luna

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About luna

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    somewhere in Michigan
  1. Last year I was told by my mortgage co that even though I'd been out of my house 2 years CW was reporting it was less than a year. I was told to check back in Jan and I could look for houses to get in on my husbands VA loan. Called today to find out that the laws have changed and if you have a FORECLOSURE on your record its now 3-5 years before you will qualify for a new mortgage. This really sucks! My hubby and I are now making good money and are SOL. I had no luck trying to remove CW from my reports before but I guess I'll try try somemore.
  2. I was told by my mortgage broker that a foreclosure has to be 2 years old before I can qualify for FHA. Which is why I'm stuck trying to get this mark REMOVED. Extenuating circumstances should include a settlement on behalf of CW but thats me. Guilty but not enough. Best of luck.
  3. Did you dispute electronically or do it all with certified mail?
  4. Great advice~~ Just be sure to do this certified mail and not through the auto dispute the CRAs offer.
  5. A debt settlement company would be of no help in this instance and finding a good one - even the ones the govt recommends are crooked as far as I'm concerned. My foreclosure is with Countrywide. They have settled with states for a small monetary figure ( a mere pittance) and when I talked to the AG about why is the removal of this from the CRs not included I was told that CW is adament that it stays because it did happen. Well of course it happened - hence the settlement. I just can't wrap my head around this one and was hoping someone would offer some advice on where to begin. Needless to say I bought the book but it says nothing in this foreclosure arena.
  6. Would it be the same type of validation letter? It seems so basic - like a giant c.c. debt but its not Just not sure how to properly proceed. I've done this before with luck. Just not with a mortgage.... **sweat Please provide me with the following: What the money you say I owe is for; Explain and show me how you calculated what you say I owe; Provide me with copies of any papers that show I agreed to pay what you say I owe; Provide a verification or copy of any judgment if applicable; Prove the Statute of Limitations has not expired on this account
  7. So Countrywide verified with the 3 Credit Bureaus of a foreclosure that is just over 2 years old. Is it possible for me to ask CW to remove this listing if they can't produce the proper documents?
  8. luna

