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The Banks Show No Mercy: 10 Foreclosure Horror Stories That Will Blow Your Mind

The Banks Show No Mercy: 10 Foreclosure Horror Stories That Will Blow Your MindDuring the last housing crash, the big banks begged the federal government for help and they received it, but when average Americans ask the big banks for help most of the time the banks show no mercy whatsoever.  If you fall behind on your mortgage payments, the big banks have shown that they are willing to be absolutely ruthless.  They will change locks in the middle of the night, they will toss disabled veterans and families with children out into the street in the middle of winter, and sometimes once the foreclosure process has begun they will not even allow someone to come forward and offer to pay off the loan if they think that they can make more money by selling the home.  The big banks will often string homeowners along for months or even years with loan modification promises, only to drop the hammer on them at the most inopportune time.  Over the past several years there has been case after case where mortgage documents have “disappeared”, where big banks have “manufactured” missing documents out of thin air and there have even been cases where big banks have tried to foreclose on homes that do not even have a mortgage.  Once in a while, the big banks get a small slap on the wrist, but nobody ever really gets into much trouble for any of this.  In fact, the big banks just continue to gain even more market share and even more power.  Hopefully when some of these foreclosure horror stories start to become publicized more widely we will start to see some real changes in the marketplace.

The following are 10 foreclosure horror stories that will blow your mind…

#1 If you get behind on your mortgage, your family might be tossed into the street at gunpoint in the middle of the night

This week, Christine Frazer and her family were thrown out of the Atlanta home they’d lived in for 18 years, at gunpoint in the dead of night.

They were not set upon by robbers, but by the Dekalb County Sheriff’s department, which evicted the family at the request of Investors One Corporation. As  Steven Rosenfeld reported for AlterNet, it was the fourth company to buy the family’s mortgage in eight months.

#2 Time after time we have seen authorities show absolutely no mercy when conducting these evictions…

It was bad enough when 62-year-old disabled veteran Ramsey Harris was evicted from a foreclosed house on Jamaica Lane where the former owner had been letting him live.

Then it started to rain as all his worldly possessions sat in a heap by the side of the road and Harris noticed some of his valuables were missing.

“It was just ugly,” Harris said Friday. “I was just broken-hearted. I couldn’t believe what was happening to me. I ended up standing, watching all my life’s work go down the tubes.”

#3 Sometimes financial institutions will promise you a loan modification for many months and then turn around and foreclose on you anyway

When the economy crashed and his business slowed down, Wells Fargo offered to modify Steve Bailey’s loan to lower his payments. After making a series of trial payments, Wells Fargo notified Steve that his modification was on the way.

A few days later he received a letter stating that his modification had been denied. The Wells Fargo representative he spoke with reassured him that they had made a mistake and that he should keep making the payments, which he did for seven months.

Steve then started to receive foreclosure notices. Again, the bank representative assured him that the notices had been sent in error.

Then Steve checked his credit. Wells Fargo had reported him delinquent on his mortgage for the last six months. The reduced payments that Steve had agreed to pay for the previous months had been put into a separate trust by Wells Fargo, and they had not gone towards his mortgage.

Steve took the case to court but lost despite mountains of evidence in his favor. He lost his home and his business.

#4 Other homeowners have found themselves trapped in loan modification hell for years…

I am self-employed, have been all my life and have owned a home for 30 years. When I started my Loan Modification process in August of 09 I WAS NOT behind on any payments. I sent full documentation, over 150 pages, with the things they needed to verify my income. I am now 2 payments behind and I am getting nowhere. They keep flipping me between Loss Mitigation and Imminent Default, back and fourth month end month out. I made a habit of calling every week, then every two weeks just to be sure all was moving forward. From the middle of November I was told my file was with the underwriter and it would only be 30-60 days. I began automatically updating my income verification, verification that I still resided at the property and an updated 4506-T every month. In the middle of April a rep finally told me I was not in the loan modification process. In fact, that I had been denied on March 2. Keep in mind, I’m talking to these people every 2 weeks. She did a financial interview and sent me a new packet so that I could start all over, resubmitting all the documentation yet again. She told me she was my Account Manager. I completed the packet, called with a question (2 weeks later – over a week to receive the packet and another few days to complete it and gather all my documents again) and learned that my “Account Manager” was on maternity leave and I now didn’t have an account manager. Also, I was told that I had received the incorrect packet…it was the old version rather than the updated version. She asked me to fax four or five pieces of information in the hopes it would, quote, “jump start my file back into the process” and said she we send me another packet. That was mid April. Here we sit, 2-1/2 months later, I have still not received anything in writing about my rejection. And, though I’ve now had people tell me on three separate occasions that I would receive a new packet, it has yet to show up on my door step. I asked several times why my application was denied and the answer I finally got last week was that it was because I was DELIQUENT in my payments. Call me crazy but I thought that was the whole point??!! I almost hired a third party but am so hesitant to take that step. Every time I get on the phone with them it takes an hour out of my day and I am usually so upset I find it difficult to work, so I just don’t call. I’m going to sit back and regroup and decide what I need to do next.

