Monday, September 05, 2005

Katrina: we are sorry you lost your house , now pay your Mortgage !

It is amazing how companies react to the horror of events such as the tragedy in New Orleans , but the actions of the STANDARD MORTGAGE company has to take the top award for sickness

you may have lost your home , you may have lost your family and everything you own , but don't forget to pay your mortgate !

Or in their own words from the Standard Mortgage web site Here

Now as you remember all those little things you have to do after your entire city is under water , Standard Mortgage request

WE ASK THAT ALL PAYMENTS BE SENT TO US, AS YOU WOULD NORMALLY DO, TO THE FOLLOWING ADDRESS:

STANDARD MORTGAGE CORPORATION P.O. BOX 53426 NEW ORLEANS , LA 70153-3426

What can you say !

Oiginal reasearch done by Blah3

12 Comments:

Blogger The Baxter said...

sad...And Funny!

September 05, 2005 1:55 am  
Anonymous Woody said...

The company cannot assume that every resident who owns a house cannot meet his financial obligation. A reminder is okay. Those that can pay will pay. Those that cannot can contact the company and will have to be handled on individual bases. Don't forget, though, that the mortgage company has to pay its lenders, also. It cannot do that unless it collects from its borrowers. I'm sure the company executives are sensitive to the situation, but they must do this to stay in business and to protect its legal position with respect to the terms of the loan agreements. I don't see where this is out of line and deserving of attack. You can bet that the city of New Orleans still expects their property taxes to be paid.

September 05, 2005 2:21 am  
Blogger _H_ said...

it is about timing woody , I am sure that they will want their money , but to say so now is heartless

, I am sure they could cope for a month without resorting to asking for cash , maybe , they could break the mold and offer to not take payments for a month or two

come on , every person is giving to the red cross and other charity's , they are just taking !

why dont they offer the money from this month to the redcross , or to the families of the dead

i stand by what i say , i think to say this in the same week as so many have died is sick

September 05, 2005 2:40 am  
Anonymous Woody said...

I'm not sure that they can cope for a month, and there's no basis to assume that. The mortgage company is in a terrible position itself, and most of its collateral is gone. If the homeowners have a problem, then can turn it over to their insurance companies to settle with the mortgage company. To ask one company to delay its collections one month out of kindness is asking a disproportionate contribution from it and likely one that it cannot afford. You have a big heart, so try to open it a little more to consider and have compassion for all who are affected by the hurricane--including businesses.

September 05, 2005 2:40 am  
Blogger _H_ said...

woody the mortgage company will have its owb insurance , it will not lose a single cent

companies like swis rei insure companies such as this agaisnt natural disaster , they will not lose a cent

do you think a company would be so dumb as to not insure their own investments

?

the check to them is already in the post i am sure

and to even have the balls to ask people at THIS TIME is not right

no matter how you spin it , a company is a company and they are covered by the wonders of the modern society

insurance companies insure other insurance companies against everything , please dont assume even for one second that this company will lose a thing

trust me , they have ALL their bases covered

September 05, 2005 2:44 am  
Anonymous Woody said...

_H_, would you like me to tell you about all the mortgage companies that went bankrupt in the 1980's? They were insured. It cost this country countless billions. There are different insurance arrangments and co-insurance which could be very costly in this disaster. I suspect that a lot of insurance companies may not even have enough reserves to cover this one. This is a case of you expressing sympathy with someone else's money.

September 05, 2005 3:07 am  
Blogger _H_ said...

woody , there has been a thousand times that companies have folded yes ,

its a company

just like the dot.com industry , some float , some sink

i care about people ,

worst case scenerio i hear from you is that a mortgage company may go bankcrupt and a few hundred people may lose there jobs ,, sad , yes


but 10,000 may still be under that water

tens of thoasands have lost everything they have in life , including wives , husbands , children

with all due respect to you , may i say

fuck the mortgage company

if they went out of buisness then it is sad , but it would not even make the press over here or anywhere outside the local area

come on ,. lets put this on the scales shall we

on the one side , we have the fact that a mortgage company may go bust , on the other , we have 80 % of new orleans underwater , hundreds of thousands of people hit by this tragedy and possibly tens of thousands dead

with all due respect , if a mortgage company goes bust , i won't even blink

watching the people of new orleans really did bring a tear to my eye

if all the owners of this mortgage firm lose in this is their company then let me be the first to let them know that they are ver very lucky

you . nor anyone else , should be looking after the companies right now

look after the people , bury the dead , then worry about the cash

we won't meet on this one either woody , it seems that already these people are being de humanised , and to talk of such things as morgtgae payments now , again stuns me ,, is this really how the right think ?

