Last part: This is perhaps why Harborline mortgage brokers let him pretend to own the office and act like the principle broker there, sitting at the owner Michael Milton’s desk, and discussing the family photos and fish tank and memorabilia as if it were his own. All those brokers were there listening, there was a jovial atmosphere, great guys all supporting their big boss Jason Varela. Meanwhile, he had no license, and they were conspiring to sign the 1003’s(applications) later. Oh, we were duped. It turned out that he faked both closings before the same day, then the next meeting was to fake close our new house. Back to the mortgage standards, Lenders do not let brokers work for them anymore if a single one of their loans defaults within the first year. Mr. Varela, having legally stolen a house from the client that introduced us to him, had refi’d it way up in a declining market, cashing out for himself, then in January, sold it for another 100k profit to one of his new customers, while telling the buyer he would lease it back for a huge monthly profit. Mr. Varela defaulted on the first lease payment, so the new buyer knew he was screwed intentionally, so he defaulted, never making a single payment. This owner was served a lispendence, intent to foreclose, a couple months before Mr. Varela was enabled to defraud me. My loans were written during the final death throws of Novastar, I mean literally one of the final days before declaring insolvency. This was also well into Wachovia’s final efforts to defraud the world’s investors of mega billions. Wachovia stayed afloat another year I think. Makes me sick, ill, and ever increasingly angry. When I feel awful, I then think of the investors, retirees and the like, that were duped further with the 1000 plus toxic loans in my ‘package’ I did some research, everyone one I look up, is riddled with suspect mortgage fraud, and even though I only looked up ten or so, I came across a default everytime, usually due to the interest reset on an ARM. You could see all the obvious signs of liar loans also. Poor Greece, and the other nation’s peoples that got sold on the value of America. You wonder about why some people from around the world are no longer happy with America? Look past our expansionist warmongering capitalism, in the name of freedom and democracy for all…….. I may lose my farm, the greatest thing I have created, but worldwide, people have lost their life savings to this fraud, I am now 49, and have figured out how to recover. But imagine all the aged folks, counting on secure, sensible returns, probably only 4%. While the banks and brokers reaped mega billions of up front profits. The worse the loan terms, the higher the profits. Absolutely ridiculous. The government allowing lenders to give the highest rewards for the worst usurious loans. A paper, or triple A paper, whatever term they call it………call it toilet paper. The banks have wiped their asses with the lives of the people of the entire world, and our last two governments bailed them out for it.
I have been chagrinned that a lot of Americans, all those who did not refi when their house was way up in value, think the rest of us got what we deserved. Well I did not get what I deserved. I am willing to start paying on my loan, but I feel justified in getting settled for way less due to an incredible mortgage fraud perpetrated upon me, with bank collusion. My life was ruined for their greed, if at the age of thirty I had not already dealt with severe thoughts of suicide, and its ramifications upon ones family and extended family and friends, I might have pulled the trigger one of these last four years. I have spent some time looking up suicides, especially older couples committing double suicide, or murder suicide. There is often a toxic mortgage, possibly at the forefront of their troubles. Thanks for reading my work in progress, Ken
Last part: This is perhaps why Harborline mortgage brokers let him pretend to own the office and act like the principle broker there, sitting at the owner Michael Milton’s desk, and discussing the family photos and fish tank and memorabilia as if it were his own.
ReplyDeleteAll those brokers were there listening, there was a jovial atmosphere, great guys all supporting their big boss Jason Varela. Meanwhile, he had no license, and they were conspiring to sign the 1003’s(applications) later.
Oh, we were duped. It turned out that he faked both closings before the same day, then the next meeting was to fake close our new house.
Back to the mortgage standards, Lenders do not let brokers work for them anymore if a single one of their loans defaults within the first year. Mr. Varela, having legally stolen a house from the client that introduced us to him, had refi’d it way up in a declining market, cashing out for himself, then in January, sold it for another 100k profit to one of his new customers, while telling the buyer he would lease it back for a huge monthly profit.
Mr. Varela defaulted on the first lease payment, so the new buyer knew he was screwed intentionally, so he defaulted, never making a single payment.
This owner was served a lispendence, intent to foreclose, a couple months before Mr. Varela was enabled to defraud me.
My loans were written during the final death throws of Novastar, I mean literally one of the final days before declaring insolvency. This was also well into Wachovia’s final efforts to defraud the world’s investors of mega billions. Wachovia stayed afloat another year I think.
Makes me sick, ill, and ever increasingly angry. When I feel awful, I then think of the investors, retirees and the like, that were duped further with the 1000 plus toxic loans in my ‘package’
I did some research, everyone one I look up, is riddled with suspect mortgage fraud, and even though I only looked up ten or so, I came across a default everytime, usually due to the interest reset on an ARM. You could see all the obvious signs of liar loans also. Poor Greece, and the other nation’s peoples that got sold on the value of America. You wonder about why some people from around the world are no longer happy with America? Look past our expansionist warmongering capitalism, in the name of freedom and democracy for all……..
I may lose my farm, the greatest thing I have created, but worldwide, people have lost their life savings to this fraud, I am now 49, and have figured out how to recover. But imagine all the aged folks, counting on secure, sensible returns, probably only 4%.
While the banks and brokers reaped mega billions of up front profits. The worse the loan terms, the higher the profits. Absolutely ridiculous. The government allowing lenders to give the highest rewards for the worst usurious loans.
A paper, or triple A paper, whatever term they call it………call it toilet paper. The banks have wiped their asses with the lives of the people of the entire world, and our last two governments bailed them out for it.
I have been chagrinned that a lot of Americans, all those who did not refi when their house was way up in value, think the rest of us got what we deserved. Well I did not get what I deserved.
I am willing to start paying on my loan, but I feel justified in getting settled for way less due to an incredible mortgage fraud perpetrated upon me, with bank collusion.
My life was ruined for their greed, if at the age of thirty I had not already dealt with severe thoughts of suicide, and its ramifications upon ones family and extended family and friends, I might have pulled the trigger one of these last four years.
I have spent some time looking up suicides, especially older couples committing double suicide, or murder suicide. There is often a toxic mortgage, possibly at the forefront of their troubles.
Thanks for reading my work in progress,
Ken