- Report: #1012034
Report - Rebuttal - Arbitrate
Complaint Review: BANK OF AMERICA
BANK OF AMERICA5401 N. Beach Street, TX@-977-0134 Fort Worth, Texas United States of America
BANK OF AMERICA JENNIFER ABBOTT Home was overappraised, and BOA knew the market was going to collapse. I put 50% down in 2007, and by 2008 the home was worth down payment Fort Worth, Texas
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I finally complained to my elected officials, and on February 1st 2013 the bank made me an offer after four years. It added $40,000.00 to my principal, and increased my monthly payment by $250 to $1,023.00. The bank ignored the guidelines to charge me 31% of my income, and knows my income. It is the same one I had when I purchased the home with my mother, and she died a year later.
BOA does not care about my hardships, and will not lower my payments after collecting the value of the home as down payment. I have complained to so many agencies, and officials. I cannot get anybody to make the bank follow the rules, and I have been going around in circle. Bank of America wants to keep my money, and take the home back.
Our entire savings is invested in the home, and I do not have ten dollars to my name. I want the bank to do the right thing, and follow the guidelines.
This report was posted on Ripoff Report on 02/10/2013 11:28 PM and is a permanent record located here: http://www.ripoffreport.com/r/BANK-OF-AMERICA/Fort-Worth-Texas-76137/BANK-OF-AMERICA-JENNIFER-ABBOTT-Home-was-overappraised-and-BOA-knew-the-market-was-goin-1012034. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.
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