September 05, 2005 3:31 am  
Anonymous Woody said...

I care about the people first, but you brought up the issue about the company.

The company employs hundreds or thousands, many of whom live(ed) in New Orleans and will be unemployed. The company is owned by thousands of stockholders, many of whom will lose their investments and many of whom are retired and depend on these investments to survive. The company cannot make future loans to people who need them if past loans are not collected. The company itself is likely inaccessible and cannot field enough employees to operate. Think about that and that effect on people.

A company is not some nebulous entity sitting outside the world. It is owned by people, employs people, and serves people. It is a collection of people--just as a city is. The company and victims of its failure are deserving of consideration, care, and help--not attacks.

What it needs to survive is mortgagees honoring the agreements they signed and for which they have insurance--not people from the outside telling the company what it OUGHT to do, expecially people with a cold heart towards business and incomplete facts.

If you feel sorry for the victims of the hurricane, don't tell OTHERS to sacrifice or die. Give YOUR money to help everyone stay afloat. That's how the right thinks.

September 05, 2005 4:00 pm  
Blogger _H_ said...

again woody it is about priority

first you get people water
then you get the medicine in
then you get the food in
then you get the people out
then you recover the dead
then you bury the dead
then and only then , you look at side issues like mortgages

this company jumped the que , in essense putting themselves higher up in priority then they should be

that is why i said "fuck the morgage company" that is why i said "is this how the right thinks ?"

what is so disgusting about this (from my point of view) is not that they want their money , or that they should get it , it is that whilst bodies are decomposing under that water , whilst reports of "west nile feaver" breaking out in those poor people ,that they would choose (which they did) to ask this question NOW

as for most of what you say woody , of course it makes sense , but there is no part of me that will accept that this needed to be done NOW

they are not and should not be anywhere near the top of the list right now

and i remain to my view , if they did this a few weeks or months from now , then of course ,

to do this when they did , is disgusting and sick

September 05, 2005 4:09 pm  
Anonymous Woody said...

_H_, everyone needs to put priorities on the responsibilities for which he is charged. Individuals, government, and other companies are putting priorities on saving people and restoring the city. Those are THEIR priorities.

MY priority is to support my family and my secondary priority is to help those in need. The COMPANY'S primary priority is to survive and secondarily to help people. Do YOU throw out your duties and stop life because there is a crisis? You can't.

There are a division of duties in society, and just because the duties assigned to the government are higher than those of business (in this case) doesn't mean that the officers of the company are supposed to sit back and let all the money disappear while it goes under.

The company has a duty to its shareholders and cannot defer or loan money for free. Do you think that supply companies should give away cots and clothes for free? Should medical companies provide drugs and medical supplies for free? Should helicopter manufacturers provide its product for free? Do you think that the government isn't expecting it's taxes?

Let the govenment do what it does, individuals do what they do, and business do what it does. Life has to go on--and there's nothing wrong with that. The system works. Those in need will be helped and get through this.

It's clear that we won't agree on this. While I am just as sympathetic as you to those with problems, I see a greater problem if we demand that people and companies give more than they have to give and expand the crisis.

This is a big world, and there are a lot of other people who could be picking up the slack with their own money rather than their criticisms. Maybe the mortgage companies in G.B. will be willing to buy these loans from Standard Mtg. Why not? If not, then start focusing on them and quit focusing on Standard. It has its own hands full as it is.

September 05, 2005 4:46 pm  
Blogger _H_ said...

you would be suprised the effort already being made in my country (for example)

I have just been to a small local supermarket , with no american connection and not even a national base , (they have just 3 shops)

and they have started a collection from there customers and have offered to double any money raised by their customers out of the companies account , this is standard stuff , they did the same after the tsunami ,

as for this whole debate , it seems that the company have ended it for us , it "seems" they have realised the error and have locked / taken the page down

if i click on the link now , it tells me that the page has been secured (i assume so that only staff can access it)

so if they have taken it back , then I , and the hundreds of other sites that have critised them will gladly take back the critism

i am hopefull that this was a company choice , i am hopefull that someone with a brain cell said .."wait , this will do us more harm then good" and has stepped in

if any of this is true , then good on them , of course , maybe they have just blocked international access to the site and i wouldnt know (yet)

September 05, 2005 4:54 pm  
Blogger _H_ said...

had it confirmed , the company has responded to what seem's to be a huge backlash from americans ,and have taken the article down and locked the site

September 05, 2005 6:08 pm  

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