(203) 934-4232
We are hopeful that Bank of America will turn over a new leaf, cease the greed tactics, remember that many of the people they've thrown into the street are taxpayers if one person in the home is still working, they are taxpayers and therefore, they were directly involved with bailing the banks out. The Banks need to sit back, take a deep breath and do everything under sun to change the mortgages to suit the situations, stop the jibberish about they can't do this and can't do that.
They certainly do not have a problem throwing people into the street in the middle of refinancing or modification and not even notify them that a foreclosure motion is in the works. Sneaky, that's a mild term for that type of under-handed behavior, I've got a few other words that would be more suitable but I reserve the right not to express those at this time. Thank you.
If you are a homeowner in trouble, call your representatives and senators, your local politcians, the banking commissioner, the attorney general of your state and ask them if they can help. It's about time, government did something of real value for the homeowners, whether or not they are behind in payments, help everyone is some way, so that homeowners will have some incentive to stay and ride out the storm. This means the banks have to give back a little, they made their money during the better times, they probably have overseas accounts and they cry if the a homeowner asks for a prinicipal reduction. The National Mortgage Banker's Association is the root of the problem and they should get a life, not live off of the life's blood of homeowners.
We've all suffered and it's about being neighbors helping neighbors. If banks want to be considered human again, they have to show that they are warm blooded and have hearts.
Congress has to keep a sharp lookout over these banks, not take them over as free enterprise is important and necessary for the economy but when it's replaced by all-out greed, then that's different.
Happy Holidays and Merry Christmas to those of you that don't get offended by that expression, if you do, close your ears and you won't hear it.
George
Thursday, December 23, 2010
Wednesday, December 22, 2010
Hooray! Just heard from Robert Serna that it would be OK for a modification-with no principal reduction. Boo!
It was good news at the beginning but the end of the offer was disappointing and without A REAL principal reduction, there can be no chance for lower payments of about $250.00 per month to allow us to be comfortable but not entirely, although we could live with it, just have to pull our belts in.
Banks and investors love to make billions, whereas, us average Americans just want to be comfortable, not greedy and living to excess. I told Robert, who is very nice incidentally, that without a principal reduction this can't and won't be realized. The home is underwater about 80-90 thousand and a principal reduction is needed. The Connecticut Banking Commissioner, the lawyer we've been speaking to and Rosa DeLauro's office have all agreed that it can be done if the bank and the investor want it to be done, there is no God telling them that it can't. They can do anything that they SINCERELY WANT TO DO, IF THEY FEEL IT WOULD HELP, they've done it for VIP'S and special interests, so make us VIP'S for the moment, not really, we are just grassroots type of people and we love our home and do not want to lose it.
Robert told me that he would speak to the powers that be and see if they work something out. I hope so, otherwise, we are just spinning our wheels here and it just tells us that Bank of America doesn't even want to help a good customer such as my wife as she always keeps them fully informed of our every move and situation by communicating to them at every opportunity as problems arise. This last problem we didn't see coming with my income drying up. I never drew a paycheck but I was able to write a check on the business as a non-deductible expense. Having no employees, this eliminates obligations of workmen's compensation, unemployment insurance and quarterly payroll taxes. The business did operate with a severe loss as sales on the retail side were non-existent and the home improvements lacked luster also. Just a total mess and disappointment all the way around. Oh, I almost forgot, remember earlier I was talking about greed, well, home improvement have that problem also and some of them, took the jobs that I set them up with and didn't pay me my portion, they wanted it all, just like the banks, 2 for me, none for you type of distributions between friends and neighbors. This is modern day America at it's WORST.
Let's get back to the basics from years ago, when a neighbor would show up at the door with a pot of soup or would just call to see how you were, not today, not everyone calls their neighbor or friend, they're too worried that the person might ask you for something or will have to give them something. We don't take anything or want anything from our friends or neighbors, just a little work of kindness and moral support in hard times would be sufficient.
The bank is in control of our fate and the fate of many others, it's about time, they stopped thinking about those bonus checks and try their hardest to keep many millions of additional people from losing their homes.
We will say a prayer, hopefully they will not let us down, but it depends on who's channeling the decision, the Lord as we know him or the Devil himself.
