A Process Designed to FAIL?

Update to the efforts to save Dr. “M’s” home from the Foreclosure on December 3rd 2009 by Litton Loan Servicing owned by Goldman Sachs:

Our last post pointed out that Dr. “M” was denied a loan modification because Litton Loan Servicing had appraised his home and determined it wasn’t worth enough to save with a loan modification but it was worth enough to Foreclose?

If you’re scratching your head you’re NOT ALONE….

This was all done with the SUPER SECRET “NPV” NET PRESENT VALUE FORMULA that Servicers use to determine if you are worthy of a loan modification. This Super Secret Formula is causing thousands of homeowners across the U.S. to lose their homes, and there is NO easy way to fight it because they won’t tell us what’s in the formula! SO DON’T ASK WHY…YOU’LL GO CRAZY! REMEMBER HE WHO OWNS THE GOLD MAKES THE RULES!

In an effort to get to the Litton Loan Servicing to reverse their denial of Dr. “M’s” loan modification I call the offices of Congressman Duncan Hunter and was helped by David a very concerned and competent staffer for the Congressman. He directed me to the U.S. Treasury and a woman named Jennifer who very quickly got the HAMP SUPPORT CENTER to contact me with the promise of ESCALATING our case for review. Remember we have a short 2 weeks till Foreclosure! And here is where the help we so desperately need ended! While filling out the application for help from the U.S Treasury they asked if Dr. “M” had paid me for the loan modification services. I told them YES that he had paid me a fee for my six months of work in a Hurculean effort with Litton and his loan modification.  

Apparently the U.S. Treasury will not help a borrower that has paid a fee for a loan modification! You may receive HELP only if you use a HUD Approved Non-Profit like ACORN!

And see how effective a Non-Profit like ACORN can be…

Now you know WHY the U.S. Treasury prefers HUD Approved Non-Profits helping homeowners over a Mortgage Broker with 18 years experience in closing loans. I have NO experience with bolt cutters!

So tomorrow I’m dressing up like a Pimp and going to an ACORN OFFICE to see if I can save Dr. “M’s” home! I’ll let you know how it goes!

Uppitybanker