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    Letter To Attorney General PennyMac Mod

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    boytoy 9774
    This letter from Alfredo and Sherry Hernandez summarizes their ongoing struggle with mortgage lenders Countrywide and PennyMac. PennyMac recently acquired their loan from CitiMortgage and denied them a loan modification, offering instead a modification that increases their loan amount by $100,000-200,000. They request the Attorney General investigate mortgage lenders for fraudulent practices and help provide relief for homeowners. They provide documentation of their interactions with the lenders and costs incurred due to the situation.

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    © All Rights Reserved

    Letter To Attorney General PennyMac Mod

    Uploaded by

    boytoy 9774
    248 views3 pages
    This letter from Alfredo and Sherry Hernandez summarizes their ongoing struggle with mortgage lenders Countrywide and PennyMac. PennyMac recently acquired their loan from CitiMortgage and denied them a loan modification, offering instead a modification that increases their loan amount by $100,000-200,000. They request the Attorney General investigate mortgage lenders for fraudulent practices and help provide relief for homeowners. They provide documentation of their interactions with the lenders and costs incurred due to the situation.

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    Foreclosure

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    74888632 Letter to Attorney General PennyMac Mod

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    This letter from Alfredo and Sherry Hernandez summarizes their ongoing struggle with mortgage lenders Countrywide and PennyMac. PennyMac recently acquired their loan from CitiMortgage and denied them a loan modification, offering instead a modification that increases their loan amount by $100,000-200,000. They request the Attorney General investigate mortgage lenders for fraudulent practices and help provide relief for homeowners. They provide documentation of their interactions with the lenders and costs incurred due to the situation.

    Copyright:

    © All Rights Reserved
    248 views3 pages

    Letter To Attorney General PennyMac Mod

    Uploaded by

    boytoy 9774
    This letter from Alfredo and Sherry Hernandez summarizes their ongoing struggle with mortgage lenders Countrywide and PennyMac. PennyMac recently acquired their loan from CitiMortgage and denied them a loan modification, offering instead a modification that increases their loan amount by $100,000-200,000. They request the Attorney General investigate mortgage lenders for fraudulent practices and help provide relief for homeowners. They provide documentation of their interactions with the lenders and costs incurred due to the situation.

    Copyright:

    © All Rights Reserved
    of 3

    Alfredo & Sherry Hernandez

    27612 Tarrasa drive


    Rancho Palos Verdes, CA 90275
    (310)833-8847
    November 27, 2011

    Kamala D. Harris
    Attorney General
    Public Inquiry Unit
    Office of the Attorney General
    P. O. Box 944255
    Sacramento, CA 94244-2550

    Attention: Mortgage Fraud Unit

    Re: MORTGAGE FRAUD


    PennyMac

    Attorney General,

    This letter is a follow-up to my previous four letters. I called your office a few weeks ago to
    ascertain if anything was being done toward charging the Banksters that had knowingly put our
    economy in this avalanche of loss. I wanted to know if my letters had been received and if
    anything was being done toward getting relief for the homebuyers who are fighting for their
    homes. I was told to “write a letter.” I have written several. It is because of your recently
    formed Mortgage Fraud unit that I had hoped to draw attention to the kind of abuse we
    homebuyers are forced to endure.

    The fact that we have written your office numerous times and still nothing is done is indicative of
    the frustration we feel with our legal system as we learn just how unimportant we are
    considered. There was a time when professionals were held to a standard of integrity, but it
    seems that the primary ones held to that standard now are the homebuyers. We are labeled
    “deadbeats” who cannot handle our money, who got in over their heads and didn’t think ahead,
    while the ones who orchestrated this present disaster are rewarded with new business ventures,
    as in the case of PennyMac.

