Litton Loan Victim (Special Appearances By Guaranty Group, Temple Inland)

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We purchased our home on a 5 year Land Contract in
1992. March, 31, 1995. Pastor Lorenzo Glenn, of the
Macedonia Baptist Church, located at, 940 McKinley
Ave., Akron, Ohio (phone # 330-724-0966) came to our
door asking that we sign a lease agreement with
Everflow Eastern, an oil drilling company. We signed a lease agreement. The original agreement was NOT notarized. There are actually two different copies of this document, one being our original with Lorenzo Glenn as being a witness to our signatures, and the second recorded document with a woman's signature added at a later date of which she was not present at the original signing of the lease agreement.



(At no time, did Lorenzo Glenn state that he was acting as an agent for Everflow Eastern Co.)



We refinanced the home in April, 1997. Best
Financial, located at, 6760 Tussing Road,
Reynoldsburg, Ohio 43068, phone # 614-864-8550
originated our loan. Wigley Title Agency, Inc, located
at, 511 N. Main St. Akron, Ohio, phone # 330-434-6687
did the title services on the loan. All back taxes
were to be paid in full before time of closing the
loan. We later discovered that NO back taxes were paid
on the loan prior to closing. Walsh Securites, Inc.
located at, 4 Campus Drive, Parsipanny, NJ, 07054 was
the Trust on our loan.

Our loan was being serviced by Financial Mortgage Services, Inc. in the beginning of this fiasco. May, 1997 we received a letter from Financial Mortgage Services, Inc., telling us that our loan would be serviced by Temple Inland Mortgage starting June 3,1997.



Temple Inland Mortgage accepted some of our
payments, but refused or denied our payments and sent them back to us. We have had our payments put into a Suspense Account only to have that money mysteriously disappear. This caused HUGE late fees that were added to our loan and we received MANY letters from Temple Inland DEMANDING more and MORE money from us.



Forbearance Agreements were sent to us, but we did not fill them out because they looked more like refinancing papers, and we did not trust Temple Inland. Each phone call from this company added more money to our monthly mortgage amount, but they would not explain what the inflated amounts were for.





On May 26, 1998, Temple Inland Mortgage sent us a letter telling us that our loan would be serviced by Litton Loan Servicing starting June 1, 1998.
June 11, 1998, we received court papers from The Court Of Common Pleas Summit County, Ohio stating that Bankers Trust, and Temple Inland Mortgage had started formal foreclosure proceedings on us.

Bankers Trust, the Trustee for Temple Mortgage foreclosed on our property. Bankers Trust, the Trustee for Temple Inland Mortgage purchased our property. (The property went to a property management company called JW Properties, James O. Warren, P.O. Box 108 Wadsworth, Ohio 44282. The names on the property may have changed, in Jan, 2003 the property changed names to a man named, Ronald D. Levitt. NO money has changed hands, and all tax information is still being sent to this P.O Box as of December, 2004.)

Litton Loan Servicing and Litton Mortgage foreclosed on our property AFTER Bankers Trust and Temple Inland, Guaranty Residential foreclosed on our property. Temple Inland Mortgage, Guaranty Residential did NOT hold the note to our loan at the time that they foreclosed on our property.

These companies played Ping-Pong with our loan
from the day that they acquired the note. On our 1998
1099-A form, Litton Loan Servicing lists my husband as
the Borrower, but the Borrower's Social Security
Number is MINE, not his.

We did NOT know what these companies did to us until late June, 2003 when we tried to secure a loan on another property. A credit report check revealed that Bankers Trust, Guaranty Financial, Temple Inland Mortgage,
Litton Loan Servicing, and Litton Mortgage have ALL
foreclosed on our home.

These companies were stating to the credit reporting
agencies that we are in foreclosure and have taken out
more than ONE loan on the property. We took out ONE
loan, and not more than ONE loan on the property.
The write offs were taken by the mortgage companies
listed above as separate write offs. Each of these companies provided a different account number to the CRA'S for our one loan; there was only ONE account, and there should have been only ONE FORECLOSURE reported, and only one account number listed on our credit report.

Frustrated with the knowledge of what had happened with our credit report information, we contacted the Criminal Division of the IRS. Within 6 months, Guaranty Residential, a subsidiary of Temple Inland, began selling off its' residential loan production offices. Was this action due to our call to the Criminal Division of the IRS?



LATEST NEWS



December 14, 2004



Guaranty selling 19 residential loan offices



Guaranty Residential Lending Inc., a mortgage lending subsidiary of Temple-Inland Inc., is selling 19 residential loan production offices to Market Street Mortgage Corp. Market Street Mortgage, a subsidiary of Alpharetta, Ga.-based NetBank Inc.(NASDAQ: NTBK), already has bought five Guaranty branch offices. Those offices began operating under the Market Street named Dec. 6.



