7 Responses to “Three Hundred Billion to compensate homeownners “really?” no probably 50 bucks a case!!!”

  1. Kelly Bates October 5, 2011 at 6:30 am #

    Do you really believe under the current Administration that there will be resolution and restoral to homeowner’s who have had their homes stolen from them. Follow the yellow brick road.

    • Mario A. C. October 5, 2011 at 2:32 pm #

      Probably not when you consider that the banks are in bed with the fed reserve bank, and that Geitner is in charge of the treasury. It has been reported that they were actually bailed out for 16 trillion dollars: http://sanders.senate.gov/newsroom/news/?id=9e2a4ea8-6e73-4be2-a753-62060dcbb3c3. This shows US that they really don’t care about accountability, and just like any old thief, only feels bad when they get caught, only in their case they got the feds to back them up and basically tell US to go fly a kite!

  2. Vickie Barker October 5, 2011 at 9:03 am #

    If anyone makes the bucks on this one it will be the attorneys that will jump at the chance to help those that they were refusing to help. They will of course take their cut or percentage of the payout and little will go to the homeowner anyway.

    The fault lies with not only the banks that perpetrated this huge scam but with the local judicial systems that did not make the time or want to “rock the boat” when coming up against the banksters.

    We’ve been pro se for over a year now, trying to point out the illegal actions and procedures to our local county court over Deutsche Bank and their unlawful actions in an illegal foreclosure and illegal sale. The court has had this case and the civil case under submission and have now ruled to grant Deutshce Bank’s demur.

    I’m here to tell you folks that hope to save your homes that if you go in pro se it is alot of work and self education. IT will make you sick from the stress. The courts will never allow you to win your case because if you don’t have an attorney then you aren’t playing by their rules and they don’t like you. (period) end of story and will not rule in your favor.

    We have followed in detail, Timothy McCandless’s format, filing all the things that were appropriate for this particular case. One of our CD’s of the actual hearing states clearly that the judge was ticked off because we failed to get an attorney. We tried, boy did we try, but either the attorney wanted too much money up front, didn’t have the time and resources for the case, did not understand the complexity of real estate law or in most instances in this area were not able to help because they had at some point actually represented Deutsche Bank and it would be a conflict of interest.

    So good luck, am sure they will continue the foreclosure’s and as the nation settles in to the standards of a third world country we will only see more of the same.

    • Kelly Bates October 6, 2011 at 6:46 am #

      Mrs/Ms Barker………………… you are right on. Having battled with first Wells Fargo and then Federal Home Loan initially without counsel and later with (no help), it drains the energy from you and leaves one totally disillusioned. The OCC and AG (Cal) completely a waste. I guess the question is, who is going to step up and take the lead on correcting these wrongs to American homeowners ? The legislature ? I doubt it.

  3. Mario A. C. October 5, 2011 at 2:18 pm #

    Hi, I just wanted everyone to know that I witnessed the improper bahavior of the banks first hand. We had a loan with Countrywide, which was a very bad loan in that it was an interest only loan, meaning the 5,000 per month we gave as payment was only applied to the interest. We tried to get a refi, but soon Countrywide went belly up, of course rescued by the behemoth BofA that promised to give us a modification. We got behind only a few payments due to personal emergencies, but called them and worked out a plan to pay down what we owed (recorded calls). Everything was going smoothly until they suddenly sent back a payment with no expalnation. When we called them to ask them why, they only said that we were going into default mode, but also said they were still processing our modification. We were held up for months, while the interest only payments were mounting. We eventually got a call on our answering machine saying we had been approved. We called the number, again and again over the course of a month, but no one called back after we left several messages. Eventually, we got through, but the woman said, “You’ve been approved for a short sale.” and “Bank of America rarely does loan modifications.” with kind of a chuckle after we told her we were to be approved for a loan modification. We were stung and upset at how the bank lied to US! Now, they are forcing us out in two weeks I found out from my roommate, but I was never served because I was out of town on a project. What to do??? Any suggestions before Oct 17th?

  4. Kelly Bates October 6, 2011 at 6:51 am #

    Mario………………. went through similiar situation with Wells here in Cal. Their summary position is ignore and make promises that later are broken. We even had recorded call and were told recission of trustee sale was withdrawn, which was later denied to have been said. Where are you located ?


  1. Countrywide Home Loans Shares Tips for Choosing a Mortgage | How to Get Divorced - October 11, 2011

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