Saturday, 3 December 2016

Trump-et regrets voting for him - lost home to new treasury secretary

The disillusionment behind the wall has already started folks, and Trump isn't even president yet.

Trump's conga line of bazillionaires has shaken many Trump-etes behind the wall into reality, and the fact that someone with a gold toilet doesn't actually represent the common man. There's even a Twitter thing now called where lot's of Trump-etes have regrets about voting for him. I recommend it for leftie therapy.

One with regrets is in the media behind the wall over there. With the appointment of Trump's new treasury secretary she's completely lost faith in him and wished she didn't vote for him. You see Steven Mnuchin was head of a horrible unfriendly bank during the GFC crisis, a bank (One West) which was hopelessly inept and hard nosed, which ended with her losing all her properties to it.
When Donald Trump named his Treasury secretary, Teena Colebrook felt her heart sink. 

She had voted for the president-elect on the belief that he would knock the moneyed elites from their perch in Washington. And she knew Trump's pick for Treasury — Steven Mnuchin — all too well. 

OneWest, a bank formerly owned by a group of investors headed by Mnuchin, had foreclosed on her Los Angeles-area home in the aftermath of the Great Recession, stripping her of the two units she rented as a primary source of income. 

"I just wish that I had not voted," said Colebrook, 59. "I have no faith in our government anymore at all. They all promise you the world at the end of a stick and take it away once they get in." 

....................................... 

She rented out two of the units and lived in the third. Colebrook refinanced her mortgage in order to renovate the property and help buy additional homes to generate rental income. 

By the time the financial crisis struck in 2008, she had an interest-only mortgage on the triplex known as a "pick-a-payment" loan. Her monthly payments ran as high as $2,000 and only covered the interest on the debt. Then she got ensnarled in the economic downturn. 

"All my tenants lost their jobs in the crash," Colebrook said. "They couldn't pay. It was a knock-on effect." 

Over five years, she tried unsuccessfully to adjust her loan with OneWest through the Treasury Department's Home Affordable Modification Program. But she said that One West Bank lost paperwork, provided conflicting statements about ownership of the loan and fees and submitted charges that were unverified and caused her loan balance to balloon. By the time she lost her home in foreclosure in April 2015, the payoff balance totaled $517,662. 

Colebrook said she is still challenging the foreclosure in court. 

She now lives with her boyfriend in the small California city of San Luis Obispo. She volunteers at a homeless shelter, knowing that she could just as easily have ended up there. 

"I cook at the homeless shelter because there but the grace of God go I." AP news