If anyone out there is having the same problems as I am having with Bank of America MHA, please go to my web site and send me an email. I'm going to sending all emails I collect to Washington DC, 20/20 and Dateline NBC. We need to stand together and expose this financial institution for fraud. I've entered into a Making Home Affordable Program back in June 2009, made all payments and still in the dark about what is really good on with my loan modification. As of January 27, 2009, I told BofA that January's payment would be my last one to them because, twice I had been told I was approved, once in August and once again in September. My online workout information on BofA's website confirmed this fact for three months. I enter into this program which stated in the documents received from BofA that there were no fees associated with this MHA program and yet there was going to be fees. Here's a copy and paste of my approval and fees.
Workout Status Detail: Your Loan Modification has been approved, and all collections activities have been suspended as a result of this approval. Next steps will include a call from a workout negotiator who will explain the terms and options of your approved workout including all conditions required for the final completion of the workout, such as upfront funds. You will also receive a package of documents in the mail. These documents are time sensitive and must be signed, notarized and returned to us in 10 days, including any required upfront funds. If you have not received your workout package and/or a phone call from your negotiator by 01/19/2010, please contact us. Please do not call back before 01/19/2010 as that may delay the process. Please respond promptly to any calls or requests that you may receive from Home Retention Department during this time period. Lack of response will cause your workout to be delayed or cancelled. Thank you. Information as of: 11/20/2009Workout stage: Approved
The paperwork for the MHA program also stated that if approved I would be receiving a modification within within 45 days of my last trial period payment, which was on August 1, 2009. This has never came. Now a gentleman called me on February 9, telling me to send another set of documents to him because he was going to underwrite my loan modification the following day. See Copy and paste of if approved, I would be receiving a modification Thank you.
I will look for the documents to underwrite the loan by tomorrow.
Loan Modification Team
Now I'm being told that it should take a few weeks now. See below,
I apologize for not sending you a reply. I completed the underwriting on the 15th. It will move into the final step of the process and the loan has been picked up by the department which runs the loan through the Treasury model. You should hear something within a few weeks.
Thank you very much for your patience,
Loan Modification Team
Please go to my website, as I'd like to hear from you as well. (Cpoy & paste)http://bofamhaloanmod.com/BankofAmericaFraudelentBusinessPractices.aspx
Product or Service Mentioned: Bank Of America Loan Modification.