The group of people we want to hear from are borrowers, who were always on time, who were told to stop making their mortgage payments by the banks, or loan servicer, who wanted a loan modification, but instead got a foreclosure notice.
Washington, DC (Vocus) October 15, 2010
In an attempt to clarify bank misconduct in the US foreclosure, and real estate disaster, the National Mortgage Complaint Center is looking for a specific group of former homeowners, who were never late on their mortgage payment, who had decided since they were upside down on their mortgage payment they would contact their bank/loan servicer for a loan modification, who were then told by their bank, or loan servicer to stop making mortgage payments, and rather than receiving a loan modification, lost their home to a foreclosure. The group says, "These are the exact people we want to talk to. One of the gigantic problems in the US foreclosure disaster is banks, or loan servicers do not assign a homeowner attempting to take advantage of a loan modification to the same customer service agent. Instead the borrower never talks to the same person twice-no names-e-mail addresses-nothing." The National Mortgage Complaint Center says, "The group of people we want to hear from are borrowers, who were always on time, who were told to stop making their mortgage payments by the banks, or loan servicer, who wanted a loan modification, but instead got a foreclosure notice." The National Mortgage Complaint Center is saying, "please do not try to call us with this information, simply go to our web site contact page-fill out what happened-the name of the bank-when you were told to stop making payments-and when you lost the house. After reviewing this information we will contact you." http://NationalMortgageComplaintCenter.Com
The National Mortgage Complaint Center says, "We are most interested in homeowner, or former homeowners, who are in states with judicial foreclosure laws. Also, we think it is very important to find people, who received no notice from the bank, that a foreclosure was imminent, meaning the bank sought foreclosure on their home without first notifying them of bringing the case." The group says again, "Please no phone calls, we cannot handle thousands of calls per hour. Simply go to the contact page on our web site and fill out the contact form." http://NationalMortgageComplaintCenter.Com
There is no cost to consumers for this investigation, on the part of the National Mortgage Complaint Center.
The National Mortgage Complaint Center is one of the most quoted source in the United States on predatory mortgage lending. The group has been featured, or quoted in the Wall Street Journal, Money Magazine, Newsweek Magazine, Good Housekeeping Magazine, Parade Magazine, The New York Times, The Los Angeles Times, and numerous other news, or media outlets. In the June 2005 edition of Money Magazine, the group warned about a national economic train wreck if banks, and major US homebuilders did not put a stop to appraisal fraud. The National Mortgage Complaint Center is now saying, "US banks are either creating foreclosures because of sloppiness, and incompetent customer service, or they are hiding the true number of potential US foreclosures, out of fear it would create an instant economic meltdown. What happened to all the mortgage bailout money the banks received from the morons in the Nancy Pelosi Congress?" http://NationalMortgageComplaintCenter.Com