Bank of America Home Loan Complaints & Reviews - unhelpful with home loan modification

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Bank of America Home Loan

Posted: 2010-09-02 by

terbear69

unhelpful with home loan modification

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Company information:
Bank of America
United States

Don't believe the new commercials for " Bank of America" they will lead you to believe they love puppy dogs, children, apple pie, and are there to help, etc.
They took over my loan- didn't pick them, told me they found an error after paying two years into my home loan - That now I must pay an extra mysterious $300.00 extra a month (Wonderful!!) I knew what I could afford & signed loan documents with a different bank, but now I'm trapped with being ripped off by them each month. I'm now two months behind and will probably have to lose my home (THANK YOU BANK OF AMERICA), better yet if your late you cannot send payment by mail or on-line you have to call it in and do it by phone ($30 phone fee - only way to make payment) that's on top of the other fee of $200 for it being late. I know they say the banks don't want your real estate, but I'm not convinced.
I have no explanation on the extra $300 which threw everything off, additional they will do everything NOT to modify your loan- they will tell you to eat less food, use less electricity (REALLY NOW!) and the person on the line will sound like a teenager who still lives with his mom and doesn't have any reality of what it's like to pay basic bills. Bank of America's only interest in you, is the interest it gets off you!!!

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United States

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3rd of Sep, 2010 by

wilsonjr8

0 Votes

I completely agree...but in my case I am all more than willing to turn my home over because I will have bad credit, which I already do because of the derogatories they are reporting. So they will have a house that $70K is owed than what the darn thing will sell for now all because we are just asking for the interest rate to be lowered to current rate of 4.25% and they are refusing Goes to show they are just money hungry. No asking for the amt owed to be lowered but we are underwater and I assumed that what this Obama thing was for, people who are now underwater because the real estate market took a nose dive since he has been elected. Everyone says it was Bush who caused this but why are there more foreclosures now since this guy went into office, what a joke!!!

23rd of Sep, 2010 by

MarianL

0 Votes

In Cyberspace, the First Amendment is a local ordinance. Think for yourself and let others do the same

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Asking if web site owners, or owners, is or are a patriot or a terrorist is a valid question. Asking if web site owners, or owners, is or are a patriot or a terrorist is a valid question because an open and free media is essential to democracy. The Internet is a common area, a public space like any village square. So far, it is the largest common area that has ever existed. Anything that anybody wishes to say can be heard by anyone else with access to the Internet, and this world-wide community is as large and diverse as humanity itself. Therefore, from a practical point of view, no one community's standards can govern the type of speech permissible on the Internet. In the words of John Barlow, a founding member of the Electronic Frontier Foundation (EFF) -- "In Cyberspace, the First Amendment is a local ordinance".

FACT: America is still a Free Speech Zone. The United States Supreme Court has repeatedly recognized that ALL United States Constitutional rights extend to the internet. That includes Free Speech, Free Expression and anonymous Free Speech and Expression. NO website owner can set up rules that overtly or covertly violate the United States Constitution, or any America’s state’s constitution. No website owner can require overtly or covertly that a user must give up their rights to participate on a site.

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You have the Right to Allow Reader's Comments Without Fear. In Barrett v. Rosenthal, Section 230, a strong federal immunity for online publishers, applies to bloggers. Bloggers are protected from liability for comments left by third parties.

You Have the Right to Protect Your Server from Government Seizure. In In re Subpoena to Rackspace. EFF successfully fought to unveil a secret government subpoena that had resulted in more than 20 Independent Media Center (Indymedia) news websites and other Internet services being taken offline. With your support, EFF can hold the government and the private sector accountable for investigations that cut off protected speech.

You Have the Right to Freely Blog about Elections. The United States Federal Election Commission ruled that blogs can comment on political campaigns.