Comments for Save the American Dream http://savetheamericandream.org Wed, 02 Jan 2008 20:52:32 +0000 http://wordpress.com/ hourly 1 Comment on Moratorium on foreclosures is proposed in Cuyahoga County by links for 2007-12-17 | Brewed Fresh Daily http://savetheamericandream.org/2007/12/17/moratorium-on-foreclosures-is-proposed-in-cuyahoga-county/#comment-97 links for 2007-12-17 | Brewed Fresh Daily Wed, 02 Jan 2008 20:52:32 +0000 http://savetheamericandream.wordpress.com/2007/12/17/moratorium-on-foreclosures-is-proposed-in-cuyahoga-county/#comment-97 [...] Moratorium on foreclosures is proposed in Cuyahoga County « Save the American Dream [...] [...] Moratorium on foreclosures is proposed in Cuyahoga County « Save the American Dream [...]

]]> Comment on BBC reports on Cleveland foreclosures by links for 2007-10-30 | Brewed Fresh Daily http://savetheamericandream.org/2007/10/29/bbc-reports-on-cleveland-foreclosures/#comment-96 links for 2007-10-30 | Brewed Fresh Daily Mon, 31 Dec 2007 15:31:19 +0000 http://savetheamericandream.wordpress.com/2007/10/29/bbc-reports-on-cleveland-foreclosures/#comment-96 [...] BBC reports on Cleveland foreclosures « Save the American Dream [...] [...] BBC reports on Cleveland foreclosures « Save the American Dream [...]

]]> Comment on Take Action Now! by mplw http://savetheamericandream.org/take-action/#comment-90 mplw Mon, 17 Dec 2007 05:02:49 +0000 http://savetheamericandream.wordpress.com/#comment-90 Thank you for the information. I have a loan with Countrywide and I was a Stated loan w/ high interest and no doc's... We are now in foreclosure. Any information we be appreciated. Thank you for the information. I have a loan with Countrywide and I was a Stated loan w/ high interest and no doc’s… We are now in foreclosure. Any information we be appreciated.

]]> Comment on Our Platform by elconquistador http://savetheamericandream.org/our-platform/#comment-78 elconquistador Wed, 28 Nov 2007 18:15:07 +0000 http://savetheamericandream.wordpress.com/our-platform/#comment-78 To hell with personal responsibility, let's all have McMansions! To hell with personal responsibility, let’s all have McMansions!

]]> Comment on Countrywide to the world: Borrowers made them do it by mariahsf http://savetheamericandream.org/2007/11/13/countrywide-to-the-world-borrowers-made-them-do-it/#comment-75 mariahsf Fri, 16 Nov 2007 00:09:37 +0000 http://savetheamericandream.wordpress.com/2007/11/13/countrywide-to-the-world-borrowers-made-them-do-it/#comment-75 Shame on youCountry Wide!!!! I just called them to lower my intrest rate, so I would not forclose, and they said they can't lower it. I told the guy " you mean to tell me, you rather have a forclosure than reducing from 7.5% to 6.5%? and he said no, than I say then why don't you lower the intrest so I could make my payments, he went on with so much garbage, that I came to the conclusion, this companies are the ones that get you in trouble! To tell you, they even charge me $6.00 dlls just to make my payment online!!!!. So they don't want to help anyone. I hope something or someone really can help. Thanks, Marie. Shame on youCountry Wide!!!! I just called them to lower my intrest rate, so I would not forclose, and they said they can’t lower it. I told the guy ” you mean to tell me, you rather have a forclosure than reducing from 7.5% to 6.5%? and he said no, than I say then why don’t you lower the intrest so I could make my payments, he went on with so much garbage, that I came to the conclusion, this companies are the ones that get you in trouble! To tell you, they even charge me $6.00 dlls just to make my payment online!!!!. So they don’t want to help anyone. I hope something or someone really can help.

Thanks,
Marie.

]]> Comment on Countrywide responds to foreclosure crisis by giving out wristbands by Your Foreclosure . Info » Countrywide responds to foreclosure crisis by giving out wristbands http://savetheamericandream.org/2007/10/04/countrywide-responds-to-foreclosure-crisis-by-giving-out-wristbands/#comment-36 Your Foreclosure . Info » Countrywide responds to foreclosure crisis by giving out wristbands Fri, 12 Oct 2007 12:21:03 +0000 http://savetheamericandream.wordpress.com/2007/10/04/countrywide-responds-to-foreclosure-crisis-by-giving-out-wristbands/#comment-36 [...] support wrote an interesting post today onHere’s a quick excerptTo counter criticism that its lending practices are to blame for a surge in foreclosures, Countrywide plans to emphasize its “mission” of helping Americans become homeowners, the transcript says. “I want employees to look down at their … [...] [...] support wrote an interesting post today onHere’s a quick excerptTo counter criticism that its lending practices are to blame for a surge in foreclosures, Countrywide plans to emphasize its “mission” of helping Americans become homeowners, the transcript says. “I want employees to look down at their … [...]

