Foreclosure Threats Even After Loan Modifications

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Foreclosure Threats Even After Loan Modifications

Foreclosure Threats Even After Loan Modifications

WFTV-

A Port Saint John family thought they had avoided disaster after a loan modification was approved.

But  a year later, they claim, Bank of America is foreclosing on their home even though they haven’t missed a mortgage payment since the modification.

Billie Whaley posted three signs  at her  home, all attacking Bank of America.

One reads: “Please help us. Bank of America is trying to steal our home.”

Whaley claims the lender double-crossed her family by approving  a loan modification, taking payments for nearly a year, and now threatening foreclosure.

“I can’t think about it and not cry. We put everything into this home,” Whaley said.

[WFTV]

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2 Responses to “Foreclosure Threats Even After Loan Modifications”

  1. Ken Hansen says:

    Can we please shut this monster Bank down and save the universe?

  2. keepon says:

    WH Petition Status 25,000 signatures required before 4/22 ! SUNDAY !
    3957 more needed by 4/22 ! SUNDAY ! 21,043 signed (4/20 @ 3:30 pm) ( 25,000 required )

    Ed DeMarco, head of the Federal Housing Finance Agency — which oversees Fannie and Freddie — has stood in the way of (principal) reductions and he’s claimed the support of Fannie and Freddie. But that’s no longer the case. Even Fannie and Freddie now support principal reductions. It’s time for Ed DeMarco to step aside by signing this Whte House petition:

    https://wwws.whitehouse.gov/petitions/!/petition/push-fannie-mae-and-freddie-mac-issue-principal-reductions-underwater-homeowners/qtS3crg7

    Pros & Cons

    “Senator Demands Answers from Freddie Mac’s Regulator” ( Acting Director Edward DeMarco)
    http://www.propublica.org/article/senator-demands-answers-from-freddie-macs-regulator

    ProPublica and NPR reported on Monday [1] that Freddie Mac, the taxpayer-owned mortgage-insurance company, placed multibillion-dollar bets that pay off if homeowners stay trapped in expensive mortgages with interest rates well above current rates.

    Ed DeMarco’s Refusal on Principal Reductions Grounds for Firing
    Peter S. Goodman Huffington Post Posted: 03/12/2012 8:10 am
    http://www.huffingtonpost.com/peter-s-goodman/ed-demarco-fannie-freddie-principal-reduction_b_1336190.html

    Elijah Cummings gets help in Edward DeMarco fight
    Read more: http://www.politico.com/news/stories/0312/73523.html#ixzz1s6eOdl5S
    by Joseph Williams

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