Bank Induced Defaults….and What the Government Knew

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Bank Induced Defaults….and What the Government Knew

Bank Induced Defaults….and What the Government Knew

DKelleyLaw-

For so long, every time a homeowner was told “You need a modification.  However, we can’t help you get one because you are current on your payments.  You need to get behind payments to show us a hardship so we can modify your loan.” and the homeowner thought they were being considered for HAMP it was a lie.  HAMP didn’t require homeowners to miss payments.

From the HAMP page “Administrative Website for Servicers”, “Administered by Fannie Mae” there is a document called the “HAMP Resolution Matrix” apparently for servicers to follow.

In paragraph 26 it states:  ”Homeowner Advised to Miss Payment (1) Confirm with homeowner (or homeowner advocate) that the property is the homeowner’s principal residence. (a) If no, explain that a homeowner can never be required to miss a payment however, under HAMP Tier 2 there is no risk of imminent default review when the mortgage loan is secured by a rental property. Explain the HAMP Tier 2 eligibility criteria and close case. (b) If yes, advise homeowner (or homeowner advocate) that they are NOT required to miss a payment. (Advise homeowner that they will be reviewed against imminent default criteria for principal residence.)(3) Obtain evidence that homeowner was advised to miss payment(s) including name and contact phone number of servicer’s representative.(4) Confirm with servicer. (a) If servicer acknowledges error, require servicer to communicate correct status to homeowner (or homeowner advocate). (b) If servicer denies allegation, communicate misunderstanding to homeowner (or homeowner advocate), discuss next required actions before closing case.”

[DKELLEYLAW]

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One Response to “Bank Induced Defaults….and What the Government Knew”

  1. Rob Harrington says:

    —> 3rd annual Independence Day Reminder of “Lawful” Property Confiscation in America

    – Independence Day?

    Posted by Rob Harrington July 4, 2010 at 7:00am

    July 4th, 2010 —

    Today, I will remember my father who passed away so recently. He was a retired officer of the United States Air Force. A fervent defender of the Constitution and of fact and law, and an avid student of History, this highly decorated, honest man devoted his entire life to preserving our noble freedoms.

    Last Memorial day in Washington D.C., as my mother and I visited Arlington National Cemetary where he is to be buried with full military honors, 100,000?s of Vietnam veterans were also visting D.C. for “Rolling Thunder” to also pay their respects to fallen brothers and sisters of the Vietnam War. This was the same War my father earned a Bronze Star among many other decorations for valor and dedication while risking his own personal safety and life.

    It was that Sunday I picked out a book in his vast historical library to begin a read for the long, sad trip home back to Florida. Florida is where I have been fighting fraud and for property rights for several long, frustrating years. The book I chose was written about the Vietnam War entitled “The War of the Innocents,” by Charles Bracelen Flood. Published in 1970, Mr Flood foresaw the main reason WHY the South Vietnamese and the U.S. would EVENTUALLY LOSE the war against the Communist Viet Cong. The ex-Army, Harvard graduate keenly observed that the poor Vietnamese peasant farmers were CONSTANTLY having their PROPERTIES SEIZED ILLEGALLY BY A CORRUPT GOVERNMENT AND THEIR CORRUPT, WEALTHY BUSINESS PARTNERS.

    The constant harrassment, removal, and dislocation of the poor, peasant farmers and their families contributed greatly to the lack of support of their corrupt Saigon Government, and indeed the lack of responsibility of its own soldiers and citizens to fight effectively against the Communists.

    In 2010, even an 8 year old being removed from their home due to a questionable foreclosure could draw the same conclusion regarding a corrupt system that aids and abets illegal and fraudulent harrassment, removal and dislocation of too many families who’s unalienable rights are being denied. Today, I will remember the millions of Americans who were defrauded by the Banks and are now being removed from their homes by the very governments who were supposed to protect them. Their protections are DENIED almost daily by the very consumer laws that are NOT being enforced nor upheld.

    IF FACT AND LAW ARE NOT BEING UPHELD IN THE COUNTRY WHO HAS SHED THE MOST BLOOD FIGHTING COMMUNISM AND FASCISM IN THE HISTORY OF MANKIND, WHAT DOES THAT REVEAL ABOUT THE NATURE OF THOSE WHO SWEAR A HOLY OATH TO DEFEND AND PRESERVE THE CONSTITUTION OF THE UNITED STATES OF AMERICA AND OTHER LAWS– AND DO NOT?

    Tomorrow, I begin researching “Fraud on the Courts” on forged complaints and so-called “supporting” documents made by so-called “officers of the court” in yet another legal battle on a case already dismissed once before.

    Today, on the morning of the 4th of July, I will miss my father terribly. Today, I weep in utter despair as I write this message to whoever cares to read it. I sincerely question that his whole life was dedicated to being deceived by a collosal lie?

    On July 4th, 2010, this is NOT a happy day for me. Is this really Independence Day in foreclosureland?

    -Rob Harrington

    Co-Founder / National WAMU Homeowners Support Group

    crharrington@cox.net

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