I really appreciate that you are reading this.

So here is my question, why has no one from the big lenders like Country Wide and Bank of America been sent to prison over the home mortgage crisis? Millions in default and millions in foreclosure with entire neighborhoods falling apart in cities like Cleveland and Detroit.

And I never thought it would happen to me.

Worked hard since I was a teenager and graduated from college. Spent 25 years in a professional occupation until my employer decided to transfer me across the country in 2008. Thanks to the greedy people on Wall Street the home I had purchased years earlier was now worth many tens of thousands less than I paid for it.

I was brought up to believe that paying your bills is important so I struggled for two years to hang on making my rent payment in a new city and paying the mortgage on my old (empty) house as I watched it lose more and more value.

Eventually my mortgage lender in Florida went bankrupt, and the loan was taken over by OCWEN. They pushed me into foreclosure and sold the house for less than the outstanding debt. I lost almost $100,000 in equity and spent another $50,000 trying to maintain and save it.

My spouse gave up her job and income as a result of moving and now I have no equity left to use as a down payment to buy another home. No savings left and no more home interest deduction.

Please help me if you are able to give regardless of the amount. Otherwise I’ll be renting for the next ten years. I await your generosity.
Thank you.