Bank of America Sued Again over Loan Modifications

Hello John. I just an email to Brian Moynihan, the biggest crook right now. It was not a nice email. I have been totally screwed by BOA and I just got in touch with an attorney that advised me of all of their wrong-doings. These people need to be stopped. I owe one month on my 1,200 dollar a month mortgage and now they are saying that I owe over $6,000.!! They kept my escrow money that was left over (almost $900.00) and I have no idea what they even did with it. I know they haven't applied it to my mortgage, that's for sure. They have asked for the same info/paperwork (statements, paystubs, hardship letter, utility bills, etc) over and over again in the past 2 months. I am sick of it. I do honestly believe that they are prolonging this so I can eventually lose my house especially since I have PMI on my mortgage (they are insured and will get paid). I also plan to file a lawsuit and I personally know 3 different people that are going through a similar situation. Please keep us updated on how your lawsuit is going. Hope they get what is coming to them. I hate them with a passion!

Hey John. . . my prayers are with you. It seems that the high rollers at BOA just don't get it and probably won't get it until enough people like you have them on their knees. I've been begging BOA for over a year now, and every time I call (if I can get through) I get the same old song and dance. . .either I don't qualify or you will be given final paperwork soon, or now its "well the file is waiting for an agent to process. . . ". I am sending e-mails in your support today. Good luck.
"Hurtin in Florida"

Thank you so much for your support Larry and Isobel!  It means a lot to me!

I satrted with a mod with BVoA in dec 09sent in the packet they sent me .Got excuse after excuse when i called every couple weeks .Making mod paymen for 5months boa sent back my packet after 6ms no approved or denied nothing .I called and was told it was good and they would escilate it.2 weeks after that i geta sale date from a law firm for my house.now im filing chap 13 to keep my house.this sat 6 mos later i answer the phone toa boa person wanting to offer me a home loan mod. she said they had no record ofanything for me.They are criminal .

Forget the forebearance and home modification loan-they report you late to all the credit bureaus and will lie to you about everything I went through the forebearance agreement after talking with melissa-i have her fax numberr. She told me to skip a month and then send in the reduced mortgage payment-I overnight expressed mailed with postal money oreder each payment-this was done Nov. Dec. and Jan. They lost the January payment. I have proof of sending everything. Six months later I have wrecked my credit by making the requested payments by BOA and after all this i was told by Mitzi young my loan moderator that I was not eligible because my interest rate was low enough at 6.12%. YOU WILL TRASH YOUR CREDIT AND WILL NOT GET YOUR MORTGAGE REDUCED-a HOME MODIFICATION IS NO GUARANTEE YOU WILL LOWER YOUR MORTGAGE PAYMENTS. NO ONE IS GOING TO HELP YOU BECAUSE THEY ARE IN BED WITH THE FEDERAL GOVERNMENT-THE GOVERNMENT GAVE THEM THE BAILOUT SO THEY COULD PURCHASE COUNTRY WIDE (WITH YOUR MONEY AND MINE). TOO BIG TO FAIL. Hank    

Yahoo news link will no longer works anymore. So you can view the John Wright vs. Bank of America Lawsuit at www.unitedlawgroup.com

or you can try this link too:  

I support the efforts of these homeowners 100% and wish that more homeowners would step to the plate and fight back.  I believe that if every homeowner in mortgage he!! starts calling their servicer everyday and then fax them everyday we will start seeing a BIG difference. With anything it takes large numbers and drastic actions.Everyday you don't call or fax you giving them opportunity to continue to win.  

Please check out the Facebook group dedicated the to Bank of America's Home Loan Modification Problems.

Big loan sharks like Bank of America are the main reason why we are now in a recession. Americans are angry at one another when the focus should be on the true cause of our recession, greedy big banks and real estate companies. And please don't forget about other greedy companies who hire illegal aliens so they can make fat profits like McDonald's.

BOA send us a letter with mortgage payments for three months but failed to tell us. now I find out that they fail to tell us we would not qualify for a home-loan modification. but they keep people hopes and collect they payments,   ultil they make any decition on your loan modification. every employee fo BOA are very rude and they do not want to help, they such a mess on there side the no one can give strigh answer. I hope some helps us to keep our homes.

I have been working with 3 modifiners over 2 yrs. and not getting anywhere with Bank of America. They only had their lawysers add more fees and charges and now gave me a sale date of June 2, 2010 I am a widow with several severe medical prolbems and NEED to STAY in my home. The mortgage is now up to $97000.+ with the value of my home being only$55,900.I have tried to modify with B. 0f A. over this time and not getting any answers from them. The modifiers all told me NOT make payments to B of A. Now they will not work with me for any help they recieved bailouts/TARP funds for.

