Fact? No Reps or loan couselors seem to acknowledge/recognize the overall negative impact of the housing/foreclosure crisis? I'm sure you feel tha same.
They see and hear how bad tha housing issue is rite now.
Of course, (8002062901) they Know millions of families have lost there homes to the same type mortgage products (arm-subprime) they are serving.
That alone reveals insight into there overall agenda. Get Paid...
Fact? When u call Homecomings (crooks) they reveal the fact they are fimiliar with OBAMA's housing plan. Right? They give all of us tha same excuse?
Excuses'-We don't know the details yet or that plan does'not apply to you.
Why? (or even how) do I know More about a stop foreclosure(s) plan put in place by tha goverment---than they do???? I'm Not dumb. They know All about tha housing plan's put in place by; OBAMA. The best President eva. They are jus waiting for the rite time to capitalize/take advantage as they do. Obviously, I to have had tha absolute worst experience's in 5 years of paying mortgage to a predatory lender.
Just as you have too. Currently we are all in a trap. Homecomings/GMAC trap.
At this point, I have sent in tha Financial analysis docs and tha foreclosure repayment plan's 3rd payment has been recieved by HC. I can read so I know I fit tha housing plan's requirements. Next Step????
Will they modify? Reduce interest rate? Will they execute the govt housing plan? Will they do anything but what they have done thru out???? I'm educated (and conditioned=BLK) enuff to NOT let my Hope's get up.
Using common sense over tha years, I always felt that HC was Doing Me something terrible, tricky mathematical interest rate increases and hidden fees that mathematically make your mortgage unpayable.
Plus, they put service agents in place to make you feel uncomfortable with the whole HC mortgage issue. A loan modification with HC is actually a forebearance-most likely your overall principal balance will increase.
Jus like many others? I currently owe more than the original sales price.
How is that? Honestly? Borrower pay 5 years on a loan and after 5 years somehow owe more than the original balance of that loan. Fact? ARM-Subprime was a trap from tha jump. The primary reason for the current recession we're in. The Broker only acted as if he was working
honestly and professionally in getting me approved for the mortgage loan. At closing, after pursuing the 2nd home purchase for six month's he changed the game plan and said I'd have to get/take a ARM to close that day.
Then later? the (mortgage leaches) HC predatory lenders got there hands on the mortgage to take full advantage.
Homecomings financial is basically a well-organized group of vulture's going around monthly---dropping in house to house eating up our monthly income with no regulations or oversight. The rich staying rich and poor stay poor agenda as usual. Wall street arrest hav'nt hit HC yet. Maybe neva will?
Glad to come across this web-site and thanks for allowing me to voice my opinion and keep my sanity.Evidently they want be helping any of us anytime soon. We must help ourselves. Any class action lawsuits? I want in. Good luck to all that's getting srewd like me/us.
Pay back is gonna be a Motha for Tha homecomings crooks.
Obviously, HC dont see it quite that way and or they don't even care.
Keep tha faith and don't go out without a fight.