Wow...........BOA!

[faroff]

Received a letter from BOA offering us a chance to meet next month at a
"Homeowners Event" to discuss a home loan modification. I had applied several
months ago only to be told I should consider a short sale. They even had the
audacity to tell me they had already sent us a 3 month trial modification. I never
never received this trial offer and told them so. I told them this is the same company
that I had faxed several different items they requested only to be told they had not
received it even when I had the transmission reports proving it was sent and received!

Then the day after we received this "homeowner event" letter we get another
letter from a different address from BOA stating since we did not qualify for a loan
mod. we should consider a deed in lieu of foreclosure. We called the home owner event
people only to be told they had no idea of our account and they are totally separate
departments. My wife said....but you are the same bank are you not!!???!!! This is
why this country is deep in a recession or was, the large banks have no clue what
either hand is doing. BOA is the worst and has screwed up more loans.

So we do not have any idea what to do. I don't want to drive over 2 hours
only to be told it was another huge waste of time.


Should we go?? Does anyone know if you can get a legit private
investor to buy your note and then sell the house to you?? Thanks!

[jetsfan2010]

what did they say they would be doing for people at this event?

[faroff]

"what did they say they would be doing for people at this event?"

Well according to the letter they state they are meeting face to face with homeowners in arrears
and to work out a modification or see if you qualify for one.

It seemed like a glimmer of hope but then we get the other letter saying since we did not qualify
we could be possible candidates for deed in lieu.

So we're really not sure what to do. Still go this event or not go??

[DesdemonaB]

"what did they say they would be doing for people at this event?"

Well according to the letter they state they are meeting face to face with homeowners in arrears
and to work out a modification or see if you qualify for one.

It seemed like a glimmer of hope but then we get the other letter saying since we did not qualify
we could be possible candidates for deed in lieu.

So we're really not sure what to do. Still go this event or not go??

I had a family member attend an event like this in our state of Michigan, not BoA and keep in mind that everyone's situation is different, but while he felt after being at the event for over 5 hours the mandatory 30 minute "help me, help you" video session and the budget building / financial planning / credit counseling sessions weren't anything he wasn't already doing by himself.

The one-on-one with a loan specialist was somewhat helpful - he said it could have been worst and it was nice to have a face-to-face rather then a scripted phone interview. He is still in the process of the follow-up sessions, and the timing from the event to the first follow-up contact was several weeks - his event was packed. We told him you didn't purchase your home overnight, you can't save it overnight.

He did point out something - he wished that he didn't give up so much contact information, he has seen an increase in mailings from his bank both e-mail and snail mail and he updated all contact phone numbers. He feels that might come back to bite him on his butt if he ends up defaulting he now wishes he did a little better planning on that aspect.

Good Luck with everything.

[bulletproof77]

A Total Dog and Pony Show for the Government

I went to one of the first of these held in Los Angeles a while back..End result ? "Sorry, there's nothing we can OR will do for you"...And they promptly foreclosed 6 months later..Waste of time..Your mileage may vary.

[ChescoChris]

I had 3 different BofA lawyers file secure claims with different amounts on the same property in my chapter 13 case. All 3 provided revised payments even though I clearly stated I was surrendering. So weird!