posted on Nov, 29 2010 @ 08:43 PM
I have retained a very reknown attorney to sue Citimortgage. I am willing to post the various pleadings, in hopes that I can help someone else
prevail, especially if going pro se.
In December of 2009 I was approved for a loan 'repayment' plan. This was NOT a trial modification, according to the paperwork, but a bona fide
'repayment' where all arrearages would be rolled into a new loan. The only criteria was that I make timely payments for three months. I made these
payments as agreed, by certified mail, for all three months. After the March payment, I assumed I would continue to make the same payments, and would
eventually receive paperwork with the new loan terms. Instead, my May payment came back to me, with no reason at all.
For a year and a half I tried to make payments, but they were all returned or randomly put into a 'suspense' account (the funds have never been
returned to me). In November Citimortgage sent me a notice of foreclosure sale. I had tried, in good faith, to remedy the situation but I was jacked
around, transferred, told contradicting information, and hung up on repeatedly.
It wasn't that we couldn't afford the payment, we have excellent credit and a strong income. The issue was the large amount of equity in our home;
that Citi was attempting to strip by adding on late fees (even when the payment was on time), and other illegal fees. If Citi foreclosed on my home,
they would have received approximately 200k in equity. Because the loan was in default according to them, I couldn't find anyone to refinance the
house. My home had me hostage. I couldn't pay on it and preserve my equity, I couldn't sell the home, and I was forced to maintain it, even though
I ended up moving out of state. In addition, I decided I didn't want to pay all of the inflated fees that I couldn't begin to decipher. Even the
Citibank reps couldn't tell me what I owed. Every one I spoke with was equally confused as to how the numbers were computed.
Anyways, finding an ethical, intelligent attorney who 'got it' wasn't easy. But I persevered, and with a little help from above, I found an
awesome attorney who filed a temporary restraining order (that was granted), and who is now dealing with the nonexistent securitization of the
fraudulent loan. What no one tells you is that the bank that funded your loan at closing, never loaned you money. The money was created out of thin
air. The bank then made money with breaking your loans into securities, assigning cusip numbers and placing your loan into pools (that were in
violation of SEC rules).
You can't believe how sophisticated these Wall Street pirates are. You can't believe the woven tale they spin of transfers, deeds, securities,
pooling, and other illegal acts; not to mention the TARP money spent to prevent this issue from coming to fruition (as well as QE2). If people truly
understood the fraud that was perpetrated in their name, they would riot. I will do everything in my power NOT to use banks in the future.
Anyways PM me if you need any assistance. I will do anything in my power to empower my fellow man in hammering these corrupt bastards that should be