crimedog asked:
I got hurt really bad got a staff infection. I went to the mortgage company 10 mo. Prior asking to refinance but my mortgage company said i was 140,000 upside down and they would not tough my loan. All i needed them to do was lock the rate so i would not lose the home. but all attempts they kept saying maybe up until i lost my home and 20 years of my life i worked for. Now these banks are getting all bailed out but nobody seems to be looking at the full picture. that banks could have prevented all this by just lowering th intrest rates when honest people like me went the the bank before i had a problem not paying. I could make my payment but when it went to 11 % i could not .I told the baks 10 mo. prior but because i was 140,000 upside down they said NO. that was my bank and they should have took action and now they are selling the home for 221,000 and i paid 500,000 and put 60,000 upgrades. and lost it all because their was no equity. so they would not finance. But now the banks are alll getting bail out money and blaming the consumer but alll reality it is there fault becauce the market turned and they should have started locking people in on their loans to prevent all of this. And yes they did encourage their brokers to sell adjustables to people to get more money from their consumers. They should alll be in jail just for encouraging this type of behavior. Is someone willing to try to help sue these people ?
Raymond
I got hurt really bad got a staff infection. I went to the mortgage company 10 mo. Prior asking to refinance but my mortgage company said i was 140,000 upside down and they would not tough my loan. All i needed them to do was lock the rate so i would not lose the home. but all attempts they kept saying maybe up until i lost my home and 20 years of my life i worked for. Now these banks are getting all bailed out but nobody seems to be looking at the full picture. that banks could have prevented all this by just lowering th intrest rates when honest people like me went the the bank before i had a problem not paying. I could make my payment but when it went to 11 % i could not .I told the baks 10 mo. prior but because i was 140,000 upside down they said NO. that was my bank and they should have took action and now they are selling the home for 221,000 and i paid 500,000 and put 60,000 upgrades. and lost it all because their was no equity. so they would not finance. But now the banks are alll getting bail out money and blaming the consumer but alll reality it is there fault becauce the market turned and they should have started locking people in on their loans to prevent all of this. And yes they did encourage their brokers to sell adjustables to people to get more money from their consumers. They should alll be in jail just for encouraging this type of behavior. Is someone willing to try to help sue these people ?
Raymond
Herbert
You have a good point about then interest, that if they had lowered it like they have when they try to fix the problem, they could have avoided the problem and avoided all the foreclosures.
Ann
Sue for what? For enforcing the contract that you agreed to? When times were good did you call the bank and insist on paying more interest? If not, then why would the bank be required to do the opposite when times are hard?
Norman
you spent 20 years paying for a home…..rather than buying a bigger and better home you sucked out the equity…..didn’t pay it back and lost the house….i bailed the bank out …BECAUSE YOU WON”T PAY THEM….NOW I OWN YOUR HOME AND NOBODY WANTS TO BUY IT….SO STOP WHINING AND BUY IT BACK AT A CHEAPER PRICE NOW YOU ARE BACK TO WHERE YOU STARTED….AND ON NEXT YEARS TAXES BARAK GIVES YOU 8 THOUSAND DOLLARS…problem solved…….it’s that simple