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

Reblogger Fernando Herboso - Broker for Maxus Realty Group
Real Estate Broker/Owner with Maxus Realty Group - Broker 301-246-0001 Broker - Realtor - CEO

There is no justice from BOA

I can assure you of that. .

I have seen personally their lame attempt into helping people. . 

as a ploy to maintain their image. .

while destroying thousands of families acrros the USA. . 

 

 

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
789,260
Cindy Edwards
RE/MAX Checkmate - Johnson City, TN
CRS, GRI, PMN - Northeast Tennessee - 423-677-6677

I'm glad people are re-blogging this.  There has been great information sent to Gail (including yours).  I hope this can be changed.

Feb 08, 2013 09:16 PM #1
Rainmaker
2,703,107
Lisa Von Domek
Lisa Von Domek Team - Dallas, TX
....Experience Isn't Expensive.... It's Priceless!

Hello Fernando,

Another heart breaking story, I've left encouragement on Gail's post.  Great reblog.

Feb 08, 2013 09:16 PM #2
Ambassador
1,950,207
Fernando Herboso - Broker for Maxus Realty Group
Maxus Realty Group - Broker 301-246-0001 - Gaithersburg, MD
301-246-0001 Serving Maryland, DC and Northern VA

This is going to be a record. . is looking that way. .

Feb 08, 2013 09:18 PM #3
Rainmaker
635,649
Scott Fogleman
New Home Team 804-573-9592 - Richmond, VA
New Home Team

Fernando- Lots of people are re-blogging her post. Let hope some one steps up from B of A

Feb 08, 2013 09:22 PM #4
Rainmaker
4,827,531
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

Fernando....you're right....there is no justice from BOA.... they need to make this right...they've destroyed enough families....why would they want or need another home to deal with.... they won't make their money back...there is no profit for them...just another family taking it on the chin and this family has enough problems with failed health.

Feb 08, 2013 09:34 PM #5
Rainmaker
1,143,921
David Shamansky
US Mortgages - David Shamansky - Highlands Ranch, CO
Creative, Aggressive & 560 FICO - OK, Colorado Mtg

Prayers to that family and another disgusting example of BofA. I know people who were TOLD by BofA reps to get behind on pmts so they could do a mod then denied the mod and foreclosed. Cant anything be don e to stop this kind of behavior and action???

Feb 09, 2013 12:27 AM #6
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Kathy Streib
Room Service Home Staging - Delray Beach, FL
Home Stager - Palm Beach County,FL -561-914-6224

Fernando-thank you for helping to share Gail's story.  

Feb 09, 2013 07:15 AM #7
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Fernando Herboso - Broker for Maxus Realty Group

301-246-0001 Serving Maryland, DC and Northern VA
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