Nationstar Foreclosures
Why does the government pay banks to foreclose on homes?
I applied for a loan modification due to numerous reasons but at Citimortgage’s insistence. I was supposedly approved but after a year they kicked me out of the program without explanation, made up a huge 30k plus I owe without breaking it down, next day sold my loan to Nationstar for half my mortgage value so they already made a profit, the gov reimbursed Citi the discounted price they sold my mortgage to Nationstar who two weeks later filed foreclosure on me stating since I was kicked out of the modification which 99.99% are, they consider all the months I was on it as not paying bec they are choosing not to count the payments I made while under the program. Citi got thousands from the gov just to put me on the mod, then they got tens of thousands from the gov to kick me out and sell my loan at a discount then get reimbursed by the gov while I got screwed left and right and lied to while they steel my house thanks to the gov paying them to do so.
This sounds like a classic mortgage scam – which is illegal and certainly NOT sanctioned by “the government”. The mortgage company scammed both you and “the government”. Your problem could possibly be rectified by filing suit against the mortgage company and bringing it to the attention of federal authorities. Things like that are illegal and aren’t supposed to happen. Do something about it and DON’T blame “the government”. Blame the MORTGAGE Co who scammed you.
Nationstar Mortgage attorneys avoid KingCast/Mortgage Movies cameras in shady foreclosure case.
