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| Stop Foreclosure and Tell Us Your Story Trying to stop foreclosure alone can be a painful and a depressing process. This section is where you can unite with other homeowners and let out your questions, frustrations and post your whole story. The more we know, the more we can help you stop foreclosure. No one will be judged or criticized for posting their story. |
This is a discussion on My story with TB&W and BOA within the Stop Foreclosure and Tell Us Your Story forums, part of the Foreclosure Forum category; It all started in 09/07 when I became disabled after over 30yrs as a R.N. My income dropped from $65,000.00 ...
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| Member Join Date: Sep 2009
Posts: 15
Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0 | My story with TB&W and BOA It all started in 09/07 when I became disabled after over 30yrs as a R.N. My income dropped from $65,000.00 to $23,000.00 a year. I got 7 payments behind and after much work TB&W did a loan mod 01/09. I tried everywhere to get the H4H plan, wasn't out there. Even worked with a HUD counseling agency who could no good with TB&W. So a legal aide attorney got TB&W to do this loan mod, it was a self defeating modification, they took all I owed and put it on the back of the loan, dropped my interest rate from 6.25% to 6.00% and raised my payment $17, by the way I have a FHA loan secured by Ginnie Mae. Well I told the mitagation officer that they were just setting me up for default again because I simply could not afford $1217 monthly, and by 4/09 I could no longer pay them. I'm raising my 2 grandchildren now or otherwise I would just have walked away! So by the time TB&W got shut down I was already 5 months behind. So finally BOA sent my the welcome package and I called them and told them my story. The lady named Ann Cordova was very nice and told me I qualified for the MHA program, but that was no guarantee I would get it. So I submitted the paperwork she wanted and she said I would either get a Fed-x with my new loan papers or a denial within 45-60days. I submitted on 09/10/09 and called them 3 days later, they stated they got the paperwork and it was being sent to a reviewer. Of course they wanted money, but I said I would rather wait to send any so if they tell us to move we have something to move with. I also ask if they used food stamps as income and they said no. So I am just praying and waiting to hear. I'm really underwater thanks to TB&W putting what I owed them on the end of the loan, and now what I am behind too, totals about $35,000.00. Per the HUD counseling agency I may qualify for the "rescue fund" of $5000.00 to help with owed monies. MHA is coming to Cincinnati for a home foreclosure preventative meeting and some banks will be there, including BOA and face to face interviews will be set up for clients like myself, hope it happens soon. You may call in to the phonathon 10/14-10/17 and the number is 1-800-7buzzus and you will be sceduled to a orientation meeting and then set up with your lender rep from there. Will keep you informed how things turn out! Thanks for being here to listen!! |
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| LoanSafe.org Homeowner Guide Join Date: Aug 2007 Location: Southern California
Posts: 2,215
Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0 | Re: My story with TB&W and BOA Hi jbocklage welcome and thank you for joining. I hope all goes well with your case. We are all here to help Good luck and please keep us posted!
__________________ Keep Fighting! Evan Bedard LoanSafe.org Support Team Please donate via paypal to LoanSafe.org to help keep this forum going The comments by me and the materials available at this web site are for informational purposes only and not for the purpose of providing legal advice. Most of the information you find here is easily available on the internet. You should contact your attorney to obtain advice with respect to any particular issue or problem. The opinions expressed at or through this site are the opinions of the individual author and may not reflect the opinions of the firm or any individual attorney. Please Read our Privacy Policy and Legal Disclaimer Here. |
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| Senior Member Join Date: Jun 2009 Location: Reading, PA
Posts: 1,514
Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0 | Re: My story with TB&W and BOA Well, you are not alone. There are lots of other folks on here with FHA loans... Here are some links for you: Ginnie Mae-FHA-HAMP Has anyone has success/experience with FHA loan mods? Fha- help please Help please! Asking for a 2% loan? What are the qualifications? Those with FHA are having a very hard time getting modifications. I would post on one of these other threads to get in touch with these other members to share experiences and try and help one another out. Best of luck to you! |
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| LoanSafe.org Homeowner Guide Join Date: Aug 2007 Location: Southern California
Posts: 2,215
Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0 | Re: My story with TB&W and BOA Thank you very much AMA125 we truly appreciate all your help
__________________ Keep Fighting! Evan Bedard LoanSafe.org Support Team Please donate via paypal to LoanSafe.org to help keep this forum going The comments by me and the materials available at this web site are for informational purposes only and not for the purpose of providing legal advice. Most of the information you find here is easily available on the internet. You should contact your attorney to obtain advice with respect to any particular issue or problem. The opinions expressed at or through this site are the opinions of the individual author and may not reflect the opinions of the firm or any individual attorney. Please Read our Privacy Policy and Legal Disclaimer Here. |
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