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

Reblogger Geri Sonkin
Real Estate Agent with Douglas Elliman Real Estate 516-457-7103

There is nothing more devastating than finding yourself in a life situation over which you have no control and trying to keep your head above water.  The loan modification fiasco makes it all but impossible for homeowners to get a fresh start.  Reading Gail Robinson's story is likely to bring tears to your eyes and sheer frustration with a system that clearly doesn't work.  Shame on Bank Of America for offering solutions it obviously has no intention of fulfilling.

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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Rainer
306,519
Jimmy Faulkner
Florida. Homes Realty & Mortgage - Wantagh, NY
The Best Of St. Augustine

Dear Gerri: I quess you will remember me from Long Island. I sold everything in 2005, my buildings & the business. Here I was considered crazy but the handwriting was on the wall. The Government, which is backed by the Banks, want to change the system & be rid of the middle class. This is a well orchestrated plan that no one wants to look at for what it is. My studies in College were Computer Science. I was a Political Science major but a certain PHD professor Dr. Ornstein, an Aschweitz surviror took me out of Political Science saying I would starve even though I was an A Student in the subject matter. Dr. Ornstein showed me how to read history from books that are not given in the schools. This is how I figured out what was coming. Germany 1933 & the rise of you know who. Many Jews stayed in Germany saying nothing will happen to them & they were wrong. Even Eienstein left. In my readings I allways felt Germany was a dry run for the real thing & I still believe that. A smoke scrren was sent up in many areas of our lives so that we could not see what is coming. It is now here.  22 active service people commit suicide EVERY DAY. Is this not the reckoning of a country ready to crumble. We have all been decieved. When the Trade Center went down I said that it did not happen as we saw it happen & everyone was angry with me. 10 days later the "THE PATRIOT ACT" was passed,(what a name) that was to change our lives as they said forever. Hitler burned the Reichstag, Nero burnt Rome & we follow what the government says. Hitler said the Bigger the Lie the better it is believed.  I really feel bad for you & your plight. You were & still are one of the BEST Realtors in Long Island & I do hope things do get better.  Respectfully, JIm Faulkner

Feb 09, 2013 01:19 AM #1
Rainer
306,519
Jimmy Faulkner
Florida. Homes Realty & Mortgage - Wantagh, NY
The Best Of St. Augustine

Geri: I do wish you all the best & I will pray for you. You are a GREAT Realtor with a big hardship & no government to back you. I am in Florida now hoping that our country will get a better sense of itself.  Sincerely, Jim

Feb 09, 2013 05:48 AM #2
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Geri Sonkin

Long Island Real Estate & Staging Expert
Need a staging, or real estate help, contact me now!
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