THE WA. MU. RIP-OFF OF THE HOMEBUYERS

    In 1997 I purchased a D/W mobile home through Wa. Mutual. It was a fixed rate agreement over 20 years. I had a payment that stayed the same,  as it should have since it was after all, a fixed rate agreement.
    In 2005 I heard rumors that Wa. Mut. was having problems with irregularities in the way they were doing business. I felt quite comfortable since I didn't think it would affect a small fish in a big ocean. However, sometime shortly thereafter, 2006,  I  received a notification that my contract had been sold to GreenTree and I would be receiving further communication from them. It was another indication to me that they were having problems because usually it's one of the first things that banks have a tendency to do when the money gets tight. In cases like that, the banks that aren't having difficulties become predatorial and make offers on whatever is presented to them by the troubled mortgage holder. After being informed on the balance left owing, the mortgage buyer pays anywhere from 25 to 35 cents on the dollars owing.
    Since the original lender has already made approx. 30% in total dollars over the amount credited to the mortgage principal that has been subtracted from the original principal, they are ahead of the game anyway. The money they receive for the 35 % sale is also added to the their profit. After every thing is considered, their  past expenses on the account included, they are ahead of the game.
    The contract buye stands to make a profit on the rest of the contract which leaves them to collect payments on a much smaller investment than the principle I still have left to pay on.
    When I received my payment notification from GreeTree, The payment amount was increased by $25.00 per month. Since my  arrangement was for a fixed rate contract, I enquired with GreenTree to find that Wa. Mut. showed I had received $3700.00 as a Corp. advance in the year 2000. They also showed I had received another $2000.00 in the year 2005.
    I had never received either of those moneys ever!
    It seems that Wa. Mut. inflated my principle that amount when they sold the contract to GreenTree.
    After objecting vigorously to G.T. they ended up leaving my payment the same.
    I sat back to enjoy the rest of the ride until I was notified by the I.R.S. that I owed them taxes on that money and to pay up! I told them my story for what it's worth  and that seems to be placed in limbo.
    As it stands today, I think I know what's going to happen should I live long enough to finish my contract. GreenTree will refuse to deduct the extra $5700.00. In fact they probably won't release my title either if I don't pay it.
    Washington Mutual is impossible to reach because of their bancrupcy and fraud situation.
    GreenTree refuses to discuss it with me as well.
    Any sugestions:?  Just sayin'.

THERE OUGHTA BE A LAW.

    Let me clarify my position on private ownership in the United States. I believe in it in most cases.
    Private companies are far more effective economically. In no way can a Gov't owned business thrive and survive in competition with private investment.
    However, I also believe that no privately owned company, Gov't subsidized or otherwise, should be allowed a monopoly on a business that is essential to the well being of a normal, wage earning citizen of  the United States, Senior Citizens and disabled unfortunates included.
    I will use P.S.E. for an example.
    They control use of electricity plus other crucial utilities to millions of people in the Puget Sound area.
    To those recipients, there is no other choice but to accept those services. Services that can mean exreme hardship or even death due to weather conditions if denied.
    The charges for these services can be, and in most cases are, whatever the traffic can bear. Of course this goes without saying with products that are non-essential. However with products that are
non-essential, there is competition in the marketplace to go to that may have the same or similar product that is less expensive.
    That's what happens in a free market society, as it should be. But we can't do that in the case of P.S.E. There's too much "like it or lump it" attitude with them.
    When they shut the power off without speaking to the owner prior to doing it, that's downright wrong somehow. They do come to the door ,yes, but if you aren't home at that particular time, they shut it off anyway, leaving the animals inside to suffer and the place to freeze up.
    In adverse weather they should not be allowed by law to do it. Whatever happens economically in their guaranteed business, they need to be taking their chances like any other independent, private business. After all, they are private stockholders as far as I know.
    Bringing this whole problem to light poses many questions and difficult answers, no doubt, but they don't have to kick a man when he's down like they so often do.
    Besides the lucrative entertaining world of  lobbyists, what are we paying our politicians for?
    I don't know any definite answers to this of course, but a few bucks under the table and I might.
    Get it yet?  Just sayin'.