In 2005 was diagnosed with severe RA and Psortic Arthritis and Lupas, these are serious autoimmune diseases. I was terminated by my employer in 2006 even though was the top performing technical sales guy in the SE in my group for the third year in row, my manager said management has decided to make a change call HR, had made goal for the year the day was fired December 1, 2006. The real reason was that was $60,000 to treat at the time on that medication and they were self insured, basically I was blowing out their group insurance. Was making about $150,000 year. We refinaced with Secured Funding and Fieldstone Mortgage to try and pay the bills, they both are out of business and lied to us about the rates. Then here comes HSBC they bought both of the loans. I was sick and on high doses of steroids, chemo, TNF inhibitors(very expensive biological drug regiment over $2,220 month just for this drug)and many other medications In 2007-2008 if you pulled our phone records we must have called them 400-500 times. We were behind as they were charging 10% on the first mortgage and 13.5% on the second, and the time we had a credit score between 750 and 800. We told them that I was sick and disabled and that our income had fallen substantially. We sent them documentation from the Doctor, income information, the cost of the medication and medical bills etc. They were calling the house ten times day min. We finally wrote them letter telling them the only way they could communicate was in writing to stop the harassment. They almost drove me to suicide over this broke down and cried to them on the phone about all this and even at one point put gun to my head, which I went to counseling over this!; all because of HSBC and their tactics! Finally they modified the mortgage for six months, as soon as it was up they went back up., you must reapply, then they denied even though nothing had changed 3 or 4 times, and they kept dening it. The payments were almost 50% of our net income we could not do it, esapecially with all the medical even with insurance we wrote off more than $13,000 in medical in 2009, you have to hit 7.5% of medical verses income to start writing of any medical we basicaly had $25,000 in medical write off last year and my wife has good insurance through Kroger comapany- we sent information in so many times and they would just say they were reviewing it and that we needed more information meanwhile we had bowwered money from family and friends to make payments, and our credit took big hit when we finally held two payments to get their attention then said you need to send more information for the modification, when we finally got to the office of comptroller which regulates foreign banks they gave us the number of vice president name Chris Kulig(HSBC) in Chicago we got another 6 month modification, then another 18 months after that for modification which is up in Feb 2011. Come guys you see the pattern they have just continued to string us out, we have not missed one payment in two years, The loans our at 5.25 and they are making good money on the loans. We want to try and pay them back even though we think we were scammed while was very sick, they even sent attorney to the house to close on the loans while was sick and they new was sick told them had severe medical issues. My disease has progressed and have failed four different drug regiments until recentally when new drug seems to be working, but stress is one main factors that brings what we call bad flairs and make the drugs fail. HSBC knows this and not until we threatened to send them the keys back and skip several payments, meanwhile when they had as at the higher rates we struggled and they helped to destroy our credit, our utilization ratios are out of whack and even though we have paid down every thing except the two cars and the mortgage we can not get the credit back over 620 to 640 until we find a way to pay down the second. The value of the house has dropped so we can't refinace, they do not participate in any of governement programs such as HAMP or HAFA, they are like loan sharks. We had to higher an attorney to help us, they are supposed to make the loan modification perment in Feb. 2011. Does this story sound familar people the banks screwed every body with their loan scams, now they are screwing every body with bad forclosure practices and modification scams. This is Decepetive Trade Practices, where is the Georgia Attorney General, are not they and the governemnt supposed to protect those of us in protected class who has disabilty according to ADA standards. When our the governement officials who we put in place to protect our rights going to do their job and clamp down on these crooks who ruined our economy and continue to run rampent and out of control on the hard working Americans. My wife and both very educated I have an MBA and she is a Pharmacist and if we got scammed where does that leave the average American?. This is tragedy of the biggest magnitude. Come interview me about HSBC I have documentation in this house that shows all their stall tactic's. If our lawyer can't resovle this issue we will be another statistic . Please run this about HSBC., We have filed formal complaint with OCC and have yet to hear from anyone at HSBC they need in our case to reduce the principal or move some of the loan from the second to the first and they can since they own the loans out right. They can do whatever they want! If they do not do what they say, we will be like so many other Americans who lost their house and where given false hope that if they did what the bank said they could keep their house. This story is repeating itself in every state in the Union. When will someone stand up for the working people on the street. If we did what the banks did we would be serving time in jail. Is it not time that someone did the right thing and help us with some kind nation wide forclosure mortorium and appoint an independent third party adminstrator to arbitrate this mess and if their is way to work out that home owner can keep the house he should be aloud too and all banks doing business in the US foreign and domestic must abide buy their ruling. It would help the housing market to stop sliding and get the building industry back on track which creates lot of jobs like 4 per house that is built. Print this, interview me please this an unbelievable true story of sick disabled person taken advantage of by HSBC.. Their initials should stand for House Stealers British Colonies. Sorry if my spelling is off but my digits are bit deformed from the illness! Thanks for letting me tellsomewhat of my story this does not do justice the anguish my family has went through over this they have made my sickness progress with out doubt. Thanks -Todd D. Schafer
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