Rep. Brad Miller on Foreclosure Forbearance

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Jayne,
Would your attorney possibly be interested in suing Indymac/OneWest?

Theresa of FL 7:37PM October 27, 2009

THE TERM "FOREBEARANCE" ALL BANKING
INSTITUTIONS CAN OFFER TO ALL FAMILIES WHO ARE IN DIRE STRAIGHTS AND UNABLE TO MAKE THEIR MORTGAGE PAYMENTS! I KNOW THIS FOR A FACT BECAUSE I HAVE ASSISTED MY NEPHEW AND HIS WIFE WITH THEIR SICK BABY
(MY GRAND NEPHEW) IN CONTACTING DIRECTLY ANGELO MOZILLO THE FORMER CEO, FOUNDER OF COUNTRYWIDE BANK.
THE FOREBEARANCE IS AVAILABLE TO ALL FDIC BANKS.UNFORTUNATELY, THE MORTGAGE BANKERS CHOOSE
TO NOT ENLIGHTEN THE PUBLIC THAT THIS IS A VIABLE OPTION.
THE PROCESS:
CONTACT YOUR BANK AND IN ANY CASE I WILL ASSIST
AT NO CHARGE SUPRISE! AND IN DOING SO,THE BANKS RESPOND AS FOREBEARANCE STEPS THEM UP TO THE PLATE!
LOAN MODS (WORTHLESS)HOW MANY PEOPLE DEFAULTING ON THEIR LOANS HAVE THE CAPABILITY TO PAY
1-1/2 TIMES THE AMOUNT OF THEIR MONTHLY PAYMENTS
TO BE CONSIDERED FOR A LOAN MODIFICATION?
NOT ONE PERSON THAT I KNOW OF
IN THE LAST TWO YEARS CAN DO THIS. WHY YOU ASK? BECAUSE THE BANKS KNOW CONSUMER'S CANNOT!
A FOREBEARANCE PROGRAM ALLOWS THE HOMEOWNER TO STAY IN THEIR HOME AND NOT MAKE A PAYMENT -0-(TWO YRS FOR
MY NEPHEW NOW) IN THIS CASE COUNTRYWIDE, UPON YOUR INITIAL LETTER TO THE CEO OF YOUR BANK AND HIS IMMEDIATE
ASSISTANT, STATING YOUR CRISIS, THE HOMEOWNER, IF WITHIN EACH 3 MOS.YOUR HARDSHIP IS STILL IN EFFECT RESEND PRIOR TO THE 3 MONTHS TIME AND COPY THE
CEO OF THE BANK,AND RIGHT HAND PERSON
LOAN MODS,WHICH BY LAW BANKS HAVE TO REPSOND WITHIN 60 DAYS,(AND DO NOT)MODIFICATION ARE (NOT)VIEWED BY THEIR "ASSET MANAGERS'(YOUR ASSETS/LIABILITIES) FAMILIES FACING THE FORECLOSURES WITH AUCTIONS LOOMING DO NOT GET ANY BREAKS AS EVEN REAL ESTATE AGENTS AND BROKERS CAN'T PENETRATE THE "UMBRELLA"
OF BANKING EMPLOYEES TASKED WITH ASSISTING THE CONSUMERS
LOSING THEIR HOMES!HOW ABOUT NO EMAIL'S AVAIL OR LIVE VOICES? BANKING INDUSTRIES SAY THEY DO NOT WANT THE HOUSES BACK THEY COST APPROX. 50,000.00 EACH FORECLOSURE.
AN OPTION IS FOR THE OMNIBUDSMAN OF THE
MORTGAGE INDUSTRY TO HAVE EACH FORECLOSING FAMILY RECEIVE THE $50,000.00 CHECK(THEIR AUCTION HOME PRICE TAG) THIS PLAN WOULD PAY $2.500.00 TO EACH OF US
EQUATES TO OUR 700B RESCUE PLAN!
ANOTHER IS FOR FINRA.GOV., AND ALL OF OUR
ILLUSTRIOUS POLITICAL DECISION MAKERS TO GRANT EVERY PERSON A NEW LEASE ON LIFE BY GIVING ALL OF US
HOMEOWNERS A 780 CREDIT SCORE! INSTEAD, THEY WANT TO
CONTROL THE POPULATION BY ALLOWING OUR ECONOMY TO
LITERALLY GO DOWN THE TOILET, INNOCENT PEOPLE
NOT FAMILIAR WITH THE PREDATORS IN BANKING & POLITICAL
POSITIONS ET AL DOES 1 THROUGH 50 MILLION CROOKS
CAUSING INEVITABLE TO OCCUR... SUICIDE!
I HAVE YET TO HEAR ANY OF OUR CAMPAIGNING PERSONS
SUGGEST EITHER OF THESE RESCUING OPTIONS TO BE
SET IN PLACE, AFTER ALL, WE ARE THE PEOPLE OF THE UNITED STATES WITH RIGHTS!
IF THE CONSTITUENTS STOPPED THE PLAYGROUND NEENER B.S. AND ADDRESSED WHAT WE THE PEOPLE REQUIRE FOR
ROOFS OVER OUR HEADS & MONEY IN HAND TO SURVIVE
REFERENCE
JAYNE BRISENO V AMERICAN SAVINGS BANK ET AL
CLASS ACTION

JAYNE BRISENO of CA 2:29PM October 14, 2008

If the borrower were able to pay the original payments, they would not be facing foreclosure.
I've paid $130,000.00 interest on a $135,000.00 home. And, 14K in landscaping, association fees, 20K sewer assessment, property taxes, insurance, maintenance, etc., etc. over the past 10 years.
I still owe $135,000.00 on the principal. Usery is not a strong enough word for this heinous, enslaving, loser of a system.
My husband lost his job and now makes half of what he did. I got sick and am trying to make money from home. My husband is 61 years old an I am 56. But, miss a couple payments; they take it all, and we're homeless. Then, do it again to some other sucker.
I want the the money I've paid to this bank (that's so poor we tax payers have to give them another 7 billion) to count toward the purchase price of this little house. And, lower the payments based upon the 5K still owed!
Right now!

Jody of NV 3:48AM September 22, 2008

The industry is shooting itself in the foot by failing to accept a moritorium on foreclosures.
Deeds of Trust are not worthless if SOME payment is being made. A homeowner in a home will keep the real estate from deteriorating because he has an interest in preserving its value. With the heavy overhang of unsold foreclosed properties, foreclosed properties are being allowed to deteriorate and the overhang puts pressure on the real estate market.
Congress should require a moritorium like it did during the early year of the Roosevelt administration.
The moritorium should halt all foreclosures where the borrower is willing and able to pay the original payments until a reasonable workout can be established.
CONGRESS MUST STEP UP TO THE PLATE AND ACCEPT RESPONIBILITY BY ENACTING A REQUIRED MORITORIUM.

Thomas J. Bolch of NC 4:11PM September 08, 2008

Thanks for that interview of Rep. Miller and for your other stories. Because the industry continues to be pressed regarding what they are doing (and not doing), it might be interesting to note who their spokespeople are: Hope Now Alliance and the Homeownership Preservation Foundation (which operates the Hope Hotline). Few are surprised that the Alliance looks after the industry, but it is important to see the ways the numbers are skewed. The Foundation however surprises folks because few seem to realize that it was created, funded and operated by the industry. More at foreclosurebuzz.org.

Robert Doggett of TX 10:23PM August 08, 2008