Comments on: Mortgage Company Mensa’s

By: Frustrated Homeowner

Frustrated Homeowner — Fri, 27 Nov 2009 07:30:35 +0000

My problems started with Countrywide who bought our adjustable rate mortgage. I know I should have done it but with the home prices in Caifornia where they were it was the only way to qualify. No problem I thought I will just refinance in two years after the penalty period. Well who in the world will finance you when your house is worth $180,000.00 less than what you owe. I didn’t cause my house to drop in value the mortgage industry did. Long story short we started a loan modification procees with Countrywide in Nov 2008 Bank Of America took over and I thought it might get better but no. I call every week but can’t get past the idiots who answer the phones I am told it is “In review”, every week “In review.” “It takes time sir it can take 90 days.” November of 2008 was more than 90 days ago and February of 09 when the Presidents plan went into effect was more than 90 days ago. Even the new rules that came out in July 09 WAS MORE THAN 90 DAYS AGO!!!! The simple solution to this problem was easy. Every Adjustable rate mortgage should have been changed to the current market fixed rate. End of story the banks still make money and the homeowners keep their houses. Then they would have more resources to help the people who really need it who have had serious hardships. There will always be people who will default but there are some good honest people who are having a rough time with healthcare costs job loss and other situations out of their control who really want to keep their home. These greedy morons caused the problem it should be their responsibilty to fix it and the fix is simple.

By: What it’s Like Dealing with Foreclosures & Short Sales | The Get Home Denver Team

Mon, 25 Aug 2008 22:26:49 +0000

[...] and attitudes communicate an overwhelming aire of indifference! [Read examples from previous posts here and here [...]

By: Foreclosure Missing Piece? | Denver Real Estate and Community Information

Foreclosure Missing Piece? | Denver Real Estate and Community Information — Thu, 14 Feb 2008 19:02:45 +0000

[...] The lenders know the cost of foreclosure, it’s huge! The problem is the lenders have people who get paid an hourly wage to push paper for the sole purpose of getting the paper off their desk. If that means send it to the attorneys for foreclosure, so be it. The person who is dealing with these issues doesn’t care if it would make more financial sense to work out a solution. It is simply more expedient, and more costly mind you, to push the paper somewhere else. EMPOWER YOUR PEOPLE! See this post for real life examples! [...]