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Bank Of America has sent me reinstatement calculations (document attached) for my mortgage to prevent foreclosure. I also received a similar letter from B Of A attorneys. I in turn responded by remitting the exact amount requested well within the specified time limit of the letter. To which B Of A cashed the check I sent and applied payment to my outstanding mortgage balance. I have not received any written information from B Of A other than the initial reinstatement so I decided to make the normal mortgage payment about a week prior to its due date of 9 Nov 2011. To date this payment has not been applied to my account. Because of this I called the bank yesterday to determine the status of my account. I was informed that the back was still proceeding with foreclosure. Apparently the bank made a mistake in the amount they initially requested for reinstatement. They now want more money! Also, as an FYI I also filed for loan modification, twice, with them. Due to mistakes made on their end.
Here’s the thing. It isn’t that I don’t have the additional amount of money that they are now requesting. It’s a matter of principle. In the world of business they made me an offer; through the loan reinstatement. I accepted said offer by compliance of their terms by remitting payment within their requested timetable. They accepted the terms of their offer by cashing and then applying payment to my mortgage account. They had plenty of opportunity to mail out a new reinstatement letter and state that they made a mistake as well as to return funds to me; they did neither. I believe that this is a breach of good faith and contract on the part of B Of A. I don’t believe that they have been treating me fairly. My home is almost paid for, 2.7 years remaining on mortgage. I believe that B Of A is targeting me for foreclosure because it’s an opportunity to steal my home from underneath me and make a huge profit in the process.
Ray S
![First National Bank [FNB] South Africa reviews, listed as Bank of America](/images/business/48-48/123027/fnb-first-national-bank.jpg){kind=small}
I would suggest you use a professional. I personally used Corey Lassiter at Clear Image Financial Group. His number is [protected] ext 231. He tells it like it is. They give you a free assessment and tell you if they can help you or not, and if so what you qualify for. He told me everything I was going to go through before I went through it. Then after my husband and I tried it ourselves for about 5 months and got nowhere we went back to Mr. Lassiter, and in 63 days they had me approved. I suggest you all give him a call who are at your wits end, or about to lose your home to foreclosure. He can help! It cost you absolutely nothing to call!
I am curantly unemployd, called for loan modification on [protected] talked to Anita was prequalified on the phone and was tolled to wait for a packige that'll came to my house within 45 days. Today is 01-14-2010 never got anythink, called 14 times to see the progress and have list i of people i have talked. Who can help me?
Bank of America is the worst bank in the world. I too was told I would qualify for a program. Then 3 calls later you dont. I have talk to many people in different departments. I have been transfer and had to tell my stories multiple times. I have names and times and dates. How long I was on hold. And they still did not help me. Then they have the nerve to send me a survey. I told them they stunk. I have not heard from them about the survey. SOMETHING NEEDS TO BE DONE WITH BANK OF AMERICA. I told them they should be ashamed for having the word America in their name it is a disgrace. I asked one representative WHAT WAS THE PRESIDENTS NAME AND ADDRESS. They did not know and I was transferred to someone else. Who sort of knew but had to look it up. POOR CUSTOMER SERVICE. A DISGRACE TO AMERICANS. If I ever get them paid off, I would and will not deal with them again. Every chance I get I will tell people how awful they are AND DO NOT DEAL WITH THEM. I have paid my bills and have been with them for 14 years. I am having problems making ends meet and were are they calling me every day for beening late 118.00 dollars for the last 2 weeks. Threating me that I have to pay them the full balance. I was a good customers cannot imagine what other people are going thru who lost their jobs. Merry Christmas to all of Bank of America's customers and good luck
I hope you get away from them soon.
Go to NACA...they are great and there services are free. You can fill out your application here. NACA may be able to negotiate on your behalf...they did for us and got our payments reduced.
https://www.naca.com/index_main.jsp
Click on the At Risk Homebuyers and start there.
My sister and brother in law live in ny, and they have tried to get help with Bank of America several times...they told them to get another part time job...also then they finally offer them a so called modification...where the first three months they will pay additional more $100 more and then after that they will be saving $75.00 a month on there monthly payment. This is insane that is no help at all. plus they stated that they are going by my brother in laws yearly salary and not there monthly debt and thats how they are judging there so call modification.
Bank of America also stated that they dont go by there monthly debts ...but yest they ask for there monthly debt information...also bank told them that the monthly associations fees is not considered a debt...well if you dont pay your monthly association fee they can also forclose on you.
So the outcome is that my sister and brother in law decline that package so called modification and now they will see what else they could do for them...right now they are in a interest mortgage which we all know is illegel mortgage/loan.
Wheres the help for these people that really want to keep there homes! the bank has not even bother to offer them anthing else.
please remove my name and address on this complaint