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wer2good4u · Joined: 27 Sep 2009 Posts: 1 1.41 Dollars($)

Why does Bank of America get away with telling their customers who have lost wages thru furloughs, the only way to help you is to stop paying your house payment and we will start the process of getting your rates revised or help ? Then after stopping for 3 months send you a notice of default and will foreclose your property. Each time you call them to find out about your request,
they state it is in review or they don't have any information yet it is still being looked at. Once the foreclose note comes, they offer to help you get current by charging you without any loan revision that you requested in the first place.
I am Confused....Didn't they get a bail out on our tax dollars? Now when we ask for a bailout we get.......Is there any recourse of this policy? I have seen several articles in the paper about other folks going thru the same thing....????

sunnyca2009 · Joined: 04 Aug 2009 Posts: 1731 35.55 Dollars($)

This what most of the banks are doing. Not only bank of america, but most of the banks who are in the market

few lucky ones will get thier loan modified

frankmcdowell2000 · Joined: 07 Sep 2009 Posts: 57 0.00 Dollars($)

This is because of sudden fall in housing prices & individual incomes. They have several applications to process.

Company	Loan Type	APR	Est. Pmt.
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BOA tactics