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LeftLiberalSoCal (November 30, 1999 at 12:00 am)
On one hand, I feel sorry for people like this. Realtors and mortgage brokers are the biggest (and most unregulated) liars on earth. On the other hand people like this affected me personally. Becuase of this women and millions like her, prices were pushed to bubble levels making homes unaffordable to responsible people like me, newlyweds, college grads,ETC. We were forced to rent. If I could ask this women a question I guess it would be: "why did you not hire an attorney to read the documents?"
msdameener (November 30, 1999 at 12:00 am)
I'm sure it's the lenders fault she can't refinance the loan. Maybe it had something to do with the lower value due to investors flooding the real estate market and then walking away from their investments. Stop blaming the lenders and take control of your finances. I'm sure there was a realtor involved in the deal. Was it their fault, too or did they return the commission?
msdameener (November 30, 1999 at 12:00 am)
She really didn't need to own a house with 2 jobs and iffy credit. Did she need a tax deduction??? It's her job to control her finances!!!
GIVERSandRECEIVERS (November 30, 1999 at 12:00 am)
You are so RIGHT! We have started a site to try and help all those in need.
AmericaForeclosed (November 30, 1999 at 12:00 am)
Please have cameras rolling during dramatic occurances of your foreclosure process. Review the tapes and upload anything that is dramatic or informative (that you are willing to have public). The people need to be entertaineed and educated at the same time. It is the ony way to get to them. They are lost in a dream. The people thank you in advance.
blomquist9 (November 30, 1999 at 12:00 am)
Hi Cheryl,I have over 20 years experience in the industry and during the last 4 yeasrs I have become conpletely disgusted by the illegal lending activities. I have recently filed a lawsuit against many of the unconscionable lenders and other market participants. These people are no better than drug dealers and the law should treat them accordingly. Who is your lender? Like drug dealers we need to go after the king pins to really make a difference!
bruin2u (November 30, 1999 at 12:00 am)
Cheryl, as an Ca. real estate agent for 20 years. My recommendation for you is to keep your good credit, do not make another payment on your current home, do a "short sale" or let them foreclose. It will take many months for this process--save your $. Your home has no value, and you could probably buy it back yourself in 2 yrs. for 40% less---good luck!!!!
fairlending (November 30, 1999 at 12:00 am)
McCridley, if you need help with your situation, call the National Anti-Predatory Consumer Rescue Fund. (202) 628-8866. We work with victims of predatory lenders so their mortgage payment becomes more affordable and foreclosure can be avoided.
MCCRIDLEY (November 30, 1999 at 12:00 am)
Word for word I'm going though the same thing good luck
sharonafox1 (November 30, 1999 at 12:00 am)
Cheryl, I so appreciate your video and have encouraged friends to check it out. I hope you keep on sharing your story with others. I am sorry you had to go through such a challenging journey. The legal system that put you in that position is the antithesis of the American way. God Bless and good luck. |
