Comments on: Freddie, Fannie Force Borrowers to Waive Legal Rights

By: 777222

777222 — Tue, 23 Jun 2009 19:07:41 +0000

I RECEIVED A REVERSE MORTGAGE FROM THE PNC BANK NEVER RECEIVED ANY PAPERS PRIOR TO CLOSING ON APRIL 23RD I RECEIVED CALLS FROM MR CHIP PAILLEX SAYING WE WERE GOING TO CLOSE THAT DAY (APRIL 23RD)I INFORMED HIM I RECEIVED NO PAPER WORK .HE THEN SET UP A 3 WAY CONVERSATION WITH HIMSELF A MR BEAL AND I ,IN WHICH I WAS TOLD THAT IF I DIDN'T CLOSE IT WOULD MOST LIKELY COST ME ANOTHER 20,000 AS FOR SOME REASON WE HAD TO CLOSE IN APRIL HERITAGE TITLE CO.(MR DENIS BIVONA REP.)
HAD THE CLOSING AT MY HOUSE HE PRODUCE THE PAPER WORK WHICH INCLUDED A
RELEASE AND WAIVER WHICH WE WERE NEVER TOLD ABOUT HE SHOWED UP APP 8 PM
MY WIFE IS ILL THUS I SIGN BLANK PAPERS ETC NOT TO UPSET HER ANY MORE NOW I'LL SEE
WHAT I CAN DO THIS STINKS . MIKE DANZA 908 637 98 91 NOTE THIS DENIS TOOK OUT 1,380.
FOR HOMEOWNERS INSURACE AND NEVERPAID IT.

By: Loan Modification leads

Loan Modification leads — Wed, 27 May 2009 09:39:36 +0000

Thanks for this post. Good thing that they'll review the waivers.

By: Loan Modification leads

Loan Modification leads — Wed, 27 May 2009 02:39:36 +0000

Thanks for this post. Good thing that they'll review the waivers.

By: Red Rooster

Red Rooster — Fri, 22 May 2009 20:50:25 +0000

Many of the Big Bank bailout candidates are including this in their Modification agreements. I am trying to decide weather or not to sign one now that contains such language. When approached about the verbage in the mod...I was told take it or leave it !! And our GOVT is backing the practice of signing away your rights. What country are we in??????????

HERE IS THE RELEASE/WAIVER VERBAGE

12. Release and Waiver of Other Claims: In consideration of the modification of certain provisions of the Note and Security Instrument, all as herein provided, and the other benefits received by Borrower hereunder, Borrower acknowledges that Borrower currently has no claims against Lender arising out of the origination or servicing of the Note or Security Instrument and does hereby release Lender, and its predecessors, successors, affiliates, assigns, agents, officers, directors, employees and representatives, of and from any and all claims, demands, actions and causes of action of any and every kind of character, whether known or unknown, present or future, which Borrower may have against Lender, and its predecessors, successors, affiliates, assigns, agents, officers, directors, employees and representatives, arising out of or with respect to any and all transactions relating to the Note and the Security Instrument occurring prior to the date hereof.fficeffice" /

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By: loanmodification

loanmodification — Thu, 05 Feb 2009 21:52:40 +0000

this is a very complicated,it's hard to decide whether to go on or not…but the best thing to do is find some credible and legal companies that can help you.

By: Bo McCarver’s weekly housing news compilation - 1/20/2009 « Texas housers

Bo McCarver’s weekly housing news compilation - 1/20/2009 « Texas housers — Tue, 27 Jan 2009 02:33:44 +0000

[...] Freddie, Fannie Force Borrowers to Waive Legal Rights By Mary Kane Washington Independent January 16, 2009 When the government announced in November that it would use mortgage giants Fannie Mae and Freddie Mac to streamline loan modifications for possibly hundreds of thousands of borrowers, officials billed the idea as a fast-track program to fight foreclosures. What no one mentioned is that homeowners would have to sign away their rights to sue, if they wanted to get those loans modified. [...]

By: Loan Modification

Loan Modification — Mon, 19 Jan 2009 23:52:45 +0000

this is a very difficult situation for those who has a bad debts.

By: Loan Modification to Avoid Foreclosure | Detroit Michigan Bankruptcy And Consumer Rights Lawyer

Mon, 19 Jan 2009 13:26:18 +0000

[...] and you make a deal changing the terms. Watch the fine print! Even the Fannie Mae and Freddi Mac mortgage loan modification forms require you to waive your rights against the mortgage company. What rights? All, of course, [...]

By: enjoy0rs

enjoy0rs — Mon, 19 Jan 2009 01:34:51 +0000

The most vocal opponent of the tactic has been Frank. Gordon said the July hearing featured a dramatic confrontation, in which Countrywide representatives denied requiring the waivers - until Gordon produced a copy of one from her briefcase.UGG Classic Cardy The lenders said they would put the waivers under review. Frank told them to put the waivers “six feet under” review, and to end the practice.