Mortgage Stories
Your stories, your neighbor's stories, your family's stories. Stories from homeowners and anyone who has been a victim of mortgage and foreclosure fraud.
My husband and I have decided that we are not playing their game anymore and we are not making any more trial payments as well. Life goes on and we need to do the same. Either work with us or foreclose on us. I have done my due diligence in fighting this fight and emotionally, mentally and physically I can't do it anymore. We drew the line in the sand and I guess we will see which way the wind blows. If it doesn't go my direction then I will at least have time to figure out where we will go and save up for that. I just really wish it wouldn't come to that.
DATE??? Call BOA Customer Service and a customer representative tells me that my December 2008 loan modification had been rejected. I ask him why I had never been informed, and he becomes very rude. He offers to take a new verbal application over the phone and rejects me on the spot! I ask him to explain the discrepancies in my statements, and he tells me “something strange” is going on with my loan, but he has no explanation. Says he will leave a note for a supervisor to call me back. I am never contacted.
No, Chase will not accept any payments. You can imagine my frustration level by this point. They send me a letter that they are going to auction off my house in March, we are now approaching 17 months for this whole process that Chase was SOOOOO anxious to expedite and take my house. Chase calls me, I believe 2 days after my house was auctioned off and tells me they want to work something out....I hung up on them. 6 weeks later I get a notice on my door from the Home Owners Assistance group, after my house has been auctioned off that they would like to help me to make payment arrangements. I had a moment of sympathy for this very nice group of people and called the number...it was Chase.
I must apologize straight off if I ramble, I am very angry at the moment and it may affect my writing.
I have been working with Wells Fargo for over a year now. When my life savings and credit line had been depleted I stopped paying my mortgage while continuing to look for full time work. The winter of 2008/2009 I was so broke I couldn't afford to turn my furnace on but I paid my mortgage through March. I April 2009 I applied for the Make my Home Afforible Program. Month after month I resubmitted my paperwork and in July I got a forbearance agreement that was $200 a month for 3 months with an $8,000 balloon due November 1st. In October I contacted a mortgage counseling service and together we called Wells Fargo as we were concerned about making the balloon payment.
I don't know how to begin this crazy tale of the american dream turned nightmare. my husband and i were married in 1987. i gave birth to our son in 1988 and our daughter in1990. we purchased our 1st home in 1991 with the help from HUD. we lived in and renovated that home,top 2 bottom, for 3 years. we sold it with 23k profit. bought our next home, lived in, and renovated that home, top 2 bottom for 11 years. we sold it with 100k profit. we thought we were well on our way towards the american dream. fools. making the choice to sell the home our kids had grown up in, the home that my husband and i had worked every square inch by our hands. fools.
I'm a single dad - career military man - a steady member of our community... I don't live a flashy extravegant life, but my bills and mortgage kept going up
I have sent a letter off to my Senator about this, and am now in search of an attorney in Maine that knows what they're doing in this situation. Sometimes I wonder why I'm going through all this - for a house that is now valued at about $50,000.00 less then I owe on it.. that needs all kinds of work done to it.. and my credit has already taken a big hit because of this modification process. Why wouldn't I just walk away from this house? Why am I fighting for it??? And why would they rather foreclose on a house that they'd have to deal with, and maybe eventually sell for less money, and end up with a mortgage payment from the new owner of probably around 1,147.97 per month???? This is crazy, and makes no sense!
Great that I have found another website to vent my ongoing frustration with WELLS FARGO BANK.Today marks my one and a half year anniversary of being in loan modification.Will be celebrating it by making my weekly call to them which I have done almost religiously for a year and a half! The only comfort I recieve from this incredible, stressful debacle is a glimmer of hope that at some point, some time, something will get done to help us..all of us!!
The banks have virtually been given free reign on how to interpret the program. Any of you that have gone through this process knows how little if any, accountability these banks have for agreeing to participate in HAMP. If there is an investigative reporter out there that wants to sink their teeth into something, here it is. I have not made a mortgage payment in two years. I am still in my home. I credit this to one stroke of luck only. The fact that I live in the great state of Connecticut . While many states have optional court mediation for banks/homeowners to turn to, Connecticut has made it mandatory that homeowners be given the opportunity for court mediation with their mortgage holder when a bank files for foreclosure. What does this mean? It means that the bank must meet with us face to face in the presence of a court appointed mediator if the homeowner so chooses. And really, who the heck wouldn't choose that, right?
The final straw was when Chris Martinez (BofA negotiator) told us he didn’t like the numbers on our offer. On his counter he increased Citigroup's sale proceeds and reduced BofA's sale proceeds by re-allocating it between the two lien-holders, fees, and taxes. Why would he do that? When our broker objected, Mr. Martinez insisted it was not a problem. He said, in the end both banks will get the correct amount. So, the offer to BofA was reduced, on paper, to $3000 from $8000, when in reality, the money was there.
Not only is my home listed for saleon 5/4/10-yea, that's tomorrow- I also lost my job of 25 years this summer due to fraud by a co-worker. I've been so busy trying to keep my utilities on, save my home and fill out a million forms while I wait for Social Security to approve my disability that I have not been able to slay the beast that started this whole nightmare. You have my permission to take this information as high as it will go. I bought my home in 2001 after a divorce.
Homeowner Stories
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