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Report: #727571

Complaint Review: Bank of America - Internet

  • Submitted:
  • Updated:
  • Reported By: CJ — Windsor Pennsylvania United States of America
  • Author Not Confirmed What's this?
  • Why?
  • Bank of America Internet United States of America

Bank of America Mortgage modification rip off, increasing my mortgage so much we cant afford it. Internet

*Consumer Comment: CJ,

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In 2009 I was out of work and we called our current Mortgage Co Countrywide Mtg which at the time was being bought out by Bank of America.  We started a Mortgage Modification in Sept of 2009 since we knew we would be running into financial trouble.  It has now been 2 years and several months later and they just approved our modification however they are taking the $10,000.00 we are behind on our mortgage and saying we need to pay them back with this modification at $500.00 more per month to our mortgage to  make up the difference over the next 30 years.  That to me does not add up that comes out to $178,000.00 way over the $10,000.00 we owe.  I would love to know how they came up with this figure, they keep giving us the run around saying we need more documents we have given them so many documents its riduclous.  I keep asking them to tell me the lagistics of this and they keep putting us off saying they cant tell us anything until it comes back from their Quality Control Department.  We are being ripped off and we are going to loose our home because of this.  Another mortgage scam at work.

This report was posted on Ripoff Report on 05/10/2011 07:51 AM and is a permanent record located here: https://www.ripoffreport.com/reports/bank-of-america/internet/bank-of-america-mortgage-modification-rip-off-increasing-my-mortgage-so-much-we-cant-aff-727571. 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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#1 Consumer Comment

CJ,

AUTHOR: Karl - (USA)

POSTED: Tuesday, May 10, 2011

You can send a copy of your Ripoff Report to President Obama so he knows what's happening to people living in the USA. Maybe he's been too busy concentrating on what's been going on over in Afghanistan and he's forgotten about the problems that millions of Americans are still facing, due to the sluggish economy, which was caused by many of the bankers and other Wall Street executives who appear to be the ones running this country and the countries of Europe.

*Just type in 529757 at this website and President Obama's address appears at the end of 'Consumer Comment #29' at Ripoff Report #529757.

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