Lana
Ionia,#2Consumer Suggestion
Mon, May 23, 2005
Poppy, I applaude you and share your concerns. I urge you to keep on fighting for your mom against this ugly monster! I've done some research, and the scary thing is that Aames, Fairbanks, and a long list of others like Countrywide, Equifax, on and on are only satilitte subsidiary companies acting for investors. All these companies are "loan servicers" and "debt collectors". The investors they work for are filthy stinking rich and want more, they are motivated by greed. A huge corporation fueled by greed has no conscience, as hundreds, maybe thousands of unsuspecting consumers have come to find out the hard way. The investors are the source of your woes, they only care about lining thier wallets with stolen money. My mortgage was part of that Fairbanks suit, but I opted out. Thank God, but nevertheless, it has no bearing on what has happened to your mom since the settlement. I want to help you help your mom. I know you are angry and insulted by the measley amount of the check, but here's hoping the next one will have plenty of "zeros" behind the numbers! I don't know what agencies you have contacted or if you ever had a lawyer, so bear with me. Go to the Countrywide Home Loans complaints in this website and read the complaints/rebuttals from Ionia, Mi. they can apply to any mortgage company trouble. Gather up every document you have that pertains to your complaint and make 3-4 copies of each, keep the originals. Tell your mom to send her payments by registered mail, it will cost a little, but prove her point! Follow the directions for filing a complaint with the FTC and send a complaint in writing to your U.S. Senator of your state. Send copies to Attorney General and Dept. of Consumer Industry Services. Complaints must be in writing in order for them to take action, and they must have some documentation of offenses. Call HUD, seek a loan through them or another government/state sponsored agency. THEN, call Aames and ask about options, such as getting a loan modification/refinance through a government agency. Ask for any negotiations or option to be put in writing! Then Aames will get the idea that the "feds" are likely involved. Be diligent, keep a journal/records of all conversations, dates, times, person's first and last name and details of the conversation. Then, send a letter requesting "proof of debt" with your lenders name and your loan number to FTC Consumer Response Center, Room 240-H, Washington, D.C., 20580,; Under RESPA;Real Estate Settlement Procedures Act, if a borrower submits in writing,a qualified request for information, the mortgage servicer-within 20 business days--either to take the requested action or acknowledge in writing it has recieved the request. State that you are requesting this and the reasons you believe you have been unfairly charged late fees ,etc. and send supporting documents. Ask for what you believe you are entitled to, like reimbursement of late charges, credit repair, etc. After the initial response, they then have 60 days to respond/correct the problem or explain their actions. You have a chance at letting your mom get some justice! Tell her that she is in my prayers and I will keep posting updates as they become available. God Bless.