Asked by jacquelinerfd, New York, NY • Sun Aug 19, 2012
I own 463 W. 144th Street ZipCode 10031 since 1983 when I bought it for all cash. Took $200K ARM w/Citi for $200K 1987. Began to fall into preforeclosure in 90's when health problems prevailed. I'm a skilled high end general contractor, was in auto accidents, worked only intermittently in the past decade. But I was always able to raise enough cash to repay Citi. With overloaded Citi in 2008 housing crisis, HAMP applications were misfiled, lost- then my note was constantly resold problems of incompetence and misinformation from investors and their servicers (e.g., couldn't get statements, and conflicting info where to send $) Lies from asset managers that the loan can be modified,then a sudden calling for the entire amount of loan with no time to re-ask friends who offered help in the past. Now it's unclear who owns my note, a game of who's lying now with conflicting info from different places.But debt-equity ratio's great, I can do upgrades for resale wholesale construction,health good
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