My husband and I purchased our home in 2005 and Lime Financial told us that this Non stated income was the easiest and best loan out there. We fell for it! They assured us that we could refinance easily within 2 years. That was not true. They want our interest rate to go up and it did. We had no problem paying our loan for 2 years and then the bottom fell out to say the least. We tried everything.
My husband called them 3 to 4 times a week and was promised everything. "Oh, we'll do that, we can lower you interest rate and re-work your loan". We waited from August until just after the New Year and continued calling, being told our new loan was on it's way to us. We let them know we hadn't made a house payment because of waiting on them. They continued to say it wasn't a problem. This went on several more months until they finally told my husband that the gentlemen (Jason) no longer worked in that department and our paperwork mysteriously disappeared so we needed to fill out the paper work again and again.
We then find out that LIME FINANCIAL IS IN BANKRUPTCY! We now had to start all over with the new Servicer who was WHILESHIRE FINANCE. The nightmare started all over again with the same song and dance and the continuous delays. So now we haven't made a house payment since August and it's now the end of February!!! So now their having a fit with LAWSUITS GALORE! We're filing a lawsuit against them! The Attorney for Wells Fargo Bank told us that he would just get it thrown out! We are still suing to keep our home and to try to get a loan modification for the FAIR MARKET VALUE AT A MUCH LOWER INTEREST RATE.
If we don't win then we lose our home. These banks did this, they allowed this type of lending so that they could make Billions off of familys across the U.S. And now they want a BAILOUT AND THEY WANT TO BE ABLE TO FORECLOSE IN ORDER TO RESALE THESE HOMES TO MAKE MORE MONEY!!! This has got to stop!!! This can't be legal. This has to be illegal lending practices!!! There's no way this can be legal. This is predatory lending!!! They are making BILLIONS OFF OF THIS SCAM. We will fight them as long as we can to keep our home. We've worked for 40 years and can make our house payments if WELLS FARGO BANK is not allowed to rip off the American Family.
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