Bank Of America / deceptive modification practices

United States Review updated:

I am a senior citizen who In November 2008 got a mortgage loan with country wide and the loan agent forged my signature on additional loan applications changing my 30yr. Fixed with payment amount $1480 to $2330 dollars after feeling pinched to make the payment BoA incurred the loan willing knowing after OCC report suspicious of fraud then BoA said I had the loan before they brought it from country wide an it’s not there problem and continuous to deny all modification request and when I write to them inquiring about the reason for the denial ….

I get no written response back. I have been in the review process for two years waiting to receive a Home Alternativ FORECLOSURE package after six months of waiting for it, I found out by getting a consumer advocate involved that the Home Alternative package was never sent out and my account went into the Foreclosure department. I never receive any information addressing me being declined or notice to accelerate the account, or even a notice of default. On February 6 2011 I received a debt collection letter from reconstrust, then the trustees sale notice came Foreclosure sell on June 6 2011.

If it had not being for the help of a four year college student help me by fighting the Foreclosure process I would be out of my home. Bank of America had denied me postponments and have schedule a sell date for 12/21/11 knowing that there is a discrepancy in the loans.

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  • Sa
      3rd of May, 2012

    Ask any question related to Bank of America, you will get revert within an hour or 2...try it once..

    0 Votes
  • Jo
      4th of Aug, 2013

    My mortgage servicer promised a refinance with principle reduction over a year ago. The bank has sent an appraiser to my home twice but they keep expiring. At the end of every month I get a desperate call to make the payment which I make after more promises. They get me to send pay stubs and bank statements and promise to get it done before end of month. In May I got an email stating I don't have to pay if they don't complete modification but I had to make payment. In July I was promised a principle reduction because they hadn't completed refinance. I had to make payment in order to proceed but was promised it would be complete in 15 days. I didn't get anything but a call on the last day of the month which I ignored. Every month for over a year they at least waived the late fee. Now it seems like I was being called by a boiler room full of people just to string me along. Do I have any recourse.

    0 Votes

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