I keep asking CNN to start a 2 week Special on Loan Modification Nightmares. Please Join Me and write to CNN. If enough people will follow eventually I believe this will come out of the shadow and will show the true face of the banksters.
Here is my recent letter to them.
Families with children get foreclosed on while banks suppose to help them with the loan modification. The incompetency or unwillingness of banks has caused too many families with children to find themselves homeless and on the street. When Big Wall Street firms got bailed out our government has assured the people the bail out will help Main Street, and this is the only way to stabilize the economy. It has been almost 3 years since the first bail out by Bush. Nothing has been accomplished for homeowners, only big banks have benefited from the bail out. No job creation. No Credit for small businesses. We have more foreclosures then ever in US history. However at the same time CEO salaries and bonuses have been skyrocketing and these CEOS salaries are higher then ever in US history.  All this on the back of the American Taxpayers.
I have been watching CNN since Bobbie Battista reported the news, and it was in the 80s.
I believe a 2 week special every day 1hour show, with an open telephone line and e-mail would bring a light on this current corrupt crisis that many homeowners going through. It would enlighten our nation how this Home Affordable Modification is just a game for banks that has been created buy banks through our government. Reason: Too many foreclosures would literally paralyze our economy. This way banks will not take too many properties back right away, and at the same time banks able to collect some money from homeowners before eventually foreclosure take place.

To all the victims:

—-Contact the FTC - they will assign a case #.

—-Write to your State Attorney General; his/her portal has forms that you can print, and attachments are allowed.  Be sure to put the FTC case number in the complaint.  With enough complaints, his/her office will do something: either penalize servicers, or fashion some other kind of punitive action.

—-cc to:

*Corporate Offices of your servicer

*Comptroller of the Currency (call 800-613-6743 to obtain their web-page for your state)

*Your state’s Department of Savings and Mortgage Lending

*And last, copy the FTC quoting the original case number.

Be professional and do not let your emotions be apparent.

It is OK to vent your frustration here, but the only way that agencies will take action is when they can no longer ignore the issue.  Let us flood them!!!

It may be good to let propublica.org know that you did (mention your state) so that they can keep track.  They have the tools to do so.

My story extends to 17 months of everything everyone is talking about.  No additional debt.  Started with a credit score higher than 820.  Wells Fargo approved me for the 3-month trial, then a few days before the permanent mod was to take effect, I was notified of a rejection over a fact known to them for more than half of the 17 months and was never a problem before.  Wells ordered six credit reports without my knowledge or authorization and my score is down to 791. It goes on and on.  But taking action is what is needed. 

Please do. 

LINKS