1NOV2011
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| Taleb Jenkins |
Dear Family and Friends,
I hope this letter finds you and yours well. As you may or may not know, Taleb and I have joined the rest of America with a house under water in fighting with Bank of America to consider a loan re-modification. We are at a crucial point in our fight with Bank of America and we need your help.
We have been working with NACA a national organization that has been very successful in assisting homeowners in obtaining loan re-modifications. A key component of NACA’s success is putting direct pressure on Bank of America to grant the loan re-modification. NACA also advocates contacting our elected officials to get their assistance in putting pressure on Bank of America as well.
Here are the facts. Our home was worth 300,000.00 when we refinanced in 2006. Our home is worth between 135,000 and 165,000.00 today.
We are asking Bank of America to do the following:
1) Cut our interest in half
2) Rewrite the loan based on the true value of the home
Some Background on our Fight with Bank of America
I was laid off in February 2007, started Cane River Gumbo Company in October of 2007. Came to the realization that Cane River Gumbo Company would not pay the bills near the end of 2009 when I began my job search.
In December of 2009 when I realized we were going to have difficulty paying the house note so I contacted Bank of America and asked how to start working on a home loan re-modification. The bank told me that we would not be eligible until we stopped paying the note. We paid the note until April of 2010. By August of 2010 Bank of America said they would be sending me loan re-modification papers in 30 to 45 business days. I received the loan re-modification papers in February of 2011. That was considerably longer than 35 to 40 business days. During that time frame Bank of America placed our home under foreclosure. We have successfully fought each foreclosure date as we completed the requested paperwork.
In February of 2011 I got an excellent job. In July Bank of America denied our request for a loan re-modification with no explanation except the investor would not approve the re-modification.
We began to work with NACA and a lawyer and the bottom line is the assumption that now I make too much money. No one wants to factor in that Taleb and I are now and have been supporting 4 adults (Renata, Taleb, Keith and Dominique since 2008
We are asking you to do 2 things:
1) Send a letter to our elected officials in support of our loan re-modification with Bank of America and
2) If you have money with Bank of America please divest in our names with our loan number on the National Divestment Day set for November 5th 2011.
Divesting
"Many people have already acted. Some 650,000 customers have opened credit union accounts and deposited about $4.5 billion since Bank of America announced its now-canceled $5 monthly debit card fee in late September, according to a survey of 5,000 credit unions by the Credit Union National Association released Thursday, 11/1/11. - SFGATE.COM
Divesting
"Many people have already acted. Some 650,000 customers have opened credit union accounts and deposited about $4.5 billion since Bank of America announced its now-canceled $5 monthly debit card fee in late September, according to a survey of 5,000 credit unions by the Credit Union National Association released Thursday, 11/1/11. - SFGATE.COM
Attached are two documents that you can use in support of our fight for an affordable mortgage the first is a sample letter to elected officials and the second is a script to use when divesting from Bank of America on November 5th 2001.
If you have any other questions please let us know.
Thank You,
What you can do--Watch this video
FROM: ransackedroom's Channel YouTube -- #ocuppywallstreet
FROM: ransackedroom's Channel YouTube -- #ocuppywallstreet
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| Taleb Jenkins |
What you can do--Divest From BofA
November 4, 2011
Renata L. Tervalon
Taleb C. Jenkins
2656 67th Avenue
Oakland, CA 94605
510.635.8129
Loan Number: 872495440
Subject: Divesting from Bank of America
Do this on November 5th,2011
- Contact Bank of America and inform them that you want to divest your funds
- Explain that you are divesting because B of A will not grant a fair loan re-modification to Renata Tervalon and Taleb Jenkins with the following loan number: 872495440
November 4, 2011
Your Name
Your address
RE: Renata L. Tervalon and Taleb C.Jenkins
Bank of America Home Loan Number: 872495440
Dear _____________________
I am writing to you to ask for your help in putting pressure on Bank of America to assist Renata L. Tervalon and Taleb C. Jenkins in obtaining a decent loan re-modification.
Renata and Taleb have been working with NACA a national organization that has been very successful in assisting homeowners in obtaining loan re-modifications. A key component of NACA’s success is putting direct pressure on Bank of America to grant the loan re-modification. NACA also advocates contacting our elected officials to get their assistance in putting pressure on Bank of America as well that is why I am writing to you now.
Here are the facts. Renata and Taleb’s home was worth 300,000.00 when they refinanced in 2006. Today their home is worth between 135,000 and 165,000.00 today.
We are asking Bank of America to do the following:
- Cut our interest in half
- Rewrite the loan based on the true value of the home
Some Background on Renata & Taleb’s Fight with Bank of America
Renata was laid off in February 2007, started Cane River Gumbo Company in October of 2007. Came to the realization that Cane River Gumbo Company would not pay the bills near the end of 2009 when she began her job search.
In December of 2009 when Renata and Taleb realized they were going to have difficulty paying the house note they contacted Bank of America and asked how to start working on a home loan re-modification. The bank told them that they would not be eligible until they stopped paying the note. Renata and Taleb paid the note until April of 2010. By August of 2010 Bank of America said they would be sending loan re-modification papers in 30 to 45 business days. Renata and Taleb received the loan re-modification papers in February of 2011. That was considerably longer than 35 to 40 business days. During that time frame Bank of America placed their home under foreclosure. They have successfully fought each foreclosure date as they completed the requested paperwork.
