What Happen To Me During Foreclosure
SEE The Actual House here. Brick Front Lower & Upper blue Siding.
My name is Charles T. I was a homeowner until March 05, 2010
when I lost my home to foreclosure. Let me give you a brief recap
of what happen to me.I built my home new in Chicago, Illinois, and
closed Oct. 29, 2006. I put down $13,000.00 and moved into a
beautiful home. We loved our home. In 2007 it was appraised at
$240,000.00 THEN THE MARKET WENT SOUTH. My bank went belly
up. National City Mortgage . It was then bought by Bank Of America,
who promptly sold it to PNC. Next PNC sold it to Saxon Mortgage,
Who in turn sold it to Kandour. Who then Bundled it, and sold it to a
company of private investor's out of Colorado.
I worked for the Chicago Transit Authority who laid off 1500 drivers
in Jan. 2010. I was blessed to keep my job, but our hours
were cut. I went after a refi and was blessed to get a closing date.
but as things would go, I was set to close on that Friday Sept. 19,
2008 and the Monday before on Sept. 15, 2008 Lehman Brother
went belly-up. The whole credit and Financial worlds collided & the
markets dried up and they cancelled my closing. Talking about being
between a rock and a hard place. Man I thought I would lose my
mind. I tried to get a modified loan and could not. NACA fought
for me, but the day before my house was to sell a caseworker called
almost crying, (WE WERE CRYING), saying they were sorry, but they
could not save my home.
( I found out why the Obama plan, and most loan modifications
don't work . The big banks bundle and sell our mortgages to small
investor's who are not required by government to do loan
modifications, because they took no bail-out monies.) So they have
no restraint to foreclose.
I have since learned of several ways to stop them. Just one of the
ways would have saved my home.I can't even begin to tell you how
much HELL my family went threw. My wife is very sick now from this
experience. I don't want anyone to go threw what we did. Please
check the record My Address was 6429 S. Honore st. Chicago, Illinois
60636 . I didn't tell you the worst of it. My home lost its value From
$240,000.00 to the last 2 CMA's were $9,400.00 and $10,000.00.
Believe it, I said Nine Thousand four hundred dollars. My taxes went
up this year to $4,200 a year. ARE YOU KIDDING ME. Do you know
they refused to do the loan modification for $67,000.00. Greed at it's
purest form. I have provided a link for you to consider. IF I WOULD
HAVE KNOWN BEFORE I GAVE THEM MY KEYS I WOULD STILL BE IN MY
HOUSE! Take a look! Get the information and give them a FIGHT.
Save Your Home. GOD BLESS YOU! I HOPE YOU KEEP YOUR HOME!
Were you aware under the new rules, REGULATION X which
became
effective Jan. 01, 2014 , at any time during the life of the loan,
a borrower facing foreclosure,
could now challenge the QM
status of their loan. The borrower could claim that
things were
not done correctly and that they didn't have the ability to repay
the
loan. He or she could be granted an
injunction against the
foreclosure, and could receive up to three years
interest, which
could be offset against his or her indebtedness.
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