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Replies (18)
- dododad ododdod, "nononoononoddo"
- Contributions:233
Hello,
The games and no help is Bank of America's way of treating people in need of help. I have had 2 clients experience the same treatment by Bank of America. We finally got past the games after calling the bank and speaking to a supervisor on one of the cases we were working for on behalf of the client. A report just came out showing that B of A is or has the worst track record when you apply for a loan modification Which Banks are not Modifying. It is a shame since I do not see a reason B of A could not do more and more loan modifications especially when they have so many defaults and even more when they bought Countrywide!!! Anyhow Click on my name to stay updated with Loan modification and Real Estate Related News. Good Luck!
The games and no help is Bank of America's way of treating people in need of help. I have had 2 clients experience the same treatment by Bank of America. We finally got past the games after calling the bank and speaking to a supervisor on one of the cases we were working for on behalf of the client. A report just came out showing that B of A is or has the worst track record when you apply for a loan modification Which Banks are not Modifying. It is a shame since I do not see a reason B of A could not do more and more loan modifications especially when they have so many defaults and even more when they bought Countrywide!!! Anyhow Click on my name to stay updated with Loan modification and Real Estate Related News. Good Luck!
- Linda Rozales, "Lrozales"
- Contributions:245
I would suggest that you call the HUD line for help in assisting you and the number is 888-995-4673. Let them know what is going on and they will help you talk to Bank of America.
Hope this helps!
Hope this helps!
- Antoine Pirson, "aepirson"
- Contributions:94
Yes, unfortunately, bofa is known for not doing lona mods, and have a bad rep on short sales as well.
I also think they have "other" motives for not doing these transactions. One of these could be that as along as they keep the "toxic" assets on the books, they get fed help, i.e. they can borrow at 0.4% at the window, and reinvest at 7 - 8% or more, meaning they make more money keeping the loan then forclosing or modifying or short selling.
Calling hud may be your best bet.
Antoine
I also think they have "other" motives for not doing these transactions. One of these could be that as along as they keep the "toxic" assets on the books, they get fed help, i.e. they can borrow at 0.4% at the window, and reinvest at 7 - 8% or more, meaning they make more money keeping the loan then forclosing or modifying or short selling.
Calling hud may be your best bet.
Antoine
- Rock Martin
- Contributions:31
You're Another Through The Mod Loan Glass With Dewy, Cheatem & Howe. Here's this piece:
Today's houses are more covered with mortgages than with paint.
I have a temporary mortgage. What do you mean temporary? Until they foreclose. Yes, it is a Pity You Didn't Read The Small Print BUT what are the foxes doing in charge of our hen house anyway? Why are terrorists in charge of our financial system? Terror is a state of intense fear, one or something that inspires fear, a frightening aspect terrors of invasion, a cause of anxiety, worry, an appalling person or thing. That's all very clear and straight forward to me. Terror is exactly how my family and feel from these home lenders.
FACT: America is still a Free Speech Zone isn't it? U.S. Constitution and Bill of Rights and all that good stuff. It is true that home loan lenders are way too increasingly being accused and * proven of pandering, Unclean Hands and being a threat to American economic interests and security. President GW Bush and President B. Obama and millions others are rightfully still blaming lenders for the American recession. Unreasonable lender insistence on foreclosure is driving the American economy further into recession. That is an increasingly contemptible tactic as it pushes us nearer to global depression. Home value continue to go down because of lender initiated foreclosures.
OPINION: our opinion is part of our guaranteed Free Speech: What Bank of America and Impac Mortgage conspired to do and then did to us was a horrible scam that was financially and emotionally devastating to my family and I.
- Rock Martin
- Contributions:31
OPINION: The mortgage industry was regulated and it was well-regulated until President GW Bush stepped in and stopped the enforcement of the existing very good regulations.
FACT: Since summer 2005 Uncle Sam says Home Loan Modifications are the required way to avoid foreclosure, but the mortgage lenders are NOT willingly doing them. Why?
FACT: Brian Moyihan, home borrowers are facing foreclosure that shouldn't be.
OPINION: Home loan lenders are NOT doing the REQUIRED Note Modification. Instead, irrational lenders are illegally doing Foreclosures and Short Sales in violation of the rules. Why is that Brian Moyihan?
