Why Won't My Mortgage Company Help?

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Uploaded by on Apr 2, 2009

http://www.consumerwarningnetwork.com/2009/04/02/why-wont-my-mortgage-company... With President Obama's recently released Housing Rescue Plan, the pressure is on to stop the foreclosure crisis, but making that happen will require the cooperation of lenders, and Consumer Warning Network has learned that's easier said than done.

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  • You should've hired an attorney instead of thinking your lender not your awesome friend was going to take care of you. If you were a realtor you should know what fraud is going on during the last decade plus. If you haven't hired an attorney to look for fraud and you're waiting for the bank to modify good luck on that venture

  • Before you leave your foreclosure put some locks on your front door that cannot be opened from the outside like large barrel bolts. Use long hardened screws to anchor them. Put 3" screws in all your hinges and lock plate strikes on your door. Then go out the garage (if automatic) but before you do cut off the safety open pull rope and put duct tape around the mechanism so it can't be manipulated from the outside. Make them break a window to get in instead of drilling your $20 deadbolt.

  • Lenders will be having difficulty to participate with this venture to stop mortgage crisis. Hopefully Government can be able to come up with legislation to protect its constituents from banks and other finance corporation.

  • The lenders are just a bunch of greedy lenders. They are only interested in the fat commissions. Loan Modifications are a scam, a bunch of lies, they know that the recession was based on greedy lenders making huge profits and nobody wants to give it back! Bank of America is one of the greediest banks on the planet, they could care less about what you lose. While they spend godless amounts of money on technology and lavish lifestyles, it's the Tea Party's way of stealing you blind!!!

  • My mortgage companyASC part of Wells,wont work with me either, stating i have too much debt therefore they cant modify, refinance, etc. What type of sense does this make! If i have too much debt, shouldnt that help being that i exceed the 31%. This bail out isnt helping anyone. Im sorry for these folks! i will be here soon too.

  • It's really unbelievable. Pretty terrible that they won't even talk to homeowners who are trying to be proactive. What's wrong with these lenders??? I guess they're still blinded by greed!

  • I agree completely, I think the banks are pretending to be helpful for the governments "eyes only" .. They want to foreclose and are not being helpful at all according to everyone I speak to.

  • The TARP money is being stolen, plain and simple. How can anyone afford a so-called "work out" when these mortgage services, debt collecters and MERS participants are pocketing Million in fees?!

    The Truth is they make money in foreclosure AND get to hide the loss by issuing NEW LOAN on the same house.

    Google: MERS v TREVINO

    Google: DA: Ex-Pol $50 million mortgage fruad

    TARP is being exhausted by the "Trickle down" method.

    All the fraud is on the table.

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