I have highlighted Robert "Jack" Wright's story (founder of msfraud.org ) on several occasions.
Below are a couple of videos that cut to the core of the mortgage servicing nightmare . It points out how an innocent man (one of many) had his home foreclosed on --yet he hadn't missed a payment. In fact, Jack overpaid his mortgage servicer --and still lost his home. If we don't expose what is happening to innocent borrowers, we can't hope to stop it. What happened to Jack could happen to anyone who holds a mortgage and doesn't receive a monthly statement allowing the borrower to track and verify their mortgage payments are applied accurately.
Jack's story and others, including my own nightmare, serves as a reminder --how important it is to have access to a full accounting of our mortgage loan --in order to deter and detect fraud and/or accounting problems. Consumers need the ability to verify that their mortgage is being handled properly and the payments are applied accurately.
Watch these videos, then urge your Congressional representatives to do the same. Then ask them if they can explain how it is mortgage servicers are not mandated to send borrowers a monthly statement --and more importantly --ask them to explain how it's possible that people like Jack continue to be wrongfully put out on the streets without missing a payment --and how it's acceptable that he and other innocent families --including many disabled homeowners, continue to live in fear they could be forever put out of their homes without justification or cause.
The home you save might just be your own! All too often the media doesn't dig deep enough to find the truth behind the spin. Victims are being labeled deadbeats who don't pay their mortgages -watch these videos and then ask yourself who's the deadbeat?
Jack Lost his house!
And he's still fighting for justice and accountability! Jack's not alone.
These are the types of stories that aren't be publicized -but need to be told.
Notice the date of this blog post is 2008. Watch for many more stories to follow-- unless predatory mortgage servicing practices and fraudulent foreclosures are stopped, before more innocent families find themselves kicked out of their homes.
No surprise here ---unfortunately, predatory mortgage servicing practices and fraudulent foreclosures --didn't stop. So follow the above links to learn much more about mortgage servicing lawsuits, investigations, homeowner stories and more--through and including 2011.