has gone down the tubes because it is showng as 3 months of late payments moving into forclosure. When I got the letter from the collections dept the I owed the bank 5k. I asked them where the money was I had been sending ( I have cancelled checks from the bank)and they were not sure bu they would check it out? They could not however help my credit problem? I have yet to miss any mortgage payments with citi bank
yest since I began this process in may,2009 my credit has gone down the tubes because it is showng as 3 months of late payments moving into forclosure. When I got the letter from the collections dept the I owed the bank 5k. I asked them where the money was I had been sending ( I have cancelled checks from the bank)and they were not sure bu they would check it out? They could not however help my credit problem?

]]> By: Lee Heard http://loanworkout.org/2009/10/congresswoman-maxine-waters-calls-for-more-class-action-lawsuits-to-prevent-foreclosures/#comment-18057 Lee Heard Mon, 16 Nov 2009 20:40:21 +0000 http://loanworkout.org/?p=6468#comment-18057 We were forced out of our home. We got into a subprime loan so that Crown Reliance (Kevin Mohan) out of CA could fix their mistake. This was the home that we raised our kids in. I have a stack of paperwork showing the fight we had with them for a couple of years. Our home was recently sold for 85,000.00. My husband was forced to take a medical retirement and trying to start over at 50 with a disablity is not easy especially when your home has been stolen from you. I am waiting for a class action lawsuit in Arizona. We were forced out of our home. We got into a subprime loan so that Crown Reliance (Kevin Mohan) out of CA could fix their mistake. This was the home that we raised our kids in. I have a stack of paperwork showing the fight we had with them for a couple of years. Our home was recently sold for 85,000.00. My husband was forced to take a medical retirement and trying to start over at 50 with a disablity is not easy especially when your home has been stolen from you. I am waiting for a class action lawsuit in Arizona.

]]> By: Tammy http://loanworkout.org/2009/10/congresswoman-maxine-waters-calls-for-more-class-action-lawsuits-to-prevent-foreclosures/#comment-17856 Tammy Tue, 03 Nov 2009 15:04:39 +0000 http://loanworkout.org/?p=6468#comment-17856 Are there any class action lawsuits in CO? I think my mortgage company is taking me for a ride!!!!! Are there any class action lawsuits in CO? I think my mortgage company is taking me for a ride!!!!!

]]> By: Karen DeLessert http://loanworkout.org/2009/10/congresswoman-maxine-waters-calls-for-more-class-action-lawsuits-to-prevent-foreclosures/#comment-17833 Karen DeLessert Sun, 01 Nov 2009 16:04:16 +0000 http://loanworkout.org/?p=6468#comment-17833 I too am having trouble getting straight answers from my mortgage lender GMAC. I am being told that they are waiting for "terms and guidelines" from FHA regarding the FHA Loan Modification. I find it hard to believe that a federal goverment program would be implemented without the proper "terms and guidelines." I have spoken with a counselor for HUD and they are not aware of "terms and guidelines" for FHA. Hud suggest that is GMAC's "terms and guidelines" that are being formulated. Somebody is lying to me. I too am having trouble getting straight answers from my mortgage lender GMAC. I am being told that they are waiting for “terms and guidelines” from FHA regarding the FHA Loan Modification. I find it hard to believe that a federal goverment program would be implemented without the proper “terms and guidelines.” I have spoken with a counselor for HUD and they are not aware of “terms and guidelines” for FHA. Hud suggest that is GMAC’s “terms and guidelines” that are being formulated. Somebody is lying to me.

]]> By: Melissa http://loanworkout.org/2009/10/congresswoman-maxine-waters-calls-for-more-class-action-lawsuits-to-prevent-foreclosures/#comment-17557 Melissa Wed, 21 Oct 2009 20:20:25 +0000 http://loanworkout.org/?p=6468#comment-17557 Are there any class action lawsuits in CA? My husband and I have completed the trial modification and still have yet to recieve a permanent modification. They just keep asking for more paperwork which we have sent 5 times! Are there any class action lawsuits in CA? My husband and I have completed the trial modification and still have yet to recieve a permanent modification. They just keep asking for more paperwork which we have sent 5 times!

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