Quote Originally Posted by EastsideAl View Post
Not to mention that he's talking completely out of his ass with no idea of what actually happens out there. The banks not only won't work with homeowners, in many, if not most, cases we've worked on they won't even return their phone calls.

Certainly for the many mortgages that were sold to or were serviced by Freddie Mac or Fannie Mae it is almost impossible to get anyone to respond, let alone to try to negotiate a solution. And, in some cases, often those where some sort of mortgage fraud was involved [[but not always, some mortgages have just been sold several times), it is practically impossible to determine who the actual mortgage holder is.

Several months ago when the stories came out about the massive frauds and abuses going on around the country in the home foreclosure process there was a huge number of reports of homeowners who were foreclosed on and evicted as quickly as possible without ever once being able to even speak to anyone with any power at their bank. Those stories have now subsided, but nothing at all was done to address the problems or curb the abuses, which are still going on. And it really doesn't matter whether you live in Cleveland, Miami, L.A. or Detroit. There was, and is, simply a mad rush to get these bad [[and, again, often fraudulent) mortgages off of the books of the banks and lenders, even if they then get stuck with the houses [[which they can just abandon and write off anyway).
Thank you Eastside Al. Finally somebody on here that gets it. Thousands of people were wrongly put out of their homes, and nothing has been said or done about it. I see where certain banks are giving abused homeowners payouts for the crimes, but what about the homeowners who were screwed by smaller banks and mortgage companies? They get nothing.