#5 Sometimes a big bank will kick someone out of their home and then never actually take possession of the house.  As a result, many former homeowners now find themselves stuck with thousands of dollars of unpaid bills.  For example, a recent CNN article told the story of Rose Nathan, a 37-year-old office manager…

Nathan lost her South Bend, Ind., home in January 2009, after working out a deal with CitiMortgage to voluntarily walk away in a “deed in lieu of foreclosure.”

“On Christmas Eve, the bank called and told me a sheriff’s sale was coming and I had to move out right away,” she said. “So that’s what I did — seven days after New Year’s.”

She sold her belongings and moved to Hawaii. Nearly two years later, she received a property tax bill from the City of South Bend for $5,000. The bank had never taken possession of the house.

These unpaid taxes that she didn’t even know about have absolutely destroyed Nathan’s finances…

Meanwhile, the unpaid debt has crushed Nathan’s credit score. The deed-in-lieu alone lowered her score by 80 to 120 points, but the unpaid debt meant her credit kept taking a hit. Eventually her credit card companies cut her off, even though she said she was making her payments.

Her auto loan now carries a 25% rate. Her car insurance premiums have skyrocketed. She can only afford a one-bedroom apartment where she lives with her three kids. And forget about buying another home. “Nobody will give me a mortgage,” she said.

#6 Sometimes a big bank will decide to foreclose on you even when you have been making all of your payments.  Just check out what real estate agent Mark Conca went through with one major bank…

He decided to approach his lender, Bank of America, to see if he’d qualify for a modification. After he applied, many months passed and Conca heard nothing from the bank. Knowing lenders had huge backups in modification requests, he remained patient.

Conca, 41, continued to make the full payment on the mortgage for his Caldwell home, on time, every month.

But that’s not what Bank of America said when it sent Conca a letter about its intent to foreclose.

“I would have been better going to a loan shark and borrowing all that money,” Conca said. “At least with the street mafia, you know where you stand.”

#7 Sadly, the customer service at many of these large financial institutions is almost non-existent.  In fact, sometimes representatives from these companies will literally tell you that they won’t lift a finger to help you

After a car accident  Kathryn Nava wound up on disability and had trouble making her mortgage payments. She had a friend who was willing to help her make her back payments, but that friend wanted to see a payment history before giving her the money. Nava called her mortgage lender to request that history—and was told it would cost her $50 per hour, and take 90 days to receive it.

So she tried again, calling the president of the company. She got a voicemail response that shocked her so much she recorded it and saved it.

“Let me enlighten you, Kathy. First of all, there’s nothing in your contract with us says we owe you any history, now, next year, five years from now or the next time…I’ve begun foreclosure today. I bet you’re sorry now that you made that phone call. I don’t need to put up with your crap, OK?…Bottom line, I’m doing nothing for you now.”

Indeed, she did end up losing her home.

#8 Sometimes the big banks will try to foreclose even when you paid cash for your house and you don’t even have a mortgage…

Charlie and Maria Cardoso are among the millions of Americans who have experienced the misery and embarrassment that come with home foreclosure.

Just one problem: The Massachusetts couple paid for their future retirement home in Spring Hill with cash in 2005, five years before agents for Bank of America seized the house, removed belongings and changed the locks on the doors, according to a lawsuit the couple have filed in federal court.

#9 Dealing with these big banks is so incredibly frustrating that some homeowners have completely snapped.  For example, one very frustrated homeowner in Ohio decided to crash his SUV into his own home

30-year-old Steve Doak told deputies he was recently served with foreclosure papers and wanted to destroy the house rather than turn it over to the bank. The sheriff’s office says Doak drove the vehicle into fencing and then into the rear of the house

#10 Another very frustrated homeowner literally bulldozed his own home

“The average homeowner that can’t afford an attorney or can fight as long as we have, they don’t stand a chance,” he said.

Hoskins said he’d gotten a $170,000 offer from someone to pay off the house, but the bank refused, saying they could get more from selling it in foreclosure.

Hoskins told News 5’s Courtis Fuller that he issued the bank an ultimatum.

“I’ll tear it down before I let you take it,” Hoskins told them.

And that’s exactly what Hoskins did.

Meanwhile, the big banks that are doing all of this continue to receive billions of dollars in assistance from the federal government.  The following is from a recent Bloomberg article

When JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon testifies in the U.S. House today, he will present himself as a champion of free-market capitalism in opposition to an overweening government. His position would be more convincing if his bank weren’t such a beneficiary of corporate welfare.

