http://homesolutioncounselors.com/bank-of-america-sued-in-texas-for-abusing-homeowners-with-misinformation-and-misdirection Foreclosure Defense, Loan Modification, Mortgage Litigation, Real Estate Short Sales, Houston Texas TX Sun, 05 Feb 2012 05:46:32 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://homesolutioncounselors.com/bank-of-america-sued-in-texas-for-abusing-homeowners-with-misinformation-and-misdirection/comment-page-1#comment-329 r.traci@att.net Mon, 26 Jul 2010 04:56:08 +0000 http://homesolutioncounselors.com/?p=1146#comment-329 haveing seen in numerous packages, used credit counseling twice, started negotiations one year and four months ago; finally had someone say I am calling for information in regards to trying to work out a modification for you, don't get your hopes up, however lets get all the information and I wil get with the investors and see if they want to modify,, received letter in mail 5 days later that says pay 69,000 plus attorneys fees and etc, you have 12 days to do this in order to bring your loan back into status, well the money tree was empty that is why I have called you, and I have a rental that I called on also, since it told me to get with my lender, I have had it for ten years with perfect payments prior to injury that has resulted in loss of income; the letter said contact your lender, then the lender says no we can only help with your personal residence, I wasn't asking for a handout, just to put the second on hold, or at the back, whatever. Will most lilkely lose both homes, put all of my retirement/inheritance in realestate, lucky me. While checking out the prices on most recent homes, seeing just what a short sale might possibly bring, my rental with a 400000 loan is now worth 150000, one purchase at 600000 is now short selling at 185000, then I took a look at the foreclosures and everyone has walked away, since most loans were 4000000 and under? BAC is allowing their chosen ones negotiate the lowest price, no wonder everyone is bailing, you will never get your homes value at this rate, some of the short sale prices, you couldn't even build a house for that amount in today's ;market. So why are some of us trying to do the right thing, hanging onto our homes, doesn't make sense, it would make sense for the lender to work with us, however so far they are only working with the ones who can afford the payment and they are taking alook at what prices the homes are now selling at and saying, no reduction in principal forget it. Do you blame them? will moar likely lose everything and be forced to ruin credit and file chapter 13 haveing seen in numerous packages, used credit counseling twice, started negotiations one year and four months ago; finally had someone say I am calling for information in regards to trying to work out a modification for you, don’t get your hopes up, however lets get all the information and I wil get with the investors and see if they want to modify,, received letter in mail 5 days later that says pay 69,000 plus attorneys fees and etc, you have 12 days to do this in order to bring your loan back into status, well the money tree was empty that is why I have called you, and I have a rental that I called on also, since it told me to get with my lender, I have had it for ten years with perfect payments prior to injury that has resulted in loss of income; the letter said contact your lender, then the lender says no we can only help with your personal residence, I wasn’t asking for a handout, just to put the second on hold, or at the back, whatever. Will most lilkely lose both homes, put all of my retirement/inheritance in realestate, lucky me. While checking out the prices on most recent homes, seeing just what a short sale might possibly bring, my rental with a 400000 loan is now worth 150000, one purchase at 600000 is now short selling at 185000, then I took a look at the foreclosures and everyone has walked away, since most loans were 4000000 and under? BAC is allowing their chosen ones negotiate the lowest price, no wonder everyone is bailing, you will never get your homes value at this rate, some of the short sale prices, you couldn’t even build a house for that amount in today’s ;market. So why are some of us trying to do the right thing, hanging onto our homes, doesn’t make sense, it would make sense for the lender to work with us, however so far they are only working with the ones who can afford the payment and they are taking alook at what prices the homes are now selling at and saying, no reduction in principal forget it. Do you blame them? will moar likely lose everything and be forced to ruin credit and file chapter 13

]]>