Contradictions and now a Notice of Default with BofA?

[stephslr]

We received a notice today certified mail from BofA stating we have until Nov 18 to pay the past 2 months of house payments we have due plus any additional monthly that would be due by Nov 18 (about 5K). We cannot pay this at all. It said that the payments will be accelerated with the full amount remaniing accelerated and becoming due and payable in full, and foreclosure proceedings will be initiated on Nov 18 if we do not cure the default. Is this the official Notice of Default?

I called BofA and went through our financials again, we are still -$800 a month due to job situations. I was told today that we could do a short sale, but we would have to get an offer and get it approved before November 18 (operator admitted that wouldn't work since it takes longer than a month for short sale offers to be approved). I was told a month ago that we could do a short sale but the house had to be on the market for 90 days before BofA would consider an offer, the girl on the phone today said that is not true. Direct contradiction of what I was told a month ago! The girl on the phone today said we could be considered for deed in lieu be had to have the house on the market for 90 days first (too late, would be in foreclosure by then), the person I talked to a month ago said BofA is not doing deed in lieus and it wasn't an option. Another contradiction!

I was told today that if we did a loan mod, we would actually have a higher payment than what we have now to add the mortgage payments owed and property taxes we have not paid into the loan. I was also told what our payment would be with a 2% loan mod, and it is still too high for us to pay.

We made our last payment on August 28. The girl on the phone today said that our only option is to give BofA $5000 by November 18 or they will begin the review for foreclosure. What is this? How long does this take? If BofA wants to foreclose, that is fine with us. We have been begging for help for over 6 months, are now facing another round of income cut backs, and owe $4800.00 in property taxes in December. Foreclosure sounds like our only option. We are about 50-60K in the hole, and houses have been sitting for sale in our neighborhood for well over 6 months.

Can anyone share their experience regarding what happened when you did not make the payments due by the 30 day mark and had your payments accelerated? How long did it take from before the sale date was set?

[Housebroken13]

They just pulled the same crap with me and I am in a forbearance agreement until February. I am sending out letters all over the freaking place. I am so tired of this CRAP with them!