Saturday, December 5, 2009

DON'T LET WELLS FARGO BANK TAKE YOUR HOME

If you are a homeowner and your property is in default because of late payments, fight for your rights, protect your family members and try as much as possible to prevent foreclosure.
Here are some information points that might be able to help you:
The Obama administration announced yesterday that will push mortgage companies to comply with the loan modification program to help homeowners staying in their homes.
Banks like Wells Frago Bank and Bank of America are not complying with program and are still taking homes away from distressed homeowners and pushing inocent children to the streets.
This powerful corporations are commiting "crime after crime and are going unpunished"
These banks are the ones who were setting the rules to borrow easy money to anyone, taking advantage of those borrowers with no knowledge in loans, providing loans with high interest rates and not fixed mortgage loans and when the interest went up, their monthly mortgage payments went up, some times more than $1,000 per month, making it impossible for borrowers to keep up with the new payments, then the Bank foreclosured on their properties taking away that property and owning again the same property to re-sale it again.
But the home is sold a bank that belongs to the sme bank, just another bank name.
Originaly the home value was inflated by the bank so you qualify to lend you a lot of money, then the borrower can not pay the home, so the bank take it away from the borrower after damaging borrower's credit, then the bank sells the home to its relative bank to make it legal
if the home was valued in $5000,000, Wells Fargo Bank foreclosure and sells it for $260,000
to its own bank after rejecting all kind of modification requests by the qualified borrower and avoiding to comply with the Obama's law signed on May 20, 2009.
I am sorry I got out of the subject, I was going to provide you with hints on how to avoid foreclosure and prevent what happened to me this month but I got so upset with these criminal corporatioons that I am not able to think properly, I just think in THOSE CRIMINALS TAKING MY HOME BUT I WILL SPEND THE REST OF MY LIFE MAKING SURE THAT JUSTICE IS DONE and will help others to fight for what belongs to them.
I will write some other time when I feel better so I can provide you with more helpful information. meanwhile go to www.makinghomeaffordable.gov

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