IMO, it's smart to file a RESPA with them to discover exactly what doc's they have. Review EVERY DETAIL. Don't pay another dime until you know for sure - save your money in an escrow and if they produce legit docs you'll have the funds to reinstate. If they can't, you've not continued to pay on a home you may never own.
My question is what legal options are available to us whose clean titles are irreparably damaged? Should those institutions not be held legally and financially responsible?
It's sickening that an institution can be so stupidly negligent and criminally involved. And the fact BofA acquired Countrywide does not beg pity for BofA, every damned one of them had their hands in the screwing of investors to the umpth degree possible and KNEW it. Now they've attempted to turn that screwing onto borrowers because they know they don't have the right doc's to back those faulty REMIC’s and if they could manage to “foreclose” without resist, they thought they'd covered their poop tracks with more dirt and planned they'd gather enough assets to shore up a portion of the inevitable put-back demands. It didn't work - some balked and look what's popping up! It ain't a surprise - it's an unraveling of their sinister, tangled web; a chickens coming home to roost moment; a snared by their own trap experience.
How would you handle a trustee that's screwed the pooch as badly as these have? America would be better off if its name weren't associated with an institution so entangled in questionable behavior. It and the rest need to be put in receivership and allowed to succumb to the market they tried so intently to manipulate for their own profit.
As for another bailout? The bastards took the hefty profits, let them shoulder the hefty losses. The market is a risk, you win some - you lose some. It's their turn to lose from the risks they took.
Yes, I want to see them barbecued - Carolina style..
I had called the recently to ask about something, and had to keypad my way through a bunch of questions, entering the last 4 digits of my hubby’s SS #, and come to find out after actually speaking to a human, that they have the SS# wrong on our mortgage. So they send me a form to fill out to fix it. The form doesn’t ask for a copy of the SS card. So I send the form in and they they deny the change because I didn’t send a copy of the card.