I LOST MY JOB AND HAVE BEEN UNEMPLOYED FOR ABOUT 17 MONTHS NOW. I WAS UNABLE TO PAY MY MORTGAGE PAYMENT OF $2100.00DOLLARS A MONTH. I APPLIED FOR A LOAN MODIFICATION WHICH MADE MY PAYMENT AT $1550.00 DOLLARS A MONTH. THIS MODIFICATION LASTED ABOUT A YEAR. THE MODIFICATION WAS REVISE BY THE BANK AFTER A YEAR AND WENT UP TO $1860.00 DOLLARS.STILL UNEMPOYED I DIDN'T HAVE A CHOICE BUT TO GIVE THE HOUSE UP. BUT I FOUND SOMEONE TO PURCHASE MY HOUSE AS A SHORT SALE BY THE BANK. SO THEY DELAYED THE AUCTION AND COUSMER MADE AN OFFER OF $145,000.00 DOLLARS. THE BANK DECLINED AND SAID THAT THEY WOULD TAKE $150,000.00 DOLLARS FOR THE HOUSE AND TO RESUBMIT THAT OFFER. WE HAD TWO DAYS TO RESUBMIT AND UPDATE ALL OF THE DOCUMENTS. BUT IT WAS DONE THAT SAME DAY AND RESUBMITTE THE NEXT DAY. THE BANK AUCTION THE HOUSE AND SOLD IT FOR $152,900 DOLLARS. WITH OUT LETTING OR GIVING THE CONSUMER A CHANCE TO PURCHASE THE HOUSE. I THINK THAT WAS UNFAIR AND SHOULD BE INVESTIGATED. YOU CAN ONLY ASSUME THAT THE BANK SOLD IT TO AN ASSOICATE OF THIERS. PLEASE LET ME KNOW WHAT I CAN DO ABOUT THIS MATTER. I DIDN'T WANT A FORECLOSUER ON MY RECORD.
Karl
Highlands Ranch,#2Consumer Comment
Tue, September 21, 2010
of our economy, which is directly linked to the housing problem (foreclosure) in the USA, in my opinion.
Bman
Philadelphia,#3Consumer Comment
Tue, September 21, 2010
I believe that this experience needs to be written up and sent to the following:
http://www.ftc.gov/reports/index.htm