While Orange County deputy Dan Mendoza is quick to point out that evictions are nothing more than
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las vegas foreclosure
The typical foreclosure story is rather common: homeowner can no longer make payments, homeowner goes into foreclosure and loses the home, home goes on the market. But every once in a while a foreclosed home or two falls off the back of the proverbial truck, as DS News reported on September 11, 2009. According to the story, Wells Fargo executive Cheronda Guyton was found to have:
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hud homes for sale
Foreclosures have skyrocketed virtually every month since the collapse of the housing market. Across the country, people who bought homes at inflated prices and took adjustable rate mortgages are losing the properties to foreclosure in record numbers as home values decline. (To put the sheer quantity into context, consider this: foreclosures are reported to have
One man in Las Vegas says that the entire system is broken….
I bought my house in late 2007 for $400K at 6.5% fix. I put 25% down ($100K). With the current market, I didn t only lost all my equity but due to foreclosures in the area, my house is only worth about $250K and I owe $299. I retired from the military and currently unemploy. Between my pension, spouse s income, and others, we are barely getting by or having to use our saving to cover any shortfalls. I called Countrywide in January to see if they have anything that will help responsible people like me who are still current on payment. It was like talking to a wall. All the solutions she mentioned only benefit CW and not me. Later, I spoke to the HOPE credit counselor, we did the budget and she send the file to Countrywide. February, I send a certified letter with my budget breakdown to CW asking them to help me. Today 10 Feb 09, I called CW to discuss more about my issue. We had to go over my budget again. I asked her to pull out the letter I sent but she said she still has to do it verbally. At first her math showed I have positive income so I don t qualify. I told her the math is not right. We tried again and now it showed I m negative and still don t qualify. So I asked her what is the number for me to qualify? she said because I m already on fix 6.5% interest, I don t qualify. So basically, no matter if I m positive or negative, I don t qualify period. She just wasted my time. She mentioned doing a short sale, in which I replied why not help me and modify my mortgage? They will likely loose less money helping me then taking a short sale. She said that s the only solution the company can offer. To sum it up, if you are responsible and doing your best not to add to the foreclosure problem – THERE IS NO PROGRAM TO HELP YOU BUT ONLY PROGRAMS THAT ENCOURAGE YOU TO DUMP THE PROPERTY.
The truth is that the mortgage lending system is broken, and the U.S. housing industry is falling apart because of it.
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hud foreclosure listings
Apparently some banks actually want you to default so that they can foreclose your house….
They paid the taxes on another house with a vaguely similar address (but much higher tax rate)and sent me a new payment book with my monthly amount roughly doubled to make up for the mysterious increase in tax payments. After the problem was identified, they promised to fix it, but never did, despite repeated calls from myself. Letters went unanswered.
Next thing I know, the tax people in my town are telling me that my taxes haven t been paid and my property is delinquent. After that, Chase labels my account as past due and begins to assess late fees and threaten foreclosure. I call Chase and am automatically routed to collection people who do nothing but scream abusively at me to pay my bill.
Virtually no attorney will touch the case because they all want to keep getting business from a large financial corporation. Out of desperation, I finally contact the New York Banking Commission. Over the course of months, Chase – very, very grudgingly – corrects most of their errors. They never stop being nasty, and begin to imply that they might sue me anytime I refuse to accept their initial offer.
This process took approximately four years to complete. I eventually was forced to default on the property for a number of reasons, some of which were unrelated to Chase. At this point, I discovered that they actually WANT you to default on FHA insured properties, apparently because they make out rather well, or so my realtor claims. In any case, it was the first time they were actually very pleasant and cheerful on the phone. Go figure.
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houston foreclosure listings
A lot of times mortgage horror stories are 100 percent the fault of the lending institutions as in this case….