OPINION: The required immediate Note Modification gives homeowners time until the housing market recovers, the economy recovers, homeowners' credit can start being repaired to its previous flawless condition, and do NOT add to the already bloated for sale/rent housing inventory. That's why HUD, Freddie and Fannie had their foreclosure mitigation requirements, and Congress and the President signed foreclosure mitigation legislation into law -- years ago!
- Rock Martin
- Contributions:31
FACT: In Nevada all these loan mods have to be approved by the Nevada Mortgage Lending Division. We found this requirement out only after the fact. The Nevada Mortgage Lending Division never approved our Impac Mortgage approval from Jason Curry and Steve Curry becasue Impac Mortgage, Jason Curry and Steve Curry are not registered as they are legally required to be.
FACT: Nevada Assemly Bill 149 FURTHER Requires Homeloan Modifications
FACT: Nevada Assemly Bill 149 FURTHER Requires Homeloan Modifications
Nevada legislators finally got fed up enough with the lenders illegal foreclosures and did something.
Nevada ASSEMBLY BILL NO. 149 establishes additional restrictions on the trustee's power of sale with respect to owner-occupied housing by providing a homeowner with the right to request mediation under which he may receive a loan modification. Once a homeowner requests mediation, no further action may be taken to exercise the power of sale until the completion of the mediation. Each mediation must be conducted by a senior justice, judge, hearing master or other designee pursuant to rules adopted by the Nevada Supreme Court or an entity designated by the Nevada Supreme Court.
THE PEOPLE OF THE STATE OF NEVADA, REPRESENTED IN SENATE AND ASSEMBLY, DO ENACT AS FOLLOWS:
- Rock Martin
- Contributions:31
Nevada ASSEMBLY BILL NO. 149 establishes additional restrictions on the trustee's power of sale with respect to owner-occupied housing by providing a homeowner with the right to request mediation under which he may receive a loan modification. Once a homeowner requests mediation, no further action may be taken to exercise the power of sale until the completion of the mediation. Each mediation must be conducted by a senior justice, judge, hearing master or other designee pursuant to rules adopted by the Nevada Supreme Court or an entity designated by the Nevada Supreme Court.
FACT: We requested this required mediation and compliance pursuant to NV AB 149. We did it in writing through Republican U.S. Representative Dean Heller's office. Bank of America and Impac Mortgage refused to meet with Lance Allen, our chosen trained mediator with Neighborhood Mediation Center (NMC). In 1997, Nevada legislation was enacted to impose filing fees to fund this Neighborhood Mediation Center (NMC) in Washoe County, Nevada . The NMC can handle any type of dispute and is designed to provide conflict resolution services, including mediation, conciliation and referral services, at no charge, within Washoe County. Yet somehow Bank of America just didn't care and they refused to comply with NV AB 149. Republican U.S. Representative Dean Heller's office did not care that Bank of America refused to comply with this NV law and several other laws.
- Rock Martin
- Contributions:31
FACT: If you get one of those dreaded Notice of Default's filed against your home, check out the facts first. Like is the one that filed that Notice of Default the one with the lawful authority to do so? Guess what? The vast majority of the time, they don't! They claim to have the authority, like Impac Mortgage did here in this story, but don't believe it. Make them prove it to you.
If it's not the party written in your Deed of Trust, a legal trail must be established as to how the alleged party now foreclosing is lawfully involved and has the lawful authority to do so. That included if your loan has been sold one or more times from who you originally did the loan with. There has to be provided to you the trail of legal transfers.
FACT: All the legal information that a title company can rely on in the chain of title search when the title company issues the title insurance, is on each property's recorded Deed of Trust or Grant Deed or Quit Claim Deed. Those are the only documents that should be accepted and relied on for these foreclosures by the sheriffs and in issuing their Trustee's Deed, and the title companies subsequent issuance of title Trustee insurance and title insurance going forward from a Trustee's Sale. If the party/ies identified in the property's Deed of Trust is or are not the same as the ones doing the "foreclosure," the escrow and title must know why they aren't before escrow is closed. And they must know to their legal satisfaction before they close the escrow or issue title insurance.
