Mortgage Mess


YOUR HOME ANYWAY IT MAY NOT MAKE SENSE, BUT THIS MORTGAGE MESS IS HAPPENING

Reporter: HOLIDAYS PROMS, BABY'S FIRST STEPS SINCE 2004, KIM'S BELOVED HOME IN IRMA, NEW JERSEY HAS BEEN THE BACK DROP FOR IT ALL — BACKDROP FOR IT ALL THAT IS UNTIL SHE WAS FORCED OUT IN 2016 AFTER THE BANK FORECLOSED IT TURNED MY LIFE UPSIDE DOWN

Reporter: WHAT'S WORSE, HER ATTORNEY, SAYS IT HAPPENED WITHOUT KIM EVER HAVING MISSED A MORTGAGE PAYMENT SHE PAID IT EVERY SINGLE MONTH THESE ARE THE LARGEST FINANCIAL INSTITUTIONS IN OUR COUNTRY AND THEY ARE FLEECING AMERICA Reporter: IT STARTED IN 2010

THERE WAS A MODIFICATION THROUGH THE MAIL Reporter: SHE SAYS BANK OF AMERICA SENT HER AN OFFER SHE COULDN'T REFUSE THE CHANCE TO MODIFY HER LOAN BY AS MUCH AS $600 A MONTH IT WAS A GOD SEND ACTUALLY IT WAS PART OF THE HOME AFFORDABLE MODIFICATION PROGRAM REQUIRED OF THE BANKS BY THE GOVERNMENT AFTER THE $700 BILLION BAILOUT

BUT IN MANY CASES, IT LEFT THE HOMEOWNERS WHO APPLIED WORSE OFF SAYS ATTORNEY LINDA WHO SPECIALIZES IN MORTGAGE ABUSE IF THERE WAS MONEY TO BE MADE IN THE LOAN MODIFICATION PROCESS, DON'T YOU THINK THE BANKS WOULD STREAMLINE THAT PROCESS? RATHER THAN STREAMLINE THE PROCESS, SEVERAL FORMER BANK EMPLOYEES TESTIFY THAT THEY WERE ACTUALLY ENCOURAGED TO SABOTAGE IT SEND IN PAPERWORK IT GETS LOST Reporter: FORENSIC ACCOUNTANT JAY SERVES AS AN EXPERT WITNESS IN CASES

THEY SAY THEY NEVER GOT IT, THEY SEND IT IN AGAIN THEY MIGHT SEND IT 20 TIMES THIS PROCESS KEEPS ON AND ON Reporter: THE END RESULT? HOMEOWNERS WHO WERE TOLD THEY WERE APPROVED WERE MONTHS LATER TOLD THEY DID NOT MEET THE REQUIREMENTS AND NOT ONLY WOULD THEY HAVE TO REAMRISHGS THEY WERE ON THE — REAPPLY, THEY WERE ON THE HOOK FOR THE ORIGINAL PAYMENT

I'VE BEEN LIED TO AND DECEIVED SO THEN IT'S SPREADSHEETS SHE'S NOT A SPREADSHEET WHY CAN'T OUR SOCIETY PROTECT THIS WOMAN? WELL, AFTER FORECLOSURE KIM'S HOME WAS SOLD SHE HAS NO CHANCE OF GETTING IT BACK

A LAWSUIT SHE FILED AGAINST BANK OF AMERICA IS IN THE PROCESS OF BEING APPEALED AND DUE TO THIS LITIGATION BANK OF AMERICA COULD NOT COMMENT IF YOU ARE THINKING OF APPLYING FOR A LOAN MODIFICATION,

Source: Youtube


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AJ

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