THE MOD - THE MORTGAGE LENDER'S SCAM

                The Mod

When I was young I often dreamt
Of owning a home one day
A great investment it would be
No money down, thirty years to pay

So my wife and I bought a house
And together we made it a home
A wonderful place to raise our kids
With lots of land for them to roam.

For years we lived there happily
Watching our children grow
Then one day my health went south
Couldn’t work, had to take life slow

My wife was forced to get a job
She worked hard but the pay was low
Unemployment checks weren’t enough
And all our debts began to grow

Missed a payment and then two.
Asked our lender what we should do.
No worry, they said. "We understand."
Just modify, add arrearage to the end.

Okay, sounds good, so what do we do now?
Fill out this form, they say. Send us this and that
No payments due until your loan’s approved
We’ll get this mod done in nothing flat

We do all they ask, they say, "Just relax."
Then a letter comes—YOUR PAYMENT’S LATE!
We wilt in disbelief. But you said don’t pay?
So now it’s ‘PAY UP’ or we’ll accelerate?

We call them, distraught, confused, upset
We don’t understand this turn of events?
After passing us around, a supervisor says
Ignore the letter, it shouldn’t have been sent.
　
　

But weeks go by, yet we’re not approved,
More letters come that make us squirm,
We call, complain, get passed around.
Don’t worry. All is well, they confirm.

Weeks stretch to months, still no word
Then a certified letter arrives in the mail.
I call, upset. They say, "Oh, don’t be concerned."
Oh really? What in the hell is a trustee’s sale?

They say it’s all a computer glitch
Just hang in there, your mod’s a go
But it’s from a law firm? I’m not convinced.
They say, they know, it’s okay, just breath slow.

I call again to find out what’s going on.
It’s your application, we can’t find it anywhere?
I sigh in utter disbelief, such incompetence.
It’s beyond belief, "I’ll kill them all," I swear.

Now the constable’s knocking at our door.
They said they‘d wait, they wouldn’t dare,
Sell our home at a foreclosure sale?
I call, mad as hell, but they don’t seem to care

It’s too late now. Tried to help you out, they contend.
We did our best. Sorry, what can we say?
But don’t despair,'Cash for Keys' is still a go
Move out now, no fuss, and have a nice day

Copyright William Manchee

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