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In reply to the discussion: Obama to Grant Banks Robosigning Immunity [View all]sabrina 1
(62,325 posts)Her husband died of cancer during which time she took care of him. After his death his income was gone. She managed to keep up the payments for two years by realized she needed an adjustment which she qualified for btw, for at least two years until she was earning enough to cover all the bills by herself. She never once received a response to any of her phone calls or letters.
She was more than capable of paying a slightly reduced amount and without hearing from the bank, rather than not pay she paid what she could afford. Those payments were returned to her without any explanation. The foreclosure of her home never should have happened and would not have happened had it been with a Community Bank. She was pushed out of her home and received nothing in return for all the work put into it as well as ten years of payments. She was a widow, her husband had set up a pension fund for her, the bank was assured she could pay a slightly less amount. They are not 'PEOPLE', they do not care about people, pushing her out of her house not only was harmful to her, it reduced the value of the homes around her.
One and a half years later, she received a very large amount of money from her husband's estate, way more than enough to have paid off the mortgage in full. The lawyer and bank responsible for what happened to her, are both in trouble with the law for other illegal foreclosures and the government has acknowledged that her eviction from her home was most likely illegal and that she may be entitled to compensation.
It was difficult to understand why a bank would refuse money, leave a house empty and have to pay the taxes themselves as it deteriorated at the time. But now we know why, someone was betting on her failing.
There was also the fact that her mortgage was transferred four times over ten years, twice by Mers, and the Bank refused to provide the note when they were asked to do so. Which means as far as we know, that the person who recently bought her home, is not the real owner either. They created a mess of mammoth proportions. The government has done little to hold them accountable, so now the people are doing so themselves. This mess could take decades to fix. The missing records eg, that now must be restored, the forged documents that fooled judges and caused people to lose their homes. The crime involved was massive. My friend will most likely not get her house back, she is not trying to do that, but will receive I hope, a huge settlement from the bank and the crooked law mill who refused to even talk to her.