I am devastated.I have been in my home 21 years.my old lender wilshire approved me for home affordability mod.in dec.09. my loan was transferred to bac of bank of america.
they are not willing to accept mod agreement and raised my pymt to 998.60 on a ssi income of 674.00 a month. my original pymt was only 567.00. now my home appraised under 10,000.
when they took the loan i owed 70,000.00 now i owe 76,000.00 for a home worth 7,000.00. I have no way to save money as i have been permanantly disabled since 1987.I only (ever) will qualify for 674.00 thru ssi.
Product or Service Mentioned: Bank Of America Loan.
Monetary Loss: $76.