Regards,
Happy Holidays
Banks and investors love to make billions, whereas, us average Americans just want to be comfortable, not greedy and living to excess. I told Robert, who is very nice incidentally, that without a principal reduction this can't and won't be realized. The home is underwater about 80-90 thousand and a principal reduction is needed. The Connecticut Banking Commissioner, the lawyer we've been speaking to and Rosa DeLauro's office have all agreed that it can be done if the bank and the investor want it to be done, there is no God telling them that it can't. They can do anything that they SINCERELY WANT TO DO, IF THEY FEEL IT WOULD HELP, they've done it for VIP'S and special interests, so make us VIP'S for the moment, not really, we are just grassroots type of people and we love our home and do not want to lose it.
Robert told me that he would speak to the powers that be and see if they work something out. I hope so, otherwise, we are just spinning our wheels here and it just tells us that Bank of America doesn't even want to help a good customer such as my wife as she always keeps them fully informed of our every move and situation by communicating to them at every opportunity as problems arise. This last problem we didn't see coming with my income drying up. I never drew a paycheck but I was able to write a check on the business as a non-deductible expense. Having no employees, this eliminates obligations of workmen's compensation, unemployment insurance and quarterly payroll taxes. The business did operate with a severe loss as sales on the retail side were non-existent and the home improvements lacked luster also. Just a total mess and disappointment all the way around. Oh, I almost forgot, remember earlier I was talking about greed, well, home improvement have that problem also and some of them, took the jobs that I set them up with and didn't pay me my portion, they wanted it all, just like the banks, 2 for me, none for you type of distributions between friends and neighbors. This is modern day America at it's WORST.
Let's get back to the basics from years ago, when a neighbor would show up at the door with a pot of soup or would just call to see how you were, not today, not everyone calls their neighbor or friend, they're too worried that the person might ask you for something or will have to give them something. We don't take anything or want anything from our friends or neighbors, just a little work of kindness and moral support in hard times would be sufficient.
The bank is in control of our fate and the fate of many others, it's about time, they stopped thinking about those bonus checks and try their hardest to keep many millions of additional people from losing their homes.
We will say a prayer, hopefully they will not let us down, but it depends on who's channeling the decision, the Lord as we know him or the Devil himself.
Regards,
Happy Holidays
Saturday, December 18, 2010
My Letter to U.S. Rep. Rosa DeLauro
Mrs. Ronni D. Mandell
135 Jones Street
West Haven, Ct. 06516
(203) 934-4232
To: Rep. Rosa DeLauro
Dear Representative DeLauro,
In 2009, Bank of America processed a modification on our mortgage and it worked for about a year, then, my husband, who had suffered two disappointments with 2 ventures, one was a home-improvement network, where he would provide advertising and networking for independent contractors finding them jobs to bid on. More or less, he was providing them with leads and in return they would pay our LLC a certain amount, mostly around 10%. This had done well in 2008 and 2009 but started to get more and more sluggish due to the inability of homeowners to secure loans from the banks to make necessary improvements to their home. This is what caused us to ask for the modification.
Since that time, we were trying to start a another venture, but on limited capital for that from my 401-K, we abandoned that idea and we also realized that the contractor network was not working any more along with the fact that several contractors didn’t pay my husband his portion for finding them the work. He is now under-employed at 61 years old. He will be 62 on the 28th of December. With his upcoming birthday, I convinced him, after refusals from him, to apply for early retirement, which he has been approved for. He will receive the first check on February 23, 2011.
We, at this time, can’t make our mortgage payment for December or January and February will be late. Knowing this problem was arising, we called and always communicated with Bank of America. We also learned from many people in our neighborhood and friends that at the time of our modification, there was nationwide tour going on by NACA, Bruce Marks, who has influence with the lenders and investors was getting great deals on 2% interest for the life of the loan, plus substantial principal reduction. Our net income will be roughly 2,700.00 per month and we were told by an attorney from Ct. Legal Service to play hard-nose ball with the lender and for us not to listen to the baloney about the investor having to approve it. She said that they are losing money on the loan already, there’s no equity and they should be glad that we want to stay if something would be worked out willingly by BOA and the investor. She said to insist on a 30% principal reduction and 2% for the life of the loan and perhaps payments will be in the ballpark of 31% of monthly income as the benchmark. Give or take a few dollars. She also said don’t settle for less, if they say no, tell them to foreclose and that it will take time, it won’t happen right away and that we should save our money.