I have been working w/ 3 different modifiers since Nov. 2008 and not getting anywhere. Bank of America kept sending me letters that  they recieved my requesst and will work with me, which they NEVER have. They have now sent me a sale date of June 2,2010, and added several thousand dollars in fees through their "lawyers" I am a 67 yr. old widow and I NEED to stay in my home, because of the medical issues I face.  When I called them to work with them they tell me I can not get any help dispite they received TARP/government bailouts for this purpose. My loan started out with $15,000.00 4 yrs ago and since being shifted from one lender to another it is now up to $97,000.00+ with the value of my home only being $55,900.

So what happens when you are three months behind but making current payments you "pre qualified" for a loan modification, when we get the paper works it says that you have to be over 31% of your "gross" income to qualify but we are only at 20%.  So that basically means even if we send in the paper work we would not qualify.  What are the other options out there?   I don't want to wait three months or a year to find out they denied it and then find your home in a sale.  WHAT IS OUT THERE, WHAT.  Please let me know ASAP

I refinanced through Countrywide in May of 2006, due to financial hardship related to a medical bills for my husbands child who was being treated for leukemia. (despite having health insurance). It was a crappy loan, 100% interest, adjustable rate, but we were desperate, and at the time we still had $100K of equity in our home after the refinance. Long story short, our rate adjusted to 10% interest rate two years later, 2 months after the death of our son. We were inundated with medical and funeral bills, and Countrywide offered no help. We could not afford our mortgage and our home value had dropped down to $70K less than the mortgage owed. We were stuck. We contacted a mitigation company who took $500 dollars from us and then dissolved right when BOA bought Countrywide. Bank of America told me that they sent me a trial package that I never received, and promised to send another one. Never got it. They just kept sending me mortgage statements as if nothing had ever happened. I've been calling them since July 2009, and have been in mitigation purgatory ever since. They finally sent me a letter last month telling me that I don't qualify for any modification programs and that if I don't short sell or deed in lieu, they will foreclose. Now my house is listed at $60K less than the purchase price when I bought it brand new 6 years ago. I live in southwest Florida, one of the worst affected by the foreclosures. Bank of America can rot in hell, as far as I am concerned, and so can Obama for giving them the $25billion that they obviously have kept for themselves.

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Got a verbal from BANK of AMERICA in febuary 2010 made 4 payments . Called to make June payment it was declined. I called and was told they had no record of my trial modification.This has been going on since March 2009. THey paid my taxes and sent me a escrow schedule. Nobody at Bank of America can ansewer questions. Worse yet I called with a financial question about the HAMP form and was given the wrong advice. But after 3 phone calls and 3 operators they figured it out. I have submitted financials no less than 5 times. This madness has got to stop. It seems that they really have no idea what they are doing.

UNREAL. !!!!!!!!..I have been trying to work with  Bank of America for over a year now....I must have talked to 30 different people...no one tells me the same story...I dont qualify  - I do qualify... iTS TIME WASHINGTON DID AN INVESTAGATION ON BANK OF AMERICA !!! where are the programs Obama came up with to help the public?????? who are they helping????????  COME ON WASHINGTON WAKE UP !! THERE ARE THOUSANDS OF PEOPLE WHO NEED HELP !!

@fed up...   I agree...Washington SHOULD do an investigation on B of A...but since they gave them the money, and then accepted the money back, they will most likely leave them alone. When I called once to ask why I didn't qualify for the principle reduction for former countrywide customers, and asked what happened to the money that Obama gave them...I was told that 'it went back into the treasury'...I asked the customer service rep how many loans they had actually modified with that money, and he said that he wasn't allowed to comment.

Our story sounds like many...but thankfully we haven't lost our home...yet.  In our 7th month of trial modification I called to make our payment and check the status of the modification as usual and were told that they were just waiting for us to make our 3 months trial payments.  I informed her we were in our 7th month and she said she would update the account and move it through.  Month 8 I called and was told we were denied.  When I asked why I was told that we (the customer) declined the offer.  What offer?!  Supposedly we declined in April (month 5).  That's funny because we've made 3 trial payments since then.  I was told she would escalate it, because there was no record of us called just a "denied by customer" on the account.  Since then we've gotten nothing but run around, "transferred" to different departments (which means put on hold and then disconnected).  It's outrageous!  What are decent families trying to survive to do?