Well, today I had my day in (kangaroo) court..

[GopperStopper2680]

Citi Mortgage foreclosed on my family's property of 50 years today after months of waiting. I'm now facing homelessness. And all this on the tail of a massive campaign to forestall foreclosures and evictions by dozens of individuals and jurisdictions. All too little too late for me.

I will however continue to support the various foreclosure moratoriums that I come across in the hopes that this won't happen to any more people than absolutely possible.

Now I won't rant because nobody likes a whiny, crybaby ass complainer (I'm definitely not Tea Party material!); but I will say one thing for the record.

Citi Mortage sucks ass!

[Lionessa]

1. They got mine last year and Fannie Mae bought it a month later for $20K more than the outstanding

loan even though I couldn't sell it for nothing. So not only are you screwed, but once again, the gov't will use our tax dollars to reward CitiM here shortly. You'll see as I did when you get the 1099 in Dec.

[2pooped2pop]

2. if u got the 1099

doesn't that mean that they cannot now attempt to collect any more from you if your house sold for less than owed. Or are you saying it did sell for more than u owed?

I have court next month to lose mine. I paid for 15 years and there is no reason for them to not have worked with me. We just wanted the loan spread back out to a 30 year so we could afford the payments.

Do they ask all of your financial situation when you go to court?

[Lionessa]

5. CitiMort got my house in July due to Bankruptcy and foreclosed through auction in Aug after I left.

to FannieMae that bought the house from CitiM (I did NOT have an FHA loan at any time on this house) for $20K more than I owed. The 1099 is required whenever a house is foreclosed on, if the auction price had been under the loan amount, I would've likely owed some capital gains tax, hence why they have to let you know the outcome of a foreclosure auction regardless.

I mean I could understand FM buying it at "cost," but to pay $20K over when I couldn't sell for months into years, is outrageous, why didn't they just buy it from me and let me profit from the sale before the foreclosure to pay off the second loan which was about $30K, but that bank seems to have gotten screwed? I don't know, but that's what appears to have happened based on paperwork I received.

[Robb]

14. Sounds like you're off the hook as well as Citi.

Credit hit notwithstanding, of course.

[GopperStopper2680]

8. Frankly I'm not going to look back

This chapter in my life is closed as far as I'm concerned but I'll take your word for it. The banks rule this nation through the puppet system that ceased to have any power when the fools of yesteryear created the Fed.

[Lionessa]

13. Unfortunately you'll have to deal with something in Dec-Apr. That 1099 can really f' you if you end

up owing taxes. As I found out, but was luckily not needed, those taxes would be post bankruptcy and in no way could I get out of them if I had owed any.

[nadinbrzezinski]

3. I am sorry, and this needs to stop

[GopperStopper2680]

9. Thank you for your sympathy N/T

[xchrom]

4. du rec. nt

[GopperStopper2680]

12. Thank you. I appreciate it.

I seem to recall you Rec'ed some of my posts before. I always appreciate the support.

[Abra]

6. I am sorry to hear this. :(

[GopperStopper2680]

10. Thank you also.

This is why I've become so fond of DU in the recent months. The people here seem to be generally concerned about each others' well being. I appreciate it.

[alcibiades_mystery]

7. How was there a mortgage on a property your family owned for 50 years?

You took another mortgage on a property your family already owned?

[GopperStopper2680]

11. That's the clencher.

It was paid off! My grandmother was a sociopathic nut job and was never satisfied with anything. She took out a mortgage to improve the house which ended up being a dress on a pig in the end. Paid for, free and clear and she had to F*ck things up with her selfishness. But I won't bitch. I'm marchin' on.

[alcibiades_mystery]

15. Ouch...indeed that hurts

Sorry about that!

[Spitfire of ATJ]

16. Did she get sucked in by those ads?

[FarCenter]

17. The same mortgage after probate court?

[JNelson6563]

18. I am SO very sorry to hear this!

Absolutely horrible, I'm so sorry this has happened to you!

This madness has got to stop!

Hugs and encouragement to you~

Julie