Ever try to stop a gigantic boulder from tumbling down a hill…? I have never actually been late with my mortgage — save one time –of which I will later make mention…
In present light — CitiMortgage has served me with foreclosure papers — which came in UNDERSTATEMENT as a shock. I have replied by faxing-back copies of the checks in question — all of which were endorsed and cashed by my mortgage company — This irrefutable information was supplied by my personal bank, PNC. I’ve sent proof to CitiMortgage 4 times now — I’ve scanned things and sent attachments via email — I’ve talked to a wide variety of polyester-zombies — all of whom have contradicted themselves — demonstrating how the right-hand is not at all acquainted with the left. They’ve even gone so far as to suggest I pay those 5 months OVER AGAIN. Not to mention the dozen or more harassment calls I receive everyday from the collections department — Sometimes the calls start as early as 7:30 in the morning and end as late as a quarter to 9PM.
I’ve been the bewildered victim of predatory lending throughout the history of my experience with mortgage lenders. I’ve been lied to about my monthly payments — I’ve been driven to the brink of madness exchanging paperwork —– and in the larger overview, since I bought a house I’d originally been renting — I’d actually already paid for the property once in full – before I ever legally bought it.
My original closing took nearly a year and a half because AGES AGO, my landlord’s elderly mother had retained a couple handymen to move the fence in my backyard into the property that adjoins my backyard — (In an earlier era, she had also owned most of the block).
A miserable 13-foot by 9-inch land-measurement of dirt threw my closing date into utter peril. A peril that lasted forever, costing me money. Lots and lots of money. Turned out the old landlady had, in good faith contacted a lawyer to remedy the the property line legalities — but the lawyer she’d retained — in a stoke of unfortunate timing — was indicted by the federal government on a laundry list of charges — whereupon setting his law office on fire before fleeing to South America.
Has this ever happened to anyone else?
My backyard neighbors offered to sell me the bacon-shaped strip of land for a dollar — but the city wouldn’t allow that to happen. Don’t get me wrong, I love my home, but I detest the middlemen-mobsters who’ve insinuated themselves into our financial lives like leaches preying on us all.
My prior mortgage lender, Sovereign Bank, purchased me (and my mortgage) from WorldMortgage. And Sovereign wasted no time ‘bending-me-over-a-coffee-table’ by sending me a letter explaining how they’d physically “slashed [my] mortgage check into two pieces in their [own] ‘lock-box'” — (which I have only to assume is some sort of guillotine-like safe) — “therefore rendering [MY] check ‘uncashable'” — (be there such a word…)
This in-turn led Sovereign Bank to levy a late charge against MY account — as a penalty-fee for MY being late paying my mortgage — in THEIR distored, greed-motivated worldview.
Bottom line — Sovereign Bank mutilated MY mortgage check — and were now charging me for THEIR incompetence. That episode translated into me falling a month behind in my mortgage interpreted only in the eyes of the lender. It took Sovereign Bank 7-forever’s to acknowledge receiving my replacement check.
Nevertheless Sovereign never budged on their claim that my mortgage was not paid on time — and decreed the alleged late fee would stand. I refused to pay it on my own principles, with complete disregard for the bank’s definition of “principal.”
I never paid the fee, and a blot remains on my credit-score to this day.
Flash-forward to my current peril — I can’t imagine what this FIVE MONTH debacle with CitiMortgage, come-car-pile-up-corporate-molestation-in-hell. What will this do to further destroy MY credit rating, further sucking me into a financial mire created ENTIRELY by the banking industry….
Lest we forget the Schroit family of Galveston, Texas — on whom Bank of America foreclosed, seizing their home and locking them out — when in point of fact, Bank of America was NOT EVER the licensed mortgage lender on their property — effectively catapulting the Schroit family into homelessness. Once the Schroit family’s case was established as irrefutable fact proving by lawyers they’d been wronged – B of A turned around with ‘bouncing-basket-balls’ and refused to take financial responsibility for their OWN egregious error by fighting the family in court.
If you had any questions as to WHY white-collar predatory-bankers are at the top the financial food chain, this disjointed essay is the best explanation I can offer. And everyone else BE DRAINED…!!!