Has anyone gotten the $1000 Treasury Dept Approved?

[seashells48]

Story in a 'nutshell' - After being laid off in March, I contacted Countrywide/BofA to try to qualify for MHA program - you all know how that went. Never did get a formal answer. Was told one time, can you send $963 per month? I said ok - they said, make it $1000. No paperwork or agreement - just send them money. After many, many, phone calls - I finally gave up.

Put the house on market - got an offer for short sale in beginning of August. Appraiser has been here. But if I call BofA - recording says not to ask to speak to a representative - it will DELAY the review of my file.

Now, I get a letter from my PMI company - saying they can work as a mediator between me and BofA to save my home. Where were they two months ago!!!!

Regarding the $1000 the Treasury Department approved March, 2009 - it states servicers (BofA) will receive incentives to take alternatives to foreclosures, like short sales or deed in lieu. And borrowers are eligible for up to $1500 in relocation expenses. Has anyone gotten this? I think the odds of getting from BofA are equivalent to a snowball's chance in hell.

I'm done - moving out next week - BofA can have the house if they can't get their act together to approve the short sale.

[SillyWorld]

They just want you to get far behind in payments and do a foreclosure, they make most on foreclosure than any other way

[Slim Shavings]

Stick around a few more weeks. Things are gonna get fun and we need all we can get. Things are being cooked up by Moe but it will be a week or so.

[seashells48]

I've been 'lurking' on this site for months - it was such a relief to know I wasn't in this boat alone. I have been reading the threads about Moe's discussions with BofA - I think its wonderful - someone finally got their attention!!!

[BobandArlyn]

Welcome Seashells48. Glad you were lurking and finally ready to speak up. GREAT forum here.

[seashells48]

Thanks BobandArlyn - everyone on this site is so willing to help and listen. That means a lot these days!

[ohhhdear]

Originally Posted by seashells48

Story in a 'nutshell' - After being laid off in March, I contacted Countrywide/BofA to try to qualify for MHA program - you all know how that went. Never did get a formal answer. Was told one time, can you send $963 per month? I said ok - they said, make it $1000. No paperwork or agreement - just send them money. After many, many, phone calls - I finally gave up.

Put the house on market - got an offer for short sale in beginning of August. Appraiser has been here. But if I call BofA - recording says not to ask to speak to a representative - it will DELAY the review of my file.

Now, I get a letter from my PMI company - saying they can work as a mediator between me and BofA to save my home. Where were they two months ago!!!!

Regarding the $1000 the Treasury Department approved March, 2009 - it states servicers (BofA) will receive incentives to take alternatives to foreclosures, like short sales or deed in lieu. And borrowers are eligible for up to $1500 in relocation expenses. Has anyone gotten this? I think the odds of getting from BofA are equivalent to a snowball's chance in hell.

I'm done - moving out next week - BofA can have the house if they can't get their act together to approve the short sale.

Don't give up! That's what they want you to do! It was hard for me to understand that they want people to give up. Stick around.

[caldwellb02]

I've been lurking and posting and ranting and questioning and answering on this forum alot in the past few months, and now it seems all of a sudden the issue of the PMI companies is coming up. Is this a new phenomenon - them getting involved - or have I just not been seeing this?

[sniglet WA]

Seashell,

So sorry to hear your story, we know what you are going through...I agree, from everything that I'ver heard, read, and had happen personally you should stay in your home as long a possible...
Keep your chin up and know that we are all here for you!
sniglet in WA