And the driver’s wife says to him: “Chase your goin HAFA pull over, the Cops are on your tail”! For some time our Country has tried to come to terms with the “Foreclosure Crisis”. We funded TARP which rolled into, and controls HAMP, and thus HAFA. And according to the Wall Street Journal on Saturday November 6, 2010 the Special Inspector General of TARP, Mr. Neil Barofsky is investigating and testifying on the issue. Some of his quotes in the article are just scandalous at least from my view. A quick web search of Mr. Barofsky (read this link) reveals some interesting points. He is a prior U.S. Attorney. Can anyone hear the echos of Federal Agents wandering the offices of the Loan Servicer’s (Banks). That is sound I heard when I finished reading the article.
Then factor in that Congressman Darrell Issa is now in a position to advance Congressional Investigations. Also, in the two Counties where he has constituents the housing crisis is massive. Those Counties were featured in my blog entry which makes the problem visual ” how long a line” represents Counties that are in his geographic district. Of course he has a real grasp of the situation, he has been dealing with it for a few years now.
Just on Friday I met with a client who in Mid September (this year) got a letter about making his first loan modification payment, then in Mid October he was told he did not qualify for the loan modification, just a little confusing? Then in the beginning of November he was foreclosed on. Now he is being summonsed to Court for eviction proceedings. The lender went right past the Fannie Mae Mandate to offer him a HAFA short sale. This, in my opinion is just plain wrong. The public has to be able to rely upon the rules that they read in HAMP and HAFA, and might I add that the banks agreed to.
I am going to leave this blog entry with a quote from the article and it reads ” Mr Barofsky says the oversight is toothless, noting that no servicers have been fined for bungled paperwork or improper foreclosures.” Something tells me that this prior U.S. Attorney is going to make a call to the FBI and he is going to investigate this until he gets answers. Honey, you HAFA pull over the cops are on your tail, can’t you see the red lights, Chase?
Here is a little advise once you pull over tell, the truth you don’t want to have to deal with both speeding and lying. 18 (USC) 1001 can get you a nice vacation at the slide bar motel.
George Kenner, Broker Associate Keller Williams Realty http://www.HAFA.us
Goodnight Mrs. Kalabash where ever you are.
619-723-5714 ca. Lic. #01229951