Letter to Get out Certified to MERS Banks - Results (payments cut in half) from a Reader who did it and my result from doing it!

I had posted about getting a letter out certified to your MERS bank, mortgage servicer and it being very important that you do.  The post with the letter is linked here.

I got a response back from Litton Loan, in fact they sent me 115 pieces of paper.  What is funny, is lots on who actually owns the mortgage was not quite together though!  They had one sheet saying Fremont is the beneficiary then another said Deutsche bank is.   But I loved the TILA paper they sent did not have my signature on it!  In fact the TILA paper I have, which I did sign at closing has a LOWER interest rate on it, then the one they sent me!  All the paperwork is in the attorneys hands now.

They were calling me, after receiving the letter from me, but I did not answer their calls, as when I did talk to them a couple of weeks later, they wanted to modify my loan and a number of other things.

I can tell you the Letter DOES GET THEIR ATTENTION!  They know you are smart and know what is going on, by sending it to them.  They will possibly jump through hoops to get you happy.  In fact, someone just posted on another topic (about Georgia's Class Action for previous foreclosures), that the letter had an amazing effect on their loan servicer.

This is the exact comment they left:

Anonymous has left a new comment on your post "Georgia Class Action Suit For ALL Homeowners Who H...":

your letter did it,,after 18 mos,of playing tag with them, i sent your letter along with my personal message Monday morning to BOA. I got a call from the negotiator him self Tuesday afternoon !! he ask me what I wanted and i told him he agreed and fed-x it to me---cut my payments in 1/2 interest rate went from 7-1/2% to 2%--1200 a mo to 600 a mo...thanks for all the information--old retired person,,,


I personally, am not interested in negotiating with the bank, what I am interested in doing, is stopping people from being thrown out of their homes and becoming homeless, when the banks are profitting from making people homeless and stealing their property through fraud.  I will say it once more.  The banks have made millions off each 100K loan and they give themselves billions in bonuses for ripping their investors and the people off.  The U.S. govt. has given them trillions for all their fraud, it is time for us the regular people to stand our ground and for us to get bailed out!

I hope everyone sends the letter out and if you want a reduction in payments etc. then I believe you will get it.  If you want to do as I am doing, then great too.  We all have different things we would like to achieve.

I am thrilled for the reader of the blog who commented and got his/her payments reduced in half!  Please let me know if you have also had a great response like that after sending the letter out and if that is what your goal is!

I also encourage everyone to get all the papers, you can still negotiate with them, but get the papers in hand!  Don't just negotiate and not get what they have on your loan!  It is very important, in my opinion, to see what matches and what they leave out!  Just like my TILA they have, is not signed by me and the interest rate is higher.

I have to say, the best feeling I have right now, is that I may have made a difference in someone's life, by giving them information!  It can't get better than that!  Making a Positive difference for others is the best feeling there is!  I sincerely hope we all feel that at times!  I hope we all are shown we DO make a difference and making a positive difference is a glorious feel good feeling.  I am thankful for the reader sharing their experience!

WE WILL WIN - WHAT EVER OUR GOAL IS, WE CAN AND WILL ACCOMPLISH IT!