To be precise, JPMorgan receives a government subsidy worth about $14 billion a year, according to research published by the International Monetary Fund and our own analysis of bank balance sheets. The money helps the bank pay big salaries and bonuses. More important, it distorts markets, fueling crises such as the recent subprime-lending disaster and the sovereign-debt debacle that is now threatening to destroy the euro and sink the global economy.

Sadly, when the next wave of the economic crisis strikes, we are probably going to see millions more foreclosures and thousands upon thousands of more stories just like these.

So what do you think about all of this?

Do you have a foreclosure horror story to share?

Please feel free to post a comment with your thoughts below…

Foreclosure

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  • http://www.facebook.com/people/David-Webb/100001371414176 David Webb

    I guess when we grow a real court system with real judges, then it might change. Right now the entire system stinks.
    The banks are being very short sighted. In the long run, they can make a lot of money by not foreclosing. If they are too stupid and ignorant to figure this out, they really do deserve to go broke.
    In good times, it is easy to sell a house. In bad times, the homes get stripped of copper, the plumbing, the furnace, the water heater, and anything else can be robbed blind. The house itself is not worth two-thirds the price of the mortgage.
    If they take possession, they are libel for taxes.
    If they work with people, give them a grace period and extend the length of the mortgage to allow them to find work, then when times get better they have a good client willing to come back time and time again for everything from car loans to college loans.
    You reap what you sew. The market will eventually eat these banks alive. They are too ignorant to figure it out for themselves.
    Government won’t always bail them out as it has in the past. Government is broke and looking at ways and means to get back on its feet. Bailing bad banks won’t do it.

  • http://karmaeconomics.blogspot.com/ lavista4u

    I don’t blame the banks at all. Its the human stupidity with ego-selfishness and greed driven with animal instinct that make vampires prey on us.

    Majority of Americans have lived beyond their means to keep up with the fake persona.

    Nobody told them to buy Mortgage from Banks in the first place, nobody told them to live in a house they could not afford, buy car and live off off on credit. Majority in America don’t even deserve what they even have know, they lived all their lives on credit. Have you looked at last years Black Friday madness captured on youtube. Its was chaos and pure Animal in there.

    Majority in America are ME, ME, ME first when good times roll, they do not have a sense of community belonging. They are on their on, the whole culture in America stinks, but they wouldn’t tell you that, until you start stinking yourself.

    I have not seen a single true “conspiracy theorist” and “alternative researcher” get evicted from home, ‘cos he didn’t own one in the first place, he didn’t live his live in fakery, on credit and a lifestyle he could not afford.

    This story strangely never happens to a truth seeker..I wonder why? Common now…after all these years, this should have been obvious to any human being with a pulse that Banks are evil…but they didn’t care…’cos it didn’t happen to them. Thats the Number 1 problem with America, they are selfish and I don’t have sympathy for selfish people.

    • Albert

      I guess your comment also apply to the people making the payments and the ones that paid for their properties in full. I mean, let’s not blame the banks.

    • http://www.facebook.com/dave.boudreau.716 Dave Boudreau

      CAN WE GO INTO BANKS AND TAKE THE “BAIL OUT” MONEY BECK AT GUNPOINT? FEDERAL MONEY IS OURS AFTERALL! DOUCHBAG

    • jo Wen

      try this math on for size…borrowed only 1/3 of what the bank said I could have given my pay in 2004. mortgage rate was 5%. the taxes, insurance my payment was $670 for a 3 bdrm home, cheaper than i could rent in the city. then local property tax re-evaluations came…something you cannot control..they revalued my 1974 non upgraded home in no-whereville at the height of the housing price drop at a high value they must have gotten from the internet someplace. my monthly payment crept up in 10 years to $1200. have i gotten a raise? do i have cable or any extras, no. so, try to think creatively about how this whole thing works. basically, if you have not had the benefit of triple digit salaries and an inheritance, you are only one broken bone away from the street.

  • Kritischer_Realist

    The reason of a bank is to make money, not to show »mercy«. Nobody is or was FORCED to take a loan and buy a house with money he does/did not have.

    • jo Wen

      dear renter…it’s no different…or are you privileged to live at home, where somebody else pays the bills? everyone has to pay to live someplace. why so hard on those that need or want a home? i had to have one for my business…they wont let you park a work truck at the apartment complexes in some places…god forbid someone have to see a dirty work truck…so, think out of the box a little…renters pay the same each month as homeowners. those who rent to you simply pass on the mortgage, taxes and upkeep on to you as rent…as I recall you can’t even be sure they are paying the mortgage and your rent may not even be applied to anything…you could be on the street, even as a renter who paid faithfully.

      • Kritischer_Realist

        The problem is not renting or buying, the problem is renting or buying a house you can’t afford. If you want to live posh you should see to it that you have enough money for that.

