SEIU's "Where's The Note" Campaign Meeting With Hostility By Note-Lacking Lenders?
A recent campaign by the Service Employees International Union ("SEIU") encouraging its homeowning members, whether facing foreclosure, having an underwater mortgage, or who are simply concerned over home lenders' rampant inability to account for the whereabouts of the original promissory notes, to contact their bank and demand to see the original note on their mortgage has apparently been met with a bit of hostility by the banks, as evidenced by this excerpt appearing on the SEIU website:
- Update: Homeowners are sending us reports of banks responding with threats and intimidation. It is your legal right to demand to see your original, signed mortgage note. It is illegal for banks to negatively report to your credit file during the 60 day period after requesting your note simply because you made a request to see it. If you received a response that you feel is threatening or intimidating in nature, contact your state’s Attorney General and push them to hold the banks accountable under the law: http://action.seiu.org/page/s/intimidation.
Source: Demand to see your mortgage note.
See also:
- SEIU: My bank sent a confusing or intimidating letter ("Every single homeowner that requested to see their note but was given the runaround needs to demand answers"),
- The Big Picture: Where’s the Note? Leads BAC to Ding Credit Score,
- Rortybomb: BAC Dings Credit Score Over a “Where’s The Note?” Ask,
- AlterNet: As Wall Street Tries to Strong-arm Consumers, Will WikiLeaks Bring One of the Biggest Banks it to Its Knees? (The banks have been going after their critics, but one big Wall Street player may meet its match in the coming weeks).
No comments:
Post a Comment