Comments on: Foreclosure Freeze By Citibank, Wells Fargo, Bank of America & Chase http://homesection.com/2009/02/14/foreclosure-freeze-by-citibank-bofa-wells-chase/ Just another realestatetomato.net weblog Mon, 15 Feb 2010 06:18:01 -0800 http://wordpress.org/?v=2.8.4 hourly 1 By: Foreclosure http://homesection.com/2009/02/14/foreclosure-freeze-by-citibank-bofa-wells-chase/comment-page-1/#comment-2353 Foreclosure Wed, 02 Dec 2009 22:03:10 +0000 http://homesection.com/?p=1456#comment-2353 Generally I do not post on blogs, but I would like to say that this post really forced me to do so! really nice post,and very informative. Generally I do not post on blogs, but I would like to say that this post really forced me to do so! really nice post,and very informative.

]]> By: Rod Herman http://homesection.com/2009/02/14/foreclosure-freeze-by-citibank-bofa-wells-chase/comment-page-1/#comment-43 Rod Herman Tue, 17 Feb 2009 04:56:57 +0000 http://homesection.com/?p=1456#comment-43 Unfortunately, while banks have talked a lot in the press and before Congress about supporting loan modifications and other foreclosure prevention efforts, in many cases it's amounted to nothing more than lip service. I would share your story with your Congressmen in hopes that they'll carry your torch as they try to correct our nation's ills. They really need to hear first-hand from those who are caught in the crosshairs of the banking industry's unwillingness to make decisions based on common sense and sound reason. Have you talked to the <em>real</em> decision-makers at Wells? Often, the borrower ends up speaking only to an entry-level staffer who has no authority to think outside the box nor the ability to understand anything presented in black-and-white, even if it makes perfect sense. I wouldn't give up. If you really have a case that feels like a no-brainer, keep pursuing it with Wells and escalate it all the way up to the Chairman of the Board if you have to. Best of luck, David. I'll be anxious to hear if you have any success. And thanks for reading & commenting... - Rod Unfortunately, while banks have talked a lot in the press and before Congress about supporting loan modifications and other foreclosure prevention efforts, in many cases it’s amounted to nothing more than lip service. I would share your story with your Congressmen in hopes that they’ll carry your torch as they try to correct our nation’s ills. They really need to hear first-hand from those who are caught in the crosshairs of the banking industry’s unwillingness to make decisions based on common sense and sound reason.

Have you talked to the real decision-makers at Wells? Often, the borrower ends up speaking only to an entry-level staffer who has no authority to think outside the box nor the ability to understand anything presented in black-and-white, even if it makes perfect sense.

I wouldn’t give up. If you really have a case that feels like a no-brainer, keep pursuing it with Wells and escalate it all the way up to the Chairman of the Board if you have to.

Best of luck, David. I’ll be anxious to hear if you have any success.

And thanks for reading & commenting…

- Rod

]]> By: DAVID MORGAN http://homesection.com/2009/02/14/foreclosure-freeze-by-citibank-bofa-wells-chase/comment-page-1/#comment-41 DAVID MORGAN Mon, 16 Feb 2009 19:19:19 +0000 http://homesection.com/?p=1456#comment-41 WE'VE ATTEMPTED TO WORK OUT ANYTHING WITH LIME FINANCIAL, WHILESHIRE, AND NOW WELLS FARGO BANK BUT NO ONE WILL WORK WITH US. WE COULD PAY BETWEEN $400,000.00 TO $500,000.00 AT 3 OR 4% INTEREST. I AM A COMMERCIAL REAL ESTATE AGENT THAT HAD MORE THAN ENOUGH MONEY TO PURCHASE MY HOME BUT THERE WAS NO WAY FOR ME TO SEE THE HOUSING COLLAPSE. WE FEEL AS THOUGH ALL THE WORK WE'VE DONE FOR 36 YEARS HAS BEEN FOR NOTHING. WE HAD RETIREMENT, LAND AND A SAVINGS AND NOW I'M WORKING 3 JOBS TO SURVIVE. WE CAN DO IT IF WELLS FARGO WOULD JUST RELENT AND WOULD HELP FAMILYS INSTEAD OF WANTING TO SELL OUR HOME TO SOMEONE ELSE. IF THEY WOULD DO THIS THEN FAMILYS THAT CAN PURCHASE HOMES WOULD BUY NEW HOMES AND LEAVE FORECLOSURES ALONE. THEN AND ONLY THEN WILL YOU SEE MONEY FLOWING THROUGH THIS ECONOMY AGAIN. AT LEAST IT'S A START. PLEASE HELP SAVE EVERYONES HOME THAT IS STILL OWNER OCUPIED. SINCERELY, DAVID MORGAN WE’VE ATTEMPTED TO WORK OUT ANYTHING WITH LIME FINANCIAL, WHILESHIRE, AND NOW WELLS FARGO BANK BUT NO ONE WILL WORK WITH US. WE COULD PAY BETWEEN $400,000.00 TO $500,000.00 AT 3 OR 4% INTEREST. I AM A COMMERCIAL REAL ESTATE AGENT THAT HAD MORE THAN ENOUGH MONEY TO PURCHASE MY HOME BUT THERE WAS NO WAY FOR ME TO SEE THE HOUSING COLLAPSE. WE FEEL AS THOUGH ALL THE WORK WE’VE DONE FOR 36 YEARS HAS BEEN FOR NOTHING. WE HAD RETIREMENT, LAND AND A SAVINGS AND NOW I’M WORKING 3 JOBS TO SURVIVE. WE CAN DO IT IF WELLS FARGO WOULD JUST RELENT AND WOULD HELP FAMILYS INSTEAD OF WANTING TO SELL OUR HOME TO SOMEONE ELSE. IF THEY WOULD DO THIS THEN FAMILYS THAT CAN PURCHASE HOMES WOULD BUY NEW HOMES AND LEAVE FORECLOSURES ALONE. THEN AND ONLY THEN WILL YOU SEE MONEY FLOWING THROUGH THIS ECONOMY AGAIN. AT LEAST IT’S A START. PLEASE HELP SAVE EVERYONES HOME THAT IS STILL OWNER OCUPIED.

SINCERELY,

DAVID MORGAN

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