]]> Comment on The truth about Countrywide- NY Times and LA Times report by www.bodybuildingandexercises.info » The truth about Countrywide- NY Times and LA Times report http://savetheamericandream.org/2007/10/04/the-truth-about-countrywide-ny-times-and-la-times-report/#comment-34 www.bodybuildingandexercises.info » The truth about Countrywide- NY Times and LA Times report Fri, 12 Oct 2007 06:01:47 +0000 http://savetheamericandream.wordpress.com/2007/10/04/the-truth-about-countrywide-ny-times-and-la-times-report/#comment-34 [...] savetheamericandream wrote a fantastic post today on “The truth about Countrywide- NY Times and LA Times report”Here’s ONLY a quick extractEven so, the workouts that Countrywide boasted about last week include two types of deals that wind up forcing borrowers from their homes. Almost 14 percent of its homeownership preservation efforts involved borrowers who agreed to sell … [...] [...] savetheamericandream wrote a fantastic post today on “The truth about Countrywide- NY Times and LA Times report”Here’s ONLY a quick extractEven so, the workouts that Countrywide boasted about last week include two types of deals that wind up forcing borrowers from their homes. Almost 14 percent of its homeownership preservation efforts involved borrowers who agreed to sell … [...]

]]> Comment on False hope or creating sustainable homeownership? More on freezing ARM rates by www.getbestloansnow.info » False hope or creating sustainable homeownership? More on freezing … http://savetheamericandream.org/2007/10/10/false-hope-or-creating-sustainable-homeownership-more-on-freezing-arm-rates/#comment-29 www.getbestloansnow.info » False hope or creating sustainable homeownership? More on freezing … Thu, 11 Oct 2007 10:04:10 +0000 http://savetheamericandream.wordpress.com/2007/10/10/false-hope-or-creating-sustainable-homeownership-more-on-freezing-arm-rates/#comment-29 [...] savetheamericandream wrote a fantastic post today on “False hope or creating sustainable homeownership? More on freezing …”Here’s ONLY a quick extractChairman Sheila Bair has been stumping for the vast majority of such loans to be frozen at their initial interest rates. In her view, credit tightening and falling home prices have precluded refinancing these loans, and the choice is … [...] [...] savetheamericandream wrote a fantastic post today on “False hope or creating sustainable homeownership? More on freezing …”Here’s ONLY a quick extractChairman Sheila Bair has been stumping for the vast majority of such loans to be frozen at their initial interest rates. In her view, credit tightening and falling home prices have precluded refinancing these loans, and the choice is … [...]

]]> Comment on NTIC Tells Countrywide and Wells Fargo to STOP the Foreclosure Crisis by sfmacintosh http://savetheamericandream.org/2007/09/26/ntic-tells-countrywide-and-wells-fargo-to-stop-the-foreclosure-crisis/#comment-3 sfmacintosh Wed, 26 Sep 2007 19:49:31 +0000 http://savetheamericandream.wordpress.com/2007/09/26/ntic-tells-countrywide-and-wells-fargo-to-stop-the-foreclosure-crisis/#comment-3 With all due respect, you appear to ignore the fact that no one is forced to purchase a home. It would be all too easy to sign up for one of these mortgages, but it doesn't take a genius to realize that they are heavily stacked in favor of the lender, not the borrower. I think you should seriously reconsider what you're asking the government and private industry to do. We as the consumer need to realize how powerful our signature is, and take the time to read the fine print. If one can't do that, then 'caveat emptor'. They will receive the consequence of their actions. I encourage Countrywide and Wells Fargo to hold their position; they have lived up to the requirements set forth in each contract - it's time for the 'homeowners' to do the same. It's a bitter pill to swallow, but it's reality. With all due respect, you appear to ignore the fact that no one is forced to purchase a home. It would be all too easy to sign up for one of these mortgages, but it doesn’t take a genius to realize that they are heavily stacked in favor of the lender, not the borrower.

I think you should seriously reconsider what you’re asking the government and private industry to do. We as the consumer need to realize how powerful our signature is, and take the time to read the fine print. If one can’t do that, then ‘caveat emptor’. They will receive the consequence of their actions.

I encourage Countrywide and Wells Fargo to hold their position; they have lived up to the requirements set forth in each contract – it’s time for the ‘homeowners’ to do the same. It’s a bitter pill to swallow, but it’s reality.

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