Over 4 years, not a single mention of foreclosure, I grow so tired, please help answer my question

[nduda78]

I've posted here long ago....and sadly my story is unchanged. Its been almost 4 years, if not over 4 years since i walked away from my house/mortgage in MA. Till this day, I call Bank of America once a week and tell them directly that I have no other intent other than to let this foreclose and for them to speed this up. The house has been vcant for 4 years, they have long ago changed the locks and put on their own insurance. Every other week i get a letter in the mail still asking if i want help. I constantly call them saying opt out of everything, please foreclose.

So my new question is this. Since walking away (my credit ruined) i've married, and have my first child on the way. To this day me and my wife havent done a joint bank account in fear they will attack all the money (we make almost 200k combined). We have a house (in her name)...everything is in her name prior to marriage. What can i do so we can move on with life without worrying anyone will come after our money saved? We are sick of having 2 bank accounts and everything. I can never seem to find or talk to a lawyer that has anything to tell me except just wait and dont do anything. its been 4 years! Last statement i got in the mail said i owed about 70k in payments. Yea its been that long!

[Jeffrey L. Shurtliff]

The problem here is probably a technical error in the foreclosure process on the home. They probably recognize it and if they somehow have been negligent then that is called a unsafe and unsound banking practice. If such a problem has presented itself to them they know if they do foreclose totally and sell the home then the negligence spreads to a Trustee's Deed and then the new owners deed. So it is do they have proper standing to foreclose. You cannot force them to foreclose. You could quit claim to the house but it still does not let you off the hook for the loan.........Jeffrey

[nduda78]

Personally I don't care if they ever foreclose, I'm more concerned about staying protected as I save money. I read about all these people that walked away and by renting or whatever new living arrangement they had wwere saving money. What good is saving money if the bank can just take it all away? Lawyers have been useless when I call and ask them.

When push comes to shove and I do get hit with a deficieny judgement I just want tto know if I have 20k in my savings account can the bank just take it all at once?

[Jeffrey L. Shurtliff]

Personally I don't care if they ever foreclose, I'm more concerned about staying protected as I save money. I read about all these people that walked away and by renting or whatever new living arrangement they had wwere saving money. What good is saving money if the bank can just take it all away? Lawyers have been useless when I call and ask them.

When push comes to shove and I do get hit with a deficieny judgement I just want tto know if I have 20k in my savings account can the bank just take it all at once?

In your situation leaving that kind of money in the bank is an invitation for them to think about a deficiency judgment. Never put that kind of money in the bank. Remember it is a bank that took your house.

[Cat Damiano]

This would be an extremely long time, you had posted in your original thread 08/2010 when you had mentioned that you missed your first payment on that date.

My Walk begins in MA

So just going on two years which is still a long time for MA.