        • quyen

          yeah but most people can’t afford homes, even the sh*t pit homes without a sizable mortgage, all it can take is loss of job or health problems and your home could be at risk

          • Kritischer_Realist

            The core of your sentence is »most people can’t afford homes«. That is correct.

            But it is not the duty of a bank to pay for their homes. If you want something, you have to pay for it with your own money. Everything else is socialism.

        • quyen

          why do you think the bank keeps the house deed title until you pay it off, in case you can’t afford the mortgage, unfortunately at today’s economic outlook can you blame people for losing their jobs?

          • Kritischer_Realist

            The bank keeps the deed to secure their money. What is wrong with that?

            And ist is not the problem of the bank if you lose your job. It’s your problem and yours alone.

    • quyen

      yeah, but we’re talking about peoples homes here, without which, old people and children will get cold and suffer-it’s one of the basic necessities of life like food. sure nobody forced them to take out a mortgage, but everyone wants to move forward and improve their livelihood, make their family more comfortable with a stable place, BUT at today’s house prices people will need to take out some mortgage to buy a property.

      it’s not some toy that should be confiscated so easily and at whim and that’s what we’re talking about here. Your argument is a bit like seeing a man dying of thirst, and blaming him for drinking contaminated water, or faulting a man from jumping his window when his house is on fire to the brink

      • Kritischer_Realist

        The problem is not taking a mortgage, the problem is taking one you cannot afford. Not everybody has the money to live in a palace.

  • FrankyFreedom

    The mortgage debacle is the “poster example” of “Crony Capitalism Gone Wild”. It would almost be FUNNY if it weren’t so tragic – like when you observe an aquarium and chuckle at the hunting strategy the big fish (ex. sharks) use to catch and eat the little fish. Unfortunately, this situation is REAL and effects REAL PEOPLE in highly unethical ways.

    JOIN THE RESISTANCE!
    http://www.facebook.com/MortgageResistanceOfAmerica
    http://www.facebook.com/groups/MortgageResistanceOfAmerica/

  • Rodster

    Home ownership is another giant ponzi scheme. I’d rather live in my car if times got tough. You pay for the house 3 times due to interest, you pay property taxes on top of that and the property you think you own, you really don’t. It’s an illusion.

    And people get into hock because the Govt won’t tax you as much if you own a home. The whole thing sucks.

    • Zen

      Totally disagree. First off, you don’t pay 3 times as much. It would require over 9% interest to pay three times as much on a 30 year loan. With a 15 year loan at todays interest rates, you only pay about 1/3 more than you borrow. So if you borrowed $100,000 you end up paying about $133,000 back. That is $33,000 in interest. If you are smart about your home choice and buy a house well below your means and get a 15 year loan, then pay a little extra each month. By the time 10 years rolls around, if you owe anything at all, it will be so low that you can pay it off. Yes, you still owe taxes and should pay for insurance and upkeep, but once it is paid off, your living expenses are much lower. You also have equity to borrow against should you need it. You can take what you where paying on your loan and start saving substantially. This is the american dream, a paid off house, not one you pay on for 30 years. If you play the game the way the bank wants you to, they will always win.

    • Georgiaboy61

      Rodster, you are completely correct that you do not “own” your home, you only think you do. How and why is this the case? The answer is this: how can you be said to “own” anything that can be confiscated at will by an all-powerful government and banking system? How can you be said to “own” your home when the Feds or their bankster pals can swoop in anytime and take it – for failure to pay taxes or whatever else they end up accusing you of. It is more accurate to speak of renting your home, even if you have paid off your mortgage… you just enjoy a higher grade of rental than those apartment dwellers across town is all…

      • http://www.facebook.com/people/Roland-Petit/1013399448 Roland Petit

        Absolutely correct assessment of reality beyond misleading colloquial verbiage of everyday doublespeak. You don’t even own yourself.

  • Jodi

    I know a couple who was late on their payment & about two weeks later they had enough money to pay the mortgage only to find out when they made the payment they were in foreclosure. I was shocked to hear that, I always thought that there was some sort of grace period to pay your mortgage.

  • Synick46

    The knee-jerk “it’s those irresponsible home-owners’ fault” response would be amusing if it weren’t so ignorant. If you’re going to comment, at least indicate you actually read the article by addressing the issues of unlawful foreclosures on homes with no mortgage in the first place.

    The foreclosure scandals–that is, the banksters’ failure to follow the law and the contracts when processing foreclosures–is only the tip of the iceberg of fraud surrounding the mortgage scandals. The fraud is so deep and far-reaching it will take decades to sort it all out. MERS, mortgage-backed securities that sold the same mortgages (and sometimes non-existent ones) to multiple investors, Phoney Mae and Fraudie Mac, to name a few. The homeowners who couldn’t afford grossly overpriced homes are just the end product of a really bad criminal enterprise perpetrated by people in thousand-dollar suits in fancy offices.