    it's just a job

    I agree - it is just a job. Gone are the days where you worked for one company til the day you retire. You'll have several jobs in your lifetime and trust me. From someone who has to deal wtih Napolean type egos, you're right. Go to work, do your job, punch out and leave it there. Jobs are not forever esp these days. Focus on the positive.
  9. Thank you for contacting the Attorney General's office. The details of the plan to provide payments to some Countrywide borrowers who lost their homes to foreclosure are still being worked out. At this point, I anticipate that those Michigan borrowers who will qualify will be getting something in the mail from the settlement administrator in the next two months. A number of states have joined in the settlement, and it takes time to coordinate the settlement disbursement process. Consequently, watch your mail in the coming months. If you have questions, please feel free to call me.
  10. Interesting article. I think it could quite easily be used to remove a foreclosure from your CR as well. ZEPHYRHILLS, Fla. – Kathy Lovelace lost her job and was about to lose her house, too. But then she made a seemingly simple request of the bank: Show me the original mortgage paperwork. And just like that, the foreclosure proceedings came to a standstill. During the real estate frenzy of the past decade, mortgages were sold and resold, bundled into securities and peddled to investors. In many cases, the original note signed by the homeowner was lost, stored away in a distant warehouse or destroyed. Persuading a judge to compel production of hard-to-find or nonexistent documents can, at the very least, delay foreclosure, buying the homeowner some time and turning up the pressure on the lender to renegotiate the mortgage. "I'm going to hang on for dear life until they can prove to me it belongs to them," said Lovelace, a 50-year-old divorced mother who owns a $200,000 home in Zephyrhills, near Tampa. "I'll try everything I can because it's all I have left." More than 2.3 million homeowners faced foreclosure proceedings last year and millions more are in danger of losing their homes. On Wednesday, President Obama will unveil a plan to spend at least $50 billion to help homeowners fend off foreclosure. Chris Hoyer, a Tampa lawyer whose Consumer Warning Network Web site offers the free court documents Lovelace used to file her request, has played a major role in promoting the produce-the-note strategy. "Deutsch said the original note is almost always electronically retained and can eventually be found. Judges are often willing to accept electronic documentation. And lenders are sometimes allowed to produce other paperwork to establish they are the holder of a loan. Still, assembling such documents to a judge's satisfaction takes time, which to homeowners is the point. Lovelace filed her produce-the-note demand last fall after the bank acknowledged that her original mortgage document had been lost or destroyed. Since then, there has been no activity on the foreclosure — no letters from the lender, no court filings. The law firm handling the foreclosure for the lender refused to comment. A University of Iowa study last year suggested that companies servicing mortgages are often negligent when it comes to producing the documentation to support foreclosure. In the study of more than 1,700 bankruptcy cases stemming from home foreclosures, the original note was missing more than 40 percent of the time, and other pieces of required documentation also were routinely left out. The first big success of the produce-the-note movement came in 2007 when a federal judge in Cleveland threw out 14 foreclosures by Deutsche Bank National Trust Co. because the bank failed to produce the original notes. Michael Silver, a lawyer for two of the families in that case, said at least one eventually lost their home. Still, he considers that a success. "From the perspective of the person who's in the home, you may have kept them in the house another 10 or 12 months," he said. "If I can get a result with economic benefits to a client, then I think I won." Democratic Rep. Marcy Kaptur of Ohio endorsed the strategy in a fiery speech on the House floor during debate on the federal bank bailout last month. "Don't leave your home," she said. "Because you know what? When those companies say they have your mortgage, unless you have a lawyer that can put his or her finger on that mortgage, you don't have that mortgage, and you are going to find they can't find the paper up there on Wall Street." April Charney, head of foreclosure defense for Jacksonville Area Legal Aid in Florida, said the strategy has been so successful for her that she now travels around the country to train other lawyers in how to use it. She said she has gotten cases delayed for years by demanding that lenders produce paperwork they cannot find. "This is an army of lawyers getting out there to stop foreclosures so we can get to the serious business of creating solutions," Charney said. "Nothing good is going to happen as long as we continue to bleed homeowners." ___ On the Net: Consumer Warning Network: http://www.consumerwarningnetwork.com American Securitization Forum: http://www.americansecuritization.com
  11. There's got to be one helpful soul who's been to the tax man this year? C'mon help a girl out. Unles the foreclosure crisis isn't as bad as they say ~bump
  12. So my house into foreclosure last year and now that its tax time I'm clueless to what will happen. I'm hoping with everyone thats dealt with this that I can get some advice. I did get some paperwork from CW stating the balance that was due and the fair market value of the property (which is a joke). I know that there was a ruling passed that my loss won't be seen as income but I have no idea what other penalties etc I face.
  13. Thanks for the link -- very helpful. "If you have already been through foreclosure proceedings, then you may qualify for compensation under the terms of the agreement. In particular, the agreement provides certain compensation amounts for those who qualify under the terms and have already been through proceedings may qualify for payments based upon a pool of compensation provided by Countrywide to the states (Attorney General offices expect to contact eligible individuals before the end of the year - you should contact your Attorney General’s office to determine the exact structure of this compensation.) Although the loan modification offers will be applied nation wide, this compensation is only available to homeowners in states which participated in the settlement agreement which include California, Texas, Connecticut, Florida, Illinois, Iowa, Michigan, North Carolina, Ohio, Arizona and Washington." However the AG still hasn't a damn clue. Contact before the end of the year? Maybe they meant 09.
  14. I've been pursuing this since Nov. Was told to wait til Dec 1 when CW would begin contacting people about retaining their homes, reimbursing moving expenses for those in foreclosure and moneys to those who lost their homes already. I waited til Jan 1 - contacted CW and no one had a damn idea about a thing. Called the AG office back - they don't have a clue either. Called the AG office again this week and was told that the process is not going as smoothley as CW thought it would and they are still in deliberations?? How can there be a settlement and then they don't do anything? Now granted the $2000 doesn't even begin to cover what I've lost in my home but it sure would come in handy right now if I'm due it. 800-669-0102 800-669-6607 were the new numbers I was given. Honestly they're probably the same ones I already called. I mean not a single person had any idea what I was talking about. Anyone have any new info?
  15. Just got my letter in the mail from Bank of America. I have a card with a $1500 balance left (after snow-balling) and they've shut me down. The balance to be repaid of course but just like that. Now all I have left is Cap 1 and I SHUDDER to see what come from them.