    PennyMac has just recently acquired our loan and moved immediately toward foreclosure after
    NOT honoring the temporary modification that had been issued by CitiMortgage. 1 CitiMortgage
    sold our loan after making a temporary modification agreement with us and before the
    agreement was completed.2 After PennyMac received our loan they went immediately for
    foreclosure. When we objected, they allowed us to fill out a HAMP modification form, even
    though we informed them that we did not qualify for HAMP unless they reduced the principle
    balance. Still, they insisted and then sent us a form letter telling us we did not qualify for HAMP. 3

    1 Copy of CitiMortgage mod


    2 CitiMortgage sells our loan to PennyMac
    3 Copy of PennyMac Hamp rejection letter

    1
    This would almost qualify for a comedy skit, if it were not our lives on the line. Why are our
    public officials not doing anything about this travesty? Private citizens could not get away with
    giving our word and then reneging on our agreement as the Corporations are allowed to do!

    After turning us down for a HAMP modification, which we knew before we started, they offered
    to have a “board meeting” to see if they could make an exception for us. I am enclosing a copy
    of the Modification they offered us.4 It is $100,000 more than our original loan with
    Countrywide, when we purchased this property, and $200,000 more than the value of the
    property5. In addition, PennyMac is charging us $995 just to consider this temporary
    modification, which they have left open-ended so that they can deny us at anytime during the
    process! This is leaving us with the uncomfortable feeling of not having control of our own lives.
    Is this really an acceptable way to do business?

    We have written to your office previously about how we were held to a prepayment penalty we
    did not agree to, by Countrywide HomeLoans. We have been trying for over four years to do
    things the right way, to take our differences to court before a jury and we have been blocked at
    every turn. Even when the court had hearings the judge took the attorneys behind closed doors
    and we were not allowed to be privy to what was going on in our own lawsuit, other than our
    attorney coming out and relaying the information. What kind of justice is this?

    We cannot afford this modification that is tantamount to robbery. After all we have been
    through to get away from the bad practices of Countrywide Home loans, they are allowed to
    have control over our loan again under the guise of PennyMac. They profit over their past
    DOCUMENTED6 bad behavior, and we are forced into bankruptcy! Is it any wonder the people of
    our nation our camping out on government facilities?

    I am enclosing a copy of our response to PennyMac, which included our recommendation for a
    modification we could live with.7 We also forwarded a letter addressed to Stanford Kurland
    outlining our plan. (I have not included that here). I believe that this format could work with the
    citizens who are struggling to save their homes and who have spent their lives living as
    responsible citizens. All we need is the opportunity to make things right again without being
    openly robbed!

    I am including with this letter a cost breakdown of what this fiasco has cost us in additional
    money because of mortgage fraud.8 This does not even entail the emotional stress. Something
    needs to be done, and soon. Every day that goes by with inaction another innocent family is
    tossed out onto the street, the poverty level goes up and our faith in our government and way of
    life is ripped apart.

    Your office has set up a mortgage fraud task force. When will we see your office go after
    MORTGAGE fraud? There is more than enough “experts” and “evidence” to begin to formulate a
    lawsuit holding the corporations accountable. The truth is out there, just search the internet for
    the millions of stories of people like us, who have NOT lost their jobs, but are still losing their
    homes, due to fraud and misrepresentation by the mortgage lenders!

    4 copy of loan mod from PennyMac


    5 Zillow property estimate
    6 a SMALL smattering of documented bad behavior.
    7 Response to PennyMac’s mod offer
    8 cost of damages

    2
    Again, please review the enclosed correspondence and use it to crack down on the lenders and
    their abusive practices. Close THEIR offices and confiscate THEIR files and bank accounts. Stop
    them from being allowed the freedom to continue to abuse their customers without evidence. At
    the very least your office could put a stop to all non-judicial foreclosures and make
    them prove their cases.

    I am available to answer questions at the above number. Just call.

    Respectfully,

    Sherry Hernandez

    P.S. I have included a copy of our ordeal titled “We Are Not Deadbeats”, again,
    so that you can have a small idea of the difficulties we homebuyers have had to
    face.9

    9 We Are Not Deadbeats

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