  • http://www.facebook.com/dave.boudreau.716 Dave Boudreau

    BANKS ARE AT IT AGAIN WITH 0% DOWN AND SUCH. WE SHOULD MAKE BANKS KEEP 30% ON DEPOSIT TO STAY SOLVENT. TAX A BANKERS INCOME AT 55% AS UNEARNED AND LET THE PEOPLE THEY HAVE FORCLOSED ON HAVE THEM ALONE IN A ROOM FOR 30 MINUTES!

    • http://www.facebook.com/hut.master Hut Master

      I will bring the rope!

  • http://www.facebook.com/jesmartin4 Jesus Martinez

    This america is not like before…it is like a communist country! No one will be freedom like they did before! Many politics are terrible and destroy many people’s life! The time is ticking and Jesus Christ is coming soon…encourgae you to think about where will you be going to? Everything is gonna going to be destroy and hurt many!

    • jo Wen

      Sorry, still under the spell of America? On the contrary, in the US, we are not allowed to be communist…not allowed to trade with each other. Corporations want all of our money…how dare us try to have “community”, local stores?! Note how your taxes give a tax break for a big corp store to locate in your town and run all the stores out of business because they can charge low prices, with your taxes to buffet them – that is until they are the only store left. Note local laws that make it so expensive you cannot even open a cupcake shop without debt… HOA laws -don’t dare try to grow your own food or have chickens..houses are for show, not grow! restrictions from your employer about what you do on your own time, testing your fluids, your credit rating..prohibitions aimed at immigrants, such as only hot dogs can be sold from a food cart…mmmm, who are these food safety laws for? No, you will only be allowed to shop at Wal-mart. and if you are living in a little bubble now, remember, once the low hanging fruit is gone (your less fortunate neighbors), they’ll be “movin’ on up” to you…they have to, local government has to pay itself somehow – remember – you will never own your land, you will always be a renter…wait for the bill. your neighbors can’t pay…so watch your tax bill RISE… if you have belief, remember, “but for his grace, there go I”…hope you get some empathy before you have to realize the size of the delusion you are under. that way you won’t have so much pride to swallow.

      • http://www.facebook.com/jesmartin4 Jesus Martinez

        Well, you know something that is come up against your wishes. The laws are changed now than what the people are expecting. Everyone are blind from what they are seeing…many people will be suffering and suffering even though they hope something better from the President Obama…oh oops, no, the President Obama is running something that no one will know what is going on until he will inform the america people to know what he intend to. You and I can’t expect anything better but only Jesus Christ our Savior knows what He can do for us and save us. Many places are fall down hard and it won’t be restore it any days. Pray that there will be wake up for what you have seen!

        • peaceangel

          I am very much in agreement with your “take” on what is happening in the US. The legislation for the new world order started when Bush Sr. signed agenda 21 and when the same year Clinton made it law by executive order. This was a UN agreement that was signed by 178 nations in 1992 and has been signed by many more nations since. It is an agreement to create a NWO and to depopulate the earth by 90%. You can research this on infowars with Alex Jones. ‘

          The “laws” you speak of that people don’t know about are part of the NDAA act of 2011 which Obama signed at midnite on 12/31/2011 while the nation was drunk. It lists 400 ways a person can be labeled a “terrorist” and you are right that no one knows about these laws.

          People are being rounded up all over America for holding prayer meetings in their homes and for collecting rain water in a barrel and for drinking non pasteurized milk and 20,000 ppl have disappeared in Virginia alone and are presumed to be in internment camps which are all over the nation now. Obama is bringing in German, Chinese, Russian and Czech troops to take us to the camps. Our war vets back to Nam are labeled as being “psychotic” and “paranoid” and an “enemy of the state” by the NDAA act and it is believed thousands of them have been rounded up and taken to the camps. The army has been hiring internment guards for a decade and they are already employed in the camps. You can see this on Conspiracy Theory with Jesse Ventura and you can see “all things agenda 21″ in each of his episodes.

          Finally, I am a Christian and for 5000 years of civilized man, God has usually NOT come to the rescue of man when his world is falling apart. Too many religious wars have transpired in which God had no part and did not save the people. I suggest you know when they are coming and decide if you and yours will go to the camps or if you will make them shoot you, because if you will not go, death is the back up plan.

        • http://www.facebook.com/barryeod Barry Stallings

          The idea that Jesus is going to save us is rediculous. Why are so many Christian nations so totally screwed? Why hasn’t Jesus saved them?

      • http://www.facebook.com/robin.huffman.9 Robin Huffman

        I pray that you will open your heart to Someone who is your only hope for Salvation. You are the one who is delusional if you think we are not headed for a communist dictatorship government rule. Even now the government is contolling you at evert turn. And the administration is doing all this with the majority of people unaware. They are too busy following their beloved leader. History is repeating itself, and the “sheep” are happy to follow. It is much easier than thinking and worling fot themselves.

