The Home Equity Theft Reporter: BofA Duped Me Into Loan Modification When It Really Wants To Foreclose, Says Texas Woman In Lawsuit

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Now, we can no longer scrape by and have been refused a loan modification from our mortgage servicer, Bank of America. We sent the paper work to Bank of America in August 2009. Every week they stated our application was being processed. Finally-4 months later, I called BofA and got someone in India.

BofA Duped Me Into Loan Modification When It Really Wants To Foreclose, Says Texas Woman In Lawsuit In Jefferson County, Texas, The Southeast Texas Record reports: A woman claims Bank of America wrongly foreclosed on her property despite its agreement to work out a modification with her.

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Full text of "H.R. 3153, The Home Equity Protection Act of 1993 : hearing before the Subcommittee on Consumer Credit and Insurance of the Committee on Banking, Finance, and Urban Affairs, House of Representatives, One Hundred Third Congress, second session, March 22, 1994" See other formats

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New Report Says Conferences Prevent Foreclosures But Strain NY Courts by Andrew Keshner, New york law journal, November 29, 2010 Issue [New York’s] Mandated pre-foreclosure conferences have become increasingly effective in helping to keep people in their homes, but the labor-intensive proceedings are straining court resources and have contributed to an "unprecedented" shift in the civil.

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So the spouse may be forced to sell the home in order to repay the loan. But it’s also possible that the same thing occurs when the mortgagee is permanently relocated to a nursing home. Detail 2 (and it’s one you really have to take into account): Interest. Most often, no payments are made on reverse mortgages.

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