Comments on: Bank of America Helps 125,000 Homeowners With “Making Home Affordable” Loan Modifications

By: boaisnotamerican

boaisnotamerican — Tue, 16 Mar 2010 04:46:19 +0000

Been going through the B of A BS for well over a year. Got the trial modification @3300/month (from 4500) and did 5 months on time and were finally denied since my son was living in the house (and we weren't). The house has a mortgage of 500K and current value of 340K but these a-holes don't give a shit. It's amazing that they are willing to eat a 160K loss and not permanantly reduce our payments by reducing our 8.25% loan by a few ponts to get our revised payments. They are truly messed up. I guess they just want us to have a year of free rent.

By: bn81159

bn81159 — Wed, 10 Mar 2010 14:38:56 +0000

Me an my family are in the same boat however we are in the first stages of trying to qualify for a loan mod. Our case is we have lost a substantial amount of income due to a job loss in the family but we are over the 31% but not by much. We have spoke with SO many people at BOA and get a different answer each and every time we call. We want to keep our home but NEED this help but BOA doesnt care…. What to do, I agree i am all for a class action lawsuit against BOA, IM IN…… If we can get several hundred thousand people behind this and get it to the media we will all win this battle. Barry

By: marylogan

marylogan — Tue, 09 Mar 2010 15:54:38 +0000

MY friend, at the end of all this. BOA will Forclosed on you and your family. They are just buying time. Its is not worth you loosing sleep and getting worry. What will happen if you get sick and still can't pay your mortage. Who will take care of your children and wife. Life is worth living for. Telling people you have a house is good. “material things”. We more worrry about what people we thing of us when we loos our home. My friend at the end of the day most people don't care about you but them self. But we forget the most important thing in life (our families). Childern Love they parents even if you are living in a hole. please think about what is most important in your life. BOA is not wroth your life. You will be much happer will less and have a piece of mind.

By: Sean O. - Nashville, TN

Sean O. - Nashville, TN — Thu, 04 Mar 2010 19:49:57 +0000

I have been proactively calling B of A for SIX MONTHS since my income was cut in half. I have TWICE provided a rather hefty packet of documentation. Despite my FedEx proof-of-deliver, they claim they never got it. I had to do it all again. Today I got a letter saying that my documentation was “incomplete”. I currently on hold waiting for the FOURTH person I've been transferred to to tell me exactly what is missing. Oooops… no, now I'm on with the FIFTH person. I am intentionally being given the runaround. I would love to SUE B of A for their intentional mishandling and for all the hours I've invested in this for nothing. MHA is pure B.S. — All smoke and mirrors. Our country spent billons on THIS??

By: Frustrated at BOA

Frustrated at BOA — Wed, 03 Mar 2010 22:56:41 +0000

I my self am going threw the same thing I called the hope team at (makinghomesaffordable.gov), but i think that they maybe be run by BOA also. Like all of you I have been told I qualify, just to be told that BOA has received no packet information from me. Yet I sent them there certified FedEx pack back. What are we to do? I have called my Legislative branch, and my State banking Commission. Can we do more? How do we make this main stream?

By: Worried

Worried — Tue, 02 Mar 2010 19:45:34 +0000

Oh man…I'm afraid that we are in for it after reading all of these posts. We just made our 2nd trial payment, submitted ALL the requested documents, and then submitted a couple of additional things they asked for. Then they sent a fedex requesting things that were “missing” which, in fact, were in the original packet I sent them. I called to double check on it and after 8 minutes on hold was told that they DID have everything necessary to process it after all. We'll see what happens next, but I'm thinking we should be prepared for the worst after reading all of the above posts! We weren't even delinquent on the loan prior to their offer to reduce the payment by $600 with no fees, no additional principal added to the balance, etc. We are in the process of filing for bankruptcy, however, and all of our other debts are included in that. Ugh…I'm going to throw up if this is all for naught, but I will be a loud voice in the class action suit if it happens!!!!

By: beenliedto

beenliedto — Fri, 26 Feb 2010 21:03:00 +0000

I am with all of you. I have been going through the B of A torment as well. Dealing with the constant lies and we are the ones paying for there lies. Countless nights with no sleep and not to mention the sickness I feel everyday. I will join any class action suit. I may file my own soon for mental stress and anguish. I have never sued anyone ever but this is beyond acceptable. Our government is turning a blind eye towards Americans in need.

By: lespudo

lespudo — Fri, 26 Feb 2010 13:53:31 +0000

I have gone through the same problem. My account online states I was approved for a modification and would receive a call from a negotiator and documents to sign, this never happened. Instead I received a letter stating I was over income. Upon speaking with several reps who all gave me a different story and none of them could see nor explain the notations on the account regarding the approval. Now I am behind 4 months when I was only behind 1 month when this started. I have made all my regular payments and then the modified payments (4 months) which were phoned in on the 1st of each month and they did not apply until the 16th and 17th of each month. Now they want to start foreclosure proceedings. There is also a $2,000.00 difference between what their website states my balance is and the letter sent requesting full payment. They cannot explain this either. DOES ANYONE KNOW IF WE HAVE A CASE AGAINST THEM?

By: AnitaMitchell1

AnitaMitchell1 — Wed, 24 Feb 2010 03:22:40 +0000

There are thousands of homeowners and ex-homeowners who have be scammed by Bank of Americas HOPE programs, and the like. I tried to do a deed in lieu and after I sent the paperwork (3 times) they sent me a letter saying they could not contact me. This is bull! They did not leave me any message and would claim I never returned their call. I restarted this program three times and got the same story each time. In the mean time the bills are piling up because they are intentionally delaying the process. It seems like they intentionally want to foreclose on the property rather help homeowners. They should change their name to the Bank of America Crooks. It is business practices like this that give Americans a bad name and got us into this predicament in the first place. When is the class action suit? Sign me up.

By: sickandtiredofbsinfl

sickandtiredofbsinfl — Fri, 12 Feb 2010 20:38:41 +0000

If you decide to start a class action suit count us in!