At the ripe old age of 40, my husband and I bought our first home one year ago. Having heard so many horror stories prior to our purchase, we were very surprised at the ease in which every thing went during our application and closure. We had to take out a second mortgage with our financial institution, however, to pay for incidentals at closing. We ended up with two loans, one (the smaller of the two) was automatic withdrawal and the other was a mail-in payment.
After six months, I was horror-stricken when I received a certified letter stating my home and land would be put up for auction in the near future for my failure to pay three months of house payments! After pulling myself off of the floor, I managed to calm myself down long enough to call our esteemed bank. A nice young lady laughed and said, yes, our payment had not been received for three months, but the problem was with the bank. They had inadvertently applied our major mortgage payments to the second mortgage AFTER SIX MONTHS OF PAYING IT CORRECTLY! I was livid! The best part? The young lady indicated that it happens all the time and it was just a little glitch … and it was usually funny (how it turned out) Funny!?! I practically had to call 911 when I got that notice! This happened five months ago and my credit is screwed up. The bank s (explanation) is It s just a little glitch.
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house in foreclosure
One very frustrated Ohio homeowner who was served with a foreclosure notice from his lender decided to drive his SUV into his home. Obviously this caused a considerable amount of damage….
30-year-old Steve Doak told deputies he was recently served with foreclosure papers and wanted to destroy the house rather than turn it over to the bank. The sheriff
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house foreclosures
A man in Michigan actually died during a standoff with police over his eviction from a foreclosed home….
Mark D. Fussner died May 22 after an hours-long shoot-out with police following the bailiff
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house foreclosure listings
One man in Ohio named Terry Hoskins actually bulldozed his own home rather than let the bank foreclose it….
The average homeowner that can t afford an attorney or can fight as long as we have, they don t stand a chance, he said.
Hoskins said he d gotten a $170,000 offer from someone to pay off the house, but the bank refused, saying they could get more from selling it in foreclosure.
Hoskins told News 5 s Courtis Fuller that he issued the bank an ultimatum.
I ll tear it down before I let you take it, Hoskins told them.
And that s exactly what Hoskins did.
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house foreclosure
Dealing with mortgage lenders has become so frustrating that some people are on the verge of just giving up….
I am self-employed, have been all my life and have owned a home for 30 years. When I started my Loan Modification process in August of 09 I WAS NOT behind on any payments. I sent full documentation, over 150 pages, with the things they needed to verify my income. I am now 2 payments behind and I am getting nowhere. They keep flipping me between Loss Mitigation and Imminent Default, back and fourth month end month out. I made a habit of calling every week, then every two weeks just to be sure all was moving forward. From the middle of November I was told my file was with the underwriter and it would only be 30-60 days. I began automatically updating my income verification, verification that I still resided at the property and an updated 4506-T every month. In the middle of April a rep finally told me I was not in the loan modification process. In fact, that I had been denied on March 2. Keep in mind, I m talking to these people every 2 weeks. She did a financial interview and sent me a new packet so that I could start all over, resubmitting all the documentation yet again. She told me she was my Account Manager. I completed the packet, called with a question (2 weeks later – over a week to receive the packet and another few days to complete it and gather all my documents again) and learned that my Account Manager was on maternity leave and I now didn t have an account manager. Also, I was told that I had received the incorrect packet…it was the old version rather than the updated version. She asked me to fax four or five pieces of information in the hopes it would, quote, jump start my file back into the process and said she we send me another packet. That was mid April. Here we sit, 2-1/2 months later, I have still not received anything in writing about my rejection. And, though I ve now had people tell me on three separate occasions that I would receive a new packet, it has yet to show up on my door step. I asked several times why my application was denied and the answer I finally got last week was that it was because I was DELIQUENT in my payments. Call me crazy but I thought that was the whole point??!! I almost hired a third party but am so hesitant to take that step. Every time I get on the phone with them it takes an hour out of my day and I am usually so upset I find it difficult to work, so I just don t call. I m going to sit back and regroup and decide what I need to do next.