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

Reblogger Sondra Meyer:
Real Estate Broker/Owner with Star View Real Estate CO: II100035296

Do not do business with Bank of America.  (BOA).  This is how the treat people. 

Yes, they did contact her on Saturday after she appeared on their social media radar.  I pray they will this story will have a happy ending.   At the same time, I wouldn't want to deal with a bank that won't listen unless something goes viral on the internet.  

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.

 

 

Fairfield County CT Real Estate 

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Rainmaker
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Sharon Lee
Sharon Lee's Virtual Assistance - Jonesborough, TN
Retired and loving life

Sondra-I totally agree with you and am waiting to find out if they do what they should have done in the first place. I can't imagine worrying about losing my home and husband at the same time. One stressor at a time is more than enough to handle. I think I read there was 80 reblogs of her posts, I sent B.O.A a message with the link to that blog on her FB page. Happy Monday.

Feb 10, 2013 10:41 PM #1
Rainer
22,029
Michael Ostrowski
Internet Engine - Libertyville, IL

Good to know.  I have banked with them for 10 years and have looked into getting a mortgage with them.  This type of news will make me seriously re-think doing so.

Feb 10, 2013 10:59 PM #2
Ambassador
1,341,892
Gayle Rich-Boxman Fishhawk Lake Real Estate
John L Scott Market Center - Birkenfeld, OR
"Your Local Expert!" 503-755-2905

Sondra, well, AMEN to that...it took badmouthing to the media for these idiots to finally sit up and take notice. WHAT I LOVE is when this kind of "going viral" type of communication actually WORKS! Yea, Gail, YEA ActiveRain! (I re-blogged it, too).

That's cool what Sharon did.

 

Feb 10, 2013 11:07 PM #3
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Gary Woltal
Keller Williams Realty - Flower Mound, TX
Assoc. Broker Realtor SFR Dallas Ft. Worth

At least Gail says some progress this week is being made with her case Sondra, as they have moved the file to the escalation department. To toss the thing aside in cavalier fashion with the excuse the paperwork was not filled out completely is totally ludicrous.

Feb 10, 2013 11:23 PM #4
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Sondra Meyer:

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