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

Reblogger Kathleen Daniels
Real Estate Broker/Owner with KD Realty - 408.972.1822 CA BRE#01366594

Shame on Bank of America.  The age old excuse "you did not submit all of the documents" lives on with Bank of America. 

Bank of America does not have the sense of decency to do the right thing and work with homeowners to avoid foreclosure. 

Good people acting in Good Faith and Bank of America sticks it to them. 

Where are our government officials when we need protection from these Big Bad Banks?

Bank of America needs to be STOPPED from foreclosing on the Robinson's home.

Please Re-blog this post and help get the word out. Let the power of the Rain create a tsunami on Bank of America for their bogus practice of claiming documents were not received and foreclosing on well intending homeowners ... most especially Gail Robinson!

Please, if you leave a comment here ... please also leave a comment on Gail's post.

Thank You!

Courtesy of Kathleen Daniels, San Jose Short Sale Agent - 408-972-1822

 

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 organized 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
1,759,936
Tom Arstingstall, General Contractor, Dry Rot, Water Damage Sacramento, El Dorado County - (916) 765-5366
Dry Rot and Water Damage www.tromlerconstruction.com Mobile - 916-765-5366 - Placerville, CA
General Contractor, Dry Rot and Water Damage

I've often wondered who is supposed to monitor the banks Kathleen.

Feb 08, 2013 01:51 PM #1
Rainmaker
2,754,307
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

Tom,  No one does. Therein lies the problem.  They don't care.  The are making so much money they simply pay their fines when there are busted/sued and keep making profits and the expense of those they claim they are helping.

Feb 09, 2013 08:30 AM #2
Rainmaker
352,976
Melanie Ross
Coldwell Banker Solano Pacific - Benicia, CA
Benicia CA & Vallejo CA Real Estate, 707-319-2828

I am helping a client to do a loan mod.  I actually lost it on Thursday, it is like the movie Groundhogs day.  I went to twitter which helped but then two days later a new advocate got assigned, the 4th one since I have been working this last August. SAme questions, same answers.  The owner is about ready to go to Senator Fienstein.  and I have all the documentation to show what we have done.

Feb 10, 2013 07:13 AM #3
Rainmaker
2,754,307
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

Melanie,  The seller needs to do just that ... reach out for help at a higher level outside the bank!

Feb 10, 2013 07:31 AM #4
Rainmaker
675,187
Eagle Ridge Realty
Eagle Ridge Realty - Gilroy, CA
"Our Performance Will Move You!"

Nice post loaded with some good information. Thanks for sharing.

Dec 28, 2016 05:48 PM #5
Rainmaker
522,928
The Villages Realty
The Villages Realty - San Jose, CA
"Our Performance Will Move You!"

Nice post loaded with some good information. Thanks for sharing.

Dec 28, 2016 06:07 PM #6
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Rainmaker
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Kathleen Daniels

San Jose Homes for Sale-Probate & Trust Specialist
An Independent San Jose Real Estate Brokerage
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