What a ride this has been. My wife and I have completed the Hafa Deed In-Lieu through Bank of America / AMS just a few weeks ago. Here is a 1000 foot summary of our process.
- March 2011, we enter the Hafa Short Sale program through AMS/Bank of America.
- 120 days pass, and the home did not sell.
- In July 2011, we enter into the Hafa Deed In-lieu program with AMS/Bank of America.
- In March of 2012, we get final word that the Hafa Deed in-lie was approved
- We mail the keys, and signed the agreement, and attorney papers that stated they would wave the decencies (Cash for keys).
Let me be clear, the above information may indicate that this process went smooth. I assure you, it was anything but smooth. I put a lot of calls into AMS and Bank of America throughout the period. I spoke with supervisors and wrote the president of AMS.
To make a long story short, last week (the week of March 12th, 2012) my wife and I received our $3,000 for relocation assistance which was due for successfully completing the Hafa Deed in Lieu.
Today, Saturday March 24th, 2012, the door bell rings. It is the mail man requesting signature for a certified package. In the package was a packet detailing Countrywide is filing suit against us for property foreclosure.
What is interesting here is that we had Countrywide many years ago but Bank of America bough them out. For the last several years, we have been making our mortgage payments to Bank of America. Words can not even describe how upset we are that now we have a notice stating that Countrywide intends to bring forth a Civil Law suit against us.
And to think we thought we were finally finished with the whole nightmare. Now we have to retain our lawyer yet again to fight this wrongful Civil suit brought on by Countrywide.
If you were in our shoes, what would you do? How would you handle this? If a wrongful suit is filed against you, how can you get this off your record. I am in a high-profile consulting position that this surely will not look good when I have to work with customers that require background checks from me.
I would be curios to hear your feedback if you were in our shoes. This surely will be dismissed because the left hand does not know what the right hand is doing but this is now public record listed as pending civil suit.