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

Reblogger Carla Muss-Jacobs, RETIRED
Industry Observer with RETIRED / State License is Inactive Inactive License Oregon

God Bless Gail and her husband.  If you're not familiar, he is going through some health issues.

We are real estate agents and we are certainly NOT immune from the slings and arrows of outrageous fortune! 

PLEASE go to Gaiil's original post and RE-BLOG!!

I tried to get a loan modification two years ago when I was in the midst of my health issues involving my left leg.  I told the "old enough to be my daughter" "counselpr" assigned to my file what I did for a living.  "I'm a real estate agent" I said . . . and the "counselor" who was old enough to be my daughter tells me . . . and I'm NOT making this up: "Maybe you should get a job!"  She even wrote that up in the loan modification paperwork . . . she was telling me to GIVE UP my real estate practice and "get a job" -- BITCH!  Real estate is my chosen professional and I have spent countless time and money developing my business. 

I managed my life without a loan modification, thank you very much and I did not have to give up my real estate practice in order to get a loan modification! 

My distaste fo the government's loan modification programs -- that TAXPAYERS ARE FUNDING -- began several years ago when I tried to apply.  I went THROUGH the Government's webisite and was assigned this "counselor" who told me to get a job!  I wasn't calling to get career advice.  I was calling to apply for a loan modification -- WHICH WAS ENACTED BY CONGRESS TO ASSIST HOMEOWNERS!  And this company got paid for the wonderful "counseling" I received.  Grrrrrrrrrr . . .

Back to Gail . . .

Shame on Bank of America.  I do NOT banking with them anymore and closed my accounts with them as my way of saying "Thanks BANKSTERS for the lovely mess you made."  B of A was a BIG PLAYER in the fraudlent mortgage scansels.  Remember when they bought Countrywide . . .

PLEASE SUPPORT GAIL and her husband and re-blog.  Go to her original post and RE-BLOG!!!


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.

6 PM 2/9/13 UPDATE:  Two Social Media managers from BOA contacted me today and my case will be sent to their Escalation Team. I will know more on Monday and will post an update in a new post.  Thank you all for taking the time and effort to reblog, Tweet, share on FB, post on Google+, and for your comments/calls/e-mails.  AR may not be a face-to-face group, but we are a community in the true sense of the word - a group of people who care for one another and help each other in their time of need.  Thank you my AR family from the bottom of my heart.

2/11/13 Update:

Three calls today from BOA and I now have one point of contact for dealing with them.  I haven't anything to report yet, except that this time it seems like my loan modification has been fast tracked for priority review.  I will report back as I know more.  I really appreciate your help.  I should know more by the end of the week.  I'll keep you informed.  Thank you so much!  This wouldn't have happened without your efforts. I'm very grateful to my AR friends!  Thank you!


Fairfield County CT Real Estate 

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Patricia Kennedy
RLAH Real Estate - Washington, DC
Home in the Capital

Carla, thank you for re-blogging this one.  and wow!  Talk about a total outrage. 

Feb 08, 2013 12:05 PM #1
Larry Brewer - Benchmark Realty llc
Benchmark Realty LLc - Nashville, TN

Hi Carla - I understand that this was a very effective way to Bank Of America's attention. It was great for everyone to turn up the heat.

Feb 15, 2013 07:10 AM #2
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Carla Muss-Jacobs, RETIRED

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