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Report: #699271

Complaint Review: Bank of America - Dallas Texas

  • Submitted:
  • Updated:
  • Reported By: Jospeh — Glasgow Kentucky U.S.A.
  • Author Confirmed What's this?
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  • Bank of America PO Box 650070 Dallas, Texas United States of America

Bank of America BAC Home Loans Servicing Forced into foreclosure by delaying home loan modification Dallas, Texas

*Consumer Comment: GOSH-IS-DAT GUYGOOFY POEM

*Consumer Comment: "ARCL SONG".....

*Consumer Comment: Jospeh, You can...

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In June 2010 I contacted Bank of America to apply for a home loan modification. They sent me two packets of the same documents in early July, which I promptly filled out and returned by fax and FedEx. Two weeks later I called to check up on the process and was told they needed more documents, which I sent, again by fax and FedEx. Another two weeks later I called and was told basically the same story, that they needed more documents. Apparently they had lost the last ones I sent. Each time I called BAC I talked to a different representative and each time I was told that I did not need to worry, that as long as I was in the home loan modification process I would not be foreclosed on. Mid July I got a letter stating they were going to "accelerate" my mortgage because I was delinquent. I called to see what was going on and again was told they did not have all the documents they needed. I sent what they asked for , again, and was told not to worry about foreclosure. Spetemb 9, 2010 I got a notice that they were going to foreclose and on September 10, 2010 the sheriff served me with a civil summons and notice of foreclosure. Once again I called and was told I needed to submit at least one month's mortgage payment to prevent foreclosure. I did not believe that representative either because of all the previous misinformation, so I called again and was told I needed to pay $7119.33 to bring my account current and stop the foreclosure activity. I had to borrow the money from a relative to accomplish that.

BAC sent me a letter suggesting I might want to try a reverse mortgage. I applied for the reverse mortgage, paid $300 for an appraisal that was poorly done. The appraisal consisted of a visit by an "appraiser" who took some pictures and then went to the court house to retrieve information on comparable properties that had been sold. The only property that was nearby was sold very low because of its condition. So the "appraiser" submitted an appraisal for my property that was $100,000 below a previous appraisal done 2 years before. In order to get the reverse mortgage I would have to pay $20,000 at closing! I then decided to continue with the home loan modification.
 
In early December 2010 I got a call from a contractor named Megan telling me she was managing my modification application and that seh needed a form from me to get underwriting to review my application. I had faxed and FedEx'd the same form five times during the months since June, but the BAC people misplaced each one. 

I asked to speak with Megan's supervisor and when he called he said I should get the application approved by February 1st. As of February 15th the application is reportedly in review by the "investors" (Fannie Mae) and now I'm being told it could be another month or two before the final approval is given. Meanwhile my reputation in the small community where I live has been damaged and the stress caused by all the incompetence on the part of BAC has almost ruined my health.

If you are considering a mortgage, stay away from Bank of America. They do not care about anything but their corporate profits.

This report was posted on Ripoff Report on 02/24/2011 05:36 AM and is a permanent record located here: https://www.ripoffreport.com/reports/bank-of-america/dallas-texas-75265-0070/bank-of-america-bac-home-loans-servicing-forced-into-foreclosure-by-delaying-home-loan-mod-699271. 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. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

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#3 Consumer Comment

GOSH-IS-DAT GUYGOOFY POEM

AUTHOR: Karl - (USA)

POSTED: Friday, February 25, 2011

GOSH-IS-DAT GUYGOOFY POEM

Oh my goodness gracious
Our world is such a mess
Gosh-is-dat guygoofy
He wears a purple dress
Oil prices will keep rising
That's my latest guess
Gosh-is-dat guygoofy
He wears a lady's dress
Time to end this poem
Kitchen sink's a mess
Gosh-is-dat guygoofy
Lady's apron or a dress?

End.

*Anyone can 'Google' this- IMAGES FOR MUAMMAR GADDAFI, and go to the related sites to see all of the images that are available on the web.

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POWER TO THE PEOPLE

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#2 Consumer Comment

"ARCL SONG".....

AUTHOR: Karl - (USA)

POSTED: Thursday, February 24, 2011

has been composed and will be submitted in the consumer comments section at this website soon.

*In order to understand what an 'ARCL' is, simply type in 281113 at this site and read "ARCL POEM". It appears as 'Consumer Comment # 17' at Ripoff Report #281113. At the end of the poem you'll be directed where to go in order to find out more about ARCL's.

Thank You

********************************  MORTGAGE ALERT  *******************************
*Make sure to stay at this site and type in all of the following and read the Ripoff Reports for valuable information if you have a mortgage in the USA-

GMAC
HAMP
INDYMAC
ONE WEST
ALLY
LITTON LOAN
MERRILL LYNCH
WELLS FARGO
BANK OF AMERICA

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#1 Consumer Comment

Jospeh, You can...

AUTHOR: Karl - (USA)

POSTED: Thursday, February 24, 2011

'Google' this- 9WANTS TO KNOW STARTS WEEK-LONG PUSH TO HELP HOMEOWNERS WITH MORTGAGE MODIFICATION PROBLEMS, and read the article and watch the video on the web.

It appears that the banks might help homeowners if they know that they're going to be exposed on local T.V., right? Maybe you should contact all of your local News stations to see if they'll do what 9NEWS in Denver is doing to help homeowners, like yourself.

Good luck to you!

*********************************  MORTGAGE ALERT  ********************************
*Make sure to type in 481508 at this site and read St. Clair's Ripoff Report for valuable information if you have a mortgage in the USA.

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