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Sunday, April 08, 2018

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Edwin Bell

I agree with the data provided with some exceptions. The National Mortgage Settlement Agreement (HAMP) provided a means to stay in your home and rework your financing. Unfortunately, the HAMP program was the most discriminatory act to come out of the settlement. Most homeowners were preyed upon by the servicer and crooked attorneys. Most were instructed to STOP making payments...this is a story told thousands of times....once you stop making payments, instead of providing assistance they immediately begin a foreclosure unbeknownst to the homeowner.
Mortgage servicers are still damaging homeowner today ...regardless of what happened in the past. There is more money to be earned foreclosing on homes then servicing the customers. Therefore, foreclosure is the optimum goal because that's where the MONEY is found. Until servicers are charged with felonies and thrown in jail we will never see an end to this behavior.

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