We want to stay but we’ve also been told by the CT. Banking Commission, reporters and the attorney that it would be an added help to us if we can get a lawmaker in our corner to call on our behalf as a 3rd party, to request or suggest that they do something meaning and modify the mortgage whatever way they have to that will have an approximate $900.00 payment per month.
My husband can, according to the social security handbook and if God sees fit, he can work part-time as long as it’s within the guideline amount permitted by social security, which I believe is $14,160.00 per year. Hopefully, he will be able to find something in this very tough job market.
This housing meltdown is the fault of everyone, the banks, the government and homeowners that bought homes under the too permissive programs that were available from the predatory banks with the blessing of the government. When we bought in 2000, my husband was employed full time as an office manager until his boss lost the business due to a personal problem in 2003. My husband was with that company from 1997-2003 when it closed. Since then, he worked a part time job for a year and half and then tried some businesses of his own, we were able to pay bills as a non-deductible expense from taxes and he didn’t draw a paycheck per say, but it helped but things did not go well at all after a while. He is tenacious and he keeps trying many things but, now with much diminished income, my 401-k plan pretty much drained, it’s difficult to get anything going.
We are both helpful that you will go to bat for us, we always hear how you are the champion of your constituents, we voted for you in the last election and we would be greatly disappointed if you did not champion our cause.
Our contacts at Bank of America are:
Mr. Robert Serna-Negotiator
(877) 430-1431 Ext. 14139
Mr. Mark Martin
Office of the CEO
((877) 498-7226 Ext. 3916
(866) 681-5611
Email: mark.martin@bankofamerica.com
Ms. Barbara Desoer
President of Bank of America Home Loans
Email: barbara.j.desoer@bankofamerica.com
Mr. Brian T. Moynihan
CEO-Bank of America
Email: brian.t.moynihan@bankofamerica.com
Sincerely,
Ronni Mandell
December 17, 2010
URGENT
Friday, December 17, 2010
UPDATE: U.S. Rep. Rosa DeLauro has been contacted
Rep. Rosa DeLauro will be working on our case with the help of other Congress members as it's becoming more and more evident that the banks are not co-operating and doing everything they need to do for homeowners to stay in their homes. She also said that there are no regulations that limit what a lender can do. The lenders seem to be using that as out and excuse for their convenience and that of the investors. The repesentative also was grateful for my actions and the actions of my husband to not only help our situation but that of other stressed out homeowners.
Will keep all of your posted on any progress.
Ronni Mandell
Will keep all of your posted on any progress.
Ronni Mandell
Thursday, December 16, 2010
Connecticut couple fights to save their home.
Will The Bank of New York Mellon and Bank of America Work on Behalf of Senior Couple With 2 Rescued Greyhounds to Bring About Meaningful Change To Their Existing Mortgage?
By Mary Cordes
on December 16, 2010 United States of America
Up to 3 years ago, this couple had an A-1 credit rating, they are now like millions of others, who have had to endure hardship and the unjustly delegated blame for being irresponsible by taxpayers.
Everyone in this country knows full well that our politicians enabled banks to offer predatory loans, bankers in turn, sold those loans to consumers, packaged them, sold them, then they were sold over and over to investors, until the APR kicked in and all hell broke loose as the toxic loans were worthless and it trickled down to fixed loans also, therefore poisoning the entire mortgage industry.
With all this said, now the economy has tanked, banks were the first to be bailed out, followed by unions, carmakers, insurance companies and others. The ones that were denied any REAL and EFFECTIVE help, were the homeowners and they are struggling to survive, pay their bills, feed their families, while watching their homes lose value each and every day.
With all this said, now the economy has tanked, banks were the first to be bailed out, followed by unions, carmakers, insurance companies and others. The ones that were denied any REAL and EFFECTIVE help, were the homeowners and they are struggling to survive, pay their bills, feed their families, while watching their homes lose value each and every day.
