BTW I forgot to mention.

Bank of America told me I am still "under review" for both the HAMP and an in-house mod.... HEllO, about ten people told me I was denied and COULD NOT RE-APPLY. Whatever!

I read over my law suit today. I thought maybe I would be filing it soon so I might want to review it. Its unbelieveable what I went through last year. Reading it over was like suffering through it all over again. The damage that Bank of America and this scam did to me is indescribable. It changed me.

To them it was just another day at the office, and woo hoo a great year for business. Will their day ever come?

California bill to make banks pay 20,000 for each foreclosure.

Check out this article. Lets hope it gets through. This is exactly what we need. The banks need some motivation to MODIFIY LOANS.

http://www.canadianbusiness.com/markets/market_news/article.jsp?content=D9M0H8E02

Here is comment from someone following the HAMP SCAM

"That’s crazy that they keep SAYING something different every time you call but then again, when it’s a scam you have to make it up as you go."
M

Bank of America keeps telling me I cannot apply for the HAMP again.

I am wondering if they are just trying to discourage as many people as possible. Now that the gig is up, and they can't use HAMP to rack up excess fees anymore, without the light of the world being shone upon them, they no longer have any interest in the game?

I will call again in a day or so and apply again with someone new. Each and every person I spoke with said something different.

One said you need to wait 30 days after you are denied to apply again. Another said you need to have new extra income to apply again. Another said you have to wait until you get the denial LETTER in the mail. Of course I never got any letter....but that's OK, this will all be addressed in my law suit. How they dragged me through the proverbial ringer for 20 months just to increase the fees they can collect when they foreclose. The bogus fees they charge for having people drive up to my house over and over again to confirm occupancy, when I have sent them repeated proof of my occupancy.

I sent them my driver's license, recent utilily bills, car insurance, phone bills etc, yet still they need to pay people to come knock on my door at 8 am. And the funny thing is that they pay these people $50. and they charge Fannie Mae $100. for the "service" that was never needed in the first place.

The bottom line is until some of the top CEOs start paying with their freedom, AKA "prison" this crap is not going to stop. Let me rephrase that more positively. When they start throwing these CEOs in jail then this corruption WILL STOP.

A Young Lawyer's Fight To Save The Homes Of Low-Income Families

For some low-income homeowners in DC, a home loan modification can mean the difference between keeping a house that's been in the family for generations, and homelessness.

But pursuing a modification can also mean endless phone calls, pricey faxes, and piles of paperwork with no guarantee of protection from wrongful rejection. This is where Jennifer Ngai comes in.

Jennifer, a 30-year-old attorney and Equal Justice Works Americorps Legal Fellow at the Legal Aid Society, specializes in navigating this frustrating system for Washington, D.C. residents who qualify for loan modifications, but are trapped in an endless maze of contradictory information. She tirelessly works to secure permanent, affordable modifications for families who would otherwise be homeless.

Jennifer explained that despite the fact that banks were given financial incentives to work with homeowners who are behind on their loans, "the reality is that no one could possibly make it through the phone and fax system where you can never talk to the same person twice, and you get inconsistent information."

"A lot of my clients belong to this very specific population of being very low income, where if they lost their house, they would truly be at the very bottom of the poverty level and they could not afford to rent," Jennifer said. "I have clients who have very, very low mortgages and defy many of the stereotypes that I think a lot of people in foreclosure are judged by." Jennifer said clients have been brought to foreclosure owing as little as $2000. "Frankly, the bank doesn't care what the dollar amount is," she added.

Jennifer said her most representative case involved working with a home owner who lost her job at a department store and realized that she wouldn't be able to make the $500 monthly payments on her home equity loan. But because her husband had a large enough salary, she qualified for a modification. "She tried, but every time she called, she got different information," Jennifer said. When Jennifer got involved, the family were just a week from losing their home, pulling their daughter out of school and finding another place to live.

"We had to put up a fight," she said. But in the end, they got the interest rate and payments lowered to an affordable level, and the term extended to 30 years. "They were able to carry on with their lives," Jennifer said.

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AdvertisementEven as an attorney, Jennifer said she gets the same runaround as her Legal Aid clients. "The only difference between me and a homeowner is that I have the leverage of understanding the legal requirements of the bank, and the program requirements of [the Obama Administrations Home Affordable Modification Program], so I can escalate and I can threaten to litigate, and I can litigate if I have to," said Jennifer.

If endless phone calls don't work, Jennifer explained she knows how to get in touch with people higher up the ladder at mortgage companies, even going as far as writing letters to the CEO.

"The best thing we've found is to keep things in writing, and to escalate, escalate, escalate," she said.

"[This] sometimes means trying to work with someone in the office of the president of a mortgage company, sometimes it means trying to find a legal contact, sometimes it means writing to the CEO because you just can't get traction with anybody else."

Though she's dabbled in the realm of corporate law, Jennifer's has always leaned toward work in the public interest arena.

"Towards the end of college, I was really looking for a way to use communication skills, and be a bit more of a problem solver," said Jennifer.

She was working in consumer law, mostly working with big companies when she found out the Legal Aid Society were planning to help low income families dealing with foreclosures.

Immediately, she wanted to be part of it and hasn't looked back. "It's really rewarding work," she said.

by Yepoka Yeebo

http://www.huffingtonpost.com/2011/02/08/no-way-to-live_n_819935.html#s236280&title=The_Financial_Crisis

Not a single prosecution for the banking fraud that has been committed.

Oh but their time will come, I see it clearly before me. It is still not entirely well know amoung the mainstream population what the banks have done, but their day in court will come, I feel it.

It will be somewhat amazing when it all comes out. Someone will write a best selling book, Oprah will do a piece on it and people will act surpirsed and suddenly sympathetic. I hope I can forgive them.

For those of us who got caught up in the cogs of this broken down machine, we will be long gone and oblivious to the pain and suffering of the next group of "middle class" people to fall. Why should be care about them? They pointed a finger at us as we fell. They blammed us as we clawed and begged for survival. We were alone, so we thought. No one to talk to, we blammed ourselves. People committed suicide. I have stories of some of these people on this blog. They didn't know that there were millions of Americans falling. They felt alone and to blame. Obviously they weren't.

I remember a few years ago a story of a family, you all probably remember this story. Both the mother and father were laid off from their jobs. The father killed his wife, his three children and himself. At the time I thought it outrageous, but having lived through the war of financial destruction, I understand it now in a way I NEVER COULD HAVE BEFORE. It has made me a stronger person, a deeper person, an angrier and a happier person all at the same time.

I know what failure looks like from the inside, and its ugly. I know what it feels like and I know what it feels like to think that you would be better off dead. As crazy as that sounds, I guess its one of those things you just have to have been there!

I wish I could have a chat with that father today. Had he only known what was happening, had he known what was going to happen, had he just not been so unlucky to be one of the first to fall, maybe, just maybe that
family would be here today, happily living in their affordable rental.