• Report: #1012034
Complaint Review:


  • Submitted: Sun, February 10, 2013
  • Updated: Sun, February 10, 2013

  • Reported By: Caridad — Orlando Florida United States of America
5401 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

REBUTTAL BOX™ | Respond to this Report! | Consumer Comment

What's this?
Corporate Advocacy Program

Show customers why they should trust your business over your competitors...

What's this?
What's this?
Is this
Ripoff Report
About you?
Ripoff Report
A business' first
line of defense
on the Internet.
If your business is
willing to make a
commitment to
customer satisfaction
Click here now..

Does your business have a bad reputation?
Fix it the right way.
Corporate Advocacy Program™

Set the record straight:
Arbitration Program

SEO Reputation Management at its best!

We put 50% of the value of the home as down payment in August 2007, and paid an additional 25% in interest only mortgage in 18 months.  The house was worth less than the down payment by 2009, and Bank of America refused to modify the loan.  It has been four years, and new set of documents every two months.

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/reports/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.

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

Click Here to read other Ripoff Reports on BANK OF AMERICA

Search for additional reports

If you would like to see more Rip-off Reports on this company/individual, search here:

Search Tips
Report & Rebuttal
Respond to this report!
What's this?
Also a victim?
What's this?
Repair Your Reputation!
What's this?