  • Abby

    I would have taken the bulldozer to the bank.

  • Georgiaboy61

    Re: “During the last housing crash, the big banks begged the federal government for help and they received it, but when average Americans ask the big banks for help most of the time the banks show no mercy whatsoever.” It is getting to be time to burn down the casino that the “masters of the universe” have built on the backs of ordinary people. Metaphorically speaking, of course! No true recovery or rebirth of prosperity can occur in the United States, or for that matter, the rest of the modern world, until the dragon that is big banking is slain. We can start by killing the Fed, and then the IMF and the U.N.

  • http://www.facebook.com/hut.master Hut Master

    I am CIO of a Law
    Firm. We work tirelessly trying to keep these criminal servicers in line. Wells
    Fargo, being one of the worst criminals on the planet, hires 9.00 per hour
    scumbags that can’t even spell Real-estate.

    Since ALL the
    servicers are criminal liars, and in most cases do not even have a voice in your mortgage (as they are NOTHING BUT LIEING DEBIT COLLECTORS ) . You MUST make these criminals PROVE they have any reason to foreclose.
    We will see these mortgage servicers and the banks they commit forgeries for, be jailed very soon.
    We are AWAKE, NOT afraid of their silly physiological games, and we are coming for their prosecution. And, if you have the criminals at MERS, demand a MERS MILESTONE
    report. That will show the trail, and most time show which REMIC trust that contains your security. Do NOT let these dirtbags puch you, YOU MUST push these criminals.

    “Fight the Good Fight” Every Minute, Every Day!

  • Guest

    Well, I guess the truth hurts as my comment was removed. Wake up folks, and stop paying these banks. That will bring them down.

    • MissOpinionella

      Just because people don’t like the banks doesn’t mean that they shouldn’t pay their debts. But people want everything for nothing.

  • Fred

    I wont pay one more single dime to something that is not mine and will never be because not even them know who it belongs to since they sold it over and over again, period!!

  • Pilot

    I can sympathize with all the people who have lost their homes. I, myself had to file for a loan mod. I am with Citi Mortgage. It took over a year and staying on top of the process but I did finally get one. I was also told that I was denied because I was not making the temporary payment as agreed and they had no record. One thing I did was, I called the payment in each month and got a conformation number. Come to find out they were putting those payments in escrow account and not applying to mortgage. By doing that, I had a trail to follow and proved that I had done everything by the book. Luckily I was told about all the tricks the banks would pull and was ready at every turn. Not only did I get a loan mod–my new interest rate is 2% and also they had to cancel the 2nd mortgage. I had not made a payment in almost a year when I applied for the loan mod.

    Another thing one can do if they go into foreclosure is get an attorney and have the attorney file in your local court system a “Motion to Compel”. This filing will make the banks or mortgage companies bring in the original “wet ink signature” promissory note and deed of trust, which more than likely the banks do not have. Without proper documentation (and if the court system you use is honest) the judge will not let the banks foreclose. This is not an expensive filing, so it should not break you. Less than a normal house payment for most people. Never give up without a fight but most people seem to pack up and leave.

    Now it is true a lot of people bought a house and paid more than it is worth now—but at the time everyone thought houses would increase in value—–not fall in value. So when they bought the house–they could afford it. Hind sight is 20/20.

    Best advice is to never just give up and keep fighting.

  • http://www.facebook.com/profile.php?id=100003073776598 Chris Gerber

    This is one of the reasons that I absolutely hate banks… They are two faced. I can vouch for this 100% and I am glad I don’t owe anything to anybody!

  • EDAQUASURE

    There is one way to finish off the banks once and for all.If people just borrow as much as they can and buy silver and gold with it and use that to exchange for goods,that would be the end of the police state,endless wars,taxation and the IRS and the treasonous banking cartels.It’s as simple as us no longer playing by their fiat game.

  • YammerHammer

    These horror stories are the tip of the iceberg, but many ads on this page are from folks who are right in the middle of this mess and who work to obstruct reforms.

  • truthbetold

    when you realize that your “loan” came from the credit you CREATED for the bank then it all becomes a little clearer.

    Your note was a “check” which the bank deposited. Then the Federal Reserve gave the bank 10X the value of that check, and then they “loaned” you money. All US Mortgages are ULTRA VIRES – beyond corporate charter – because banks cannot lend credit.

    Real estate is the new “gold” and the central banks are slowly but surely taking over ownership of all the land on earth by duping us into Deed-ing to them. Look at your Deed – it says you were fully seised of the estate thereby conveyed i.e. you OWNED the home BEFORE you signed the mortgage – that’s fraud…

  • El Pollo de Oro

    “You can sum up what has killed capitalism in four words: too big to fail.”—Gerald Celente

    After the crash of September 2008, the banksters never should have been bailed out. As Gerald Celente says, no one is “too big to fail” in capitalism. But the banksters were bailed out by the taxpayers, and they have thanked the taxpayers by spitting in our faces. Their corruption knows no limits. And when criminal banksters and criminal politicians are merged, you have fascism as defined by none other than Mussolini himself. The Banana Republic of America is no longer a true capitalist country. It is now a fascist country. The corruption and criminality run deep in this Third World septic tank.

