need to add title here

The next housing shock

April 3, 2011 5:00 PM

As more and more Americans face mortgage foreclosure, banks' crucial ownership documents for the properties are often unclear and are sometimes even bogus, a condition that's causing lawsuits and hampering an already weak housing market. Scott Pelley reports.

Mortgage paperwork mess: the next housing shock?

60 Minutes OverTimeMortgage mess: Who really owns your mortgage?

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by PHHVICTIMTOO June 14, 2013 11:19 PM EDT
Hello, I have been going through a rough time with PHH for 2 years. They damage my money orders send them back , try to install late charges, and blame the United States Post Office for the money orders being damaged. I photo copy the money orders when they send them back to me.., always the same V- cut on the money order. I have gone round and round with them they outright refuse to go to the head office where the money orders are opened and check to see if it may be one of there machines doing the damage. I went to the extent of putting mailing tape over my evelopes to see if this would stop the money order cutting problem...I have been in tears with them and horribly angry with them. It never ends..today they contacted me by phone stating they never got my June payment... I sent that off to them June 6th...it never ends. I opened this account in 2000 with Cendant Mortgage and have never been late on a payment. I have had nothing but trouble since PHH took over. I have a first time homeowners loan so this means that PHH is guanteed if I should fail.. I feel PHH is purposly trying to default me. I contacted the BBB of New Jersey and made a complaint about the money order cutting ordeal and I have heard once you do this they really have it in for you ...so here is there next step, acting like they never got June's payment! I refuse to put the money in a bank account and pay them that way because I have heard horror stories of that as well. What is my next step? Cant anything legal be done against this company? I have heard of numerous stories of people trying to fight them legally with lawyers with no luck. Can we put this on the 60 min. show or that show that used to be on to embarass companies? What is happening to the justice we used to have in this country? This company needs some exposure and help for people affected by them!!!
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by homeless2 August 29, 2012 4:42 AM EDT
If any one is interested in following our case. we are a wide open book. 24 7. walk with us as we try with yet another lawyer who wants money right up front and our case is with a long list of others as a group. This suit deals with recontrust BOA Country wide and much more. Watch as we get lied to, our money taken,no help, no answers, total run around and no notices etc.. etc... And for the finali.... Haaahaaa Evicted. The actual being kicked to the curb. Loosing everything we own.On the streets homeless scared and alone with a bird. Have no family and no where to go. Homeless shelters will not take my bird. and she is my best friend and all Ive got in this whole world.And Im all she has. Had her for 15 years. I rent a room in this house. and have disabilitys. often faint and go into convulsions being one of them. which really makes it hard for me to work. All though I want to.
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by homeless2 August 29, 2012 4:07 AM EDT
This is one huge big mess. In our nightmare journey.... Even the Lawyers Have been fradulent to the point of charging thousands of dollars then the phone is disconected and no where to be found. Or charging thousands of dollars upfront to do absolutly nothing up to the very last day before your house gets sold. Already talking with the bank BOA qualifing for a modification. Being told it stops the forclosure. To, with out notice, receiving a notice on the front door that our house has be forclosed. SOLD...And sold to the very Bank that is helping with the modification loan that I qualify for that suposedly summited all the paper work and put a stop on the forclosure. Huh? Have two weeks to pack up and go. With no where to go. I will be officialy homeless with my bird. Im scared and pissed. Cant trust one single person regarding this. And isnt it true that recon trust isnt even leagal here in california ? Or has Bank of america's lawyers got loop holes for this too?
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by father_of_6 June 19, 2012 2:08 AM EDT
YOU WILL NOT BELIEVE THIS.
I hope someone reads this and can do something about this fraud. I don't want anyone to go though what me and my family went through as we lost our home to foreclosure putting our family with 6 kids out on the street.

I was one that was told that I was approved for a modification and promised by my bank that they would modify my home loan and then pulled the rug out from under my feet. Keep in mind that I had close to $110k in equity still in my home when they pulled and pulled hard on that rug.

To make a long story short they drug out my modification as the auction date got closer and closer and then the day before the auction the person at the bank told me to not worry about the auction date because they would call and postpone it. Well they didnt. They did just the opposite. I had a friend suggest that I should up at the auction on the court building front steps and to bring all my modification paper work, which I did and to ask the auctioneer to see if my home was listed to sell which I did and it was listed. My friend told me that I could ask the auctioneer to call the bank and ask for my home sale to be postponed giving them the time to work out our modification.

