In August 2009 I entered into a trial modification with BOA. On March 30, 2010 I received a letter stating that I qualify for a permeant modification. A few months pass and I did not receive any documents BOA claimed they would send. On 10/8/2010 I received a phone call from Emily with BOA stating, "It's not in the best interest of the investor to modify the loan". According to BOA I owed double the amount I saved to bring my loan current. I have since refinanced my home with another lender however not to the degree that BOA would have. In order to refinance I had to have a cosigner on my loan which I could have avoided had the HAPM occurred accordingly. I have had to struggle tremendously to repair the damage BOA has caused. A plummeting credit score and withholding my money were only a few of the issues I had to tackle and continue to. My payments had I had the modification would have been significantly lower than they are currently. This is what I am looking for, completion of the original plan. Trial payment plans are contracts, and the Bank of America broke them by not giving permanent modifications to homeowners who made their trial payments on time and provided the necessary documentation as well as receiving official permanent modification qualifying documents.
I am determined to peruse what is just and honorable. I am aware that several people are in the same predicament. As of now I am not aware of a class action law suite in Ct.; however there are several states engaging in them.
Force the Bank of America to give people who qualify, the loan modification they should have given by now.Trial payment plans are contracts, and the Bank of America broke them by not giving permanent modifications to homeowners who made their trial payments on time and provided the necessary documentation as well as receiving official permanent modification qualifying documents. Obama said, "Millions of Americans who work hard and play by the rules every day deserve a government and a financial system that do the same," Obama said. "It's time to apply the same rules from top to bottom: No bailouts, no handouts, and no copouts. An America built to last insists on responsibility from everybody."
Created: Feb 01, 2012
Issues: HousingShort URL: http://wh.gov/kKZ
Save and Share this URL: https://wwws.whitehouse.gov/petitions/!/petition/force-bank-america-give-people-who-qualify-loan-modification-they-should-have-given-now/6DTBJ8G7
Product or Service Mentioned: Bank Of America Loan Modification.