In days of old, if we suffered a "home robbery" the homeowners could call the police for help. The cops would help the victims with recovery of the stolen items, and often an all-points bulletin would be put out and newscasts would report the crime. Today, if you suffer a "home robbery" it's more like "highway robbery," and there is little you can do. The crime can happen in broad daylight and leave the homeowner stunned and alone: no cops to call, no all-points bulletin looking to catch the crooks, no victims' rights advocate or government agency to step in and make things right.
Peoples' homes are being stolen, and though they are not being removed from their foundations and carted off to pawn shops, they might as well be. Crooks are pushing families and children out of their homes and neighborhoods without cause--and nobody seems to care.
Bewildered and frightened homeowners are left asking, "How did a simple refinance end up with my home being stolen?" Or, "How can the bank refuse my payments and then steal my home?" Or, "How is it that a bank can steal my home and no agency is there to stop the crooks and help the victim?" Or even, "How is this happening in America?"
I am asked these questions every week. And that's why I have begun to highlight some of these homeowner stories and raise awareness to the dangers of any proposed legislation designed to speed up the foreclosure process.
Homeowners can call their legislators and attorneys general and dial away trying to find attorneys that "get it" and will help them fight to keep their homes. But the crooks continue to get away with stealing homes because nobody is stopping them.
Just one home stolen is one too many. The stories that do make their way to the news find it doesn't help--the home is lost anyway.
What will it take before someone with authority does something to stop this?
Here is an excerpt from yet another frightened homeowner -just one of many found on various online video sites, activist sites, advocate sites and complaint sites;
OCWEN IS TRYING TO STEAL MY HOME WITHOUT ANY RIGHT...Find more info on mortgage fraud, wrongful foreclosures and mortgage servicing issues by reading a few earlier blogs.
I had Upland mortgage since 2002 but they sold out to Ocwen around 2003. Since then my home has been in foreclosure twice. They have forced placed insurance on a home that I had insurance on. They have never paid my taxes on time. They do not honor the agreement they send me in writing!
In Dec 2009 I was approved for a Loan Modification. I was to pay a down-payment and keep up my monthly payments of $531.04. I have kept up my end of the deal. Yesterday I received my monthly statement and it said my next payment was $6,431.96 due in 15 days.
I called Ocwen and the rep said the statement is correct. If I do not pay the $6,431.96 by the due date, they are taking my home. In the modification agreement, it states that "upon modification, your note will become current and will not be in default." However, the lady on the phone says I didn't have an agreement and I am in foreclosure. But I have the agreement in writing!
I asked to speak to a supervisor and got disconnected. So I called again. As soon as I asked to speak to a supervisor, I got cut off. This has happened every single time I've called in the past several years.
Now, they say that they can terminate my loan modification as they see fit. They are taking away my home for no reason! MORE
Watch this video (note the date) and pay particular notice to how the mortgage industry claimed they didn't need any additional regulations...
And in case your wondering how Jack made out...he lost his home. Jack now concentrates his efforts on helping other homeowners avoid home robberies at his site fighting mortgage servicing fraud: msfraud.org