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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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Lori

Letter to POTUS

Thursday, 26 August 2010

Written by Lori Kelly

2 Comments

obama Dear Mr. President:

Way back when, seems almost a lifetime ago, I remember you saying something about a moratorium on foreclosures and some new program called Making Home Affordable. A program designed to help millions of Americans keep their homes by modifying the existing terms, to an affordable payment.

I could barely contain my excitement since we were facing imminent default on our mortgage. I was able to earn a decent living in a good economy in the real estate market. I also owned a small business that was tied to a flourishing economy.

It's Not Over

Friday, 25 June 2010

Written by Lori Kelly

1 Comments

You might have heard Fannie Mae is going to start going after homeowners who strategically default on their loans.

So instead of changing current legislation and in particular Fannie Mae guidelines to MAKE the banks modify a homeowners loan, Fannie has decided to spend it's time deciding how they can beat an already beaten down homeowner.

Makes sense?

We, the American taxpayers own this giant, Fannie and we own her brother, Freddie Mac. In 2008 when these two companies were failing, the government seized ownership-took them over. These two companies backed the predatory lending practices that were rampant over the past several years. Now they get rewarded by given another opportunity to rape the American homeowner.

Proof, Please

Thursday, 27 May 2010

Written by Lori Kelly

2 Comments

boabldg Bank of America is once again trying to convince the public that they are actually doing something to help the economy. They are helping us all move ahead. In case we all need to be reminded, the past two years have been difficult for our economy and our country. BOA is worked working hard to fulfill its responsibility to the financial health of families, businesses, and communities.

If BOA is truly working hard to help families and communities, why is it that they are foreclosing on a record number of homes?

Do You Have a Plan B?

Thursday, 06 May 2010

Written by Lori Kelly

3 Comments

If you are one of the millions of Americans trying to save your home, it is a good idea to have a backup plan, or a Plan B in place in case your home goes into foreclosure.

If you have stopped making your mortgage payments, save that money. Find out what is available in your area for rent. You don't have to go physically look at the homes, just check the papers and the internet so you have an idea of the rental market, price, location, school district, etc.

BOA To Help Homeowners

Thursday, 03 June 2010

Written by Lori Kelly

2 Comments

hampwmoney You might have read the article about Bank of America announcing details to partially forgive debts of homeowners who owe more than their homes are worth. And how a bank executive is expressing disappointment in the company's efforts to help homeowners in the government's Home Affordable Modification Program.

Bank of America announced details of a plan to partially forgive debts of homeowners who owe more than their homes are worth, but it is simply not in the best interest of the bank to do this. So we are going to tell everyone that we are here to help, but we will be able to continue to blame homeowners for missing paperwork, tell people we'll put them on trial programs when we have no intention of making them permanent, and our profits will soar.

It I appear pessimistic. I am.

SCREW YOU FREDDIE MAC

Tuesday, 11 May 2010

Written by Lori Kelly

4 Comments

freddieblog Freddie Mac's Don Bisenius wrote a blog today (5/11/2010) about strategic defaults.

May 3, 2010 – As the mortgage industry works through a large volume of loan delinquencies, a new and growing concern has emerged: strategic defaults. In other words, borrowers who have the financial means to make monthly mortgage payments, but choose not to do so and, instead, purposely default on their loan.

Strategic defaults come from a variety of homebuyers: from real estate investors who sought to profit from rising house prices during the housing boom, to individual families who simply sought shelter. But these homebuyers have certain things in common: their properties reside in regions where house prices have declined considerably, and the amount still owed on the mortgage is far greater than the present value of the house.

MERS Confusion

Tuesday, 13 April 2010

Written by Lori Kelly

0 Comments

confused In my attempt to decipher the MERS mystery, I came across a forum on the MERS website. Here is a link to that forum. http://www.mersinc.org/forum/index.aspx

I found a thread on the MERS forum that relates to when an assignment should be recorded. Who owns your mortgage?

Is this a complex version of hide and seek?

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Sep 2, 2011 Carmel on the Case: Termination
Jun 13, 2011 Shamethebanks is moving
Jun 7, 2011 Mary M. LeDoux Lake Charles,
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