Upsidedown Mortgage With Bank Of America - Please Help!

by Joseph
(Connecticut, USA)




We have an upside down mortgage with Bank of America, a first and second mortgage through Bank of America, both are interest only mortgages.

Presently my mortgage is underwater approximately $45k!

I don't have the money for a refinance.

I would love to stay in my home and find a permanent solution to my problem.

We are willing to do whatever it takes, work 3 jobs if we have to! Just to keep a roof over my kids head.

Unfortunately Bank of America Loss Mitigation Dept doesn't care!

I have been trying to speak with the right person for 45 days! 3-4 nights a week, I am on the phone 2 hours at a time, with no hope!

Every supervisor I speak with just wants to send me to "short sale" or transfer to "deed in lieu department".

Did Obama bail Boa out? I think he should have let all banks fail and should have helped us!

Bank of America Mortgage Loan Modification Answer:

by B of A Mortgage Loan Modification Expert - Dan North

I got it on the current situation.

I am assuming that you have some sort of financial hardship, behind on payments or having a hard time coming up with the payments if you are speaking with the Bank of America loss mitigation department.

Without enough information to say what your options are there are two possible scenarios that may solve your problem.

Consolidate Both Mortgages With A Refi Under HARP

This will only be possible if you have stayed current on your mortgage payments and your credit score is mid 600's. This also depends on how upsidedown your mortgage is. $45k upside down on a $450k loan is fine but not $45k on a $125k loan.

I have a real good man you can talk with for help on HARP and refinance options. just send me a note asking for refi help on my contact page. He will be able help you if there is anything that can possibly be done on a refinance.

Bank Of America Loss Mitigation Department Can Be Handled If There Is Financial Hardship

There are several options here but this only works if there is financial hardship and you do have monthly income.

  • Do it yourself: Doing it yourself does not mean you have to do it alone. Get some help. There are several inexpensive kits available that help tremendously on walking you through the process. I recommend this DIY Loan Modification Kit.

  • No-Upfront Fee Loan Modification: This does cost but you do not pay until you have a modification in place so there is no charge unless there is a result. I have a company I work with for California, Oregon and Washington No-Upfront Fee Loan Modification. They get good results and are a high integrity firm. I like them a lot.

  • Free Bank of America Loan Modification with Credit Repair Service: Now this guy is incredible on handling Bank of America loan modifications. If it can be done he will get it done and sometimes even if it can not be done he gets it done anyway. He is also amazingly fast. He only handles Bank of America loan modifications free of charge for his credit repair clients. Until I set up a contact form for him send me a note saying you want free Bank of America Loan Modification.


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Upsidedown Mortgage With Bank Of America - Please Help!

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starstarstarstarstar 		GET REAL HELP WITH YOUR MORTGAGE NOW!!!
by: Jovan Simon

I have read most of the stories posted on here to know that all of you deserve to be treated better then you've been treated by the banks. Between the time periods of 1995-2008, thousands of loans were securitized. Meaning the deed and note was separated and put into a pool of trusts and sold on wall street, which was illegal. My company offers a program called Securitization Audit that audits the full life of your mortgage exposing improper practices and fraudulent activity on your lenders behave. And used as leverage to FORCE mortgage assistance. It is not to late to save your home! BOFA was sued for billions because of this program, you can get what your owed now! Anyone reading this is welcome to contact this site's owner, Dan North, if they are interested in such a service or for more information.
Rating
starstarstarstarstar 		Mortage
by: Anonymous

Dear Sir
I have lost about $1,700,000.00 of real
value due to the financial mess we have
been put in, I know working a new business
I will recover plus, this is sad to say
because people with brains and talent will
always recover, the reason is I learn
everything I can, I know this is crazy but
I will tell you, I have 7 tenants that cant pay rent, TD bank froze all my accounts, I worked for a friend but he lost the ability to pay me, I paid about $4,000,000 in taxes over 35 years but unemployment denied me, I had about $1,600,000.00 of real estate that is now worth about $700,000.00 I have a balance of $1,000,000.

I lost a business of 35 years with 65 employees, this is why payment is not possible at this time.
Thank You
Thomas Ranno

Bank Of America Loan Modification Answer:

By Bank Of America Loan Modification Expert - Dan North



Wow, sounds like you need to modify all your properties both commercial and residential. If you are in California, Oregon or Washington go to Apply for No-Upfront Fee Hardship Loan Modification (Currently available in CA, OR & WA) fill out the hardship application form and submit. Antonio will give you a call.
Rating
starstarstarstarstar 		BankUnited As Servicer Ruined My Credit
by: Anonymous

At refi BankUnited forced escrow to pay tax/insurance.

I put more than 25% down but forced to purchase PMI insurance, the bank charged 1 year of Chubb insurance, 3 months later Chubb canceled stating no payments. BankUnited started a new policy at 2x cost with 1/2 the coverage.

I paid on time every month but the bank
destroyed my credit claiming late payments,
then the courthouse claimed payments for taxes were late. BankUnited charged an additional $200.00 per month for interest on late payments.

After how BankUnited has damaged my credit there is no reason to make payments except town taxes.

Bank Of America Loan Modification Answer:

By Bank Of America Loan Modification Expert - Dan North


Start filing complaints on your BankUnited:
You also need to challenge the negative credit reports created by BankUnited at the credit bureaus:
Write a Qualified Written Request (per the instructions here) that BankUnited cancel PMI requirement, refund all monies paid for PMI, all interest payments on late property taxes charged to you are refunded, escrow is cancelled, all negative items reported to the credit bureaus are removed as servicer error.
Rating
starstarstarstarstar 		Truly not helping the needy, only the Greedy!
by: Anonymous

I've been in my home for 11yrs. It was a "sole as is" home. I had to rifi several times, probably more than 5 times to get this house together. Finally it's a home that I love. My comment is I recently lost my job,applied for work 7-8 times weekly. I receive UI insurance plus pension. To pay monthly bills, receive food stamps monthly and pay mortgage.

BOA just will not participate in helping the downfall people to keep them in there homes, no matter how hard they work, get with different programs that's suppose to help. BAC need to get with FHA new programs for "Underwater Mortgage Help". They don't want to join to help us whats wrong with that. I'm underwater, defaulted of $70k, I know there's more people out there that need help or programs Stop holding back, reach out help us.

I'm unemployed need work to keep home.
Rating
starstarstarstarstar 		Upside Down Mortgage With Bank Of America
by: Tony

I have been trying to talk to someone at Bank of America for the past 4 weeks now! 2-3 hours per day 5 days a week and nobody gives me the right time of day. All I get is promises " we will call you within 48 hours " but in reality get nothing! This is what the American dream has come down to, A bank that was bailed out playing me and my family like a puppet on a string. I don't want a bailout I want a chance to pay as I go and Bank of America wont even listen, Obama should have bailed out the home owner not the banks.

Bank of America Loan Modification Answer:

by Bank of America Loan Modification Expert - Dan North



Start with filing a complaint against B of A with the Office of the Comptroller of the Currency.

Contact the HAMP Escalation Team for help to get Bank Of America to work with you. Follow the directions at Loan Modification Process With Chase Is Taking Too Long...

You should also file a complaint with your State Attorney General and the FTC

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