National Mortgage Settlement

National Mortgage Settlement

Posted in the Lexington Forum

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lol

Georgetown, KY

#1 Mar 4, 2013
Anyone else fill out a claim form? I wonder when they are going to pay out and how much it will be. Said to be at least $840.00 and most likely more depending on how many in Ky filed a claim.
Daryl Davis

Salinas, CA

#2 Mar 5, 2013
I have, and according to the new info out there, it will be more than $840, but noone knows how much more, yet. Also the payment will not be until mid year.

If you were eligible for the National Mortgage Settlement, you may also have been eligible for the Independent Mortgage Review. But if you have not turned in you paperwork for that, you may still benefit from it.
lol

United States

#3 Mar 5, 2013
Colorado gets about $1500 each claimant to be disbursed by the end of May
Great

Louisville, KY

#4 Mar 6, 2013
This is a great idea, reward the idiots who bought houses they couldnt afford and who most likely falsified their applications. Makes me sick.
Typical

Louisville, KY

#5 Mar 6, 2013
Typical trash that you find on topix.
pathetic

United States

#6 Mar 6, 2013
Great wrote:
This is a great idea, reward the idiots who bought houses they couldnt afford and who most likely falsified their applications. Makes me sick.
You're clueless! The banks and mortgage companies were giving loans to people they knew couldn't afford these mortgages. Others could afford their mortgages and simply fell on a rough spot and the banks sped up foreclosure and wouldn't try working with them.
I bet you're one of those who slaves away everyday to give all your money to deadbeats right? Ever head of corporate welfare? You're all for that I bet!
pathetic

United States

#7 Mar 6, 2013
Typical wrote:
Typical trash that you find on topix.
Hello TRASH!!!!!
Sure

Louisville, KY

#8 Mar 6, 2013
Yea are you not smart enough to know when you can't afford something, and why if someones loses their job do we owe them
anything, get out and get another job, but no I am going to stay on unemployment and milk the government for all I can. What human trash
pathetic wrote:
<quoted text>
You're clueless! The banks and mortgage companies were giving loans to people they knew couldn't afford these mortgages. Others could afford their mortgages and simply fell on a rough spot and the banks sped up foreclosure and wouldn't try working with them.
I bet you're one of those who slaves away everyday to give all your money to deadbeats right? Ever head of corporate welfare? You're all for that I bet!
Iguess

Lexington, KY

#9 Mar 6, 2013
Great wrote:
This is a great idea, reward the idiots who bought houses they couldnt afford and who most likely falsified their applications. Makes me sick.
I guess you are one of those criminal bankers. Is your name JP Morgan by chance?
But then again, who is really the idiot? The people that bought something they could not afford it, OR the banks that gave the loans to people that could not afford it.
Greg

Louisville, KY

#10 Mar 6, 2013
Several issues are going on here, the government required banks to loan money to high risk low income people so they could afford the American dream of owning a house, the problem is those people are not responsible enough to make payments and keep a long term job. The second issue is fraud, lenders and buyers both here are responsible, buyers for agreeing to sign bogus loan papers and the lenders for not doing the due diligence to verify that these people were lying. As always the people who are responsble and pay their taxes and loan payments will foot the bill for these penalties.
Iguess wrote:
<quoted text>
I guess you are one of those criminal bankers. Is your name JP Morgan by chance?
But then again, who is really the idiot? The people that bought something they could not afford it, OR the banks that gave the loans to people that could not afford it.
However

Lexington, KY

#11 Mar 6, 2013
Greg wrote:
Several issues are going on here, the government required banks to loan money to high risk low income people so they could afford the American dream of owning a house, the problem is those people are not responsible enough to make payments and keep a long term job. The second issue is fraud, lenders and buyers both here are responsible, buyers for agreeing to sign bogus loan papers and the lenders for not doing the due diligence to verify that these people were lying. As always the people who are responsble and pay their taxes and loan payments will foot the bill for these penalties.
<quoted text>
Right! I agree. But, when you actually sit down and look at the cause and effect of this whole situation we find ourselves blaming either the banks, or the borrowers, which in some of the cases I agree. However, none of this would have ever been an issue if we did not have the Federal Reserve. This entity, coupled with the UN has single handedly destroyed our economy. Get rid of the Federal Reserve and base the American economic system off of something tangible other than empty promises and the military industrial complex, and we will be able to be a profitable country again.

As Andrew Jackson stated:

KILL THE BANK!!!!!!
Daryl Davis

Los Gatos, CA

#12 Mar 6, 2013
OK SURE,

First, you believe everyone who was given a mortgage could not afford it? How is that not like the Mafia giving loans out that they know people could not afford an then Breaking limbs later?
But, you also forget about the LARGE number of people who, when figuring out what could be afforded, had the numbers greatly misrepresented. This is my case. To make me accept the refinance, the broker had under cut the taxes to 10% of the actual tax bill. Imagine my shock when Countrywide informed me that I was seriously behind and had to come up with $3000 dollars and pay $1000 additional a month to catch up. Then when I tried to work with BofA, I only got the run around.

I am not an aberation. You sir, wish to believe that banks can do no wrong, so that you can sleep at night with BofA in your portfolio.

You will ofcourse ignore this post, but I can only hope a shred of it slips into the back of your brain, and haunt you when you sleep.

