Comments on: Bank of America loan modification http://www.loansafe.org/bank-of-america-loan-modification The #1 loan forum on the internet Fri, 20 Nov 2009 18:22:54 -0700 http://wordpress.org/?v=2.8.6 hourly 1 By: Anonymous http://www.loansafe.org/bank-of-america-loan-modification#comment-902 Anonymous Wed, 11 Nov 2009 06:41:13 +0000 http://www.loansafe.org/?p=790#comment-902 wow I am curious, who are the other people who are not "us americans who die everything right"/ wow I am curious, who are the other people who are not “us americans who die everything right”/

]]> By: Anonymous http://www.loansafe.org/bank-of-america-loan-modification#comment-901 Anonymous Tue, 10 Nov 2009 05:31:21 +0000 http://www.loansafe.org/?p=790#comment-901 Don't trust B Of A, they denied assisting us when my husband had a job, denied us after he lost his job. They give us the run around. I feel like I'm goldielocks looking for the words to tell them that are "just right". We been told we make too much, too little, and last resort we were going to have roomates, even with that income, B of A denied us. Bottom line, I don't think they are willing to help, especially since our home is in a demographic nicer area. I'm pretty sure they just want the house. What a shame. I feel like us americans who did everything right to qualify are the ones having to fight the hardest for assistance and we still aren't getting the help we need. Don’t trust B Of A, they denied assisting us when my husband had a job, denied us after he lost his job. They give us the run around. I feel like I’m goldielocks looking for the words to tell them that are “just right”. We been told we make too much, too little, and last resort we were going to have roomates, even with that income, B of A denied us. Bottom line, I don’t think they are willing to help, especially since our home is in a demographic nicer area. I’m pretty sure they just want the house. What a shame. I feel like us americans who did everything right to qualify are the ones having to fight the hardest for assistance and we still aren’t getting the help we need.

]]> By: Gabrielle http://www.loansafe.org/bank-of-america-loan-modification#comment-899 Gabrielle Mon, 09 Nov 2009 17:57:50 +0000 http://www.loansafe.org/?p=790#comment-899 We just started talking to B of A about refinancing our home. The first mortgage is a Freddie-Mac loan that was bought from Countrywide when they tanked. Husband lost his job at the end of August when the company closed with no warning. He found another job in 3 weeks but at 23,000 less a year. We have been struggling to make our payments, but have managed not to be late..so far. They charged us a $400 (non-refundable)application fee and sent a 40 page packet to fill out and fax back. They said that they can lower our rate from 6.75% to 5.37% and add in $5,000 worth of closing costs. This puts our payment at $1,014.00 instead of $1218.85. I asked if HAMP loan would be better considering our housing with taxes is about 47% of our gross income and we were told that we had to be at least 2months late on our payments and a HAMP was only temporary! I am getting more nervous about doing this. I don't trust them! We just started talking to B of A about refinancing our home. The first mortgage is a Freddie-Mac loan that was bought from Countrywide when they tanked. Husband lost his job at the end of August when the company closed with no warning. He found another job in 3 weeks but at 23,000 less a year. We have been struggling to make our payments, but have managed not to be late..so far. They charged us a $400 (non-refundable)application fee and sent a 40 page packet to fill out and fax back. They said that they can lower our rate from 6.75% to 5.37% and add in $5,000 worth of closing costs. This puts our payment at $1,014.00 instead of $1218.85. I asked if HAMP loan would be better considering our housing with taxes is about 47% of our gross income and we were told that we had to be at least 2months late on our payments and a HAMP was only temporary! I am getting more nervous about doing this. I don’t trust them!

]]> By: Amber http://www.loansafe.org/bank-of-america-loan-modification#comment-887 Amber Tue, 03 Nov 2009 20:41:26 +0000 http://www.loansafe.org/?p=790#comment-887 ....from B of A last month (Oct 09) when they told us we were denyed the repayment plan. So for the past 9 months we have been making our minimum monthly payment along with $134 a month in late fees and are getting no where! I talked to B of A again last night to qualify for a modification again...of course we didn't qualify and she advised me that we would need to be 6 months behind before we will qualify! I don't think so! I have no clue what to do from here...we have sent in our letter of hardship 5 times, applied for modifcations several time and a repayment plan and still nothing! ….from B of A last month (Oct 09) when they told us we were denyed the repayment plan. So for the past 9 months we have been making our minimum monthly payment along with $134 a month in late fees and are getting no where! I talked to B of A again last night to qualify for a modification again…of course we didn’t qualify and she advised me that we would need to be 6 months behind before we will qualify! I don’t think so! I have no clue what to do from here…we have sent in our letter of hardship 5 times, applied for modifcations several time and a repayment plan and still nothing!

]]> By: Amber http://www.loansafe.org/bank-of-america-loan-modification#comment-886 Amber Tue, 03 Nov 2009 20:36:49 +0000 http://www.loansafe.org/?p=790#comment-886 We missed 2 months of mortgage payments (Dec 08, Jan 09) when I lost my job last year. In January we called to see if we could modify our loan or get on a repayment plan. The man on from B of A told me we needed to be 90 days behind before we would qualify for a modification. Like a couple of idiots, my husband and I believed this crook. So of course when we missed our third payment (Feb 09) we were told we didn't qualify for a modification. In June 09 we spoke with our VA rep who assured us he was working with B of A to get us on a repayment plan. We finnaly heard back fro We missed 2 months of mortgage payments (Dec 08, Jan 09) when I lost my job last year. In January we called to see if we could modify our loan or get on a repayment plan. The man on from B of A told me we needed to be 90 days behind before we would qualify for a modification. Like a couple of idiots, my husband and I believed this crook. So of course when we missed our third payment (Feb 09) we were told we didn’t qualify for a modification. In June 09 we spoke with our VA rep who assured us he was working with B of A to get us on a repayment plan. We finnaly heard back fro

]]> By: Lisa http://www.loansafe.org/bank-of-america-loan-modification#comment-874 Lisa Tue, 03 Nov 2009 01:24:48 +0000 http://www.loansafe.org/?p=790#comment-874 We applied for a loan modification with BofA in November of 2008 it is now November 2009 and we have received no word on our modificaton? We applied for a loan modification with BofA in November of 2008 it is now November 2009 and we have received no word on our modificaton?

