Turko Files mortgage “victim”

[CA renter]

[quote=Raybyrnes]Not to sympathize but if the loan mod calculation requires that you consider Unemployment income and it was not included , it seems like you are taking her options from her.

She may very well lose the house either way but at the same time she may gain employment and make good on the loan.[/quote]
—————

If her unemployment income were enough to cover the mortgage, why wasn’t she paying all along? That’s what I have a problem with.

With the way foreclosures are being dragged out, she probably hasn’t made a payment for at least 6 months, more likely a year or more — loan mods, moratoriums, etc. AND she and her husband already filed for BK, which means they are playing the “delay at all costs” tactic. Exactly **why** does she deserve special treatment?

If a renter had stopped making payments for 6-12 months (or more!), would Turko be there to defend him/her against the “evil landlord” who wants to evict them?

[UCGal]

I think it’s completely ridiculous that she wants something done AFTER THE HOME SOLD AT TRUSTEE SALE.

Did the bank miscommunicate – probably.

But it’s sold. It’s over. Move on… Don’t call Turko.

[UCGal]

I think it’s completely ridiculous that she wants something done AFTER THE HOME SOLD AT TRUSTEE SALE.

Did the bank miscommunicate – probably.

But it’s sold. It’s over. Move on… Don’t call Turko.

[UCGal]

I think it’s completely ridiculous that she wants something done AFTER THE HOME SOLD AT TRUSTEE SALE.

Did the bank miscommunicate – probably.

But it’s sold. It’s over. Move on… Don’t call Turko.

[UCGal]

I think it’s completely ridiculous that she wants something done AFTER THE HOME SOLD AT TRUSTEE SALE.

Did the bank miscommunicate – probably.

But it’s sold. It’s over. Move on… Don’t call Turko.

[UCGal]

I think it’s completely ridiculous that she wants something done AFTER THE HOME SOLD AT TRUSTEE SALE.

Did the bank miscommunicate – probably.

But it’s sold. It’s over. Move on… Don’t call Turko.

[scaredyclassic]

from the homeowners point of view, it does seem like there ought to be some relief for someone who believes that they “own” the home. Perhaps people really are confused about what type of deal they have actually entered into. maybe she really thinks the house belongs to her. I am often surprised at how dumb people can be. Maybe there needs to be greater disclosure upon the sale, and various waivers signed. maybe it is misleading to call it the “sale” of a home. couldn’t there be some sotr of blunter termnot using any hint of ownership? transfer of title between banking institutions with occupancy by mortgagee until nonpayment of monthly fee, or payment in full of all outstanding debt (TOTBBIWOBMUNOMF). something sexy, like that. eventually it could enter the lexicon. no one would say, hey, come to my mhousewaming party, i just bought a house, they’d say, hey, i just moved all my stuff into a ne wpalce, can you come to my TOTBBIWOBMUNOMF party?

[scaredyclassic]

from the homeowners point of view, it does seem like there ought to be some relief for someone who believes that they “own” the home. Perhaps people really are confused about what type of deal they have actually entered into. maybe she really thinks the house belongs to her. I am often surprised at how dumb people can be. Maybe there needs to be greater disclosure upon the sale, and various waivers signed. maybe it is misleading to call it the “sale” of a home. couldn’t there be some sotr of blunter termnot using any hint of ownership? transfer of title between banking institutions with occupancy by mortgagee until nonpayment of monthly fee, or payment in full of all outstanding debt (TOTBBIWOBMUNOMF). something sexy, like that. eventually it could enter the lexicon. no one would say, hey, come to my mhousewaming party, i just bought a house, they’d say, hey, i just moved all my stuff into a ne wpalce, can you come to my TOTBBIWOBMUNOMF party?

[scaredyclassic]

from the homeowners point of view, it does seem like there ought to be some relief for someone who believes that they “own” the home. Perhaps people really are confused about what type of deal they have actually entered into. maybe she really thinks the house belongs to her. I am often surprised at how dumb people can be. Maybe there needs to be greater disclosure upon the sale, and various waivers signed. maybe it is misleading to call it the “sale” of a home. couldn’t there be some sotr of blunter termnot using any hint of ownership? transfer of title between banking institutions with occupancy by mortgagee until nonpayment of monthly fee, or payment in full of all outstanding debt (TOTBBIWOBMUNOMF). something sexy, like that. eventually it could enter the lexicon. no one would say, hey, come to my mhousewaming party, i just bought a house, they’d say, hey, i just moved all my stuff into a ne wpalce, can you come to my TOTBBIWOBMUNOMF party?

