I need HELP because FANNIE MAE SUCKS....at least in Arizona!

I'm encouraging any of my homeowners that are considering HAFA to not pursue it.  HAFA is heavily geared in favor of the lender, NOT THE HOMEOWNER.  I encourage my homeowners to opt out of HAFA and do a traditional short sale.  I'll take my chances!!  The homeowners sign a DEED - IN LIEU if they sign up for HAFA.  They have to agree to a DIL if they decide to become part of the HAFA short sale program.  It's a joke.  The LENDER sets the sale price via a BPO of their choice.  DAMNIT...if we get a newbie, and the BPO is too high, guess what!!!???  The home won't sell and my homeowners just agreed to a deed in lieu (friendly foreclosure)

NO THANK YOU!!  I'm done with ridiculous government run programs.  The HAMP program was supposed to help 4 million homeowners.  Too date I'm not sure that even 100,000 modifications have been made.  WHAT A JOKE!

The only reason for the HAMP and HAFA programs seems to be getting the homeowner to sign REAL paper that reconfirms the loan and won't be lost next time (giving the Mortgage Bankers and Wall Street a second chance to steal your home).

And, the monster that was created solely to cover it all up, MERS, will be on each and every one of those new mortgages and modifications, sealing the fate of the homeowner as a perpetual renter of his government-owned home.

Wake up, all you attorneys and judges who purport to follow the consumer protection laws of this country - the Government ALLOWED the creation and use of MERS by Bankers, GSE's, Title Companies, Insurance Companies, and Trade Companies to sidestep UCC and Trade laws - easier than declaring emminent domain is using Fannie Mae to buy back all the bad mortgages (which, of course, cannot be fought by the borrowers who were damaged), saving the pockets of Wall Street and making the working-class citizens of this country back up the repurchases while keeping the foreclosed homes for resale - again with MERS as the phony mortgagee.

Then, who will own your mortgage lien? Well, if your were not already foreclosed upon, your mortgaged home and the land it's on belongs to the Federal Government who owns Fannie Mae. So, if you are like most people I know or I have heard about, you were induced into a refinance of your long-time home, were only able to discover fraud at the execution either within a month of closing or at the time you tried to sell your home because the lender/servicer continually concealed important information or the loan was misrepresented and your QWR's went unanswered for just the amount of time needed for a SOL to exercise your consumer rights to pass, a foreclosure was pursued and WON by a party who had no legal standing, or you are still fighting for your rights under laws Congress promogulated to protect the borrower but are being twisted in court to benefit only the sophisticated lender and its posse of government-sponsored and funded theives with bigger pockets and real attorneys.

If everybody owned their home outright, there would be no money made by the government. They will do everything and anything to prevent people from owning their own homes. Seems to be Communism disguised as a Democracy. The government wants complete ownership of the land, in my opinion, so they can create wealth based on mortgage loans that are destined to default at a predicted time. Meanwhile, you will pay a hefty amount monthly while maintaining it, and when you cannot maintain it, all of your investment in the property, all of the payments you made, AND the property itself will be taken in an unfair court of "equity". Then, your property will be remortgaged under the same entities, to a new sucker.

On top of all this, you worked hard for a living, paid the outrageous and numerous taxes which reduced your dollar value to less than 50% (and would make the Boston Tea Party conflict look like a kindergarten balloon fight), but now you are homeless or near to it, possibly relying on government funds to survive, and those funds are coming from the next sucker. Besides this, your children are being denied a full and meaningful free education, your pension is not secure or is now non-existent, your life, liberty, and pursuit of happiness is threatened daily or has already been taken from you or denied.

In this country, there is one thing that has changed - it is no longer "by the people, for the people".

Fannie mae does suck, they basically take gov't money and waste it.  I know first hand, I used to work there and the spending on crap initiatives and waste of time town hall meetings, it's pathetic.  Employees there are incompetent, their database is completely screwed up, and yet they are supposedly some light to the mortgage crisis.  Gov't should stop giving them money