Are you a strugggling homeowner getting no assistance from yoru lender as you try to modify your loan, sell short or find a way to resolve your mortgage issue? Are you out of work and being told you need to make a “seller contribution” to a short sale on your home? Are you a buyer waiting for months to hear back from the lender if your offer will be accepted? Have you been told to reduce the amount you spend by lenders’ investors who are refusing to do a loan modification? A real estate agent submitting multiple offers over months to lenders who never respond? Losing buyers for short sales when lenders fail to respond or who counter with above market demands for sales with no inspections or warranties?
We’ve heard stories from homeowners in loan modifications who’ve been foreclosed on when lenders “lost” their payments; short sales that took a year and then were pulled out of escrow when the buyers lender appraisal came in above the short sale offer (isn’t that why the call it a short sale??) - homeowners waiting months and soetimes over a year to get answers on offers, loan modification documents and more -
Elizabeth Warren, the Chair of this Oversight Panel is serious about wanting to know what is happening to homeowners, and to confront the issues and problems that need to be addressed to solve this problem. We have created several links to help you get to know more about this Harvard Law Professor who is willing to step up and take this role - but you must USE her willingness to listen if you want to have an impact. So Tell the Congressional Oversight Panel YOUR STORY!
Tags: Bailouts, Banks, Conggressional Oversight Panel, COP, Credit Bubble, Elizabeth Warren, foreclosure, lender abuse, Lender's Shady Practices, loan modification, Mortgage Modifidcations, Predatory Lending, Short Sales, troubled assets, Your Foreclosure Story
