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

Reblogger Richie Alan Naggar
Real Estate Broker/Owner with people first...then business Ran Right Realty 636943 licensed to thrill

This behavior toward the weak and susceptible who have for whatever reason not fared well is not allowed nor will it be supported..BANK OF AMERICA....HA! Your name is synonymous with hardship, indifference, Scrooge (before he repented) and you are the Prince of Darkness of the banking world...sorry, but you cant make this stuff up.

Why don't you pick on someone who can fight back? Cowards all of you. I'm sorry but your fruit identifies the tree...not me

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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Richard Iarossi
Coldwell Banker Residential Brokerage - Crofton, MD
Crofton MD Real Estate, Annapolis MD Real Estate

Richie,

Banks have no souls and this is the perfect example. BOA is getting blasted, and justly deserved, in the social media.

Rich

Feb 09, 2013 02:15 AM #1
Rainer
306,519
Jimmy Faulkner
Florida. Homes Realty & Mortgage - Wantagh, NY
The Best Of St. Augustine

BOA is your government. That is who elects them. We vote for the one who spends the most money & who has the most money? We are @ fault for letting this happen. Shame on us.

Feb 09, 2013 02:23 AM #2
Rainmaker
2,415,168
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

 

 

Richie to Rich...Add to your most worthy comment this as well too...THEY HAVE WELL DESERVED CRIMINAL RECORDS ALSO. You know being convicted of FRAUD in today's society is no joke.....This banks hypocrisy disturbs me Rich

 

Jimmy...I join you in taking responsibility...thank you and for my part....I am deeply sorry for it...

 

Feb 09, 2013 02:30 AM #3
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Richie Alan Naggar

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