Think about it
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He acts like he gives a sht but then he passed a law right when he got into office to screw homeowners. He created the fake modification program that so far less than 1% of those who qualify and apply for have achieved just for show. The rest basically get put in the program and each month their principal goes up by the amount of their mortgage payment, they get kicked out of the program (like I did even though I qualify). The mortgage company gets a big monetary compensation from the government upfront for pupping their borrowers into the program (they wouldn't stop calling me until I agreed to go on it and was current on my mortgage at the time). Then they give you a fake lower payment to pay all the while adding your real mortgage payment onto the principal. Then a year later (or depending on how much you complain when they'll finalize the terms) they kick out the borrower, and now they have a huge amount of mortgage the borrower owes and on top of it they go into automatic foreclosure (as happened to me) because all the discounted payments are now considered not paid in full (they drag it long enough so you can't pay the backpayment lump sum amount pretending it's only for 3 months to trap you in then take over a year). But wait there's more money for them to make. Then they house goes into foreclosure and sold at auction and then sold to a new person and whatever amount it sells below the inflated mortgage balance the friggin government reimburses them!! That last part I just found out about, the rest I had learned through experience going through it and talking to dozens of others on various forums online going through the same scam.
So, do you think it's right for Obama to pay mortgage companies to put homes into foreclosure, to pay the difference of the amount sold vs. mortgage balance instead of them righting off a loss like everyone else who owns a business and takes on a risk does? I would never have gone into a foreclosure (had paid on time for past 9 years) had my mortgage company (Bank of America) not called me every night from June to October last year begging me to go into a modification, why wouldn't I want lower payments etc. and exactly one year later (next Wed.) my house is being auctioned off Nice scam! Just thought I'd let those in the dark about the details of the so-called "Making Home Affordable" scam which Obama used to be in the commercials himself last year telling innocent homeowners to do, is all about. Is he the most corrupt man in the universe? In my opinion, yes he is!
AND let's not forget he gave banks such as Citi Mortgage and Bank of America hundreds of billions of dollars most of it to compensate them for any loss they may have by reducing borrower's payments for the modification yet they have only approved .06% of modifications (like I said just for show to say they have done modifications) and have pocketed the money. B of A after a lot of pressure returned some of the money but they are still doing the scam luring borrowers to be on a modification to get payments from the gov then kicking them out and yes I have hired an attorney but I hear it's hopeless going against their big lawyers. We'll see.
Sean - thanks for posting a link to that great article. My heart was pounding with anger reading Obama's coward lie filled soiciopathic cold hearted comments. The article flat out states that the HAMP (Home Affordable MOdification Program) Obama put into place instead of preventing foreclosure, is putting homeowners INTO foreclosure. My lawyer was going to serve the lender on the court steps next weeks to stop the auction but I say fruk it at this point let them do it then I'll have a bigger lawsuit against them, I'm tired of being wronged by my own government. I sent Obama a letter a few months ago spilling my guts and expressing my frustration and got the biggest BS response I want to create a website just to post. That man has to be voted out, he is ruining this country.
So, do you think it's right for Obama to pay mortgage companies to put homes into foreclosure, to pay the difference of the amount sold vs. mortgage balance instead of them righting off a loss like everyone else who owns a business and takes on a risk does? I would never have gone into a foreclosure (had paid on time for past 9 years) had my mortgage company (Bank of America) not called me every night from June to October last year begging me to go into a modification, why wouldn't I want lower payments etc. and exactly one year later (next Wed.) my house is being auctioned off Nice scam! Just thought I'd let those in the dark about the details of the so-called "Making Home Affordable" scam which Obama used to be in the commercials himself last year telling innocent homeowners to do, is all about. Is he the most corrupt man in the universe? In my opinion, yes he is!
AND let's not forget he gave banks such as Citi Mortgage and Bank of America hundreds of billions of dollars most of it to compensate them for any loss they may have by reducing borrower's payments for the modification yet they have only approved .06% of modifications (like I said just for show to say they have done modifications) and have pocketed the money. B of A after a lot of pressure returned some of the money but they are still doing the scam luring borrowers to be on a modification to get payments from the gov then kicking them out and yes I have hired an attorney but I hear it's hopeless going against their big lawyers. We'll see.
Sean - thanks for posting a link to that great article. My heart was pounding with anger reading Obama's coward lie filled soiciopathic cold hearted comments. The article flat out states that the HAMP (Home Affordable MOdification Program) Obama put into place instead of preventing foreclosure, is putting homeowners INTO foreclosure. My lawyer was going to serve the lender on the court steps next weeks to stop the auction but I say fruk it at this point let them do it then I'll have a bigger lawsuit against them, I'm tired of being wronged by my own government. I sent Obama a letter a few months ago spilling my guts and expressing my frustration and got the biggest BS response I want to create a website just to post. That man has to be voted out, he is ruining this country.