Good night.
pathetic

United States

#13 Mar 7, 2013
Daryl Davis wrote:
OK SURE,

First, you believe everyone who was given a mortgage could not afford it? How is that not like the Mafia giving loans out that they know people could not afford an then Breaking limbs later?
But, you also forget about the LARGE number of people who, when figuring out what could be afforded, had the numbers greatly misrepresented. This is my case. To make me accept the refinance, the broker had under cut the taxes to 10% of the actual tax bill. Imagine my shock when Countrywide informed me that I was seriously behind and had to come up with $3000 dollars and pay $1000 additional a month to catch up. Then when I tried to work with BofA, I only got the run around.

I am not an aberation. You sir, wish to believe that banks can do no wrong, so that you can sleep at night with BofA in your portfolio.

You will ofcourse ignore this post, but I can only hope a shred of it slips into the back of your brain, and haunt you when you sleep.

Good night.
Thank you!!!
pathetic

United States

#14 Mar 7, 2013
You know, rent can be higher than a mortgage payment. I owned an 1100 sq. ft. house. The payment was $455 monthly. I can't rent a house, hardly an apartment for that much. I have 2 kids and I didn't lie about anything. To keep the story short, where do I live???? It doesn't matter because you hate everyone and find fault for every situation!
However

Lexington, KY

#15 Mar 7, 2013
Yes, for some renting could be cheaper, think of all the maintenance costs that goes along with home ownership.

I was in a different situation, I saw what was coming and started early with the bank to work something out. Fortunately, I was able to catch on to the scam in the very beginning that the bank was trying to sucker me into. In the end, I just walked away from it and have not looked back since, one of the best decisions I have ever made. Strategic defaults work well if you are in the position to do so.
Really

Louisville, KY

#16 Mar 7, 2013
I seriously doubt that your real estate taxes are $1000 a year much less $3000 a year, so if you are so stupid to sign that paper work you deserve everything you got. Individuals who signed false financial documents so they could afford a house that was outside their purchasing power are the issue here.
Daryl Davis wrote:
OK SURE,
First, you believe everyone who was given a mortgage could not afford it? How is that not like the Mafia giving loans out that they know people could not afford an then Breaking limbs later?
But, you also forget about the LARGE number of people who, when figuring out what could be afforded, had the numbers greatly misrepresented. This is my case. To make me accept the refinance, the broker had under cut the taxes to 10% of the actual tax bill. Imagine my shock when Countrywide informed me that I was seriously behind and had to come up with $3000 dollars and pay $1000 additional a month to catch up. Then when I tried to work with BofA, I only got the run around.
I am not an aberation. You sir, wish to believe that banks can do no wrong, so that you can sleep at night with BofA in your portfolio.
You will ofcourse ignore this post, but I can only hope a shred of it slips into the back of your brain, and haunt you when you sleep.
Good night.
However

Lexington, KY

#17 Mar 7, 2013
Really wrote:
I seriously doubt that your real estate taxes are $1000 a year much less $3000 a year, so if you are so stupid to sign that paper work you deserve everything you got. Individuals who signed false financial documents so they could afford a house that was outside their purchasing power are the issue here.
<quoted text>
Allow me to interject here. When I was buying my house, I paid someone to handle that sort of thing for me. It is the people that I hired that were fudging the numbers, not me. I was naive at the time, yes. Just pointing out that in some cases it is the lawyers or the realtors that are lying just so they can get paid, then leaving the customer to clean up their mess after the fact.
pathetic

United States

#18 Mar 7, 2013
However wrote:
<quoted text>Allow me to interject here. When I was buying my house, I paid someone to handle that sort of thing for me. It is the people that I hired that were fudging the numbers, not me. I was naive at the time, yes. Just pointing out that in some cases it is the lawyers or the realtors that are lying just so they can get paid, then leaving the customer to clean up their mess after the fact.
You're wasting your time. Some just like to argue and see that only the borrower is to blame. Don't blame the banks. Don't blame those that lie to make a profit...... Not one of them, they are blameless.
Really

Louisville, KY

#19 Mar 7, 2013
The realtors have nothing to do with the numbers, and I highly doubt that the attorneys did either. The company that originated the mortgage(Bank or Mortgage Company) arranges all the financing
and controls all the numbers from the original paperwork till the loan closes. Maybe you did have an unscupulous person at the mortgage company or bank, but its up to you to double check all the numbers. One last thing, the attorney is paid for and represents the bank not you. Unless you hired an attorney, you were not represented by an attorney.
However wrote:
<quoted text>
Allow me to interject here. When I was buying my house, I paid someone to handle that sort of thing for me. It is the people that I hired that were fudging the numbers, not me. I was naive at the time, yes. Just pointing out that in some cases it is the lawyers or the realtors that are lying just so they can get paid, then leaving the customer to clean up their mess after the fact.
However

Lexington, KY

#20 Mar 7, 2013
Really wrote:
The realtors have nothing to do with the numbers, and I highly doubt that the attorneys did either. The company that originated the mortgage(Bank or Mortgage Company) arranges all the financing
and controls all the numbers from the original paperwork till the loan closes. Maybe you did have an unscupulous person at the mortgage company or bank, but its up to you to double check all the numbers. One last thing, the attorney is paid for and represents the bank not you. Unless you hired an attorney, you were not represented by an attorney.
<quoted text>
Then I just proved the point. The banks lied and gave me a loan I should not have had. I accept my portion of the responsibility, and I have paid for it, dearly. Now when will the banks do the same. But at the end of the day, the bank still wins. I am free and clear now, but the bank still won and always will, it is their house of cards. I just choose to no longer play that game, fool me once........

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