No, The Broker said, I "would be swimming in equity" before the the ARM reset and that he would refinance me for a fixed rate at the end of the term.

I was just out of college, I didin't know anything about mortgages, and basically, the governement has acknowledged that my loan was 'deceptive', by bringing a class action suit against Ameriquest and sending me a $1200 check as part of the settlement; like that is supposed to solve the problem.

I am not 'blaming everyone', a crook is a crook and I was swindled, if you can't see that then you are an idiot.

Obama announced his campaign from the living room of gang members.

Boston Police Commissioner Ed Davis calls Barack Obama’s connection to William Ayers, an unrepentant terrorist who was part of the Weather Underground — an anti-war group that planted bombs and killed cops — “troubling.” I say it is outrageous.

The Weather Underground did damage right here in Boston. On Sept. 23, 1970, BPD Officer Walter Schroeder was gunned down outside a Brighton bank that had just been robbed by five members of the Weather Underground. One of the terrorists opened fire on the cop. With bullets from a machine gun the group ripped off from a National Guard armory in Newburyport just weeks earlier, Schroeder was shot in the back and killed.

Schroeder left behind a wife and nine children, aged 17, 15, 13, 10, 9, 7, 6, 2 and 11 months. The gunman, William “Lefty” Gilday, was captured along with three accomplices. The armed getaway driver, Katherine Powers, fled and remained on the lam for 23 years. When she was finally caught, Powers was treated with the same despicable reverence that Obama’s friend Ayers has been given by the media. Like Ayers, Powers was profiled as a hapless revolutionary caught up in the tumult of the Vietnam War rather than what she truly is: a cop-killing lowlife.

That fact was not lost on Schroeder’s daughter, Clare, who delivered a powerful victim impact statement at Powers’ sentencing in 1993. “Powers’ crimes, her flight from justice and her decision to turn herself in have been romanticized utterly beyond belief,” Schroeder said. “My father’s life was cut short for no reason, shot in the back with a bullet of a coward while Ms. Powers waited to drive that coward to safety.” The Weather Underground was also involved in a Brinks robbery in Nyack, N.Y., that left two cops and a Brinks security guard dead. Those murders also left nine children fatherless.

So for Obama to think it is OK to launch his political career in the living room of two Weather Underground members, Ayers and his wife Bernadine Dohrn — the couple, like Powers, went underground as fugitives after a bomb-making factory blew up on a residential Manhattan block, killing three people — and then explain the association away by saying, “I was 8,” is outrageous. People need to wake up and realize that Obama’s anti-American pals, the Rev. Jeremiah Wright and William Ayers, are not just “troubling.” The associations are frightening.

http://www.metrobostonnews.com/us/articl...

Wow? You folks sem to know it all!

I bought my house at 22, fresh out of college; and the lender sold me a bogus loan under false pretenses.

I suppose the Countrywide and Ameriquest fiasco's are my fault?

I was 22, had never bought a home before and signed where I was told to sign. I thought I could trust these people, the same way I trust my accountant or mailman.

My ARM has reset 3 times now, and even though I have added an additional room to my home AND also added another half bathroom, the value of my house keeps deteriorating, which is preventing me from refinancing for a fixed rate.

When Ameriquest sold me this mortgage, they said that with all the improvements I was doing to the home, by the time the ARM reset, I would be "Swimming in equity.", and refinancing would be a breeze.

They even "Promised" to refinance me in 2 years, but when it came time to refinance, Ameriquest was out of business (not that I am still naive enough to believe they would have honored their promise).

You think you have all the answers and everything is cut and dried from your perspective, well walk a mile in my shoes!

I have really tried to do everything the right way respectably, but these mortgage companies keep walking all over me!

When the sold me the house, they used an "Electronic Appraisal", which sounded right to me at the time. technology and all that.

Now I know that the home is not valued at even close of what they claimed it was.

It is incredulous that people have not gone to Prison over this.

So if you think I did this to myself, then you really are an ignorant jerk and need to look at all the angles here.

Some of us actually were taken for a ride.