    “Los Estados Unidos has turned into a banana republic, a fascist banana republic.”—Gerald Celente

    “When this thing collapses, you won’t be able to get your money out of the bank. They’re gonna do it like
    they do in every Third World country. Our forecast is for a bank holiday and a formal devaluing of the dollar.”—Gerald Celente

    “We’re living on borrowed time, literally. There’s going to be a day of reckoning.”—Peter Schiff

    “When you reduce people to a level of desperation, it
    becomes far easier to control them—and that’s what we’re seeing.”—Chris Hedges

    “The difference between the old robber barons—the
    Rockefellers, the Mellons, the Carnegies—and the new robber barons is that the new robber barons are quite willing to sacrifice the nation for profit.”—Chris Hedges

    “We are going into a classical tyranny. No one can deny
    it.”—Alex Jones

    “The world is kind of waking up to the fact that the
    United States has been seized by very evil forces.”—Alex Jones

    “We can expect a continuous and dangerous march towards corporatism and even fascism with even more loss of our liberties. Prosperity for our large middle class, though, will become an abstract dream.”—Ron Paul

    “You can do real time in jail in America for all kinds of ridiculous offenses. Here we have a bank that laundered $800 million of drug money, and they can’t find a way to put anybody in jail for that. That sends an incredible message, not just to the financial sector but to everybody. It’s an obvious, clear double standard, where one set of people gets to break the rules as much as they want and another set of people can’t break any rules at all without going to jail.”—Matt Taibbi

    “The guillotine market is going to be exploding. I expect the manufacturers to be going public.”—Max Keiser

    “All the themes of incipient fascism are present, to some degree, in our present-day political culture: the fear of The Other, the need for a powerless scapegoat, including the theme of expansionism.”—Justin Raimondo, Antiwar.com

    Welcome to Ground Zero in the sewers of hell, also known as The Banana Republic of America.

  • Lisa

    Pretty sure people get lots of warnings before the banks foreclose. Sorry, but they borrowed money to buy homes, sometimes knowing they couldn’t afford them; if they can’t repay, too bad, they are thieves for taking the loans and not paying them back. Extension after extension does no good; sometimes you gotta get tough. Why should people live in ‘their’ houses for nothing while other folks pay their mortgages faithfully? And if they were indeed ‘homeowners’, they would have nothing to worry about. As it is, they are “mortgage holders”. Ah yes, the good ol’ United States that I left years ago is finished.

    • THEanon

      True true

    • Armando

      Banks are thieves and predators. They were bailout by taxpayers money when they should have gone insolvent. So called too big too fail. This is a Govt of the people not of the banks. What should have been done is to let them fall and take that money and set up banks public banks owned by the people so loans can be issued out at 1% or less, The money is owned by the public not private interests.

  • 2Gary2

    I really like Matt Taibbi–he tells it like it is,

    • El Pollo de Oro

      2Gary2: I enjoy Matt Taibbi’s work a lot. He’s a hard-hitting journalist who isn’t afraid to go after the criminal banksters with a vengeance. Some neocons have accused him of being an anti-Semite for attacking the banksters (yeah, leave it to those rotten neocons to resort to cheap character assassination when they are confronted with facts they don’t like).

  • Mary Mavo

    Nasty, Illuminati infested banks that are filled with ungodly aliens masquerading as ‘humans!’

    • THEanon

      That’s the silliest thing I ever heard. Tis is funny, I’ll try make it into a meme.

  • THEanon

    All I say is!

    If you don’t pay back on a loan, its theft. So why should wee show any mercy? We don’t to criminals, and illegal immigrants, and youthful dissidents. If your too stupid to barrow a lot and not pay back, you deserve due process under the law.

    • Don

      Indeed. then how about the homeowners being paid the proceeds for lending their credit? Do you believe currency can be printed “out of thin air” backed by nothing?
      The “Lender” failed to mention the homeowners signature and promise to pay allowed the Lender to have the currency printed “out of thin air”. It is the homeowners energy and labor that backs the currency being printed.
      Homeowners credit being turned into valueless non-backed currency. Interest is the usage fees attached to the valueless currency, creating unecsessary debt for the homeowner.
      Since the homeowner is the reason for the currency being printed, it is also the homeowner unknowingling using their credit to give a loan to the Lender and Fanny Mae… all backed by the homeowners energy and labor.

      They should not have been so ruthless evicting homeowners from their house that the homeowner used their own energy and labor to pay for.