Guaranty has an agreement to sell 14 other offices in Georgia, Illinois, North Carolina, Tennessee and Virginia.



Austin-based Temple-Inland (NYSE: TIN) offers financial services, makes corrugated packaging and produces lumber.



During 2003, the 19 Guaranty offices originated more than $875 million in mortgage loans. Market Street plans to pursue additional retail branches. In May 2003, the company expanded into Texas by buying the assets of Memorial Park Mortgage.



In 2003, Clearwater, Fla.-based Market Street originated $3.1 billion in mortgage loans.



SOURCE, Austin Business Journal



http://www.bizjournals.com/austin/stories/2004/12/13/daily22.html?jst=s_rs_hl



More News From Temple Inland



Form 8-K for TEMPLE INLAND INC







--------------------------------------------------------------------------------



22-Dec-2004



Regulation FD Disclosure











Item 7.01. Regulation FD Disclosure



We previously disclosed in our Quarterly Reports on Form 10- Q for the second and third quarters of 2004 that an internal investigation revealed that Guaranty Bank's mortgage origination operation failed to file certain regulatory reports on a timely basis and may have violated applicable laws and regulations. Guaranty Bank reported its findings and corrective actions to the Office of Thrift Supervision (OTS). After the OTS reviewed the findings and corrective actions and conducted its own examination, it and Guaranty Bank have agreed to enter into a Stipulation and Consent to the Issuance of an Order to Cease and Desist for Affirmative Relief (Consent Order). Guaranty Bank agreed to the issuance of the Consent Order, without admitting or denying any wrongdoing or relevant findings, in the interest of addressing the matters subject to the review and avoiding the costs and disruption associated with possible administrative or judicial proceedings regarding those matters. Under the Consent Order, Guaranty Bank agreed, among other things, to take certain actions primarily related to its repositioned mortgage origination activities, including strengthening its regulatory compliance controls and management, enhancing its suspicious activity reporting and regulatory training programs, and implementing improved risk assessment and loan application register programs. No financial penalties were included in the Consent Order.



Guaranty Bank is in the process of completing implementation of these corrective actions and expects to have the majority of them in place by first quarter-end 2005. Guaranty Bank has also substantially completed the previously disclosed repositioning of its mortgage origination activities including the sale of its retail mortgage origination outlets. The sale of its third party mortgage-servicing portfolio should be completed by year-end 2004.



The Consent Order has no material impact on the operations of Guaranty Bank or its ability to pay dividends. We have not incurred any material financial loss as a result of this matter and have no reason to believe that the matters addressed in the Consent Order will result in any material loss. As previously announced, Guaranty Bank is on target to achieve record earnings in 2004 and is positioned for continued strong financial performance in 2005.



Forward-Looking Statements



This Current Report on Form 8-K contains forward-looking statements that involve risks and uncertainties. Our actual results may differ significantly from the results discussed in the forward-looking statements. Factors that might cause such differences include general economic, market, or business conditions; the opportunities or lack thereof that may or may not be presented to and pursued by us; availability and price of raw materials we use; competitive actions by others; changes in laws or regulations; the accuracy of our judgments and estimates concerning the integration of acquired operations and the consolidation and supply chain initiatives; and other factors, many of which are beyond our control.



SOURCE



http://biz.yahoo.com/e/041222/tin8-k.html



Many consumers are unaware of the underhanded dealings within this industry until it is too late. Bogus fees, manufactured defaults, and foreclosures are what many homeowners in today's market may face, unless we can find someone to listen, and DO SOMETHING to STOP this madness. When the powers that be start looking into the unethical, and many times, illegal activities of the mortgage industry, the mortgage industry simply changes the names of their companies in question and deny any wrongdoing, or they sell off their loans to other unethical companies, and continue to harm the consumer.



The mortgage industry is a dangerous game of, "HIDE AND SNEAK."



To learn more about Mortgage Servicing Abuse, please visit these web sites.




http://www.msfraud.org



http://www.ripoffreport.com



Glenn and Ann Holden



Akron, Ohio

 

NOTICE

PLEASE GET A COPY OF YOUR CREDIT REPORT.

Take a look at ours below and take notice of ACCOUNT NUMBERS, and TRANSFERS of mortgage servicers.  Temple Inland did indeed transfer the servicing to another entity...they transferred the servicing to THEMSELVES.

ALSO...

Take a GOOD LOOK at the ACCOUNT NUMBERS on our Litton Loan Servicing account.



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Want to get in touch? You can send me e-mail at:

bunglbeez@yahoo.com