Archive

Archive for December, 2011

Have You Been the Victim of a Mortgage Modification Scam?

December 29, 2011 14 comments

We’ve heard an incredible number of stories about scams and fraudulent practices from those seeking our help. If you’ve been a victim of a mortgage modification scam we want to hear from you.

We are gathering information for our media and law enforcement contacts. It will also help to warn others not to be victimized by the same fraudulent companies.

Please post your story in the comments section of this post.

Patterns We’ve Noticed

December 26, 2011 8 comments

We’ve received thousands of calls and emails since the Primetime Nightline segment aired. Most everyone that has contacted us has experienced a job loss, illness, death in the family or other life changing hardships. We are honored that you have entrusted us and are doing our best to respond to everyone.

Another common pattern we have seen is that homeowners are being misled by their servicer into believing that they can not qualify for a modification if they are current on their mortgage. Servicers are telling homeowners to call back when they are 2 or 3 months behind. Others have reported that their servicer has told them they don’t qualify because they are not current on their mortgage. The truth is, you may be eligible for a Making Homes Affordable Modification in both of these situations but you do not need to be in default to be eligible.

Another common theme is that homeowners have sent their paperwork in numerous times only to be told by the servicer that it wasn’t received, wasn’t legible, was incomplete or not completed properly. Others have told us that the bank acknowledges receipt of their documents but then requests that they send an updated version.

We’ve heard from a large volume of homeowners who believed they were approved for a modification or thought they were being reviewed for one but received a foreclosure notice or auction date on their home. They all feel that they were misled by the servicer.

 

 

 

We’ve Been Overwhelmed by the Response From ABC Viewers!

December 20, 2011 2 comments

We started getting calls and emails before the Primetime Nightline segment even aired. We are very honored that so many of you have put your trust in us. We are doing our best to respond to all calls and emails. If you are waiting for a call back, please know we will be calling from a 508 exchange.

Also, please keep in mind that our first priority is to respond to those with auction dates pending. If you have an auction date please put that in the subject line of your email.

~ HSITrust Team

America’s Next TARP Model

December 19, 2011 1 comment

Your tax dollars at work for the banks. Why are the banks not helping homeowners?

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Stuck in the Byzantine Maze of Mortgage Modification?

December 18, 2011 1 comment

Modification blunders bedevil U.S. housing recovery

 

“If you get a minor traffic ticket, you get a right to an impartial hearing, but if you are applying for federal home saving assistance, the bank is judge, jury, and executioner,” said Joseph Sant, a lawyer at Staten Island Legal Services who helps defend homeowners facing foreclosure.

“These are institutions that have taken a huge amount of bailout money. There should be a level of responsibility to communities,” said Josh Zinner, an advocate with the Neighborhood Economic Development Advocacy Project in New York. “HAMP is far from perfect, but the biggest problem is servicers not doing their job.”

See the link at top of page to read the entire article.

Hoarders: The Big Banks and Bail Out Money

December 17, 2011 1 comment

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The Daily Show: The Forecloser – Don’t Miss This One!

December 14, 2011 1 comment

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