I Fought Foreclosure and Won!

Danny L — henrymakow.com Dec 30, 2014

Fight the bankers“Stop renting….BUY a house!” That’s what everyone says. So we did. In 2007 I bought a $115,000 house and we thought life was good. Three years after buying the house, I suffered some financial setbacks and could no longer afford the payments.
I tried selling it but no one was interested. Then came the threatening letters from Bank of America. I, like most people in this situation simply freaked out, ignored the problem thinking sooner or later it will just go away.
But, it doesn’t go away. And deep down, I knew it wouldn’t. So I started contacting lawyers and getting bankruptcy consultations over the phone. If the bank was going to take my house and come after me for the deficiency, they weren’t going to get one penny! I was now starting my slippery slide into the pit.
The Sheriff showed up one day with a thick packet of papers for me….my foreclosure notice! Nothing rattles you more than a Sheriff’s deputy standing at your front door. That is when the real intimidation from the bank starts.
Which brings up another interesting question: In the case of serving foreclosure notices’, who is the Sheriff actually working for? That’s right…The BANK! That’s when you realize how insidious the banks really are and that you are looking into the eyes of an actual monster and they control the system from the top down.
And that’s when the seriousness of my situation came to rest on my chest like a large boulder. My girlfriend and I had moved out of the house shortly after and for around six months, nothing happened. We had moved into an apartment and basically ignored the problem at hand. I did however pay a lawyer $150.00 to file a “Delay of Sale” for me, thinking this would give me six more months from this point in time.
In the very back of my thick packet of foreclosure papers was a flyer to get help if you found yourself in this situation. But, you had to live in the house to get their assistance. I called the 800 number and they sent me a packet of papers to fill out. They were a financial counseling company and basically I filled out a stack income to debt forms, sent them back and waited. In the meantime, to qualify for the loan assistance we moved back into the house. After a few tweaks of the documents they had a complete file on me and they forwarded it on to Iowa Mediation Services.
I was assigned a wonderful mediator. They negotiated with Bank of America on my behalf to try to get me a loan modification. Except for supplying some documentation (that the bank has no business having) they would do all of the work. In the meantime, my research into the banking fraud escalated and continued down the rabbit hole!
About three weeks, my mediator called me and said the bank wants two months bank statements, the last two years tax returns and your last two months pay stubs. Ok I said and emailed him the documents. (Stupid me……NO ONE has any business seeing these documents…think about it….really?)
However, supplying them the documents in question was part of their game. And if I wanted a loan modification, I had to play along. Meanwhile, Bank of America’s first Law Firm filed a motion for summary judgment against me. I ignored them. After about eight months of these repeated documentation requests from the bank, being assigned numerous customer service reps (CSR’s) and the frustration my mediator was having getting anywhere with these parasites, I was quickly learning just how their game was played, and how to play back.
After about 20 months of this delaying tactic, they finally offered me a $130.00 a month less house payment. (Loan modification) Really? For my financial situation, it would have to have been around $300.00 a month less or more to make any difference and keep me in my house.
Were they on drugs???? I called them up the next day and said I DO NOT ACCEPT your loan modification offer. She became bewildered. I think she stopped breathing, “What do you mean Mr. L? After all of this work??” I told her the modification was so small as to be irrelevant. She stated (LIED) that because my loan was a Freddy Mac loan and they were the investor, that they had very strict rules on loan mods and that Bank of America’s hands were tied. (Another lie.) And shortly after that I got a new CSR.!


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