Posted on 07/25/2011 5:44:56 PM PDT by Chunga85
DO NOT CIRCUMVENT OUR OFFICE - ALL CORRESPONDENCE REGARDING THIS MORTGAGE SHOULD BE DIRECTED TO US.
Dear Chase,
We have sent HUNDREDS of pages of documentation to you since November 2010.
The borrower came to us because they did the same and were ignored. We are going to try one more time to obtain a modification for our clients before we turn to the court system for relief.
Your company has run rough-shot over our state's title statutes, and violated them as if they did not exist [and not only with regard to this particular property]. Unless you offer our clients an acceptable loan modification with a principal write-down to a new balance of $100,000,000.00 within 45 days, our intent is to amend our existing complaint to include acting in bad faith and outright fraud. The way you have treated our clients is disgusting and you should be held accountable.
(Excerpt) Read more at foreclosurehamlet.org ...
We are observing a good English word in formation process.
See also http://eggcorns.lascribe.net/english/158/roughshot/
The proper expression is “rough shod”. If they can’t even get their opening shot of hyperbole right...
If that is what you wish to place your emphasis on I doubt you'll be interested in the link below.
For others who wish to learn the intracacies of complex (and succesful) foreclosure litigation I give you Moll vs. MERS, et al
Son, you are either genuinely shallow or you do a great impersonation.
no one should get a loan modification!!!
pay what they signed for or get off the property!
“I am not ashamed to confess I am ignorant of what I do not know”
- Marcus Tullius Cicero -
No one should get a pass on committing forgery, perjury and Fraud on the Court, especial not after having committing these crimes thousands of times.
Committing a felony in an effort to to enforce a civil contract is still a felony and is not justifiably, especially when you are committing it because you failed on your part to follow the law and/or do you do diligence in your recording and record keeping.
Pay your mortage as you signed for or go live under a bush, or lie down in the street and die as far as i’m concerned!
Future generations will be stuck with the bill while these blowhorns remain too dim-witted to realize what has happened and continues to happen.
With some odd sense of pride they are harming themselves, their country, the rule of law, and future generations.
They just don't know it.
Chase has made same offer to me. Basically, they will set my ‘new’ mortgage at the same principal, convert it to a 20 year vs. 30, and do so for no closing or other costs. The new interest rate essentially would make the payment unchanged. The only difference (and for the good), the ‘maturity’ would be two years shorter than present. This is the second time they have sent me this offer.
Thanks, that is interesting how the use is become rampid. I guess I better tow the line.
“Rampid”. That’s a bran new word for me. I will keep it upmost in my thoughts, at least for the last 2 minutes.
100,000,000 is hardly enough of a lawsuit for these pirates.
"A "kinder, gentler" title may have read like this:"
"Since the Plantiff has been harassed, lied to, and been abused as part of a huge national ponzi scheme that has unjustly enriched TBTF banks, we offer to accept a prinicipal correction in lieu of suing you for $100,000,000.00 in damages for your egregious behavior."
"Take it or leave it."
In all sincerity, to those considering a loan modification, please use caution. This is a new trend. Something is likely very wrong and the inducement to modify may be an attempt to correct fatal mistakes.
TBTF does not play nice.
Ya think?!?!???
You get no reduction in monthly payments.
What's in it for them? They lose 10 years worth of income, some percentage of the interest income, and get no change in cash flow.
There must be a powerful incentive for them to do this.
The name calling, spell-checking, death-wishing comments don't bother me a bit.
I'm doing the "All" thing not to generate clicks (advertising is strictly prohibited on Hamlet) but to hopefully warn fellow Freepers to avoid potentially becoming a victim of seemingly "friendly" gestures from TBTF.
The incentive is to prevent future defaults, the banks are trying to get ahead of the next bust because its more equitable in the long run to keep people in their homes rather than having unmovable properties bleeding their books.
Unless or until that borrower gets fully employed again, they will default.
Without relief in the monthly cash hemorrhage, any refinance is a meaningless gesture.
It will not avoid the inevitable default. The new paperwork would only give the bank the clear title they don't have with the existing bundled and commodity traded mortgages.
It is a perfectly valid method for the banks to decouple the "good" mortgages from the "bad" mortgages they acquired in the commodity bundles.
It also converts some of the bad (unclear chain of ownership) mortgages into ones with a clear chain of ownership, enabling foreclosures when and where needed.
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