BB&T Bank Discrimination, Unethical Pratice of lender & greed to scam money High Point North Carolina

In past we were not able to make payment for two months on our mortgage but we are current and paid up do date for the month of March and April.  The bank recently completed an appraisal of just the property and our loan officer, Mr. Joe Hellinger, said that the appraisal is at $900,000.00 but he not give us a copy.  We owe the bank $632,000.  We do not understand on what grounds the bank feels insecure when there is equity of close to $270,000 and we are current on all our payments as off today.  We had a prospect that bought our business on the terms of lease with option to purchase for $1,249,000 and made a down payment of $107,350 + we will receive a second payment of $80,000 on May 5th, 2010.  Under this deal we showed the willingness on our part to pay off as much as money the bank wants to keep from this $187,350.  On top of this payment we showed the willingness to raise our remaining mortgage payments from $4600 to $6200 a month so that the remainder balance of $450,000 gets paid off quicker.  Te bank harassed the buyer and us for good two weeks just to approve our deal.  At the end the buyer backed out and told us on April 15th, 2010 that MR. Hellinger told them that this business is in foreclosure status and the property is recently appraised at $900,000; Mr. Hellinger went on to ask the buyer why is he paying $1,249,000 when it is not even worth that.  At one stage on April 13th, 2010, Mr. Hellinger told us that how about you drop the sale price of your business to $850,000 and sell to someone who can pay money right away rather then selling on lease with the option to purchase terms.

We received foreclosure court papers on April 21st, 2010 which was a surprise.  That same day we visited Mr. Hellinger at BB&T Bank to understand the reason for foreclosure.  Mr. Hellinger gave us the reason that because we have been late few times it cannot provide lending to us anymore even through we are up to date on payments currently.  We showed eagerness to present our concern to somebody above him who makes the decision.  Mr. Hellinger said, we need to talk to the bank's lawyer, Jeff Dunham with Tuggle Dugging Attorneys at Law because they make all lending decision for the bank and he did not know of the person above him at BB&T bank that makes this sort of decision.  We strongly believe that there is unethical practice going on with this issue under the present status of US economy and the credit crunch.  The bank's harassment is an unmanageable nightmare for us.  Can you please help our small family owned business survive this discrimination.

With such a big equity in our property + the goodwill value of the business the bank has malicious intentions of making a huge profit by foreclosing.  With this foreclosure the bank can easily sell this business from $800,000 and charge all sorts of fees and repayment penalty, which would be around $25,000.  The bank can profit more than $50,000 out of foreclosure.

Damage Resulting = My family can loose everything that we have worked for so hard.