National Mortgage Settlement
Daryl Davis

Salinas, CA

#21 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>
I live in Southern California. My taxes on a $2100 payments were $468. It's the price to live in SoCal
curious

United States

#22 Mar 7, 2013
Couple things for the uniformed in this thread. No one is getting a dime from the govt in this matter. The money is coming from the banks that perpetuated the massive fraud on the public and govt. those banks were sued by several states.

And somehow I doubt an $840 check is going matter much to someone who lost their house

Secondly, whoever said they doubted property taxes could be $3000 has obviously never owned a house. Fayette county property taxes run from about 1% of the value of your house each year. The average house value in Lexington is about $150,000 which means annual taxes of $1500.
However

Lexington, KY

#23 Mar 7, 2013
curious wrote:
The money is coming from the banks that perpetuated the massive fraud on the public and govt.
Actually, at this point in the game, the money the banks have comes from the taxpayers. Those bailouts saw to that.
Really

Lexington, KY

#24 Mar 7, 2013
Hey idiot who do you think is going to pay for the bank penalties that are being paid to those who committed the fraud against them? It's not the banks its the customers who contiunue to bank with them. You are a fool if you think they won't reacapture that money. And for property taxes I don't think the buyers who committed fraud to buy a house were buying $300,000 houses, the fraud was committed in houses averaging 100k.
curious wrote:
Couple things for the uniformed in this thread. No one is getting a dime from the govt in this matter. The money is coming from the banks that perpetuated the massive fraud on the public and govt. those banks were sued by several states.
And somehow I doubt an $840 check is going matter much to someone who lost their house
Secondly, whoever said they doubted property taxes could be $3000 has obviously never owned a house. Fayette county property taxes run from about 1% of the value of your house each year. The average house value in Lexington is about $150,000 which means annual taxes of $1500.
curious

United States

#25 Mar 7, 2013
Really wrote:
<quoted text>Hey idiot who do you think is going to pay for the bank penalties that are being paid to those who committed the fraud against them? It's not the banks its the customers who contiunue to bank with them. You are a fool if you think they won't reacapture that money. And for property taxes I don't think the buyers who committed fraud to buy a house were buying $300,000 houses, the fraud was committed in houses averaging 100k.
You are mistaken on the 100k. People were losing housed because they bought above their means. 100k houses aren't even starter houses in Lexington and its one of the most affordable cities in the country. But I forgot that topix posters are all freaking genius.

And even if the banks recover it from their customers that is still not a govt handout.
lol

Georgetown, KY

#26 Mar 7, 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.
We were very capable of paying for our home when we purchased it. My son was diagnosed with leukemia and my husband was active duty. My husband died after a roadside attack and within 48 hours my son died. You are right I shouldn't taken off to help our daughter cope
Really

Lexington, KY

#27 Mar 8, 2013
And what do your issues have to do with a bank forclosing on your home? Just wondering why you think you deserve to be included in a class action suit?
lol wrote:
<quoted text>
We were very capable of paying for our home when we purchased it. My son was diagnosed with leukemia and my husband was active duty. My husband died after a roadside attack and within 48 hours my son died. You are right I shouldn't taken off to help our daughter cope
Daryl Davis

Salinas, CA

#28 Mar 8, 2013
you need to wake up and smell the coffee.
The banks have been documented has being complicit in a scam. Now we have to put it right, and the only thing that banks understand is the loss of cash.

I am truly sorry that you have so much money tied up in banks. You need to move to a credit union, and I hope, what ever crawled up in you and died finally exits soon.

I loved my house. I am pissed that BofA gave me the runaround and refused to even try to work with me, because they wanted the house back so they could make more money off of some other person. I can not get my house back, but I can make the bank pay.
Sure

Lexington, KY

#29 Mar 8, 2013
Sounds like you have a bad case of dumbass. I guess it was the banks fault that you didnt make payments to them. Got to love the deadbeats who blame everyone else but themselves. If you would have made your payments you would still be living in that dump.
Daryl Davis wrote:
you need to wake up and smell the coffee.
The banks have been documented has being complicit in a scam. Now we have to put it right, and the only thing that banks understand is the loss of cash.
I am truly sorry that you have so much money tied up in banks. You need to move to a credit union, and I hope, what ever crawled up in you and died finally exits soon.
I loved my house. I am pissed that BofA gave me the runaround and refused to even try to work with me, because they wanted the house back so they could make more money off of some other person. I can not get my house back, but I can make the bank pay.
lol

