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BOA Complaint - BOA won't help if you're upside down! - mortgage
mortgage - Complaint
BOA is a bank with no concern what so ever! they will not help anyone especially if you are upside down on your mortgage. I know people who have had mod's thru other banks and after 60 days they received the help they needed. Boa will not help! Boa does not care, everyone holding a boa loan should walk away and tell them to do as they wish with it. I see it like this, help me and in the life of the loan you still make a lot of money! Let me forclose and you lose 40% from the property value listed today! What makes sense ? Not to BOA ... They should have let the banks fail!
Comments:
Posted by madconsumer on 2011-07-13:
re-finance with another bank?
Posted by trmn8r on 2011-07-13:
I see it like this - is there a clause in your mortgage that covers this situation? If not, you are asking them for a great big favor - one that they can't extend to everyone.
Posted by ChuhBaca on 2011-07-13:
I have to agree with you. I don't know that BOA received any bailout money. That was a pretty big favor to ask of the taxpayers, though.
Greedy upper level management, no concern for their customers, outsourcing jobs, and they still needed saving? They were failing for a reason. Wouldn't it be nice if businesses stayed afloat by earning customers and managing their profits effectively?
Greedy upper level management, no concern for their customers, outsourcing jobs, and they still needed saving? They were failing for a reason. Wouldn't it be nice if businesses stayed afloat by earning customers and managing their profits effectively?
Posted by madconsumer on 2011-07-13:
bank of america gave back any bail out money they were given.
Posted by grandma005 on 2011-07-13:
If she is upside down on her mortgage she can't refinance unless she has money to pay the difference.
Posted by jktshff1 on 2011-07-13:
granny, that would eliminate @ 90% of homeowners today.
Posted by Old Timer on 2011-07-13:
ChuhBaca, don't forget BofA paid those loans back just in time so the executive suits could get paid their fat bonus money and stock perks. The Fed's said no fat cat payouts with taxpayer money, so they paid it back, and fast.
Posted by jktshff1 on 2011-07-13:
Business stay afloat by making a profit and returning it to the stockholders or owners, period. How they do it is another story.
Posted by madconsumer on 2011-07-13:
right on jkt!
Posted by samanthasmom on 2011-07-14:
Um..BofA does help but I'm assuming you owe way more on the house than its currently worth. My father-in-law & sis-in-law modified their loan last year. They were upside down on the house but not by that much. I think that it also depends on what type of loan you have. Their loan was a fanny mae loan and at the time, BofA had a loan modification program for that type of loan (it may of included other types and I don't know if the program is still around). It took several months and they did have to re-fax paperwork a bunch of times but they were successful in the end.
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