Comments on: Foreclosure Horror Stories

By: Mariam Sewell

Mariam Sewell — Tue, 24 Jan 2012 15:45:46 +0000

National Foreclosure Defense – This is NOT Loan Modification!
This is a national attorney firm, they will literally attend court with you while you are going through foreclosure.

Do You have any one of the following issues:

Current of pending foreclosure
Previously denied for a loan modification
Defaulted or delinquent on mortgage payments
Negative equity

We can:

Stop the foreclosure process immediately
Avoid damaging effects of a foreclosure on your credit

By: John

John — Wed, 04 Jan 2012 00:19:10 +0000

Hi, Please keep this up! The more we can educate people
about foreclosures, the faster the market will turn the corner.

By: Robert noonan

Robert noonan — Mon, 19 Dec 2011 01:31:57 +0000

I,m in trouble with my mortgage as well good credit and all. But, my wages are being garnished by something I didn’t have anything to do with. Even though the garnishment was not my fault. Living within my means, Is something that I could have controlled. My fault! I want everybody to blame themselves not other people. Don,t blame the rich we made them rich. Are you kidding me. Let rich people spend money on your behalf not you on their behalf. I,m A smoker ,drinker And gambler. But, A realist. I have to cut back.

By: Jill

Jill — Sun, 11 Dec 2011 04:48:28 +0000

Its called capitalism. Stop whining.

By: Michael

Michael — Thu, 03 Nov 2011 05:29:13 +0000

Remax stole everything we owned!!!!!! They came in when we were not at the property which we still had possession of until 11-12-11. We were just moving stuff out on the weekends as we had to the 12th of Nov, In 2 days a Remax realtor came in and had us cleaned out! He didn’t care that a judge from Buch county had signed an extension of possession order….the Remax Realtor came in gave an order to re key the place and clean it out! Plastic containers were stacked waiting to be moved, boxes were packed marked with their destination,. This how they do business! Things were taken that they could make money off of and the rest went to the dump and they still don’t care! Memories gone and yet they still don’t care! They do not care if a judge signature on an order has any standing!

By: Baltosan Johnson

Baltosan Johnson — Thu, 03 Nov 2011 00:03:12 +0000

I have a foreclosure horror story, it’s having to listen to all the people who have foreclosure horror stories. I never bought a silly stack of two-by-fours and compressed chalk, never took out a ridiculous loan that any first-grader could see was unmanageable, and didn’t have kids because I knew I couldn’t afford them.

I’m single, debt-free, and employed at a fantastic job. If you made mistakes, try to work your way out of them instead of worm your way out and whine your way out.

Please.

By: Watt

Watt — Mon, 26 Sep 2011 02:33:30 +0000

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Watt

By: Javier

Javier — Fri, 23 Sep 2011 18:10:30 +0000

Stop One West Bank from evicting the Gudiel family from for their home. Sign our petition at http://www.makebankspaycalifornia.com #makebankspay

After the sudden death of her brother and cut backs at work Rose fell 2 weeks behind. She was shifted to a loan modification rollercoaster until, then, IndyMac took the home into foreclosure and now is awaiting evinction notice. Her and her family have decided to stay in their home. Even if the sheriff’s come.

By: Foreclosure Follies

Foreclosure Follies — Fri, 18 Mar 2011 01:00:50 +0000

Great start! I’d encourage your viewers to check out our site as well at http://www.foreclosurefollies.com

The foreclosure problem not being spoken of is the $80 Billion + lost annually on how the banks are selling the properties they took back.

By: Fawn

Fawn — Fri, 03 Sep 2010 04:06:52 +0000

Here is my story. We found a home we absolutely loved. The couple we were buying from accepted our bid. When it came to closing time, they couldn’t come up with the closing cost. They were at the time in default on their loan. The two agents, the buyer and seller, were working on a deal to work with the bank to do a short sale. The accepted contract was August 2009. The short sale with Bank of America started the first week of September of 2009. After several weeks of nothing happening but a lot of lip service from both agents, I see the property that we had a contract on listed in the local publication to be auctioned at the court house steps, this was in November of 2009. We immediately contact our agent who contacted the sellers agents who contacted Bank of America to put a stop on the auction. Well this did actually happen, the property was pulled from the auction and our paper work was escalated to level 2 at Bank of America. We supposedly had a supervisor who was working to get the deal done. A few weeks later, we once again see the property in the local pager to go to auction. Having learned our lesson the first time, we went and got the money to buy the house at the court house steps. The date for the auction was the fourth of January 2010. We went and got the cashiers check for the amount we would bid on the property, which was of course a few dollars over what the opening bid was. To our surprise when we bid we were outbid by over $58,000 by Bank of America, the same bank that set the opening bid. Knowing the property, we didn’t feel it was worth the amount that Bank of America was asking, which was more than our accepted offer from the original owners. I know for a fact that my bid was more than what was owed on the property. I also know that Fannie Mae was backing the loan. There is part of the problem. Bank of America stuck Fannie Mae with a house that was over $58,000 more than what was owed on the property. What a crime. Anyway I digress. So we wait patiently while Fannie Mae decides what they are going to do with the property. See it did need some work, but we knew that going in and was willing to put in the money and time for our dream home. Fannie Mae comes in, like they normally do, put on a fresh coat of paint, cover up obvious issues to the naked eye and puts it on the market in April of 2010. Now get this, they put it on the market for over $120,000 over the accepted bid that we had in August of 2009. This is where the real crime comes in. The new agent feeds Fannie Mae with some very bad information. She gave them information on the home from 12 years earlier. Here is another fact, the house had been foreclosed on two times in five years, so the house had not been taken proper care of. Anyway, we put an offer on the house with Fannie Mae, which was above our previous offer. We figured the new roof and paint job was worth more than we offered and was accepted so went with a higher offer. Our offer was more than what Fannie Mae paid for from Bank of America. Like I said earlier, with the work that was needed we didn’t feel it was worth the extra $58,000 that Bank of America jacked up the price. Oh I forgot to mention that we contacted Fannie Mae several times and pleaded our story with them and was even given the lip service that they had escalated our case to level two. For those of you that may be reading this, don’t waste your time talking with Fannie Mae, what a joke. Did I mention, what crooks Bank of America are. Of course since I am writing this, Fannie Mae rejected our offer in April. The person I talked to at Level 2 at Fannie Mae told us to move on which we did. Now get this, July of 2010, the house sold for less than what we offered Fannie Mae in April of 2010 and less than what we offered originally. Now is it just me, since I am have a personal dealing in this situation, or is this just wrong. No wonder our financial institutions are in such a mess. Now we have Congress putting on new regulations in our banking industry, which will hurt the small and and promote the bad behavior that caused this mess to begin with with the larger banks. Now why am I writing this, I hope that someone doesn’t have to go through what we went through. Hopefully someone that can do something about this financial mess. It surely isn’t our current administration. What they are proposing does nothing but hurt our younger generation to pay for the greediness of the likes of Bank of America. Accountability of those greedy people who caused this mess should be punished. Thanks for reading.