Define “Responsible” Homeowners – Please! An open letter to President Obama.


We’re fortunate in Hawaii to have accessible U.S. Senators who have been on a first name basis with with their constituents forever. And at times like these U.S. Senator “Dan” Inouye has always been our “go to guy.” 

Aloha Senator Inouye –

This morning we received the email of President Obama’s Weekly Address:
It’s Time for Congress to Help Responsible Homeowners.

We help thousand of families in the oppression of foreclosure. Most of what we see consists of fraud committed by the banks. From failing to assign mortgages to trusts and fabricating paperwork, bankrupt lenders moving assets without the court’s permission, trashing our property records in the Bureau of Conveyances, to unlicensed lenders selling in our state – and that’s just the tip of the iceberg.

Homeowners like us, who were in the construction industry, were hit the hardest in Hawaii (and actually across the nation).

And we, like millions of other homeowners, find the term “responsible homeowners” OFFENSIVE.  We made our payments on time, kept our credit score top notch and when we wanted to refinance it was the bank that could not perform.

Knowing what we know now, it was like walking into the casino after establishing credit and obtaining a marker and sitting down at the table to find out the casino was out of money.

Maybe you can help see that the President reads our letter or gets the gist of the message – we know he gets millions of emails.  When we hear remarks like “responsible homeowners” (meaning ones who never missed a paycheck or never had to reconstruct their careers), we just feel like the President doesn’t have a grip on reality in this area and it is essential to the survival of our economy – it is the core.

Weekly Address: It’s Time for Congress to Help Responsible Homeowners

In this week’s address, President Obama explains his administration’s steps to help the housing market, including giving responsible homeowners a chance to save thousands of dollars every year by refinancing their mortgages, but says we need Congress’s help to do more.

Watch President Obama’s weekly address.

Dear President Obama –

Re: Weekly Address: It’s Time for Congress to Help Responsible Homeowners.

Have you not read Neil Barofsky’s book – BAILOUT yourself? Do you realize your remarks about “responsible” homeowners are offensive.

It appears you live in a myth that just because someone is not making their mortgage payments that they have not been responsible. Well, let us tell you personally that we, like millions of other American families and their servicers, have been doing a tango with IndyMac / OneWest since 2009 where they won’t let us pay and they keep asking for paperwork and then losing it, asking for it again, asking for more, and then time runs out and they start all over again.

Our credit was excellent before the crash hit Hawaii, we never missed a payment. We always did fully documented loans. We called the bank when the economy collapsed BEFORE we missed a payment. We were told we couldn’t get help until we were 3-4 months in default. It wasn’t IndyMac anymore because IndyMac had failed – before we did! And that’s when the dance started and it’s been a marathon where the bank is using our loan and emotional distress to FOAM THE RUNWAY.

You need to help all homeowners. Especially those with fraudulent LIBOR rates. The low rates were used to induce the borrowers and the sales pitch that they could easily refinance before the end of the ARM was based on the fact the banks knew they could “rig the rates”.

With all due respect President Obama, you need to define your terminology because you make it sound like homeowners who were crushed in the first phase of the collapse were irresponsible… you are slandering millions of American families by inferring that since they lost their job (which you know was due to the Wall Street securitization Ponzi scheme) and they had to reconstruct their lives to feed their families that they are somehow not as worthy as say, government employees who kept their same jobs over the last 5 years!  The moral hazard is on the banks – not by the homeowners.

This post for you. We sincerely hope you personally read it and tame or thoroughly define your offensive remarks. There are MILLIONS of families just like us.

We’re heading for retirement.

Luckily, we have paralegal skills and media and marketing backgrounds – but a lot of baby boomers in construction, for example, don’t have that option and are out of work because of the frauds your Wall Street banksters perpetrated on America.

The Reality of Mis-Perception – Bankster Brainwashing & Barack

We won’t sit home on election day because we have an important US Senate race in Hawaii and we’re “politically responsible” – but there are millions of other Americans who are still sitting on the fence because they are fighting for their homes and keeping their families united and if it’s a beautiful day they’d rather be surfing.

Oh, yes… And in reading the transcripts of your speech – who told you:

“Four years later, the housing market is healing.  Home sales and construction are up.  Prices are beginning to rise.  And more than a million families who began this year owing more on their mortgages than their homes are worth, are now back above water” ???

Maybe we (there are about 84 million of us) could all be in that la-de-da position if you forced the banks to significantly reduce the principals and eliminate the interest rates since they inflated their appraisals and rigged the LIBOR rates they used to induce borrowers to sign their securitized notes… .If you don’t want to indict them – it’s the least you could do.

P.S. BTW – We’re pretty much all in agreement Geithner Must Go!

5 thoughts on “Define “Responsible” Homeowners – Please! An open letter to President Obama.

  1. After my x-wife missed three payments as suggested by her loan servicer, IndyMac representing OneWest Bank, they started foreclosure. I helped her fight this illegal activity for one and a half years. They eventually foreclosed with Fannie Mae allegedly purchasing the property. When Fannie Mae filed an unlawful detainer action (eviction), I helped my x-wife fight it. With only 48 hours before the Sheriff (under court order) was scheduled to forcibly remove her, I filed a Motion for Reconsideration of Defendant’s Motion for Summary Judgment. This time the judge actually read the pleading specifically how MERS separated the note from the deed of trust in violation of Carpenter v. Longan 83 (US) 271, 274 (1872). The judge then voided the unlawful detainer, foreclosure, Notice of Default and all pertinent documents. I am now preparing a Quiet Title lawsuit against all the principals involved in this scam.
    My x-wife was a responsible homeowner until the Banksters ripped her off. It’s time we take back our country!
    Dr. James Chappell

    • Thank you dr chappell for you post. The same thing happened to me. wells fargo told me not to pay . I had to be 3 months late to apply for hamp modification. I never missed a mortgage payment since 1991 this was in 2009. the bp oil spill had caused a decrease in my salary. I explained that. still paper worked faxed was always lost as well as fed ex mailers. I had enough. when sued for foreclosure for FNM. The mortgage I reeked with fraud. it amazes me that one judge can court order discovery because he knows the fraud and the judges that have followed him continue to give the bank more time. until now a motion has been filed by plaintiff to squash affirmative defenses? and they have to submitted discovery. I hope the judge holds them under the bus. I have no faith in our court system

  2. What you have in IndyMac is like Washington Mutual Bank and if your loan was a government insured loan that was in a Ginnie Mae pool your loan should not and could not be foreclosed as the banks were “failed banks” as seized and determine by the FDIC.

    What happen to Ginnie Mae pooled loans or another type of pools if blank Notes were endorsed and no proof of monies exchanging hands from IndyMac to another as with all Ginnie Mae pooled loans, there cannot have been every been a proper assignment of title to another after the failure because IndyMac is no longer a bank able to do business and is no longer a member of MERS and MERS cannot act for IndyMac who cannot act for themselves nor can it act for Ginnie Mae in assigning title because they are not a member of MERS as a lender. Ginnie Mae is not authorized to doing home mortgage lending business at all as they are not a lender and are not regulated to do so ever.

    There needs to be a purchase and Note in order to foreclosed and if both are held by the same party and there is not transfer of title then the “holder in due course” can ask the court to foreclose. Now in the case of a party only possessing a Note but not in possession of a debt and cannot proof it purchase the debt, the Note is a worthless piece of paper. Every single government insured loan (FHA, VA, USDA) in a Ginnie Mae pool can never be foreclosed because the Notes are endorse in blank and suppose to be relinquish to Ginnie Mae with at that point in time make the Note a non-negotiable document!


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