BMO Harris Bank NA; BMO Harris; Harris Bank; Harris Bank NA Bad loan and Loan Modification, lack of assistance and bad deal for consumer chicago Illinois

Hi and thank you for taking the time to reply and keep the discussion going.  I hope I don't sound like the victim, I didn't intent for that to be.  However I also hope that those who are reading this are aware that there are millions of people in the US who have loans that are NOT backed by Fannie Mae or Freddie Mac.  Therefore they (like myself) were not eligible for any help so far.  Harp, Hamp, any of the making home affordable loans, etc.. none of it could help someone who had a loan that was not backed by Fannie or Freddie.  And you are incorrect when you state that BMO Harris is only the servicer, they are not.. they hold the loan.     It's to the benefit of everyone if I don't file bankruptcy, walk away from my home or let it fall apart.

 It's often strictly a financial decision to abandon a house or stop paying, just like a corporation might dump stock it's holding and take a loss rather than keep it for 15yrs and hope to get their money back, consumers across America are doing the same thing.  It's called a strategic default.  So I'm not claming to be the victim, but I am asking the bank to help avoid this from occuring.  What I am expecting is very realistic.   Why would a bank want to risk someone not paying for a year before they are kicked out and getting a house that needs work.   If I owned a bank, I wouldn't want to assume the risk either of financing a house worth less than the mortgage, but they must realize they have a paying customer who will wind up paying $800K for a house worth $240 after all the interest, OR they will wind up with much less if they force a customer into bankruptcy

 "    I was not good with money and didnt' realize that the amount I was being loaned was way more than I could afford.  But I take responsibility for signing the documents and I admit my error. "

  If you were actually taking responsibility for borrowing more than you could afford, I doubt we would have been reading this post.  What is the point of saying so if you're going to blame the bank for your troubles in the same breath?

  As the borrower it is solely your responsibility to borrow only what you can repay.  If you are "not good with money" you should not be involving yourself in transactions in excess of a quarter million dollars.  

  The bank most likely does not even own your loan, they are probably just the servicer.  The real owner of your loan is most likely an investor or group of investors who are not willing to budge on the terms.

   The bank was able to offer you five years of breathing room, but it seems clear from your post that you still cannot afford your house.  What you are expecting from the bank is not realistic from a financial perspective.