Today Gail Robinson Was Told that Her Home was Going into Foreclosure

Reblogger Jon Zolsky, Daytona Beach, FL
Real Estate Broker/Owner with Daytona Condo Realty, 386-405-4408

 

It was, probably, more than a year ago, when I asked my daughter Inna to contact Gail and discuss helping Gail with the mortgage, so that she could stay in the house.

She thanked, but did not want to do it. She believed she would get the bank to agree to loan modification.

I did not believe even for a second, that BoA would grant Gail loan modification. I would love it to happen, but I knew they would say "no" for any reason or no reason whatsoever.

I will be offering some concrete steps not just to comfort Gail, but to help her stay in home, I simply need time until tomorrow, so please, come back to my blog tomorrow, as I would need your help to help Gail. We can't get it from the bank, but we can make it happen on our own, as AR members, as good people, and I hope we are.

Meanwhile, please reblog Gail's post. She hopes if we scream loud enough, the bank will hear. Let us honor this simple wish, but let us not bet on this hope.

Together we are stronger than Bank of America.

We can help.

Let's do it.

 

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.

 

 

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Pamela Seley
West Coast Realty Division - Murrieta, CA
Residential Real Estate Agent serving SW RivCo CA

Hi Jon, I have re-blogged too and will be tweeting her post on twitter every day. Together we can make Bank of America notice. Now whether they will give her a loan modification will remain to be seen. They will probably say it's up to the investor and investor says no. I will come back to your blog tomorrow. Thanks,

Feb 08, 2013 02:28 PM #1
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Jon Zolsky, Daytona Beach, FL
Daytona Condo Realty, 386-405-4408 - Daytona Beach, FL
Buy Daytona condos for heavenly good prices

Pamela - Bank of America knows the situation and still they have chosen to deny, which, to be honest, did not surprise me a tiny bit. Those, who sent her the letter, are not authorized to make decisions other than what is in their rules and regulations.I would love to hope that they will reconsider, but I doubt it, unless we get to the higher echelon, who can make decisions different from their regular procedural rules.

I am sure we, members of AR, can do what BoA does not want to do, i.e. help Gail stay in her home. It is too late now, but I would see what could be done to help Gail. Maybe setting a charitable account, I just do not know at this point.

I am sure we can help. I will write the suggestion tomorrow (already today) and I hope you would join the ranks of those, who would help Gail, not just bet on BoA to do it.

Feb 08, 2013 02:37 PM #2
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Melissa Zavala
Broadpoint Properties - Escondido, CA
Broker, Escondido Real Estate, San Diego County

With all of the reblogs on this post, I am thinking that B of A has some work to do here!

Feb 09, 2013 04:29 AM #3
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Jennifer Fivelsdal
JFIVE Home Realty LLC | 845-758-6842|162 Deer Run Rd Red Hook NY 12571 - Rhinebeck, NY
Mid Hudson Valley real estate connection

Jon I will be back to see what you have in mind.  I hope a solution can be found.

Feb 09, 2013 01:48 PM #4
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Jon Zolsky, Daytona Beach, FL
Daytona Condo Realty, 386-405-4408 - Daytona Beach, FL
Buy Daytona condos for heavenly good prices

Melissa - I am sure there are plenty of similar situations for Bank of America, and I doubt the bank would do anything. My idea was to go to people, not the bank, but Gail asked me not to do it. I have to respect her decision whether I agree with it or not.

Feb 10, 2013 07:40 AM #5
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