Things that Make You Go….Hmmm
While many American’s get strung along by Servicers in the so-called ”Loan Modification” Farce, talking to different reps each time they call, faxing the same documents in for the umpteenth time… it seems that at least one homeowner was able to get modifications to multiple loans on multiple properties in what many would call “light speed.” In one case even after the home had been sold at a Trustee sale. HOW? By an act of congress? No, seems just being a member of Congress was enough to get it done.
Rep. Laura Richardson (D-CA) Representative Laura Richardson (D-CA) is a two-term member of Congress, representing California’s 37th congressional district.
Falling into Foreclosure in May 2008, Rep. Richardson’s Sacramento home was sold in foreclosure. She claimed that this had happened without her knowledge and contrary to an agreement with her lender. Rep. Richardson had failed to make mortgage payments on the property for nearly a year and had defaulted on other home loans as well.
Rep. Richardson also failed to include the mortgage on her Sacramento home on her personal financial disclosure statements. According to press reports, Rep. Richardson has defaulted on loans at least eight times on properties she owns in Long Beach, San Pedro and Sacramento. She also failed to pay approximately $9,000 in property taxes on the Sacramento residence. At the same time that Rep. Richardson was missing payments and failing to pay her taxes, in June and July 2007, she made three loans to her congressional campaign totaling $77,500.
On June 2, 2008, Washington Mutual Bank, Rep. Richardson’s lender, filed a notice of rescission of the foreclosure sale. By that time, James York, the man who had purchased the Sacramento home, had already invested money cleaning up the house and preparing it for resale. As a result, Mr. York filed suit against Rep. Richardson and Washington Mutual, alleging that Rep. Richardson received preferential treatment from Washington Mutual because of her position as a member of Congress. In July 2008, Mr. York dropped his suit, allowing Rep. Richardson to reclaim the home. In October 2008, Rep. Richardson shared her personal financial records with her hometown paper in order to show she was up-to-date on previously defaulted home loans. She claimed the loans for her Long Beach, Sacramento, and San Pedro homes had been modified and that her finances were in order. Rep. Richardson’s amended 2007 and 2008 personal financial disclosures failed, however, to include the mortgage loans for her properties in Long Beach, Sacramento, and San Pedro. Rep. Richardson’s housing issues have continued to plague the Sacramento neighborhood where one of her homes is located. In 2008, the Sacramento Code Enforcement Department declared her home a “public nuisance.” After visits to the home, city inspectors reported they found junk and debris in the driveway and rotting fruit in the backyard, attracting rodents.
In May 2009, after neighbors complained about the home’s overgrown yard, the city posted another violation requiring that the lawn be mowed. The lawn was mowed but issues with the upkeep of the house did not end. Neighbors e-mailed and wrote letters complaining about the state of the home to Rep. Richardson and to House Speaker Nancy Pelosi, to no avail. Eventually, neighbors began taking care of the house themselves: paying gardeners to mow the lawn, water plants, and rake leaves.
A loan mod? who’s better off with a loan mod? where they take you out of a situation where they can’t foreclose, and put you in a proper one that they can.
I am glad she got one instead of fighting the fraud filled one’s that she had, she rolled over for them X multple.
Don’t worry banks will get em. Daniel Sadik who run Quick Loan Funding into the ground got a loan mod too. I guess he knows where the bodies are buried.
this straight out of her “oficial” website, will make you go Hmmmmmm, twice!!
“Welcome to the official website of the 37th Congressional District of California! Since being elected to Congress, I have committed myself to working for you and responding to your needs and the needs of our community. As your Representative in Congress, I will fight everyday to improve our nation’s transportation systems and infrastructure, provide economic opportunities, increase our commitment to law enforcement, strengthen our educational system, and promote access to health care for each of our citizens.
On this website, you will find contact information for our Washington, D.C., and California offices. In addition, my legislative priorities, constituent services, and details about my ongoing district and congressional projects are available.
It is an honor to serve you.”
Hmmmmmmmmmmmmmm…..maybe we should all write to her and ask the secrets to succesfully get a Loan Mod so fast, furthermore why don’t we ask her to get it done for us, there yaaa goooo! that’ll be even better! , but wait, why don’t we ask her to help stop or reverse our foreclosures just like she did with hers??? after reading the introduction at her website, i have ZERO doubt that she’ll refuse to help us all to get our homes back!!
Hmmmmmmmmm.
What a shocker!!! i have not ever seen anything like this neither have i ever heard politicians getting preferential treatment!!! this simply proves ‘AGAIN” what we americans already know and have known forever, politicians do not work for us “the people” they work for themselves and will always. America, we need to unite and fight as a whole this crazy evil machine, I don’t see any other way to defeat it, one at the time will not make the cut. How much longer will we take it?
I would then tend to believe that she would vote for the lenders in any legislation that may come across her desk.
I though we were all equal under the law. Well that is when I was naive, now I understand that one has to fight and keep on fighting until the end. And then start again. These congress peole and senators live in a different world under different rules and with all the privilege their positions makes them see their surroundings and the pleas from those who like us are troubled, just a nuisance.
Would you vote for HER?
I will not, she is as I see it tainted.