Duluth, GA

#30 Mar 8, 2013
Really wrote:
<quoted text>And what do your issues have to do with a bank forclosing on your home? Just wondering why you think you deserve to be included in a class action suit?
They violated both federal and state laws with their actions. During their investigations into the illegal for closures they found I was a victim so get your self righteous head out of your ass and realize that things come up that are out of our control and be thankful that some groups monitor illegal activity.
lol

Duluth, GA

#31 Mar 8, 2013
Sure wrote:
<quoted text>Sounds like you have a bad case of dumbass. I guess it was the banks fault that you didnt make payments to them. Got to love the deadbeats who blame everyone else but themselves. If you would have made your payments you would still be living in that dump.
I bet you get extensions on your electric bill don't you
Right

Lexington, KY

#32 Mar 9, 2013
Sounds like you deserved everything everything that happened to you
lol wrote:
<quoted text>
They violated both federal and state laws with their actions. During their investigations into the illegal for closures they found I was a victim so get your self righteous head out of your ass and realize that things come up that are out of our control and be thankful that some groups monitor illegal activity.
Daryl Davis

Salinas, CA

#33 Mar 11, 2013
So, how much are the banks paying you?
And Fox News for that matter?
how it worked

Lexington, KY

#34 Mar 11, 2013
at that time (around 2007) it only took a 600 credit score and a 30,000 dollar a year job to get a 30 year mortgage from bank of america. The real estate agent and loan officer worked together putting together what ever kind of numbers they had to in order to pre qualify someone for a loan. I walked in with no money out of pocket and got a 130,000 dollar 30 year loan at 6 percent intrest. My payment was 990 an month including taxes and insurance. Now, seeing as how I had never owned a home before this was to good to pass up even if I couldn't afford it in the long run. I lost my job in 2009 and fell 3 payments behind. I regained a good job at Toyota in Gtown and called bank of america and told them I could start paying payments again if they would work with me. I was told that i didnt qualify for the the Presidents making homes affordable program. I don't know why, I assume because I'm a white male. I was also told by bank of america that I was three payments behind and the home was already in foreclosure. Further more if I sent in any type of payment that it would be sent back to me. That left one solution, bankruptcy. So I filed chapter 7 and they got nothing. I lived in the house 3 more months and got a notice on my door that I had to move out that the house was being foreclosed on. I did and took the keys to the house to the local bank of america loan center. I moved to another rental and continued to get fines from the city for grass being to high and what not. This went on for ever and my bankruptcy attorney just told me to keep sending the city fines to him. Finally in 2012 bank of america put the home in there name. I did not get anything from the attorney general office in the state of KY for any kind of payment. I assume its because bank of america waited until 2012 to put the home in there name. That was two plus years I didnt even live in the same county as the house and it was still in my name even after I recieved the notice in 2010 that I had to move. Total bs by bank of america. Thay deserve everything they have to pay out even though I didnt get shit.
Lady Madonna

Manchester, NH

#35 Mar 11, 2013
Wow... I'd have loved to have had a tax rate like $1000.00!
The tax rate in the town where I owned my home ( in NH)~ The Municipal portion $4.35. School District and Education portion is $14.83 and the county portion is $1.14. The blended rate is $20.32 per thousand dollars of Assessed Valuation. So... On a home with an assessed value of $100,000.00, the total tax bill :=$2, 032.00. Now, keep in mind that NH has no income or sales tax so it's understandably higher than most states (most goes to fund schools and education)

However . my particular town doesn't have many houses valued at 100,000.00 but we've the best school district in the state. Estimated median house value (2009):$419,840 (it was $216,800 in 2000) Estimated median household income in 2009:$102,362 (it was $84,392 in 2000)

I bought my home in 2005 for $250,000.00 and it was assessed 340K. The American Dream. Real estate values tanked shortly thereafter so I lost the "equity" immediately.

