Need Help Negotiating w/Lender

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Posted by cliff on December 22, 2002 at 18:05:11:

I have been trying to negotiate with my lender, American Savings Bank, at http://www.asbhawaii.com to reinstate our mortgage loan.

I made several proposals, but it was shut down, and Anson Pang, collections manager, will likely to finalize foreclosure and auction the property in late January 2003 or early February 2003.

My luck, this collector does not have compassion. I met a person that filed chapter 7 on a $2,000 unsecured note because Mr. Pang would not accept that person's good faith in paying less than the minimum amount required. Mr. Pang requested for that person's vehicle title as a collateral. That person later would become a loan officer. Thanks to him I am still persisting.

Below is an article quoting Mr. Pang showing compassion to borrowers after "9/11".

http://foreclosure.waipahu.org/display_topic_threads.asp?ForumID=4&TopicID=1

http://pacific.bizjournals.com/pacific/stories/2002/03/04/focus1.html

Notice that Mr. Pang did not disclosed any figures. I think that First Hawaiian Bank and Bank of Hawaii are compassionate and willing to help their borrowers. Mr. Pang on the other hand, I have been trying my best but he insisted a higher down payment. Otherwise, he'll finalized foreclosure if the down payment of $6800.00 plus $1,000 is not paid by December 27, 2002. I told Mr. Pang that if I could I would. He replied, sorry sir, it's not going to fly.

I already wrote to the bank's president and CEO, Constance H. Lau, and as of today, I have not receive any response. I have spent many hours researching for a solution. I consulted with attorneys, but they advice to file chapter 7 or 13, and they'll make an easy $700.00. My credit will be shut.

Any assistance will be greatly appreciated.

Aloha

• collections and recovery

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Comments:
: I have been trying to negotiate with my lender, American Savings Bank, at http://www.asbhawaii.com to reinstate our mortgage loan.  

: I made several proposals, but it was shut down, and Anson Pang, collections manager, will likely to finalize foreclosure and auction the property in late January 2003 or early February 2003.

: My luck, this collector does not have compassion.  I met a person that filed chapter 7 on a $2,000 unsecured note because Mr. Pang would not accept that person's good faith in paying less than the minimum amount required.  Mr. Pang requested for that person's vehicle title as a collateral.  That person later would become a loan officer.  Thanks to him I am still persisting.

: Below is an article quoting Mr. Pang showing compassion to borrowers after "9/11".

: http://foreclosure.waipahu.org/display_topic_threads.asp?ForumID=4&TopicID=1

: http://pacific.bizjournals.com/pacific/stories/2002/03/04/focus1.html

: Notice that Mr. Pang did not disclosed any figures.  I think that First Hawaiian Bank and Bank of Hawaii are compassionate and willing to help their borrowers.  Mr. Pang on the other hand, I have been trying my best but he insisted a higher down payment.  Otherwise, he'll finalized foreclosure if the down payment of $6800.00 plus $1,000 is not paid by December 27, 2002.  I told Mr. Pang that if I could I would.  He replied, sorry sir, it's not going to fly.

: I already wrote to the bank's president and CEO, Constance H. Lau, and as of today, I have not receive any response.  I have spent many hours researching for a solution.  I consulted with attorneys, but they advice to file chapter 7 or 13, and they'll make an easy $700.00.  My credit will be shut.

: Any assistance will be greatly appreciated.

: Aloha


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