This post is aimed at George Soros, Michael Dell, and Steve Mnuchin, the owners/primary investors of IndyMac/OneWest.
The deal you struck with the government renders any effort by me or others like me to get a loan modification in order to save our homes useless. Why? Because your loss-sharing agreement with the FDIC will certainly always make it more profitable to foreclose rather than to modify.
Instead of being honest about your intentions, you hide them by signing on to the HAMP program, and with NACA. You drag homeowners like me along for a year, extracting inflated payments that I can’t afford, and for which I sacrifice or at least juggle other necessities to pay. Your customer service representatives have the nerve to try and charge me $20 for the privilege of making said inflated payment to boot.
Why don’t you just be honest about your intentions? Yes, you’ll take public flak, but you’re already extremely unpopular anyway. Don’t think we love you or are praising you simply because we’re still in our homes…we know our days are numbered and eventually we’ll be forced out.
By being honest, you can at least let us make the proper decisions to see to our best benefit, just as you are seeing to yours. Maybe our best benefit is to stop paying you a single penny and save every time to secure a new place to live. What is not in our best interests is to be kept on the loan modification merry-go-round forever, all while you suck us dry…which I guess is the point.