i would like to bring some attention to a travesty which is happening to me. my home went into foreclosure due to a change in my income. i'm still in the home an capable of reinstating my loan. i was provided a reinstatement calculation letter on the amount i was to pay and the date in which i was to have these funds to BAC Home Servicing LP. Here is an excerpt from the reinstatement calculations letter i recieved:
"The Net Total Due reflects the waiver of Foreclosure Attorney/Trustee Fees and/or Title fees (included within Foreclosure Expenses) incurred in processing the foreclosure. This waiver is to assist you in bringing your loan current and is available if you pay the full Net Total Due. However, if you only pay a portion of the Net Total Due or require other assistance in bringing your loan current, these fees will not be waived. You then will be required to pay the Total Due."
i sent my reinstatement payment via certified funds to BAC Home Loan Servicing LP in two seperate cashiers checks on two different days prior to the date on the reinstatement caulculation letter. BAC Home Loan Servicing LP received the 1st payment yet somehow claimed that they never received the 2nd payment. USPS confirmed delivery yet my 2nd reinstatement payment has yet to be found.
BAC Home Servicing LP returned my 1st check to me stating that i neglected to send them the total amount in one check. However the directions provided with the reinstatement calculation letter states, the 'waiver is to assist you in bringing your loan current and is available if you pay the full Net Total Due. However, if you only pay a portion of the Net Total Due or require other assistance in bringing your loan current, these fees will not be waived. You then will be required to pay the Total Due'.
Why won't Bank of America help me save me home? i sent 75% of what i owed them to reinstate my mortgage prior to the date due. i have every intension on bringing my mortgage current by my efforts to send them the amount owed in certified funds. For the life of me I do not understand why Bank of America is sabbotaging my efforts to save my home. Why won't Bank of America apply certified funds to my account which would help me bring my mortgage current? Why would Bank of America send my certified checks back to me thus reducing the response time in which I have to bring my mortgage current? Is it because Bank of America is really not interested in helping distressed homeowners but more interested in ripping off distressed homeowners by placing us in lose lose situations where we accrue additional fee's and in many case places the home reinstatement out of reach? Is Bank of America out to make a profit at the expense of American families and homeowners?