The only forgotten good guy in this story is the truth.

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If you are one of the people still making payments on a loan deeply underwater, we have not forgotten you. The media has and so have the politicians. They adopt the Bank spin that it isn’t fair to address the issues of non-paying debtors because it is gives them an unfair advantage over those who are paying (allegedly the good guys). But the truth, as one of our volunteers so eloquently states below is that what we seek is a correction that would provide relief. We use the word correction because it addresses everyone whether they are paying on a bogus loan or not. And we want that correction to apply to everyone who was defrauded. Splitting the people who choose to continue to pay from the people who refuse or can’t pay is a tactical maneuver. We should not fall into that trap.

Here is the response to one reader that was drafted entirely by one of our volunteers:

You raise an excellent point and it is one that I know Neil is working on.  It was one of the motivations behind him creating a new endeavor:  www.AmericanHomeownersCoop.com <http://www.AmericanHomeownersCoop.com/>     (AHC)

The AHC website is still under construction but you can go there and look around.  We’ve still got a lot of information to put on the site and it’s still being beta tested, but once it’s functional we’ll make the announcements.  The goal is to provide information to ALL homeowners on many fronts.

In the meantime, I have forwarded your email to Neil for him to consider addressing in his blog.  Your suggestion is excellent.

As a point in passing, we are curious by the subject line in your email “The forgotten good guys”.  We don’t understand what you mean by that?  Who are you thinking are the forgotten good guys?  And who are you thinking would be the not forgotten bad guys?  On first read I had thought you meant the pretender lenders versus homeowners but it’s confusing because in the body of your email you ask Neil to write about homeowners who are not yet in foreclosure.  Do you believe there is a difference between those homeowners who are already in foreclosure, maybe even evicted and those who are not?

I sincerely hope not because if you do believe this, then (with all due respect) you do not understand what is happening and until you do, you will lose.

We are all on the Titanic, Rick.

It rocks one to the depths of their core, knocks the wind right out of them the day one realizes not just that they were screwed over, I mean purposely screwed over, but that they are in the exact same situation as everyone else who has already lost their home and everyone who will lose their home.

No one in this country is exempt from the impact of the greatest financial crime in the history of the world.  It’s a great equalizer.  They purposely did this to all of us.  And you know what, whatever happened in your situation, it’s not your fault.  No matter what you did or didn’t do.  It’s not your fault.  No matter what happened to me in my situation is not my fault.  Whatever happened in the situation of the poor immigrant couple who can’t speak English, is not their fault, and it’s not the fault of any of the other millions of homeowners who got a mortgage starting about year 2000 forward to today.  They did nothing wrong.  Don’t blame the victim.  Put the blame where it belongs.  On the rapist.

Wall Street engineered a crime so complex, that most people, lawyers and judges included, do not have a clue what actually happened.  That’s one of the reasons why it’s so hard to fight.  And through it all, Wall Street counted on that.  They counted on the fact that we first wouldn’t believe it, then we would blame ourselves—after all, only Irresponsible homeowners lose their homes, right?—there’s SO much shame attached to losing one’s home.  

We in this country live with images of success and affluence.  To lose that can be devastating and isolating.  No one wants to talk about it.  I know I didn’t.  I was so embarrassed, so ashamed that this happened to me.  I stopped seeing friends.  I became much more reclusive.  I also got very ill because of the stress.  It affected everything.  But I got educated, slowly I began to learn what they had done to me, to you, to the immigrants who can’t speak English and now I’m pissed.  They lied.  They are trying to steal my property, your property, everyone’s property and I’m fighting them tooth and nail.  They will NOT get my property.  The only bad guys here are Wall Street and the pretender lenders.  The only forgotten good guy in this story is the truth.

Tags: bankruptcy, borrower, countrywide, disclosure, foreclosure, foreclosure defense, foreclosure offense, foreclosures, fraud, LOAN MODIFICATION, modification, quiet title, rescission, RESPA, securitization, TILA audit, trustee, WEISBAND
Posted in bubble, Corruption, Eviction, securities fraud |