http://www.allmandandlee.com/bankruptcy_blog/foreclosures/mediation-in-lieu-of-foreclosure/ Bankruptcy Attorney Reed Allmand Wed, 03 Feb 2010 13:22:05 -0600 http://wordpress.org/?v=abc hourly 1 http://www.allmandandlee.com/bankruptcy_blog/foreclosures/mediation-in-lieu-of-foreclosure/comment-page-1/#comment-3202 homeowner Tue, 17 Nov 2009 01:05:39 +0000 http://www.allmandandlee.com/bankruptcy_blog/?p=3658#comment-3202 Mediation? blah, blah, i went through mediation at the Collins Center in Miami, I thought, finally maybe something out there actually works. No, not really, my mortgage company or as i don't know what to call it, lender/investor/servicer - which is...US BANK NATIONAL, ASC - SERVICER AND WELLS FARGO lender came to the mediation with a ridiculous high monthly payment, actually close to what i was paying. Negotiation you say? NONE , mediators are there, but can't offer or dispute banks decision, so in other words....there was no negotiation. I want something sustainable long term, they The Bank was setting me up again to default, a waste of time on there end and a waste of time on my end. This applies to the saying.. If it's to good to be true, think again. It's just like the Obama Plan, it helps only fannie and freddie loan mortgages, the rest of us are at the mercy of the INVESTOR'S, because this is what the bank tells you an order to reject your modification. Please stop promising false hope on homeowners, if there is something out there that is going to work, let the public know, otherwise..we've been through enough already. Another thing, we the tax payer are paying what these banks took in TARP money, so why are they giving us a hard time, we are in this ticket also, we are entitled to modify not just a selected few, these banks are cherry picking their customers, only the ones they consider to modify, another way of corruption. Mediation? blah, blah, i went through mediation at the Collins Center in Miami, I thought, finally maybe something out there actually works. No, not really, my mortgage company or as i don't know what to call it, lender/investor/servicer – which is…US BANK NATIONAL, ASC – SERVICER AND WELLS FARGO lender came to the mediation with a ridiculous high monthly payment, actually close to what i was paying. Negotiation you say? NONE , mediators are there, but can't offer or dispute banks decision, so in other words….there was no negotiation. I want something sustainable long term, they The Bank was setting me up again to default, a waste of time on there end and a waste of time on my end. This applies to the saying.. If it's to good to be true, think again. It's just like the Obama Plan, it helps only fannie and freddie loan mortgages, the rest of us are at the mercy of the INVESTOR'S, because this is what the bank tells you an order to reject your modification. Please stop promising false hope on homeowners, if there is something out there that is going to work, let the public know, otherwise..we've been through enough already. Another thing, we the tax payer are paying what these banks took in TARP money, so why are they giving us a hard time, we are in this ticket also, we are entitled to modify not just a selected few, these banks are cherry picking their customers, only the ones they consider to modify, another way of corruption.

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