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About jmw1212

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  1. Ok two years ago I lent my company (an LLC) $20,000) The loan was booked into our computer, but the company could not afford to repay the debt. Meanwhile, I took the hit by paying penalties and interest for taking it out early. Well we had to close the company back a year ago. Now this week our closed company finally received some money to pay it back to me. Problem is I need to be able to turn it to cash. I could just write a check to me to pay it back (being it was a loan,) but I know that amount will cause the bank to write to the IRS and I don't think it's fair to have to pay taxes on this
  2. I don't recall if there was an attorney, it was a refinance by lender "your best rate financial llc", Atlanta what company was she with and why did she go to prison?
  3. When I signed the note it was through a different company that sells mortgages, they sold it to national city, then national city merged with PNC who is now the servicer, the investor is fanne mae. Now PNC is foreclosing and I don't understand why these banks don't have to prove they have the blue ink original. I'm not saying I didn't sign the note, but why they don't have to produce it. It would be like selling a car with a copy of the title, you can't do that. I just don't understand why the law allows the banks to foreclose without that original in hand. By the way I am just trying to save
  4. Why is it ok for a bank to foreclose on your home without the note, but you can't sell your car without a title? Isn't that the same thing? If a bank can't "produce the note" of your mortgage because it was lost, shouldn't they have to prove they are the legit owners of the note? Why is it ok for a bank to legally foreclose on a home with a "copy" of a note, when you can't even purchase a car without an original title? What is wrong with this picture and what should be done about fixing it fast!
  5. After reviewing this non for profit website located in GA: (you will have to add the www as I cannot post links) I have a few questions as we are in active foreclosure and the HAMP mod reapplication process. I just reviewed the papers that were filed with the court to get relief from our auto stay and they show copies of the original mortgage Co. that we applied for the loan through, but no documents whatsoever that show them selling my mortgage to National City, the only docs they included were a merger with PNC. Does that sound legit? or should I hire a
  6. I know as one of my best friends sisters just lost her home. This past week the sheriff came and they threw everything out onto the street. She was able to move it all into storage and is now at a friends place but she faught until it was too late. I don't want that to happen to us. It's so sad. That's the second friend in the last few years that happened to. I am so close if we don't get a loan mod. What a mess:(
  7. I am not sure what to do right now, we are still fighting to save this home. I am now in foreclosure and still in the application process for HAMP, It's crazy. There are not many rentals here so I am hoping if we end up loosing our home we can get a lease to own or rent to own. I don't want to commit on something that doesn't work for us though. There is not much to choose from here:(
  8. :cry:Foreclosure process started while we are in yet another modification review..Yet I still planted flowers this year, hoping they would bloom, still planted seeds hoping they would grow and still pray each day they will work with us. It's all I have left. At the end of the day, we have only each other and our family. So if we loose our home, I guess the flowers will die and the seeds will rot as the bank will not water them:( They will just wait for the day they can throw our precious memories onto the street. Perhaps though, I have good neighbors and would try my best to find a place to m
  9. Thanks well as far as my score it's currently 630 and I haven't been discharged yet and have no new credit. How long do you have to pay PMI? Do you have to pay it with FHA even if you have 20% down? I know PMI can be expensive. Thanks again
  10. Yes PNC is my bank. I've already filed my complaint to the OCC, still waiting for PNC to respond. Also filed a complaint with and PNC responded by saying they need more time. Yeah, so they can finish foreclosing on my home first. I think it's time to bring in the big dogs, a whistleblower alert. Maybe a call to Clark Howard here in GA. What do you think? I had a fanny mae loan and was told by PNC that I could apply for HAMP. Yet, I have NEVER spoke to my "single point of contact" Ever. I leave messages, but they never call back and I always have to speak to someone else. It
  11. Meanwhile, I am still trying to get the HAMP mod approved. I just reapplied (after a year of back and forth and finally a denial based on reasons that were against the regulations of HAMP. One being in bk7 and the other as to not reaffirming our loan. Neither are suppose to be an issue according to HAMP mods. I just found this on their website (see below). I just spoke to someone today and they claim that they can continue to foreclose while I am being evaluated for HAMP, looks like that is also against the regulations of HAMP, along with a few other things. I've already reported them to th
  12. Rock Daddy, Thank you, that's what I was hoping to hear. I have already approached a seller on one, but waiting to hear if they are interested. Your thoughts were exactly mine, but we will have to see if anyone is willing to let us even rent with our credit in such bad shape. The good thing is I did print out our "perfect" credit reports a week before filing bk and making any late payments so I have "proof" of our long term good payment history. Hope that helps something later for us. I thought it would be a good idea at the time. Not sure if it means anything to a creditor or a landlord thoug
  13. What are our chances of ever qualifying again for a mortgage, after BK and FC?..long I am posting this here as well as the mortgage forum as I think you both can help. Sorry so long: Ok we have a pretty grim situation. Rewind back 28 years, 18 years old bought my first car with my Dad co-signing. Then a year later sold it and my credit enabled me to buy another without a co-signer. Years would go by and I would continue to buy and sell cars, property never making any late payments. Several cc's with perfect credit. 780 beacon...Fast forward to 1998. Built my second home, and some property. A