If it's not the party written in your Deed of Trust, a legal trail must be established as to how the alleged party now foreclosing is lawfully involved and has the lawful authority to do so. That included if your loan has been sold one or more times from who you originally did the loan with. There has to be provided to you the trail of legal transfers.
FACT: All the legal information that a title company can rely on in the chain of title search when the title company issues the title insurance, is on each property's recorded Deed of Trust or Grant Deed or Quit Claim Deed. Those are the only documents that should be accepted and relied on for these foreclosures by the sheriffs and in issuing their Trustee's Deed, and the title companies subsequent issuance of title Trustee insurance and title insurance going forward from a Trustee's Sale. If the party/ies identified in the property's Deed of Trust is or are not the same as the ones doing the "foreclosure," the escrow and title must know why they aren't before escrow is closed. And they must know to their legal satisfaction before they close the escrow or issue title insurance.
- Rock Martin
- Contributions:31
Asking if your lender a patriot or a terrorist is a valid question. Now a patriot is one who loves, supports, and defends one's country. A patriot loves his or her country and supports their country's authority and interests. A terrorist on the other hand, is one that engages in acts or an act of terrorism. Terrorism is the unlawful use or threatened use of force or violence by a person or an organized group against people or property with the intention of intimidating or coercing societies or governments, often for ideological or political reasons. Terrorism is the systematic use of terror especially as a means of coercion. Terror is a state of intense fear, one or something that inspires fear, a frightening aspect terrors of invasion, a cause of anxiety, worry, an appalling person or thing. That's all very clear and straight forward to me. That's all exactly how my family and feel from these home lenders.
OPINION:
Q: What kind of person steals soap?
A: A dirty crook
- Pete real estate
- Contributions:2
Rock Martin is clearly insane and needs to be locked up in a institution, good news Rocky no mortgage payments for you to cry about when you are locked up.
Get your facts right before you start giving out information.
Get your facts right before you start giving out information.
- lmontemurro
- Contributions:1
Hi, I have been going through the same thing but not for as long as you have. By the time I am done it will be that long though. It is very frustrating.
thanks for sharing same pain!
thanks for sharing same pain!
- DSCraig
- Contributions:6
I'm glad that Zillow is providing this service. Exposes happen for a reason.
- mplc5
- Contributions:7
Are you behind in payments? That almost has to happen for a mod.
- MaryBro
- Contributions:7
We've been behind on the mortgage for a long time.
All our jobs keep whittling down our hours and our pay. In the last three years, that'a dropped our income to 45% of what it was three years ago,
All our jobs keep whittling down our hours and our pay. In the last three years, that'a dropped our income to 45% of what it was three years ago,
- Pete real estate
- Contributions:2
Marybro hasn't made a mortgage payment in many months and wonders why the lender wants her out of the home. Get a clue.
- sunnyview
- Contributions:25139
Do what you like. I am not saying you don't have a right to say it, but if it puts Zillow in the bad position of defending it, then they may choose to remove it.
I am not on the banks side and just to let you know Bank of America is one of my personal icks, but I want to make sure that you as the person that was wronged stays honest but out of trouble. Truthfully, I am sorry that you had to deal with them at all.
I am not on the banks side and just to let you know Bank of America is one of my personal icks, but I want to make sure that you as the person that was wronged stays honest but out of trouble. Truthfully, I am sorry that you had to deal with them at all.
- broker_GRI
- Contributions:3454
You are so sweet Sunnyview,
B of A is tough to work with.
and it is frustrating.
Try to be as positive about a bad situation as possible...watch comedies:-) and remember that someday this will all have been one more experience that makes up your life as a whole.
It will stop you in your tracks or (can't believe I'm saying...) make you stronger.
Wishing all of you the best for successful outcomes.
B of A is tough to work with.
and it is frustrating.
Try to be as positive about a bad situation as possible...watch comedies:-) and remember that someday this will all have been one more experience that makes up your life as a whole.
It will stop you in your tracks or (can't believe I'm saying...) make you stronger.
Wishing all of you the best for successful outcomes.
Loan Modification from BofA - Going No Where ????
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