8807
letters and counting!
letters and counting!
Mortgage Foreclosure on Family Homes | 1
I am a disabled 63 YO widow with 27 years of work as an educator. I am the single parent of one biological daughter who is currently in college to become a teacher. And I spent 10 years as a foster parent of 41 teen aged girls. I am also a colon cancer survivor and that is where I first met WAMU/Chase. Two months after I was diagnosed with cancer, I lost my health insurance, which I had carried from Wisconsin to WA under the Cobra Act. No one would pick up my insurance when it expired and I had too many assets to qualify for Medicaid, so I naively cashed in my pension and my life insurance, sold my business at a loss, and refinanced my mortgage to pay the horrendous medical bills and support mny daughter and myself. At the age of 60, I found my family home of 22 years going into foreclosure. Remember that re-finance of the mortgage to pay medical bills and to support my daughter and myself? Well, it was one of those jumbo sub-prime loans that tripled my payments due in two years. My home mortgage had been bundled and sold, I don't know how many times, so that investors could bet on it and Chase's profits could increase to an obscene level. I fought foreclosure through every means at my command, including contacting my state legislator. However, the sale was held on the court house steps at high noon on a Friday. I insisted on making a statement at the sale, which I guess is unheard of, but this is a small town and I know the sheriff who was conducting the sale. He asked me for a copy of my statement and read it over the phone to the bank. When he finished his call, he said, “They don’t want you to speak.” I spoke anyway, and looking the three prospective buyers in the eye, I told them that this was my house and I was not moving! The title to my home reverted to the bank. I was given the eviction order and went to my home, prepared to create quite a scene when the sheriff came to evict me. Interestingly, the bank rescinded the sale the following Monday, as if it had never been held, and over the next four months we re-negotiated my mortgage and brought it back to "reasonable" for the next 40 years of my life. I'll be 100 before it gets paid off. My original mortgage was $59,000. My current mortgage is $289,000. My house is now assessed at $238,000. I am not an exception, I am part of the 99% who paid for the bail out for Chase. No family home should be foreclosed on when jobs go away and recession sets in. No family should have to face foreclosure because of uninsured medical bills. No senior citizen should find their home suddenly threatened after living there and paying their mortgage and taxes for 20, 30, or even 40 years. Prove your "personhood". Develop a soul. Learn to put people before profits! Barbra Morey Port Townsend
Your subject here | 0
Keep up the great work. We need more people and actions like this to shift the power! Joe Bateman Salt Lake City, UT 84102
share the wealth | 0
Before and after the bank bail-out, corporations continue to grow in wealth, while the general public's assets and jobs shrink. We need to change that contrast. Jean Crossley Winters, CA 95694
Time for a change | 0
Its time for courporate america to own up to its responceabilites to the usa and the 99% . The banks took our money we helped them but they are turning away from the 99% and helping the 1% how much of the bailout did the 1% contribute. Our elected politicians need to back the 99% or be voted out its time for a revolution america(I'm not talking violence) we 99% need to take back our piece of america if not for us for your children because the 1% will not be happy until the 99% is on their knees begging for a morsel to eat thats what they are trying to do and are succeding. Brian 08088
Financial Institutions Failed Us | 0
The financial institutions have failed the citizens of America. You were the place we went for honest deals on loans, as a save place to save for the future. We didn't expect to become rich by putting our saving with you but we knew the savings would grow over time. What did you do. You decided that making a quick dollar was better. Give loans that were not safe, just bundle them together and sell them. You pushed hard with the lobbyist doing your work by buying Congress to deregulate laws that protected the public interest. Well you succeeded an the outcome has put America into what may well become the worse depression of our history. Is your greed worth the price? Henry Coleman Williamsburg, VA 23185
a world without want | 0
Imagine a world where nobody goes hungry. Where nobody has to beg or steal to have a roof over their head. Imagine sharing the wealth of the earth. Now stop imagining and make it happen. We need you! David Kelley Ashland, OR 97520
Greed | 0
How can you accept/approve such high salaries when so many Americans are having such a hard time making it anymore? Start giving back. No more gilded era houses, either. Jan O'Donnell Morristown, NJ 07960
There are more posts. See the most recent.