The Home Equity Theft Reporter: BofA Duped Me Into Loan Modification When It Really Wants To Foreclose, Says Texas Woman In Lawsuit

BofA Duped Me Into Loan Modification When It Really Wants To Foreclose, Says Texas Woman In Lawsuit In Jefferson County, Texas, The Southeast Texas Record reports: A woman claims Bank of America wrongly foreclosed on her property despite its agreement to work out a modification with her.

So the spouse may be forced to sell the home in order to repay the loan. But it’s also possible that the same thing occurs when the mortgagee is permanently relocated to a nursing home. Detail 2 (and it’s one you really have to take into account): Interest. Most often, no payments are made on reverse mortgages.

A couple years ago, they applied for a second mortgage, a home equity loan with Wells Fargo, to pay off credit card debts and to make some home repairs. Just before Christmas 2008, Michael, a heavy equipment operator, was laid off, and Susan, who works as a certified nursing assistant, also was temporarily unemployed for the holidays.

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Verizon Wireless ran into the same wall of consumer outrage that Bank of American. Whatever the problems might have been, Verizon says it’s working to prevent them from happening again. "We are.

There are no easy answers here, as the House’s stunning defeat moments ago of the financial bailout legislation is putting us into seemingly uncharted territory. most members believe this really.

Have tried to get a fair loan modification two times, denied both times. America’s Servicing Company wants us to either sell the home (as if we had any equity), do a short sale or sign the property over to them. I don’t want to give up my home to a company that probably doesn’t own it without a fight.

2009.07.07: Bank of America employees say it’s time to speak out against predatory banking practices 2009.07.03: Credit Card Companies Raise Interest Rates, Hike Minimum Payments and Lower Credit Scores.

2007 I lost my home because Bank of America said my loan was up side down so they force me in two a option to do a short sell to get out on my house mind you the house was brought in 1968 for $15000 an in 2007 they said we own back pay of $425000 on the property so I like a lot people was force to do a short sell cause they were going to put me out I try paying the loan every month it went.