4 Responses

  1. can anyone recommend how i can find out who has my b of a heloc 2nd?

  2. Anyone see the PBS show last night?

  3. It’s really great that City Life is helping so many families save their homes, there should be more groups out there spreading the word.
    But I don’t get why step 3 is making the banks give a new or modified mortgage?
    If the paperwork and all the other defects in the mortgage deny the lenders the right to foreclose because they are NOT the owners of the note, they can’t have the right to modify or give new mortgages either!
    They don’t own the note, they can’t do anything, have no interest in the property at all, they lost that when they “lost” the note. See?
    And according to some sources, the mortgage has been paid in full by the Private Mortgage Insurance and by the sale of the note several times.
    Once the promissory note is separated by selling, the mortgage becomes automatically an unenforceable contract.
    Not to mention that the lenders didn’t record the mortgages, the sales and assignments that followed, they aren’t even on record as owners.
    HOW CAN THEY GIVE A MODIFICATION ON SOMETHING THEY DON’T OWN ANY MORE?
    WHICH BANK WOULD BE DOING THE GIVING AND HOW WOULD THAT BE DETERMINED?
    In my mind that would set the house free and give it back to the homeowner without them paying another dime!
    Why should they encumber themselves with another mortgage when the house is already paid for?
    Also NOBODY WAS LIVING IN ANY OF THESE HOMES, NATIONWIDE, FOR FREE!
    People were paying and had paid for years before hard times knocked them to their knees! Doesn’t that money count for anything?
    a $1000 for 12 months for 5 years is $60,000 or fair market value for most homes across the country before the inflation of prices.
    Or at least half that amount.

  4. I have been saying this for so long, as a sideline accountant, I don’t understand how any of it could get on the market with out a CPA audit. I know that this paperwork would have been busted long ago if we audit them the right way.

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