Fannie and Freddie Freedom Fighters

MARCIA IZA

To: Fannie Mae

Marcia Iza suffered domestic violence at the hands of husband. Now it appears that Wells Fargo and Fannie Mae want to abuse her as well. She lives with her daughter, and though the mortgage with Wells Fargo at 3066 N. Nottingham, Chicago, IL, is in her husband’s name, she provided the money for monthly mortgage payments. After years of abuse, she filed for divorce. Unbeknownst to Marcia, her husband maliciously stopped making payments on her home. When she finally discovered his spiteful acts, she contacted Wells Fargo, but bank officials refused to discuss the case with her because her name was not on the mortgage, although the house title is in her name through a quit claim deed.

While struggling with the divorce, Marcia hired an attorney to negotiate a settlement with Wells Fargo. He charged $450, then disappeared with the money, and apparently never even discussed the case with Wells Fargo. Then Marcia received a letter from Wells Fargo informing her that her home would be auctioned. In recent months, Marcia and her daughter have been harassed continually by bank agents, to the point where they are both afraid to answer their front door and are suffering from frequent crying spells, sleepless nights and nervous tension. This is a particularly urgent case because Marcia may be forced out of her home as soon as early October.

Finally, Wells Fargo has washed their hands of this illegal foreclosure by selling the house to Fannie Mae. Why is Fannie Mae, a taxpayer-supported institution, buying illegally-foreclosed homes? Why is Fannie Mae covering for the big banks?

This is a simple case for Fannie Mae to resolve. Marcia wants to purchase the home at market value – the same price for which Fannie Mae would eventually sell the home. This will save Fannie Mae the embarrassment of further abusing a mother and her daughter who have already suffered years of domestic violence, while also helping to maintain the stability of the neighborhood by avoiding yet another vacant building. We have sent offers to the law firm representing Fannie Mae, but they keep ignoring us and have not responded to our proposal. FANNIE MAE, THIS IS AN EASY CHOICE. DO THE RIGHT THING!!

My Demands Are:

1. Stop the eviction on my house!

2. Allow to repurchase the home at market value OR

3. Donate the home to the community land trust at the Centro Autónomo a 501(c)3 non-profit

Mariyln Elazegui (Batungbakal) -

To: Fannie Mae

I'm writing this letter regarding my loan modification problems. For several months I encountered many hardships which have caused delayed payments for the monthly mortgage payments. Two major problems was my job and my health. During the time when my payments were late, I did everything I could to provide my family a roof to say in and to live a decent life. I tried to look at the situation in a positive way and to seek help to prevent a possibility that our home would be lost. This housing crisis affected many and now it's affecting my family.

I have been working in OEC since 1985. The crisis all began back in 2001 when the company I previously worked for as an accounting clerk changed their management. It became apparent that the business started to get slow. The management began to cut hours and got rid of overtime, something I used to do to get extra money. As a result, the weekly income for the house became less and less. During that time I was able to pay the bills and provide for my family but it started to become more difficult. In addition to reduced pay the family health insurance was cut due to my husband getting laid off. It was quite a difficult situation because I had to continue payments for my families health insurance and the company I worked for continued to cut hours. My weekly income became a lot less than it used to.

As years passed I eventually got sick. I was diagnosed with cervical cancer in 2003. After I had cancer, I was in the hospital for a week in Illinois Masonic. During that time I was unable to work for three weeks, with no pay which really hurt me financially. I was unable to recover from all the bills piling up. Through time, I eventually contacted a mortgage Realtor to offer his assistance. Unfortunately, they had no intention in helping me because their work was about using me for their benefit. I became victim of a mortgage scam and had no other choice but to cut my losses and find another way to help with my situation. The property was refinanced a few times with an increasingly high mortgage rate. Before I had a chance to get out of it the principal monthly payment went up. The payment went up due to all the Realtor fees they added to the principle. I have done my best to keep the situation under control but I feel as if my limits are getting pushed. All of these mishaps resulted in less weekly income and late payments which have brought me to my current situation.

On October 2009, I was laid off from work. I have been working as a senior account clerk for 24 years at OEC business interior. Since then I have been self employed trying to find little ways to make money to pay for monthly bills. I only hope that who ever is reading this can try to understand the situation that my family and I are facing right now. I would be sure to do my part in meeting you halfway to recuperate my house. Thank you for your time. I am going to fight for my house until the end!

My Demands Are:

1. Stop the eviction process on my house!

2. Reduce the principal of my loan to market value OR

3. Donate the home to the community land trust at the Centro Autónomo a 501(c)3 non-profit

Julio F Lopez and Luis Ponciano -

To: Freddie Mac

“Our family has lived in our Chicago home for five years. Every month Bank of America would withdraw our mortgage payment from our bank account, but all of the sudden they stopped withdrawing these payments, even though there was money in our account. They never told us about this, until we heard we were in foreclosure.

“We immediately called the bank, trying to pay the money they had never withdrawn, but they would not receive it. We called Bank of America requesting a loan modification, but they said we didn’t qualify.

“Then, many lawyers began calling us. Three different lawyers charged us money up front, asked us for some paperwork, and then never did anything. They only stole our money.

“Then, a few months ago, we tried calling Bank of America again, but they said they had sold our house to Freddie Mac. So we got in touch with the Centro Autónomo and now we’re fighting together with people in the same situation. We’re also part of a national movement to clean up the bad policies of Freddie Mac.

After we protested at Bank of America on August 23, 2012 BoA has been calling us repeatedly to settle on a loan modification. We thought things were going well, but the other day, on December 10, 2012 we received a letter from Freddie Mac regarding eviction court. Why is Bank of America settling a loan modification with us while Freddie Mac is sending us to eviction court?

Our Demands!

1. Give us the loan modification as promised in current negotiation with BOA

2. Stop the eviction on my house Freddie Mac!

3. Reduce the principal of my loan to market value

Laurentina Gutierrez

To: Fannie Mae

My name is Laurentina Gutierrez and I have lived in my house for 22 years and in Chicago for 42. All my children were raised and went to school in Albany Park. I live with all my brothers and children in the home. I moved to my community in 1974 and I stayed because the schools, transportation and shops were very nice. I also work very close to my house about a 6 and half mile drive. I work on the production line at a factory. I would feel extremely sad to leave this neighborhood as my history and life are rooted here. I have worked 39 long years to achieve create the home that I live in and I do not want to see it go.

I had a very good job working at Motorola in 1983, and because of this I bought my home in 1983. I never missed a payment on my home. I switch jobs and I stopped paying the mortgage because they reduced my hours at work in 2009. By 2010 I could not afford all the mortgage payments and insurance on the home. I tried to get a modification but I fell victim to lawyers who scammed me not once, but twice. They told me to never go to court and that when different papers came they said not to worry.

I am very angry with situation because I feel abused and embarrassed. As a native Spanish speaker I was taken advantage of. I want to save my home! I will fight to get it back!

My Demands!

1. Stop the eviction process on my home

2. Reduce the principal of my loan to market value Or

3. Donate the home to the community land trust at the Centro Autónomo a 501(c)3 non-profit