This particular couple, who's home was worth $235,000 at it's high point and most recently appraised on Zillow at: $139,500.
The couple I make mention above are seeking a way to keep their home and will keep up that hope that Bank of America's executives, Chairman, Charles O. Holliday, CEO, Brian T. Moynihan and President of Home Loans, Barbara Desoer will work in conjunction with the President and CEO of the Bank of New York Mellon, Robert Kelly to make this happen. It would be refreshing to hear that a once considered responsible couple are allowed to keep their home and still provide a home for the 2 rescued greyhounds that they have taken into their home and hearts.
I also wish to express that this couple also wishes that others will receive the same type of understanding and co-operation should it happen.
They also petition any politician that wishes to show that if they really care about the hopes, dreams and problems of the people on Main Street to call them at: (203) 934-4232 or just continue carrying on feathering their own nests, working only for their own goals and benefits, while turning away from the people that really need help and moral support. It seems that they only want our vote then the arrogance and indifference begins, all over again.
This couple does not want a free ride, they want to be able to pay their mortgage every month, but they need a genuine offer of modification that is equal to 2% for the life of the loan with a modest, but fair, principal reduction. This way, they can recoup the pride they once had and will again, be able to hold up their heads high. They are strong individuals and have weathered the storm up till now and don't treat it as a hardship but merely a small stumble on the life's path that can be repaired with some help from the community, just like a sidewalk is repaired.
Just recently, they found that NACA was managing to get 2% for the life of the loan deals for many urban homeowners, this couple would appreciate the same type of treatment or the question arises that there is a discrimination factor in the entire housing repair project started by the government's HAMP programs and others with the bank implementing the programs according to the guidelines. Everyone is suffering and all are underwater, NOT JUST URBAN FOLKS with APR's. It has also been disclosed to the couple by many friends and neighbors that even urban homeowners with fixed mortgages received the 2% mortgage also with principal reductions due to NACA's influence in the mortgage market. Mr. Bruce Marks wields a heavy hand and the lenders and investors listen without a problem. Let there be no problem in this instance either, seniors need a break too.
Regardless of what happens, God will judge them at the end of their lives and this is when the proper rewards will be given to them by the Lord, God in heaven. You reap what you sow on this earth and you will reap only what you deserve for your inadequacy to respond to people's needs on earth.
Come on Bank of New York Mellon and Bank of America, get together and work for these fine folks and others to redeem your past indiscretions of reckless gambling away of the families dreams for a place to live and a place to thrive comfortably. The Mandells of West Haven, Ct. are hopeful but they are still not convinced that the Bank of New York Mellon and the Bank of America are concerned about all mortgage customers, just very few, as few as they have to, in order to maintain a good image for the press and nothing beyond that. This illustrates that these banks have operated so long without a heartfelt view of it's customers that it has, unfortunately, become automatic and easy for them to do horrible things without really giving it any thought whatsoever. Just thing how many people are left with no options at all and that will not make any true differnce in their situations or help the economic recovery.
If any media representatives or journalists are interested in this article despite it's lack of sensationalism and violence, please inquire. Recent press release received thousands of views but very few replies, shame, shame on the media and politicians, who wait until anger and loss of life rears it's ugly head. It's too bad that reporters can't and won't print a human interest story that has no massacres and mass murders inter-twined, just merely a couple fighting their damndest to fight for themselves and others like them.
Media Contact:
Mary Cordes
P.R. Rep.
(877) 557-4937
marycordes@sbcglobal.net
The couple I make mention above are seeking a way to keep their home and will keep up that hope that Bank of America's executives, Chairman, Charles O. Holliday, CEO, Brian T. Moynihan and President of Home Loans, Barbara Desoer will work in conjunction with the President and CEO of the Bank of New York Mellon, Robert Kelly to make this happen. It would be refreshing to hear that a once considered responsible couple are allowed to keep their home and still provide a home for the 2 rescued greyhounds that they have taken into their home and hearts.
I also wish to express that this couple also wishes that others will receive the same type of understanding and co-operation should it happen.
They also petition any politician that wishes to show that if they really care about the hopes, dreams and problems of the people on Main Street to call them at: (203) 934-4232 or just continue carrying on feathering their own nests, working only for their own goals and benefits, while turning away from the people that really need help and moral support. It seems that they only want our vote then the arrogance and indifference begins, all over again.