]]> By: neekas21 http://www.loansafe.org/bank-of-america-loan-modification#comment-864 neekas21 Fri, 30 Oct 2009 02:13:03 +0000 http://www.loansafe.org/?p=790#comment-864 Today I received a call from BofA. I having been trying to get a loan modification since April 2009. I started with Taylor, Bean & Whitaker and in August had to start with BofA all over again when they took over my loan. This has been the year from hell. Lost my job in January my partner got sick in February and we couldn't get any help from Taylor, Bean cause we were not behind. Finally in June we missed a payment and started more paper work with Taylor, Bean. Sent a payment in mid July and called Taylor, Bean only to find out they had sold our note to BofA. Find out by phone that Taylor, Bean had been closed down by a phone from some agency wanting to know if we wanted to re-fi with them since Taylor, Beam was out of business. The best BofA said they do is to cut my interest rate from 7% to 5% payment goes from 1900 to 1700. Hello, did I not request the making home affordable program. I am told that is the best they can do since I have an FHA. This just doesn't sound right. I think they can do better. Today I received a call from BofA. I having been trying to get a loan modification since April 2009. I started with Taylor, Bean & Whitaker and in August had to start with BofA all over again when they took over my loan. This has been the year from hell. Lost my job in January my partner got sick in February and we couldn’t get any help from Taylor, Bean cause we were not behind. Finally in June we missed a payment and started more paper work with Taylor, Bean. Sent a payment in mid July and called Taylor, Bean only to find out they had sold our note to BofA. Find out by phone that Taylor, Bean had been closed down by a phone from some agency wanting to know if we wanted to re-fi with them since Taylor, Beam was out of business. The best BofA said they do is to cut my interest rate from 7% to 5% payment goes from 1900 to 1700. Hello, did I not request the making home affordable program. I am told that is the best they can do since I have an FHA. This just doesn’t sound right. I think they can do better.

]]> By: Celina http://www.loansafe.org/bank-of-america-loan-modification#comment-858 Celina Thu, 29 Oct 2009 04:29:48 +0000 http://www.loansafe.org/?p=790#comment-858 I have been trying to get help from Bank of America for 8 months I am also working with an attorney base firm to help.. We bought in contra costa county when homes were outragously high.. and the Agents were making high commissions and selling these homes to people that really couldn't afford them.. I don't live in Hollywood I live in a small city.. The homes were being sold for $600,000 and higher.. People are loosing there home left and right.. The only way a person can save there home is through a principal reduction,, fair Market value. B of A only wants to put a bandage on the problem temporarily. They offered to give me a fixed rate for a few years and then my payment will shoot up to $4,000 per month.. this will put us way over the 31% of our income.. They were given bail out money to help and keep people in their homes. Instead they are helping themselves.. We must pull together and pull out our savings and checking dollars.. Maybe that way they will help .. I have been trying to get help from Bank of America for 8 months I am also working with
an attorney base firm to help.. We bought in contra costa county when homes were outragously high.. and the Agents were making high commissions and selling these homes to people that really couldn’t afford them.. I don’t live in Hollywood I live in a small city.. The homes were being sold for $600,000 and higher.. People are loosing there home left and right.. The only way a person can save there home is through a principal reduction,, fair Market value. B of A only wants to put a bandage on the problem temporarily. They offered to give me a fixed rate for a few years and then
my payment will shoot up to $4,000 per month.. this will put us way over the 31% of our income.. They were given bail out money to help and keep people in their homes. Instead they are helping themselves.. We must pull together and pull out our savings and checking dollars.. Maybe that way they will help ..

]]> By: Dana http://www.loansafe.org/bank-of-america-loan-modification#comment-365 Dana Wed, 26 Aug 2009 01:51:37 +0000 http://www.loansafe.org/?p=790#comment-365 I tried 4 times to get a modification. We are at a 39% ratio on the front end and 54% on the back end. We had a hardship when my husband was out of work for 4 months. Then when he did find a job it was for a much lower pay than before. Bank of America still refuses to help us and says we dont qualifiy because our total bills are $250 above our income. I am so confused about why they say we dont qualify when according to the workout sheets we do. I tried 4 times to get a modification. We are at a 39% ratio on the front end and 54% on the back end. We had a hardship when my husband was out of work for 4 months. Then when he did find a job it was for a much lower pay than before. Bank of America still refuses to help us and says we dont qualifiy because our total bills are $250 above our income. I am so confused about why they say we dont qualify when according to the workout sheets we do.

]]> By: Marcia http://www.loansafe.org/bank-of-america-loan-modification#comment-357 Marcia Tue, 25 Aug 2009 21:58:31 +0000 http://www.loansafe.org/?p=790#comment-357 To whom may concerne I tried to get help from Bank of America to do a loan modification on my adjustable rate. and I got no help .They did not give me any hope.. They seem do not be interested and helping people to keep their home. I.m really sad and hopeless. Marcia To whom may concerne

I tried to get help from Bank of America to do a loan modification on my adjustable rate. and I got no help .They did not give me any hope..
They seem do not be interested and helping people to keep their home.

I.m really sad and hopeless.
Marcia

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