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Mary M. LeDoux Lake Charles, LA

Saxon reduced my interest and increased my principle by over $10,000. I had to agree to the "Modification" or lose my ...

Lloyd D Knoxville Tn

OOPS the bank could've been making that rent money for 2 years,instead they make me lose everythig ecept my ...

Jason L. - TN

I never really thought of myself as anyone other than someone who would make his monthly mortgage payments until the ...

Joy Carter Minor, Moss Point, MS

Early January 2011, I received a call that my home was being entered by people without my permission. The ...

Rocky & Brenda C. Cave Creek Arizona

As we seek legal counsel (we're pleading for Terry Goddard's help – he only stepped down from his AG post ...

Michael H. Quay Pahoa, HI

I am still in shock and it seems like a nightmare! ONLY THREE PAYMENTS behind and I also had ...

Andrea Allan 254 Lyons Plains Rd. Weston, CT.

I've lost my business, my home, and am in debt. Also PHH sent in negative 9 times to Experian ...

Larry Bradshaw, Fort Myers, Florida

This appears to be clear and convincing evidence of a “conspiracy to commit fraud” (cover up), a fraudulent act ...

Melissa Ramont, La Mesa, CA

Ok, so my situation is not as devastating as some of the other stories I've seen and heard. But it ...

Bob Cape Coral, FL

I called and complained and a week later I had keys sent to me for the new locks. They ...

Ron B. - Penn

The whole 8 months of this was just a circus of lost papers, noone at BAC working from the ...

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Alicia

Ah Yes...A New Sale Date!

Monday, 17 May 2010

Written by Alicia Morgan

1 Comments

Meanwhile, back at the ranch...

Our broker has resubmitted our loan mod paperwork to IndyMac/OneWest. When she attempted to follow up on the status of the application, she was informed that our case 'had not been assigned to anyone yet."

And, we have a new sheriff's sale date - June 7.

Running out the clock.

Stay tuned.

Comments (1)

Update: Reprieve! (for now)

Friday, 23 April 2010

Written by Alicia Morgan

4 Comments

Well, friends - it ain't over till it's over. That's all I'm saying.

Last week, we were sure we were toast. We talked to St. June on Friday morning, and she said that she didn't think that we were going to be able to pull this off; that they wanted our house and that was it. She said to my husband, "Why don't you give them a call yourself and see what they have to say." When he called, to our surprise we found out that not only was there no new sale date (we had been told that the new sale date was the 26th of April) but we had been taken off the foreclosure list.

Update: Found An Attorney

Friday, 16 April 2010

Written by Alicia Morgan

0 Comments

After days of my husband calling attorney after attorney, we have finally found one - no small feat considering that most of them will not touch a loan mod case with a ten-foot pole. The odds are so stacked against the homeowner that it is not worth their time when there is so little chance of prevailing. Right now, we're not asking him to take on a case per se - just send the letter stating that IndyMac/OneWest is in noncompliance with the RESPA request, along with a copy of the registered letter receipt.

Stay tuned!

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Update: 'Lost' Authorization - Favorite Tactic

Sunday, 04 April 2010

Written by Alicia Morgan

3 Comments

Here's the latest update on our little dance with IndyMac/OneWest:

This has been their preferred tactic in dealing with us. We have faxed them authorization at least three times for our mortgage broker to be our representative with the bank. And every time she tries to deal with them, they claim to not have received the authorization. Obviously they are not anxious to have to deal with her, preferring to deal with someone who does not know their way around the loan system the way she does.

On Good Friday, they pulled their favorite worn-out, mangy, flea-bitten rabbit out of their hat, saying that they have no record of our broker being authorized to represent us with IndyMac/OneWest. They have also not responded to our RESPA request.

Our broker wants us to have a lawyer send them a letter which she will write. This will be our next step.

It's so heartening the way these people are falling all over themselves to work with us.

Comments (3)

On Greed

Friday, 16 April 2010

Written by Alicia Morgan

14 Comments

Hello, my friends.

Today, I would like to talk to you about greed.

In the course of trying to save our house, it has become necessary to publish our personal business - something I was not excited about doing.

I realize that in reaching out for help in public, there are going to be people who are supportive, and also people who are critical. When you put your business in the street, that is part and parcel of the deal. It would be ridiculous to expect any different. If you can’t take the heat, stay out of the kitchen. As a blogger, I know and accept those terms.

I have laid myself open to the finger-pointers, and I would like to respond.

Loan Mod - Why Should the Banks Bother?

Tuesday, 06 April 2010

Written by Alicia Morgan

4 Comments

As we proceed with this agonizing process, the enormity of what we're up against can be overwhelming. I spoke with our mortgage broker St. June today, and she put it very succinctly.

She has gotten seven loan mods through in the last year and a half, and it is getting increasingly more difficult. She says that the best bank to deal with, overall, has been Bank of America. Wells Fargo has been the nicest, but they don't follow through on what they promise. But our bank, IndyMac/OneWest, is far and away the worst to deal with.

Hey There, Tom Hoenig - Do You Like Big Blondes?

Friday, 02 April 2010

Written by Alicia Morgan

0 Comments

My new financial crush? Kansas City Fed President Thomas M. Hoenig, who makes me all swoony when he advocates for breaking up the megabanks, criticizes 'too big to fail' and says oh-so-seductive things like "I don't think we have any business guaranteeing Wall Street when we're unable to guarantee Main Street."

Alicia's Stuff

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Alicia is a blues musician, political author, and blogger living in Los Angeles, CA - at least for now.

She and her family are fighting to keep a predatory loan with IndyMac (now owned by investor consortium OneWest) from taking the home they've owned for 27 years.

We're in this together

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