Why Are Many Banks Haulting Foreclosures?

I read on the internet that A Lawyer had discovered GMAC using "robo-signers" in essense someone was signing the approval of thousands of foreclosures. The "robo-signer's" signature is stating he/she validates the documents as reviewed to be correct and in order. But this has not been the case the "robo-signer" has signed thousands of foreclosure documents without even knowing the individual cases. This is appalling. Families are displaced, uprooted and broken up with absolutely no consideration from the banking institutions. Thankfully one Lawyer was able to take note and stand up. A little too late for thousands of homeowners but not too late for thousands more.
I continue to be amazed at how those with the money are so careless when it comes to families. Really? For convenience and savings thousands of families have lost their homes and no one is going to fix that for them? This is un acceptable, what can be done to help those families now? Thousands of families are now paying rent to investors and making the rich richer. This is not boosting our economy, to the contrary. It is creating a nation of distrust in our government who is not moving fast enough to save the people it works for. Our government who continues to give our money away to these corporate giant without setting clear defined guidelines to assure the public is the priority and not cost cutting to get these giants on top. Does the public really need the giant banking institutions? I have always preferred the smaller local community banks and credit unions. Sure they were a bit tighter on rules. But the power was pretty well equally matched. These smaller institutions understood they need the consumers as much as the consumers need them.
And as usual I am still waiting for a response from Bank Of America. I call Andre my HUD Counselor at least once a week or I email him for an update. Since Andre requested that I call him as opposed to the Bank directly. I am happy to oblige and let Andre do the representation he is trained to do and I am so appreciative for.

Contacting HUD for help!

With almost every phone call to Bank OF America I have been given the HUD "Housing and Urban Development" telephone number. In the beginning of my many phone calls it sounded like Bank Of America was interested in helping me with an affordable modification of my home loan. I questioned a few BOA reps "how will the HUD counselors help?, will they do more then I am doing directly with you Bank OF America?" I was told no. So I felt working directly with BOA would and should get me results as I have been through a modification once before when I left the real estate industry and returned to my past career of Nursing. I was able to negotiate directly with my lender and given an affordable modification. But with the loss of my state job I ended up in the same financial situation and it took me much longer to get back on my feet. But since I have a strong career and ultimately returned to the company I was at when I bought my home over ten years ago. I thought that would be in my favor... Well no one is looking at "history" and with the run around and having to start all over three times with Bank Of America I have called the HUD line which was ultimately useless. The HUD number I was given asks for your zip code to direct you to the nearest HUD certified Counseling office. The computer system could not find a match and essentially was no help at all. A look online gave me the nearest office. I have an appointment for 8/4/10 I want to meet in person. I was offered counseling over the phone but declined. That just feels too impersonal and my home is very personal to me. How can they counsel someone without seeing verified documents of income and debt.? I don't understand that system. I was told the counseling is free and the counselor and myself would have a three way telephone meeting with my mortgage company to try to come to a resolution. I pray this helps.

I also searched online for any open lawsuits against Bank Of America as the run around is unacceptable and something has to be done about it. I can not believe the hope I have been given only to be shocked by not qualifying.

I also sent an email to Mr. Obama about my personal experience with the company he BAILED OUT with our money. I asked for his opinion as what to do from here and questioned him about the thousands of families that did not receive help from Bank Of American and what are they to do? I told him " I do not see how any of this is helping our communities" I figure if he can answer a little girls email on her getting BULLIED at school. Then he certainly can answer my email on getting BULLIED by the banks he bailed out!