via The Home Equity Theft Reporter a fantastic site!
- The Complaint alleges that CitiMortgage accepted billions in government bailout money under the Troubled Asset Relief Program (“TARP”) earmarked to help struggling homeowners avoid foreclosure. CitiMortgage, like other TARP-funded financial institutions, is contractually obligated to modify mortgage loans it services for homeowners who qualify under HAMP, a federal program designed to abate the foreclosure crisis by providing mortgage loan modifications to eligible homeowners.
- According to the lawsuit, CitiMortgage systematically slows or thwarts homeowners’ requests to modify mortgages, depriving borrowers of federal bailout funds that could save them from foreclosure. The bank ends up reaping the financial benefits provided by TARP-funds and also collects higher fees and interest rates associated with stressed home loans.
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Is wondering when someone from Pennsylvania is going to step up to file. It seems all other states are filing suit, what about us?
Is Kansas in this? I lost my home due to Citimortgage refusing to work with us. Before we had a loss of income for approximately 4 months I called Citimortgage to ask if we could modify our loan, defer 2 months to the end of our loan, anything, and was told they could not help unless we were in default. We lost approximately $1500 dollars per month income and used up all of our savings to stay afloat, the income loss lasted 2 months longer than predicted and we ended up having to file Chapter 7 bankruptcy. I filled out all of the forms they sent me, in the end I was told they could not help me. I lost land that had been in my family for over 90 years.
We NEED a class action suit going for the MISSOURI customers. CitiMortgage STOLE our home!!!
I AGREE WITH DEE! WE DO NEED A CLASS ACT AGAINST CITIMORTGAGE IN MISSOURI.
I AM DISABLED AND FOR THE SECOND TIME IN A YEAR THE ARE TRYING TO FORECLOSE ON ME.