      What is the old saying…what goes around comes around?

  • Armando

    Money is created out of nothing by a private corporation, The Federal Reserve. which is neither Federal nor reserve. Its back by nothing only the promise to pay back in the form of taxation..Basically a Federal Reserve note is a theoritical liability on paper..Since our money is unconstitutional then all the loans that the banks issued to buy homes should be null and void.

  • Tanza

    It is sad you can’t even enjoy the fruits of your success when you are actually able to afford a home. You know what I hate seeing? All the ads everywhere and commercials and real estate agent listings that say that you’re a sucker for renting and buying will save you money…in the short term is the part they leave out. In the LONG term, you are going to spend a heap ton of money on your homes general maintenance costly repairs such as replacing a roof, property taxes (especially if you don’t pay them by the month), and of course the principle of your mortgage loan, on top of all other regular bills, car payments, and debts. It is simply unrealistic for most middle class Americans and of course poorer Americans to really enjoy their dream homes when people keep dangling foreclosures over your head. It’s sad really…I’d love to own a home, but we don’t. We rent and for good reason. Maybe one day we will explore our options, but we are in no hurry and most certainly don’t need it. Many landlords are happy to rent long term and will put it in contract. Renting may come with it’s risks, but at least you know at the end of the day, even if you get evicted, that you have other options and you didn’t go through such a traumatic loss. You didn’t invest your heart and soul into your home only to have it ripped away from you.

  • peaceangel

    I watch those house auction TV shows and flipper shows and there are lots of homeowners leaving in a rage. Some of them take everything that IS nailed down and even have taken the drywall out of their houses and I get it.

    BUT the people who leave their pets behind in the house or in a fenced yard to die, should be punished far more than the banks punish them. Our laws regarding pet neglect and pet abuse are a JOKE. And no one is very concerned about their pets these days.

    The reason for the foreclosure madness is to get people on the streets and into the concentration camps. Everything is leading to that place.

  • Sara Fits

    When i called wells fargo and asked for a modification in 2009 i had to sign a forebearance, it ruind my credit. then wells fargo lost every fax i sent. for 5 months so 10k could be added to a “IN HOUSE” wells fargo mod nit a hamp. which was more then the original. i paid 5 months, after the bp oil spill didnt have enough money using credit cards for essentials but paying mortgage on time. but i was told i had to be in default for 90 days/3 months. but i am current using credit cards i am in eminent default. this time my file was moved out of review, my fed ex mailer was lost, and i was denied a hamp loan for missing documentation. what a nightmare. the foreclosure proccess has been the same way. no production of court ordered discovery. sick to my stomach that our governemnt allows this to continue

  • Sheryl L. Sutter

    Add to these stories thousands more. Groups of= victimized homeowner’s abound. I share a couple of sites that will show you more stories of what is really happening to Middle America. We are on our way to becoming a renter nation as our banks, through fraud and forgery, are stealing our properties one-by-one. Visit http://mortgageforgery.wordpress.com;
    http://www.facebook.com/ShareYourStoryofMortgageFraud

    These sites will introduce you to the world of Mortgage Fraud Victims from all over this country that have either just began to fight or have been fighting for up to and over a decade. You won’t see this in the media, trust me; we (as in thousands of us) have been trying to get the media to pay attention for years. Robo-signing was a smokescreen to the real crimes that were and are happening.

    See how a family of four thrown out of their home with over $43,000 paid in escrow (the Murrays) at https://www.facebook.com/notes/share-your-story-of-mortgage-fraud/mortgage-fraud-victims-beverly-and-matthew-murrays-story/127267364138681

    Other victims stories:

    https://www.facebook.com/ShareYourStoryOfMortgageFraud/notes

  • Harrison Terran

    In order to be approved for a loan, you must prove you don’t need it. As usual, those who can least afford it must pay more! Living costs are constantly increasing, and it seems that our politicians don’t know how to deal with the many problems arising from the economic crisis. Maybe they need to turn to professional economic crisis specialists. For example, the Orlando Bisegna Index, specialists in the economic crisis, apart from measuring the intensity of the economic crisis in many countries, have helped various counties with debt problems, business failures and unemployment, thus improving the economic condition of many families.

  • Michele

    I paid Cash May 2011 for a vacation home in Arizona. Within 3 months of moving in CITI MORTGAGE began foreclosure proceedings as the original owners had two loans with them and the one of them had the wrong property description so they missed collecting there payment. In Dec 2013 a judgement was made in my favour by the Arizona courts and is now being appealed by CITI MORTGAGE. I have all the paperwork to back what I am saying as I know I am the ONLY CANADIAN to buy a vacation home, pay cash and now have to fight to save it because the banks employees didn’t do there job.

    If you are reading this and in the media I am not at the point that I need my story to get out to stop the wrongs CITI MORTGAGE continues to do. m1chellee at hotmail dot com