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.