[scaredyclassic]

from the homeowners point of view, it does seem like there ought to be some relief for someone who believes that they “own” the home. Perhaps people really are confused about what type of deal they have actually entered into. maybe she really thinks the house belongs to her. I am often surprised at how dumb people can be. Maybe there needs to be greater disclosure upon the sale, and various waivers signed. maybe it is misleading to call it the “sale” of a home. couldn’t there be some sotr of blunter termnot using any hint of ownership? transfer of title between banking institutions with occupancy by mortgagee until nonpayment of monthly fee, or payment in full of all outstanding debt (TOTBBIWOBMUNOMF). something sexy, like that. eventually it could enter the lexicon. no one would say, hey, come to my mhousewaming party, i just bought a house, they’d say, hey, i just moved all my stuff into a ne wpalce, can you come to my TOTBBIWOBMUNOMF party?

[scaredyclassic]

from the homeowners point of view, it does seem like there ought to be some relief for someone who believes that they “own” the home. Perhaps people really are confused about what type of deal they have actually entered into. maybe she really thinks the house belongs to her. I am often surprised at how dumb people can be. Maybe there needs to be greater disclosure upon the sale, and various waivers signed. maybe it is misleading to call it the “sale” of a home. couldn’t there be some sotr of blunter termnot using any hint of ownership? transfer of title between banking institutions with occupancy by mortgagee until nonpayment of monthly fee, or payment in full of all outstanding debt (TOTBBIWOBMUNOMF). something sexy, like that. eventually it could enter the lexicon. no one would say, hey, come to my mhousewaming party, i just bought a house, they’d say, hey, i just moved all my stuff into a ne wpalce, can you come to my TOTBBIWOBMUNOMF party?

[jpinpb]

Ok. I am pretty sick about reading about the poor homeowners. We heard about their great success during the bubble and now we have to pity them. I am so bothered by it all, that I wrote Turko myself and gave him the link to this thread. He actually emailed me back. This is what he said:

[img_assist|nid=12517|title=Email|desc=|link=node|align=left|width=100|height=62]

Thanks for watching and for forwarding the link. Can you post this on Piggington for me?

=====================================

Yeah, yeah, I hear you all. I see both sides. I’ve avoided most stories like this for some of the reasons expressed on Piggington. In this case the woman says she would have done a short sale, except Wells Fargo kept telling her they would stop foreclosure while they tried to modify the mortgage. This went on for a year. Then they foreclosed during the process making a short sale impossible. And lets not forget that many banks make short sales difficult or impossible. IMHO this is because they are transferring “distressed properties” to their cronies or affiliated companies at very low prices, so they can profit when the recovery materializes and values rise. Why should they let the little guys in on this bonanza?

Yes, the woman quit paying her mortgage. Most lenders won’t talk seriously about a modification unless or until you have defaulted on payments. Why would they? If you can pay the mortgage you don’t need a modificiation. They claim they have to concentrate on the most serious cases first– i.e., the ones where the borrower is in such a mess they’ll almost certianly default again anyway.

Finally let’s not forget that the government gave billions to these banks, Wells Fargo being a big recipient, with the proviso that they would help small borrowers with loan modifications. I think my story shows a snapshot of a disorganized, disfunctional and uncaring effort to address and resolve the situation in this individual case. Give her a yes or a no and let her get on with her life. How can it take a big bank a solid year to determine if any of us are a candidate for a modificiation and “entitled” to keep our homes? It certainly didn’t take them a year to decide if we were qualified to buy the homes in the first place!

Michael Turko
KUSI-TV News
858 571-3453

[jpinpb]

Ok. I am pretty sick about reading about the poor homeowners. We heard about their great success during the bubble and now we have to pity them. I am so bothered by it all, that I wrote Turko myself and gave him the link to this thread. He actually emailed me back. This is what he said:

[img_assist|nid=12517|title=Email|desc=|link=node|align=left|width=100|height=62]

Thanks for watching and for forwarding the link. Can you post this on Piggington for me?

=====================================

Yeah, yeah, I hear you all. I see both sides. I’ve avoided most stories like this for some of the reasons expressed on Piggington. In this case the woman says she would have done a short sale, except Wells Fargo kept telling her they would stop foreclosure while they tried to modify the mortgage. This went on for a year. Then they foreclosed during the process making a short sale impossible. And lets not forget that many banks make short sales difficult or impossible. IMHO this is because they are transferring “distressed properties” to their cronies or affiliated companies at very low prices, so they can profit when the recovery materializes and values rise. Why should they let the little guys in on this bonanza?

