Who To Talk To
May 29, 2009 by Hanna08
The popular belief that mortgage loan modification programs are so difficult to fill out is so not true. In filling out a mortgage loan modification does not need the help and facilitation of a lawyer is another person from the creditors’ company because now it is a lot easier to modify your loan even if you do it by yourself. But it does not mean that it is effortless.
You still have some things to do like invest some effort and time to educate yourself regarding the paper works requires and what are the necessary things you will need to fill out the information sheet. But for some people, it is quite an intimidating task for them to meet face to face with their creditors alone.
The reason being is that some bank representatives are not that welcoming to those clients who are delayed in their loan payments. But the thing is, if you have the courage to face up to your creditors, you can do so by just simply going straight to the loss mitigation section of your creditor, the real people that you have to talk to.
The people in this section are the only people who are empowered by the creditor bank to help you out with your mortgage modification. Their main purpose in the company is to help people like you find an easier way to par your loan. They are the ones who will let you know what mortgage loan modification is all about.
After these people have educated you on the basics of what you should do, then the rest will be very easy for you. These people will give you all the basics you will need in undergoing a mortgage loan modification. And then again, you will still have to invest time and effort on dealing with the people who work in the loss mitigation section of the bank
credit unions are the best in my opinion. i love the one that i am with
I guess you really can get away with anything when YOUR LAWYER is the JUSTICE MINISTER! Even 57 MURDERS! These guys could teach MUGABE a thing or to, but I say send them to THE HAGUE!!!
Japan Airlines Corp. applies for gov’t loans
Xinhua
In contrast to the DBJ loans however, the private creditor bank loans will be underwritten by the government-backed Japan Bank for international Cooperation …
and more »
Bulatlat News
September 12-18, 2004
LABOR WATCH
Workers Face Mass Lay-Offs as Lucio Tan Takeover of VMC Looms
Filipino-Chinese taipan Lucio Tan, allegedly one of the biggest contributors to President Gloria Macapagal-Arroyo’s election campaign, is gradually taking over Asia’s biggest sugar mill, the Victorias Milling Company in Negros. As a result, 253 FSD-VMC security guards were already relieved and more retrenchments are forthcoming.
By Karl G. OmbionBulatlat
BACOLOD CITY – Filipino-Chinese taipan Lucio Tan, owner of Philippine Airlines, Asia Brewery, Allied Bank, and Fortune Tobacco, among others, and allegedly one of the biggest contributors to President Gloria Macapagal-Arroyo’s election campaign, is gradually taking over Asia’s biggest sugar mill, the Victorias Milling Company.
But Tan’s takeover of the sugar milling company, located in Victorias City some 40 kms north of Bacolod, portends of things to come for its employees. At least 253 members of FSD, the company’s security agency, were already relieved and more retrenchments are coming.
Sources from the union and from the group of former VMC President and CEO Arthur Aguilar last week said that Tan had reportedly infused more than P300 million into the company through the Philippine National Bank (PNB). The amount was a loan purportedly to ensure the firm’s financial stability. PNB, which Tan heads as chairman, is among the leading creditor-banks of VMC.
While the possibility of a takeover by Tan still looms, two of his representatives in the board of directors, Mariano Tan, his brother, and Wilson Young now practically call the shots in the VMC even as another representative of a creditor-bank, Omar Mieir, sits as the chairman of the board.
Senior vice-president and VMC Officer-in-charge Abelardo Bugay, who now manages VMC takes orders from the taipan, his brother and Young. Likewise, the chiefs of various departments and divisions in VMC have to comply with Tan’s orders.
Efren Lagdamen, VMC new chief security officer, has also been quoted by union sources as saying that Tan cannot just be ignored because he is the “biggest contributor” to the campaign kitty of Mrs. Macapagal-Arroyo during the last election campaign.
First casualties
Upon his takeover as VMC security chief Lagdamen ordered the relief of 253 security guards, believed to be loyal to former VMC President and CEO Arthur Aguilar, and replaced them.
Ernesto Laserna Jr., supervisor of FSD-VMC detachment, and spokesperson of the relieved security guards said, in a press conference Sept. 10 at the office of the National Federation of Sugar Workers-Kilusang Mayo Uno (NFSW-KMU), that 120 out of the 253 assigned with the VMC have already received their relief orders from FSD Assistant Manager Ma. Jose De la Peña last Sept. 1.
Laserna said that they were surprised by their relief because the contract with FSD was renewed by VMC last June 30, 2004. At the same time, a new security agency was also hired.
“Without giving any reason, we were asked to report to our main office in Bacolod City”, Laserna added.
Albert Agudillo, another security guard slammed the relief saying “Amo ni nga krisis, ginkakasan pa gid kami sa amon solo nga pangabuhian” (We are already in crisis, still they removed us from our only job). His companion Romeo Panisales added “Mayo man amon performance, pero ngaa islan pa kami sg mga bag-ohanon kag indi taga-Victorias?” (Our performance is good so why replace us with new ones who are not from Victorias?).
Laserna said that “the management could have been more considerate in its decision especially that many of the relieved security guards are from Victorias and are without any other means of livelihood”.
The relieved security guards have been with the FSD-VMC detachment since March 7, 2001. Majority of them are from Victorias and neighboring towns.
FSD is a big national security agency with more than a thousand security guards deployed under its branches in Negros, Iloilo City, Roxas City, Metro Cebu and Metro Manila.
More retrenchments loom
Guillermo Barreta, KMU Negros spokesperson, slammed the relief of the FSD-VMC security guards as part of the grand scheme of Tan to consolidate his hold over Asia’s biggest sugar milling company.
Barreta revealed that the VMC workforce, currently numbering a mere 2,700 from a peak of more than 6,000, could be further reduced. Bugay has already issued a memorandum regarding the possible downsizing of the VMC workforce.
Bugay issued another memorandum early this week saying that no salary increase and other benefits would be provided the workers of the VMC Industrial Workers Association (VIWA) in the coming Collective Bargaining Agreement negotiations scheduled soon.
Ironically, Barreta warned, the new security force “may also be used against the expected surge of worker’s protests against the forthcoming mass retrenchments and the new labor flexibility schemes in the company.”
Bulatlat
“Run after tax evaders!” screams the stringed-by-the-Yellow-Economic-Lucifer little president? She should tell that to the goblins!
Customer Service Representatives: 13 Hume Street, Dublin 2 – South Bank, Cork – Merchants…
To update this story, Sheriff Dart will resume evictions after striking a deal that includes the following:
• The bank holding the mortgage must provide a court with a detailed description of the building and names of all occupants at the time of the initial foreclosure filing.
• Before the entry of an eviction order, banks must provide a date that bank representatives last inspected the property.
• Banks must prove that they informed tenants of a 120-day grace period, which state law grants to allow tenants to find new housing before moving out.
By not holding the renters responsible for the sins of the mortgage holders, justice is served.