Saturday, June 15, 2013

Bank of America

Read This.........................
ProPublica "Bank of America employees regularly lied to homeowners seeking loan modifications, denied their applications for made-up reasons, and were rewarded for sending homeowners to foreclosure, according to sworn statements by former bank employees.

The employee statements were filed late last week in federal court in Boston as part of a multi-state class action suit brought on behalf of homeowners who sought to avoid foreclosure through the government’s Home Affordable Modification Program (HAMP) but say they had their cases botched by Bank of America.

In a statement, a Bank of America spokesman said that each of the former employees’ statements is “rife with factual inaccuracies” and that the bank will respond more fully in court next month. He said that Bank of America had modified more loans than any other bank and continues to “demonstrate our commitment to assisting customers who are at risk of foreclosure.”
Six of the former employees worked for the bank, while one worked for a contractor. They range from former managers to front-line employees, and all dealt with homeowners seeking to avoid foreclosure through the government’s program.

When the Obama administration launched HAMP in 2009, Bank of America was by far the largest mortgage servicer in the program. It had twice as many loans eligible as the next largest bank. The former employees say that, in response to this crush of struggling homeowners, the bank often misled them and denied applications for bogus reasons."

Now I will tell MY story about the house that my husband bought in Alsea, Oregon at 19279 South Fork Road. He bought it in 2001. After my husband passed away in May of 2011, I contacted several real estate agents to please help me list the house so I could sell and leave. Since I had no friends in Alsea and it was hard to drive so far to shopping--almost an hour away, I didn't want to stay. One of the first realtors, said I should get a preinspection. The inspector said that there were pipes broken under the house and sewage had spilled underneath. Then I started to contact people to help me solve the problem so I could sell it. It turned into thousands of dollars with three companies making it worse and the problem never solved. I also was told that I would have to dig a new drain field going up hill and it would cost thousands of dollars more. One thing that was odd was that if there really were pipes broken and sewage all over, why wasn't there a smell? Others commented too that I talked to said this was suspicious. I paid out a lot of money and didn't get anything. I gave away about 80% of my possessions to people who loved to take them. There are always people around who want what you have. Every day I would have a list of things to do, people to call to get help. I persisted and kept reaching out for help. I didn't ever get help.

I lived on this property with no one caring about what I was going through for over six months without plumbing. People saw because I had a portapotty out in the drive way. I asked Bank of America for help. No help. They said that I should just walk away. So I did. They own the house. Now I live in an apartment that costs me $1150 a month, which is a lot more than my house payment in Alsea. Thank you very much!

Yes, I am happier in Seattle and going to need to find housing that is more affordable for me. I would NEVER move back to Oregon. No friends. No help during difficult times.

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