Well guess what... I showed up to the auction with paperwork in hand and like the advise I was given I asked the auctioneer to please call the bank. The gentleman was very kind and told me that if I had the paperwork in hand that he had done this before and that bank will postpone your auction. So he placed the phone call and turned to me and said that my bank told him that they were not interested in working out a loan mod with me and instructed him to go ahead and sell our home. Do you have any idea how it feels to watch your family home of 7 years be auctioned off to someone you dont know. The part that make me most upset is that the bank had a mortgage person solicite me for a stupid refinance loan I didn't need nor want a year prior to end up having them kick me and my children out of our home while they take the equity in our home.. Then to as insult to injory I ended up having to hand over my keys to our home on my birthday. What is the world coming to..
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by hilbillyo1 March 30, 2012 12:00 AM EDT
Hello, I don't know if you can help me or not so why not try!!!!!I make my mortgage payments with money grams ....My mortgage is serviced by OCWEN LLC ...It seems to me to be held by:::The Bank of New York Mellon , as Indenture Trustee for the registered holders of ABFS Mortgage Loan Trust 2002 - 2003!!!! I have a ACT6 on me at this moment,I'm a 70% Disabled American Veteran..Ocwen has forced me to invest in insurance,They put them into acction,I had no choice,they even wanted acidental life and others I can't remeber.. What do I do nobody seems to care about anyone INCLUDING DISABLED VETERANS...I need help please contact me for guidence thank you I can be reached hilbillyo1@windstream.net please it might all ready be to late. SEMPER FI Lcpl Keith Kindle US MARINE CORPS
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by violinsensei March 13, 2012 10:55 PM EDT
This is madness. Put my violin students back where you found them, you gold diggers. I wasn't done teaching those children. Stop selling our neighborhoods off to more speculators.
Do you think for one minute that if you kick families out of their homes they will stop voting?
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by thomasnow March 10, 2012 3:42 PM EST
"Action A.S.A.P. is the only way to resolve this!"

"All American Homeowners, especially Veterans, who have come forward, are NOW entitled to full restitution; including but not limited to damages, either their homes back to them with Quite Title and/or replacement homes with Quite Title, and/or a cash settlement A.S.A.P. back to them, from all the banks who were bailed out by the American People, and all title companies, especially LPS Title Company - NV, as featured in this 60 Minute segment, and who have full insurance to pay back The American Homeowners for this despicable, unjust, unlawful ACT against The American People, and Her Veterans!"

Title Policy Coverage (Standard)
1. Someone else owns an interest in your title.
2. A document is not properly signed.
3. Forgery, fraud, duress, incompetency.
4. Defective recording of a document.
5. Unmarketable title.

Thomas Jefferson said in 1802:
"I believe that banking institutions are more dangerous to our liberties than standing armies.
If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around the banks will deprive the people of all property - until their children wake-up homeless on the continent their fathers conquered."

Thomas Jefferson

"To The American People and All HER Veterans"

"In GOD WE TRUST,"

Thomas Lenner

http://www.cbsnews.com/video/watch/?id=7361572n

http://www.msnbc.msn.com/id/21134540/vp/40923259
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by rod_fields December 26, 2011 6:01 PM EST
I spent my life in the mortgage banking starting in the late 60's when lending was very tradional, when Freddie Mac and FNMA started operations and revolutionized the industry in the way we lend our money to homebuyers I was in the industry as the savings and loan industry collapsed due to factors I never thought would affect me but I was left with no career and had to reinvent myself to survive, I watched as the banking industry bullied our government to close the S&L industry thus eliminating the one competitor they had. It now seems as rather small in the big picture as the banks have managed to mishandle the currrent market when there were resolutions available all of which they ignored, the subprime market was unregulated and the banks bought into the programs to further the demise of the housing market and the one investment that most Americans relied upon for their future, millions are walking away from these home and have lost millions and the further decline that Wall Street made worse by buying selling these mortgages . It is criminal yet I don't hear any prosecutions like there were in the S&L debacle, yet the amount of money lost is far beyond on all of the losses of the 80's , the recovery was rather quick and by the late eighties the real estate market was better then ever. The banks need to bite the bullet and get people back into their homes and they would help themselves by stemming the losses that will go on now for the next 8-10 years , it needs to be addressed, yet all I hear is blame, but the people who perpetrated this are not being held accountable and most of them have benefitted far beyond a reasonable amount and were rewarded for their criminal activities far beyond holding up and robbing a bank they particiapated from the inside.When does government which has proven time and time again they don't know what to do or how to resolve this issue, it is resolvable.
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by OpenGovernmentNH December 21, 2011 8:45 AM EST
I am from Cleveland and went home to law school there 20 years ago.... this just burns me up, so as someone with a title insurance background I make movies about it. Check this one:

notorious robo signer Bethany Hood, law firm busted on camera:
http://www.youtube.com/watch?v=SDwQeJp38CI
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by benherrera December 19, 2011 1:07 AM EST
Hello..I'm looking for help with notary fraud. Any helpful advise,service,
information on how to proceed, or state and government agencies to contact would be very appreciated. Please email information to benherrera50@yahoo.com
Thank you
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