Today I Was Told by BOA My Home is Going into Foreclosure

Reblogger Anna Banana Kruchten CRB, CRS 602-380-4886
Real Estate Broker/Owner with Phoenix Property Shoppe AZ Broker BR030809000
https://activerain.com/droplet/Qtj

Please read this blog post. It is very important to get this kind of news out to the general public so they know how Banks are continuing to treat their 'customers'.  This poor family has gone through hell and back and now the bank refuses to do a loan modification.  And now with the husband in hospice and facing his final days Band of America suggests they just leave. 

Original content by Gail Robinson RES.0772823

After three years of filling out loan modification paperwork and sending it in, I was informed via a phone call today from Bank of America that my loan modification was declined on 2/1/13 as I didn't submit all the documents.  Bank of America continues to state this as a reason for declining my loan modifications, but I give them everything they ask for and then have my HUD counselor review it for completeness.  Anyone who knows me knows how organize and detail oriented I am.  I have a Ph.D. from Columbia University and that required an incredible attention to detail.  I know I submitted all the documents required as I carefully reviewed every request and my HUD counselor, Michael Haynes, of the Neighborhood Housing Services of New Haven reviewed them.

This seems to me to be a bogus excuse.  I think they just don't want to do a loan modification.  Although why BOA would want one more foreclosure in Bridgeport, Connecticut is beyond me.  They aren't going to sell the home for more money than I would pay for it.  I bought this home at the peak of the market in 2005 and paid $400,000.  It is now worth no more than $250,000.  I'm earning a good income now, my income tanked when my husband became ill with pancreatic cancer three years ago and our expenses have been high due to the cost of medications, travel, and treatment.  We also lost his income when he became ill.  We were both in real estate and the market downturn left us with less money at a time when we needed more.

As you know, my husband has Stage IV Pancreatic Cancer and he is getting hospice care in our home.  I haven't told him yet that our home is going into foreclosure.  BOA says to consider a Deed in Lieu of Foreclosure or a short sale and just leave, but my husband wants to spend his final days in his own home.  Is that too much to ask of a big heartless organization?   Probably.   But don't you wonder where all that Mortgage Settlement money went to?  Weren't the lenders supposed to be doing more loan modifications instead of allowing homes to go into foreclosure?  What the heck are they doing with that money anyways???

It makes no sense at all to me, but my hope is that if you would reblog this post that BOA will notice it on social media, reconsider their decision to foreclose, so that I don't have to tell my husband that our home is going into foreclosure.  He's been going through a tough time over the past few weeks and my fear is this will cause him enough stress to push him over the edge emotionally and physically.

I trust in the power of AR to get the word out and in your love and kindness to support me at this time as I try to be strong for my husband.  Thank you.

 

 

Fairfield County CT Real Estate 

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Rainmaker
2,479,209
Rebecca Gaujot, RealtorĀ®
Vision Quest Realty - Lewisburg, WV
Lewisburg WV, the go to agent for all real estate

OH MY..that is so sad, I will reblog also. Thanks for your reblog ANNA!

Feb 08, 2013 07:57 AM #1
Rainmaker
504,688
Teral McDowell
Referral Patners LLC - Murphy, TX

Gladly rebog! whatever happened to treating customers like people; good Lord help us all.

Feb 08, 2013 08:09 AM #2
Rainer
78,723
Mike Sibbald
Elevations Real Estate, LLC - Fort Collins, CO
Broker/Owner Elevations Real Estate, LLC

I am very sorry.  This is a horrible situation and I believe Gail is correct.  BOA just does not want to do the work!  It is easier to tell someone that all the paper work is not turned in.  I too will re-post!!  Mike.

Feb 08, 2013 10:39 AM #3
Rainmaker
2,944,635
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

Anna this is a shame, I work with BOA on many deals and there are good people who work there, the management decisions i question sometimes and would love to be able to help with my advice on how things could work better. My question is if they she is working direct with BOA or a service provider such as an outside company hired to complete the Loan mod. The third parties can be awful. Some of the best results i have had were on twitter where i got near instand responses to complaints. I sure hope she gets someone reasonable at BOA to help.

Feb 08, 2013 10:44 PM #4
Ambassador
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Margaret Rome, Baltimore Maryland
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

Anna, With all the attention from the AR members...BOA has contacted Gail. This is such a powerful network.

Feb 09, 2013 01:52 PM #5
Rainmaker
216,493
Christine McDaniel
Coldwell Banker Residential Brokerage Porter Co. - Crown Point, IN
Broker Associate

Thanks for sharing Anna.  Hopefully they will have a satisfactory solution for Gail.

Feb 13, 2013 11:19 AM #6
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