What happens after a loan modification gets denied?

405494_368547089839028_1522221588_nImagine growing up in Haiti. You work hard because you want a better life. Eventually, you make it to America, marry the love of your life and have 3 beautiful children. The hard work isn’t over though. You have to continue working 2 jobs to financially support your family and pay the mortgage. For decades, you never miss a mortgage payment. In fact, you pay early every month. Then, one day the bank calls to say you qualify for a loan modification. Your new payment is X, which is much less than your old payment. Lucky you!

Of course, you trust the Bank because, why would they LIE and tell you to make a smaller payment? Then, months later, after you have made all payments as agreed and on time, they start rejecting your payments. You mail in a payment and they mail it back! You begin to get notices saying you owe a tremendous amount of money and if you don’t pay in-full and immediately, your home will be foreclosed upon… This is exactly what happened to Etienne Syldor, a native of Haiti who now lives in Orlando, FL. Read the full story here.

When are the Banks going to be punished by these criminal actions? This is the same as STEALING someone’s home! Many, many people need to see the inside of a jail cell over this. It’s not just Mr. Syldor, I’m hearing stories like this every week right here in San Diego and it’s got to stop! They can’t keep stealing houses from immigrants and senior citizens. It’s not fair and it’s NOT RIGHT!

Other topics discussed on today’s show:
– Elder abuse. The blatant disregard for the well-being of our senior citizens is out of control in this country.
– Reverse mortgages. How to use a Reverse mortgage credit line to protect your family in the future.
– Being an entrepreneur and facing challenges regularly, but continuing to fight the good fight.

Today’s On-Air Guests:
Bruce McPherson, San Diego Reverse Mortgage Expert with SecurityOne Lending
Jeffrey Adler, Founder and CEO of D’Lush

Listen to today’s show here:



Categories: Best of Radio Show, Corporate Alliance, Elder Abuse, Estate Planning, Loan Modification, Radio Shows, Reverse Mortgage, San Diego Real Estate Market, The Life Plan

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1 reply

  1. Hey D – First off – GREAT post! Really gets you fired up!! Keep up the great work. Oh, btw, the tags are great too – for example, we have a new estate planner for our sono to launch San Jose show asking to hear another estate planner – and the tags made it 1000 times easier to find – thank you!

    Also, just want to let you know that in my gmail, the blog comes through as a column about half the width that an email would take. It doesn’t matter at all for reading, but for the little graphic, I couldn’t read the little captions until I actually clicked on the pic. Not a big deal by any means, but just wanted to let you know in case it’s an easy fix.

    Cyrus Sidhwa | Director of Operations | Radio Fifty 4719 Viewridge Ave, Suite 200 | San Diego, CA 92123 p: 858.386.4362 | f: 855.723.3203 | http://www.radiofifty.com

    On Thu, May 16, 2013 at 2:55 PM, Mr Credit – Making You Smarter than Everyone Else… wrote:

    > ** > Derrick Evens, “Mr. Credit” posted: “Imagine growing up in Haiti. You > work hard because you want a better life. Eventually, you make it to > America, marry the love of your life and have 3 beautiful children. The > hard work isn’t over though. You have to continue working 2 jobs to > financially s”

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