ED Magedson – Founder
Kenneth D. Lewiswww.bankofamerica.com Internet United States of America
I started loan modification with B of A Dec. 08. March 09 they asked for paycheck (proof of income). A week later three months B. Statements. Were faxed twice. August still no decision made by the bank except my new payment was around $2400. Sept. again asked for three more months of b. statements. New one's were faxed.
Oct. 3rd I called for status. They said it was cancelled because it took so long. Without saying it was their own decision. Now I obviously owe more. After 10 months and over 300 calls now can't do.
Mr. Lewis is retiring at the end of 09. I guess he has enough wealth. why should he do what his bank promised 10 months ago? !!!!!!
Ten months later and over 300 phone calls (can be proven), they cancelled the loan modification. It was their decision to start, now is their decision to cancel. May be I am not as worthy as their friends are for billions. Yet I am sure I am good for thousands.
When I did the financing I had 20% equity in this property. I am a real estate broker. Real Estate dropped, so did my income. Mr. lewis can check with his commercial dept. in Woodland Hills, that I personally submitted commercial loans for $2,800,000 twice before Sept. 08.
Buyers with excellent credit and very high income. Bank didn't lend. Even bank representative admited, that he was shocked. None of us knew that banks were falling. There was just enough billions for bonuses .There was none to lend.
At this moment my new job has taken me to Baltimore for training. Last night after 11pm Bank of America's representative called. He asked : "what is your intention regarding this property. There is no sale date on it". I told him that I like to keep the property. You guys stopped the loan modification." I asked for the Vice president's name and phone no. He didn't give it to me.
I like to write a letter to the Residential Dept.'s Vice President.The foreclosure dept. does not release the name and phone no. or address. I was wondering if you can?
I appreciate your co-operation in this matter I remain.
This report was posted on Ripoff Report on 10/08/2009 09:30 AM and is a permanent record located here: http://www.ripoffreport.com/reports/kenneth-d-lewis/internet/kenneth-d-lewis-bank-of-america-b-of-a-loan-modification-internet-506210. 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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