If collections made a debt settlement offer or a company made a foreclosure rescue offer read this first We are not associated with Saxon Mortgage or Morgan Stanley. Some items are used by permission granted in the Fair Use guidelines of the 1976 U.S. Copyright Act. We are a watchdog and consumer advocacy organization.
On our Mortgage Blues website we wrote about the financial crisis as it built. We knew there was a problem, and started writing about it in 2005. Apparently Goldman Sachs and others knew it too, and bet against shady mortgages and resulting investment vehicles.
Strategic Defaults
Nearly 4.5 million mortgages are in foreclosure or headed [...]
Today I discovered what many people probably suspected. Saxon Mortgage did not foreclose in the middle of winter because homes would freeze and become damaged. Instead, Saxon Mortgage promised HAMP modifications that never happened, and foreclosed or threatened foreclosure when the weather moderated.
My wife also went to inspect our properties in Alabama. [...]
I learned something very important today and i want to pass along to all complaintants of SAXON motage.
I went to see my congressman today.. I was informed that he was able to help us file complaints with all of the State and Federal Offices that govern Mortage and Banking offices that provide licenses for Saxon [...]
We don’t know much about this but thought we should post it anyway. Be aware that some investors bank on the fact that homeowners will lose their home anyway. When home prices rise there is a profit to be made.
The submitter sent the information, so we are publishing it. Sometimes it works and [...]
TB in Pennsylvania said: “I’ve been attempting to get a modification since Sept. 2008, with very little luck. I’ve been through the run around, lost papers, inaccurate information, yes um… no… um yes again. I’ve been in the HAMP program since I signed my papers back in July. Here we are [...]
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