This couple does not want a free ride, they want to be able to pay their mortgage every month, but they need a genuine offer of modification that is equal to 2% for the life of the loan with a modest, but fair, principal reduction. This way, they can recoup the pride they once had and will again, be able to hold up their heads high. They are strong individuals and have weathered the storm up till now and don't treat it as a hardship but merely a small stumble on the life's path that can be repaired with some help from the community, just like a sidewalk is repaired.
Just recently, they found that NACA was managing to get 2% for the life of the loan deals for many urban homeowners, this couple would appreciate the same type of treatment or the question arises that there is a discrimination factor in the entire housing repair project started by the government's HAMP programs and others with the bank implementing the programs according to the guidelines. Everyone is suffering and all are underwater, NOT JUST URBAN FOLKS with APR's. It has also been disclosed to the couple by many friends and neighbors that even urban homeowners with fixed mortgages received the 2% mortgage also with principal reductions due to NACA's influence in the mortgage market. Mr. Bruce Marks wields a heavy hand and the lenders and investors listen without a problem. Let there be no problem in this instance either, seniors need a break too.
Regardless of what happens, God will judge them at the end of their lives and this is when the proper rewards will be given to them by the Lord, God in heaven. You reap what you sow on this earth and you will reap only what you deserve for your inadequacy to respond to people's needs on earth.
Come on Bank of New York Mellon and Bank of America, get together and work for these fine folks and others to redeem your past indiscretions of reckless gambling away of the families dreams for a place to live and a place to thrive comfortably. The Mandells of West Haven, Ct. are hopeful but they are still not convinced that the Bank of New York Mellon and the Bank of America are concerned about all mortgage customers, just very few, as few as they have to, in order to maintain a good image for the press and nothing beyond that. This illustrates that these banks have operated so long without a heartfelt view of it's customers that it has, unfortunately, become automatic and easy for them to do horrible things without really giving it any thought whatsoever. Just thing how many people are left with no options at all and that will not make any true differnce in their situations or help the economic recovery.
If any media representatives or journalists are interested in this article despite it's lack of sensationalism and violence, please inquire. Recent press release received thousands of views but very few replies, shame, shame on the media and politicians, who wait until anger and loss of life rears it's ugly head. It's too bad that reporters can't and won't print a human interest story that has no massacres and mass murders inter-twined, just merely a couple fighting their damndest to fight for themselves and others like them.
Media Contact:
Mary Cordes
P.R. Rep.
(877) 557-4937
marycordes@sbcglobal.net
Wednesday, December 15, 2010
We've been told that Robert Serna would be calling today by Mark Martin of BOA
He is evidently going to work on our case and try to get something done. We, however, do not hold much hope that anything that is done will make a difference as it will probably be the bare minimum, driving the loan principal up to the moon with not principal reductiona at all and the interest rate will not be 2% for the life of the loan, but the ascending rate modification that is in effect now. This is why we feel that people should patronize the local community banks, where they have a stake in your community, whereas, the big banks don't know about your community, per say, and really don't care as long as their banks are generating money from checking and savings accounts. Bottom line mentality is too prevalent in all big bank decisions, nothing to do with grassroots America.
Band-aid solutions by the banks and government will not solve the problem for make it go away, they must take a major portion of the blame for the meltdown of the housing sector, stand up like human beings and do something very constructive about it to REALLY HELP HOMEOWNERS.
The Natioanl Mortgage Bankers Association plays a a part in this scenario, as they would rather see the band-aid affect be administered rather than trying their best to save the patient (homeowner).
Band-aid solutions by the banks and government will not solve the problem for make it go away, they must take a major portion of the blame for the meltdown of the housing sector, stand up like human beings and do something very constructive about it to REALLY HELP HOMEOWNERS.
The Natioanl Mortgage Bankers Association plays a a part in this scenario, as they would rather see the band-aid affect be administered rather than trying their best to save the patient (homeowner).
Friday, December 10, 2010
Update-We heard from a very nice acceleration negotiator
On Wednesday, we heard from a negotiator by the name of Robert Serna, who is handling our situation and we are hoping he can do something for us to avoid any problems for the two months that we will be behind until my husband's social security kicks in.
