My ex-brother in-law applied for one of these programs. But he had no intention of ever paying the new mortgage. His only motivation was to delay the ultimate foreclosure. I’m sure a lot of these applicants have the same idea.
Nothing that a little ol' national sales tax add on won't help.
More on Martin Crutsinger, Associated Propagandist...(thanks NewsBusters)...
http://newsbusters.org/people/martin-crutsinger
Bump
Gee, My buddy must have written this article. They were told Documents were lost by a “Third Party” contractor to the Process, but no CITI was going to take over......please send documents again.
Then, they were told their ‘Insurance Documents” were not current, it was last years insurance....this coming from a mortgage company that actually PAYS the insurance company themselves........saying they have not proven they have insurance.
They asked CITI WHY were they sending out a $3,000 check to the Insurance Company each year if they couldn’t PROVE they had insurance on the home they were financing.
Maybe that program is actually run by the government ? And the Mortgage companies are just trying to conform to the bueaucratic FHA or somethin.....real corporations don’t work this way.
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