In February of 2011 Renata got an excellent job. In July Bank of America denied Renata and Taleb’s request for a loan re-modification with no explanation except the investor would not approve the re-modification.
Renata and Taleb began to work with NACA and a lawyer and the bottom line is the assumption that now Renata makes too much money. No one wants to factor in that Renata and Taleb have been supporting themselves, their son and his girlfriend since 2008 and in 2010 we lived on $48,000.00.
We are asking you to do the following:
- Please use your considerable influence to put pressure on Bank of America to grant us a reasonable loan re-modification
- Put pressure on Bank of America to stop the foreclosure the threat of sale every month, and negotiate in good faith toward a reasonable agreement with us
Thank You,
Your Name Here
What you can do--List of our Congress Members:
Name | Phone | / Fax | E-mail | Address |
Congressman - Barbara Lee | (202) 225-2661 | http://lee.house.gov/index.cfm? sectionid=128& sectiontree=18128 (Will open new window to Congressman's site) | 2444 Rayburn House Office Building Washington, DC 20515 | |
Congressman - Barbara Lee | (202) 225-2661 | (202) 225-9817 | http://lee.house.gov/index.cfm? sectionid=128& sectiontree=18128 (Will open new window to Congressman's site) | 2444 Rayburn House Office Building Washington, DC 20515 |
Congressman - Barbara Lee | (510) 763-0370 | http://lee.house.gov/index.cfm? sectionid=128& sectiontree=18128 (Will open new window to Congressman's site) | 1301 Clay Street, Suite 1000N Oakland, CA 94612 | |
Senator - Barbara Boxer | (202) 224-3553 | (415) 956-6701 | 112 Hart Senate Office Building Washington, DC 20510 | |
Senator - Barbara Boxer | (202) 224-3553 | http://boxer.senate.gov/en/contact/policycomments.cfm (Will open new window to Congressman's site) | 112 Hart Senate Office Building Washington, DC 20515 | |
Senator - Barbara Boxer | (213) 894-5000 | 312 North Spring Street, Suite 1748 Los Angeles, CA 90012 | ||
Senator - Barbara Boxer | (415) 403-0100 | http://boxer.senate.gov/en/contact/policycomments.cfm (Will open new window to Congressman's site) | 1700 Montgomery Street, Suite 240 San Francisco, CA 94111 | |
Senator - Barbara Boxer | (559) 497-5109 | 2500 Tulare Street, Suite 5290 Fresno, CA 93721 | ||
Senator - Barbara Boxer | (619) 239-3884 | http://boxer.senate.gov/en/contact/policycomments.cfm (Will open new window to Congressman's site) | 600 B Street, Suite 2240 San Diego, CA 92101 | |
Senator - Barbara Boxer | (909) 888-8525 | 201 North East Street, Ste. 210 San Bernardino, CA 92401 | ||
Senator - Barbara Boxer | (916) 448-2787 | http://boxer.senate.gov/en/contact/policycomments.cfm (Will open new window to Congressman's site) | 501 I Street, Suite 7-600 Sacramento, CA 95814 | |
Senator - Dianne Feinstein | (202) 224-3841 | http://feinstein.senate.gov/public/ index.cfm? FuseAction=ContactUs.EmailMe (Will open new window to Congressman's site) | 331 Hart Senate Office Building Washington, DC 20510 | |
Senator - Dianne Feinstein | (202) 224-3841 | (202) 228-3954 | http://feinstein.senate.gov/public/ index.cfm? FuseAction=ContactUs.EmailMe (Will open new window to Congressman's site) | 331 Hart Senate Office Building Washington, DC 20510 |
Senator - Dianne Feinstein | (310) 914-7300 | http://feinstein.senate.gov/public/ index.cfm? FuseAction=ContactUs.EmailMe (Will open new window to Congressman's site) | 11111 Santa Monica Boulevard, Suite 915 Los Angeles, CA 90025 | |
Senator - Dianne Feinstein | (415) 393-0707 | http://feinstein.senate.gov/public/ index.cfm? FuseAction=ContactUs.EmailMe (Will open new window to Congressman's site) | One Post Street, Suite 245 San Francisco, CA 94104 | |
Senator - Dianne Feinstein | (559) 485-7430 | http://feinstein.senate.gov/public/ index.cfm? FuseAction=ContactUs.EmailMe (Will open new window to Congressman's site) | 2500 Tulare Street, Suite 429 Fresno, CA 93721 | |
Senator - Dianne Feinstein | (619) 231-9712 | http://feinstein.senate.gov/public/ index.cfm? FuseAction=ContactUs.EmailMe (Will open new window to Congressman's site) | 750 B Street, Suite 1030 San Diego, CA 92101 |
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Links:
Exit Gracefully http://www.makinghomeaffordable.gov/programs/exit-gracefully/Pages/default.aspx
Exit Gracefully
If homeownership is no longer affordable or the weight of homeownership has become too much to bear, MHA has a program that allows you to exit gracefully from the property with $3,000 in relocation assistance. Through Home Affordable Foreclosure Alternatives SM (HAFA SM), you won’t owe any more for the property after leaving, and you will be free from the threat of foreclosure. Learn more about this MHA program.
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