We would be honored if one of the executive, who I have pictured on this site, perhaps, not in good way, and that will be rectified ASAP. We've both been very stressed out, we take paying our bills very seriously and when bumps in the road come along it sure upsets the apple cart. We know that some of the personnel from Bank of America have seen this blog and I've avoided optimizing it and I will make it more simple, like a diary and with God's help, we sincerely hope that Bank of America can do something for us.
Last evening, my husband spoke to a representative that works for the CEO and he was also marvelous, so we've been proved wrong, we were just stunned the other evening by Shawntia Culver, also a negotiator, who was cold and callous and made us very uneasy and she did manage, in her own way, to humiliate, look down upon us and that is why our reactions were a little over the top. We wish to put this to rest and we hope that Bank of America understands. We just need a lift for the 2 payments and then we will be late in February but a check will be in on or about Feb. 25, 2011.
The gentlemen that we spoke to last night suggested we issue a complaint on the negotiator that cut us down to size for no reason all. We will do that but we do not want her fired, she didn't use derogatory words or did she swear or anything as one representative did, when we were with Countrywide. Mortgage lending is tough business and the economy is putting a strain on everyone, so tempers do flare occasionally.
Mr. Mark Martin, will also be calling this evening as he wants to talk to my wife. He did say that Robert Serna is assigned to the case and he suggested to pursue a 4 month forebearance to allow the social security check to kick in. With that we will be able to meet the mortgage but he said that the investor has to approve the forebearance, but he did say that the last 24 months we have nothing wrong and at this time, we are current, we've tired like crazy to keep payments up, but the well at this time is dry but the solution is coming in February and my husband will also be trying to get another small venture going on a shoestring or try to find a part time job somewhere, but employment is tough for the younger set so who would really like and coot as he puts it. He is going to be 62 on December 28, 2010. I don't want anything to happen to him and he's like a mother, always worrying if I'm alright as I've been experiencing very high blood pressure the past few days and I have to keep that in check, hopefully, nothing else will surface to enflame it.
Sincerely,
Ronni
We would be honored if one of the executive, who I have pictured on this site, perhaps, not in good way, and that will be rectified ASAP. We've both been very stressed out, we take paying our bills very seriously and when bumps in the road come along it sure upsets the apple cart. We know that some of the personnel from Bank of America have seen this blog and I've avoided optimizing it and I will make it more simple, like a diary and with God's help, we sincerely hope that Bank of America can do something for us.
Last evening, my husband spoke to a representative that works for the CEO and he was also marvelous, so we've been proved wrong, we were just stunned the other evening by Shawntia Culver, also a negotiator, who was cold and callous and made us very uneasy and she did manage, in her own way, to humiliate, look down upon us and that is why our reactions were a little over the top. We wish to put this to rest and we hope that Bank of America understands. We just need a lift for the 2 payments and then we will be late in February but a check will be in on or about Feb. 25, 2011.
The gentlemen that we spoke to last night suggested we issue a complaint on the negotiator that cut us down to size for no reason all. We will do that but we do not want her fired, she didn't use derogatory words or did she swear or anything as one representative did, when we were with Countrywide. Mortgage lending is tough business and the economy is putting a strain on everyone, so tempers do flare occasionally.
Mr. Mark Martin, will also be calling this evening as he wants to talk to my wife. He did say that Robert Serna is assigned to the case and he suggested to pursue a 4 month forebearance to allow the social security check to kick in. With that we will be able to meet the mortgage but he said that the investor has to approve the forebearance, but he did say that the last 24 months we have nothing wrong and at this time, we are current, we've tired like crazy to keep payments up, but the well at this time is dry but the solution is coming in February and my husband will also be trying to get another small venture going on a shoestring or try to find a part time job somewhere, but employment is tough for the younger set so who would really like and coot as he puts it. He is going to be 62 on December 28, 2010. I don't want anything to happen to him and he's like a mother, always worrying if I'm alright as I've been experiencing very high blood pressure the past few days and I have to keep that in check, hopefully, nothing else will surface to enflame it.
Sincerely,
Ronni
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