“We followed the bank’s instructions to the letter, complied with every document request, idiotic as it may have been...and all we got was a very nice (sarc) form letter from them saying “sorry, your ‘mortgage vs income’ ratio doesn’t qualify you for the Federal program, and because you haven’t been paying your full monthly payments for 6 months, now you’re not eligible for our own in-house program and we’re notifying all the credit bureaus that you’ve fallen behind on your payments.”
They are forcing you into default..if you havent already.
Think of it this way.
Harvard, Princeton and Yale-Banks, Bullets and Bombs.
Lawyers plus Bankers lead us to war.
I really feel bad for people like you. They have a good Job, grab a piece of the dream and then lose their jobs and its your fault because you now cant afford a place you could afford before.
I guess now would be a good time to shoot the greedy homeowners.
It’s crystal clear. From the very beginning the homeowners have gamed the system. They started by tricking the property appraiser (lender’s agent) into submitting an outcome-based appraisal.
Then, millions of homeowners shrewdly conned the “lenders” into dismissing all agency and fiduciary responsibility in the underwriting process....going so far as to force the “lenders” into forging documents.
Then, the greedy homeowners forced the “lenders” to securitize the loan in such a fashion as to bifurcate the mortgage from the note.
On top of that, the homeowners secretly cooked up the concept of “Credit Default Swaps” and forced the “lenders” to insure the collateral at the full (outcome based) value 30X over.
Having successfully pulled the wool over everyone’s eyes - these irresponsible homeowners showered themselves with well deserved bonuses.
Realizing they were too big to fail, these irresponsible, reckless homeowners lined the pockets of legislators and received enormous sums of taxpayer bailouts.
The result of these cunning maneuvers by the fraudulent homeowner scheme has them sitting fat and happy in the cat birds seat. Yup, that’s how they did it. And they’re getting away with it.
Savings drained - check, 401ks all gone - check. Kicked out of their homes - check. “Lenders” made whole many times over via Credit Default Swaps - check. Homeowners foreclosed and “lender” buys back property for pennies on the dollar - check.
Follow the money and you’ll find the culprit. It’s about time we hold these homeowners accountable.
Good call. The website below is sponsored by a well-healed, politically connected, PR machine of greedy volunteers...and contains detailed information on how the collusion on Main Street has ripped off Wall Street.
Don’t look though...it’s just spam.
http://www.foreclosurehamlet.org