9/25/11

TARP BANKS SEEK DEBT FORGIVENESS FROM PAYING YOU BACK!

Did you know:  THE BANKS DO NOT OWN YOUR FREDDIE OR FANNIE BACKED HOME MORTGAGE?  THEY SERVICE THE LOAN, but do not own it.  They lie and back innocent people into corners by acting like the final word.  These are daily true circumstances of what the banking industry does to customers:
  • What happens if you even THOUGHT about being late on payment to your lenders?  They throw you into the 7 circles of hell ranging from collection telephone calls when you are not late or missed a payment and they treat you like shit?  
  • Expensive FedEx packets of modification applications with their invasive documents -  and continual threats to foreclosure, inter-department harassment with no recourse, no department to complain to for relief and belief?  
  • Your integrity is put on the line from some outsourced call center - and you were NEVER late on your loans?  Never Ever Late?  
  • What if you get thrown into FORECLOSURE because of a computer error no human being at the bank will fix?   
  • What if you have no mortgage, but a computer says you do, you are in default and they come after you?
  • How about refinancing your current mortgage because of your good credit scores to advantage great interest rates being solicited?  Or, If you went online to look at HARP refinancing the government has offered to those seeking relief?  Your current TARP taking lender finds out with their key stroke software alerts to see inquiries from your credit reporting agencies - so they can hunt you down for daring to look at options ... then your lender starts putting you into a modification loan program you did not request?  
If you don't know your rights or fight back hard, they end up doing it to millions of homeowners!    Modification is a dirty word, it is an instrument that benefits the bank into being that much closer to taking what's yours at a whim! Modification can hike your mortgage payments directly into failure situations with little to no control once they have you! 
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If you agree with the below article, add your voice by clicking here so America hears our voices together.  
From Kentucky Attorney General Jack Conway:  "The same Wall Street banks whose irresponsible actions led to our nation's economic collapse are now pressuring all 50 states to give them legal immunity. The banks want to block any criminal or civil accountability for actions that have yet to be investigated.  Attorneys General from Delaware, Minnesota, Nevada, and New York have been fighting back. Today, I want to make a clear statement in support of Wall Street accountability and against immunity for banks -- and I ask you to join me on this statement:  "Today's economic crisis was caused by Wall Street acting improperly. Every American has paid the price -- with families losing their homes, investors losing their money, and many Americans losing their jobs. There should be absolutely no criminal or civil immunity given to banks for activity that has not yet been investigated."   Frankly, all elected leaders owe it to their constituents to take this position. If we speak up together, more and more of them will. Sign here.  Today, by adding my voice to this issue, along with the Progressive Change Campaign Committee, we are adding momentum to the fight for Wall Street accountability.  These next couple weeks are critical. Key meetings and discussions will determine if Wall Street banks get immunity -- regardless of what they may or may not have done.  Now is the time for the public to stand up. Add your voice to the above statement today -- then, tell your friends.  Together, we can hold Wall Street accountable to Main Street. Thanks for being a bold progressive."  
If you agree with the below article, add your voice by clicking here so America hears our voices together.  
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MMN Says:  The only way to allow the banks could ask for even partial relief is for them to PAY OFF all the mortgages they are holding from good credit payers. Especially Fannie and Freddie owned contracts.  To do so is only a drop in the bucket against their TARP LOANS debts.  Return to us our evaluations,  our interest on lost equity, stimulate housing sales and construction by making us free and clear, create jobs, restore careers, assist the economy towards balance ... 
BECAUSE from 2008 onwards  - BANKS ARE IN DEFAULT OF THEIR LOANS OF WHICH YOU HOLD THE NOTE UPON AS A US TAXPAYER!  WE WILL FORECLOSE ON YOU SINCE YOU HAVE OUR [TARP] MONEY IN YOUR POCKETS!  Then you can go to jail and rot in Hell.  



1 comment:

Unknown said...

NOVEMBER 2011 UPDATE - NEW DAY DAWNS - Presidential Executive Order for HARP.2 FHA loan changes takes effect for specific help for loss of equity home owners. Shop your lenders to be educated to act within 40 days from this post,compare shop talk with lenders to see how they each may handle their middle man position for underwater equity loan products. You can have 30 year FIXED or how ever you like! Lenders have to drop a lot of refi fees, closing costs and because your property is UNDER EQUITY - you may likely escape having the appraisal fee big bite (cos, what's the point if you have no equity in a no comp/sales dead market) AND - the new FHA/HARP will allow you to leave the confines of your current Fannie or Freddie service institution. You cannot be sold to predatory lenders if your mortgage does get sold. If you can shave ONE POINT at least - and likely more off your current interest rate, it is worth shopping around now. Just don't make any deals or work on GFE's with lenders until around the new year. PS: Remember, refinancing your homestead is a great tax deduction for that year! This new FHA/HARP.2 is only for good payers who are not behind on their current mortgage, but would otherwise have credit scores and history to have done a refinance before 2008 WITH equity you earned. Good luck, great savings! Happy hunting!, and only on first mortgages, not secondary liens or loans you may have.