Yes, the woman quit paying her mortgage. Most lenders won’t talk seriously about a modification unless or until you have defaulted on payments. Why would they? If you can pay the mortgage you don’t need a modificiation. They claim they have to concentrate on the most serious cases first– i.e., the ones where the borrower is in such a mess they’ll almost certianly default again anyway.

Finally let’s not forget that the government gave billions to these banks, Wells Fargo being a big recipient, with the proviso that they would help small borrowers with loan modifications. I think my story shows a snapshot of a disorganized, disfunctional and uncaring effort to address and resolve the situation in this individual case. Give her a yes or a no and let her get on with her life. How can it take a big bank a solid year to determine if any of us are a candidate for a modificiation and “entitled” to keep our homes? It certainly didn’t take them a year to decide if we were qualified to buy the homes in the first place!

Michael Turko
KUSI-TV News
858 571-3453

[jpinpb]

Ok. I am pretty sick about reading about the poor homeowners. We heard about their great success during the bubble and now we have to pity them. I am so bothered by it all, that I wrote Turko myself and gave him the link to this thread. He actually emailed me back. This is what he said:

[img_assist|nid=12517|title=Email|desc=|link=node|align=left|width=100|height=62]

Thanks for watching and for forwarding the link. Can you post this on Piggington for me?

=====================================

Yeah, yeah, I hear you all. I see both sides. I’ve avoided most stories like this for some of the reasons expressed on Piggington. In this case the woman says she would have done a short sale, except Wells Fargo kept telling her they would stop foreclosure while they tried to modify the mortgage. This went on for a year. Then they foreclosed during the process making a short sale impossible. And lets not forget that many banks make short sales difficult or impossible. IMHO this is because they are transferring “distressed properties” to their cronies or affiliated companies at very low prices, so they can profit when the recovery materializes and values rise. Why should they let the little guys in on this bonanza?

Yes, the woman quit paying her mortgage. Most lenders won’t talk seriously about a modification unless or until you have defaulted on payments. Why would they? If you can pay the mortgage you don’t need a modificiation. They claim they have to concentrate on the most serious cases first– i.e., the ones where the borrower is in such a mess they’ll almost certianly default again anyway.

Finally let’s not forget that the government gave billions to these banks, Wells Fargo being a big recipient, with the proviso that they would help small borrowers with loan modifications. I think my story shows a snapshot of a disorganized, disfunctional and uncaring effort to address and resolve the situation in this individual case. Give her a yes or a no and let her get on with her life. How can it take a big bank a solid year to determine if any of us are a candidate for a modificiation and “entitled” to keep our homes? It certainly didn’t take them a year to decide if we were qualified to buy the homes in the first place!

Michael Turko
KUSI-TV News
858 571-3453

[jpinpb]

Ok. I am pretty sick about reading about the poor homeowners. We heard about their great success during the bubble and now we have to pity them. I am so bothered by it all, that I wrote Turko myself and gave him the link to this thread. He actually emailed me back. This is what he said:

[img_assist|nid=12517|title=Email|desc=|link=node|align=left|width=100|height=62]

Thanks for watching and for forwarding the link. Can you post this on Piggington for me?

=====================================

Yeah, yeah, I hear you all. I see both sides. I’ve avoided most stories like this for some of the reasons expressed on Piggington. In this case the woman says she would have done a short sale, except Wells Fargo kept telling her they would stop foreclosure while they tried to modify the mortgage. This went on for a year. Then they foreclosed during the process making a short sale impossible. And lets not forget that many banks make short sales difficult or impossible. IMHO this is because they are transferring “distressed properties” to their cronies or affiliated companies at very low prices, so they can profit when the recovery materializes and values rise. Why should they let the little guys in on this bonanza?

Yes, the woman quit paying her mortgage. Most lenders won’t talk seriously about a modification unless or until you have defaulted on payments. Why would they? If you can pay the mortgage you don’t need a modificiation. They claim they have to concentrate on the most serious cases first– i.e., the ones where the borrower is in such a mess they’ll almost certianly default again anyway.

Finally let’s not forget that the government gave billions to these banks, Wells Fargo being a big recipient, with the proviso that they would help small borrowers with loan modifications. I think my story shows a snapshot of a disorganized, disfunctional and uncaring effort to address and resolve the situation in this individual case. Give her a yes or a no and let her get on with her life. How can it take a big bank a solid year to determine if any of us are a candidate for a modificiation and “entitled” to keep our homes? It certainly didn’t take them a year to decide if we were qualified to buy the homes in the first place!

Michael Turko
KUSI-TV News
858 571-3453

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