My mortgage with Source One was purchased by Citibank. After I paid them 3 months of payments, they sent the payments back and put my home into a foreclosure action.
I was advised by reliable groups (clerks in the Supreme Court Building, Riverhead, New York, and the FHA/HUD office in Philadelphia) that Citibank made this a common practice. They would purchase smaller banks that had many FHA mortgages, then foreclose on them. It was a win-win situation for them, since these were federally insured mortgages. The clerk's office advised me to fight the action, and I did. It was a David-and-Goliath situation. I won and the mortgage was vacated. The last two motions, mine and the answer by Citibank's lawyers, were signed and filed in Suffolk County Records, Index No. 00-16548, Motions 4 and 5.
Three years of peace went by for my 2 daughters and me. Then Citibank Mortgage filed another foreclosure action. My sources in the Supreme Court, Riverhead, NY, now advised me to sell, since they have seen what happens when Citibank does not want to let go. They informed me that I would at least get my equity out of the house, even though my girls and I were homeless. I had also planned on an equity line of credit to help my older daughter get through college tuition and room and board.
My house sold quickly due to its location, property and so on. It affected my health (I am disabled), but we closed. Even though I should have received a lot of equity, Citibank put a lien on the house for $229,000. My house only cost $144,000. They destroyed my credit and initially listed it as a foreclosure on my credit and on my older daughter's.
I also have a history with Citibank. I sold my car and paid off the Citibank lien. They refused to release the lien for many weeks, so the purchasers could not register the car. The buyers were about to bring it back when I had to behave in a shameful manner at the local Citibank branch to coerce them to release the lien.
I had power of attorney on an equity line of credit on my mother's house. I paid the bills, and they agreed not to call or send any bills to my mother, as she was in fragile health. Seven years went by, and then they sent a bill to my mother claiming the equity loan had not been paid in 6 months and that they were filing a foreclosure action. One of my brothers found out and believed their story, even though I had proof of payment. He paid their extortion fees.
Recently, my home was put up for sale and I have started another campaign, writing to politicians and Citibank. I told them, and still believe, that the only way to make this right would be for the bank to pay the price to the sellers and put the house back in my name free and clear.
Thank you in advance for any help you can give me.
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