Then the following year. I had a baby (turned out he has autism) my husband was diagnosed with brain Cancer, my ex husband stopped making child support payments completely for our other our other four kids . Suddenly I've no income

. Then GMAC did the exact same thing with my property tax when they bought my loan from the originator... Insisting I give them a years worth of payments held in escrow...immediately! I this in addition to my 8% adjustable rate loan repayment which was $2400.00+. So yup... Got the runaround could NEVER get ahold of the same person there twice if ever get through to a human to begin with. But boy... Their loss mitigation. And foreclosure Dept. Sure had some efficiency!

Looking forward to getting my $840.00 so I can pay rent at $1360.00 month. For 2bd/1 bath 900sqsf. Just me and 4 of my 5 kids now... I my youngest son and I don't even have a bedroom or bed... We get the living room couch to share.

So YES... it does happen!
However

Evansville, IN

#36 Mar 11, 2013
how it worked wrote:
at that time (around 2007) it only took a 600 credit score and a 30,000 dollar a year job to get a 30 year mortgage from bank of america. The real estate agent and loan officer worked together putting together what ever kind of numbers they had to in order to pre qualify someone for a loan. I walked in with no money out of pocket and got a 130,000 dollar 30 year loan at 6 percent intrest. My payment was 990 an month including taxes and insurance. Now, seeing as how I had never owned a home before this was to good to pass up even if I couldn't afford it in the long run. I lost my job in 2009 and fell 3 payments behind. I regained a good job at Toyota in Gtown and called bank of america and told them I could start paying payments again if they would work with me. I was told that i didnt qualify for the the Presidents making homes affordable program. I don't know why, I assume because I'm a white male. I was also told by bank of america that I was three payments behind and the home was already in foreclosure. Further more if I sent in any type of payment that it would be sent back to me. That left one solution, bankruptcy. So I filed chapter 7 and they got nothing. I lived in the house 3 more months and got a notice on my door that I had to move out that the house was being foreclosed on. I did and took the keys to the house to the local bank of america loan center. I moved to another rental and continued to get fines from the city for grass being to high and what not. This went on for ever and my bankruptcy attorney just told me to keep sending the city fines to him. Finally in 2012 bank of america put the home in there name. I did not get anything from the attorney general office in the state of KY for any kind of payment. I assume its because bank of america waited until 2012 to put the home in there name. That was two plus years I didnt even live in the same county as the house and it was still in my name even after I recieved the notice in 2010 that I had to move. Total bs by bank of america. Thay deserve everything they have to pay out even though I didnt get shit.
This is why you do not vacate the premises until a sheriff comes and tells you to and serves you with the eviction papers. You can cost the bank a lot of money this way. It will take an additional three months for them to work the eviction process through the court system.
guest

Lincoln, NE

#37 Mar 18, 2013
Who cares. We all have had troubles with the banks. They get paid for distribution of the money. I have list my home and I regret it. My issue and probably a lot of other hard working people was much deeper than just the mortgage crises in those years. Gas prices went through the roof causing many companies to close its doors. Millions of people list their jobs. Yes people signed home loans they could not afford. But mortgage companies tried very hard to get anyone eligible to buy a home. They even advertised it. Stop complaining and blaming each other. This matter has been solved.
Rust Consulting

Georgetown, KY

#38 Mar 21, 2013
I got notification in the mail today that says I will receive a check or additional information about my payment from Rust Consulting within approximately four to eight weeks.
mekay

New Salisbury, IN

#39 Mar 21, 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 find it interesting that you think that only people who bought homes they couldnt afford lost their homes during this time. For your information, since you seem to be an uneducated idiot, we bought a home for $55,000.00, the payment was very affordable until my husband lost his job and we couldnt make it on my income. So before you start judging: KNOW YOUR FACTS!!!!!
Seriously

Versailles, KY

#40 Mar 21, 2013
Ok your idiot husband lost his job why should you be getting a check from the bank because you didnt make your payments and the bank foreclosed. How in the world can you not afford a $300 house payment, you sure as hell shouldn't have internet service.
mekay wrote:
<quoted text>
I find it interesting that you think that only people who bought homes they couldnt afford lost their homes during this time. For your information, since you seem to be an uneducated idiot, we bought a home for $55,000.00, the payment was very affordable until my husband lost his job and we couldnt make it on my income. So before you start judging: KNOW YOUR FACTS!!!!!

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