I got myself my household I received from the mail an offer out-of Bank of America (my personal home loan bank), obtaining myself towards And work out Homes Affordable program, that has been a creator Obama backed mortgage modification program within date. I became recognized within a fortnight getting section of good demonstration system, with a three-month stipulation when brand new costs were made on time the fresh amendment create are still intact and get generated towards the a long-term repaired loan. Prior to this bring, my personal reputation of to make payments to Financial regarding The usa try flawless and i also didn’t come with experience with neither got ever attempted to get in touch with Financial regarding The usa to modify my personal loan. With this exact same time, I became experiencing an interruption from Survivor advantages for example out-of my personal sons, which could amount to a loss of roughly $several,800 to the year. This is a huge loss offered I am a beneficial widowed mom regarding around three and now have only child custody of and you will solely look after my really handicapped grandson. Needless to say which modification is actually a god posting if you ask me at the time.

For the whole three-month demonstration months We generated my money very well punctually and in conformity using my arrangement with Bank out of The usa. To own factors unbeknownst to me, Lender from The united states never informed myself after the demo several months had finished, and never delivered any models or comments reflecting the fresh amendment payments. After getting in touch with them on mobile, I happened to be taught in order to keep making the same payments because the I got accomplished for the very last three months. It survived having ten months. On the erica sent me personally a statement having roughly $8,000, reflecting the difference out of my modern home loan repayments plus the modification money which i was and come up with.

Meanwhile Financial away from The united states had been going through the latest property foreclosure procedure and you can assured myself which they you certainly will stop the foreclosures or people sheriff’s product sales, given that amendment try accepted

Along with this battery charging find, Bank from The united states stated that I found myself no longer eligible for the newest modification program plus they was in fact intending to foreclose on my family if the l did not payday loan Priceville afford the $8,000. At the time raising $8,000 seemed like raising so many.

Shortly after an extended discussion on telephone, a realtor off Lender from The united states informed myself if i filed a section eight case of bankruptcy, I am able to obvious some of my expenses now be eligible to have the second modification. Founded solely to their pointers, We filed a section eight bankruptcy case, as well as in , cleaned a lot of my personal bills and you can refiled towards amendment which have Financial out of America. 14 days afterwards Bank out of The usa sent me personally a notification, saying that I happened to be maybe not qualified to receive a modification.

Actually, it had been so it difficulty that forced me to eligible for the fresh new modification to start with, based on Lender out of The united states

Inside , immediately following many, of a lot phone calls and conversations with Bank off America, We had the fresh new arduous procedure of delivering means once setting, and request shortly after ridiculous demand of Bank off The united states having piles of data regarding the app to have a third home loan amendment. It was becoming visible to me one Bank regarding America is never ever probably modify my personal loan and i you will extremely dump the house, in addition to be concerned for the try bringing it’s cost on the me personally. The things i don’t see try why Lender from America would do something. I had over exactly what I found myself instructed to do, but it appeared like it actually was never ever gonna be enough.

Several months later on I gotten an observe that my personal domestic carry out feel gonna sheriff s marketing toward . On the July 16th, I visited the new sheriff’s office and you can gave all of them a cost to help you postpone this new purchases. During the 3:31 one to same afternoon, We gotten a trip about sheriff s office, informing me that we you certainly will already been and choose in the glance at that i got paid for the fresh postponement, while the Bank away from America terminated brand new purchases, because of an unfinished FHFA certification. During the 6:31 p.meters., on the same go out, I acquired a trip regarding Rayne Lynn Sykes’ secretary. Rayne Lynn Sykes is the Lender of The usa representative which had already been helping me personally for the modification. Their particular secretary explained that i would-be pleased to listen to which they terminated brand new product sales out of my house, as underwriter was getting the loan together. We arrive at end up being relieved however, had been concerned. Remarkably, another day to own sheriff’s sales came and you will continued , and once again a separate postponement of the Lender regarding The united states. I do want to make it clear these postponements by Lender out-of The united states just weren’t produced back at my part and any sympathy to their part for me, but on account of diminished documents and you can proceeding activities to their part.

After that telephone call, I did not listen to out-of Lender out of The usa until , after they said one a buddies named BSI will be the fresh servicer of your own loan. Shortly afterwards I was offered documentation in the sheriff s place of work giving me personally yet another day out-of , into the business of the property. At this point I just did not know very well what to think, since all of the with each other Bank off America got misled me personally on the considering that we couldn’t dump my personal house and this the latest amendment would take place.

Towards the , I went to brand new sheriff s work environment once again to delay the latest deals and was able to score good postponement and another type of big date regarding . Just like the ideal by the sheriff s place of work, I returned at 8:29 good.yards. to the morning of to submit and pay money for my personal second (official) postponement. Agencies in the sheriff s work environment explained to mention into the on step one:00 p.yards. and check to see the brand new standing of one’s income. They told me you to definitely Lender away from America once more delay the brand new sales and that i carry out score my see as well as not charged toward second postponement. Ironically, around once, We obtained an authorized page off BSI, stating that you will find assist personally and still time for you get that loan amendment.

Pressure and you will nervousness from this is truly affecting my health insurance and my family. Im fifty inside the April, and you will We have elevated my personal about three boys without any help since they was basically you to definitely, about three and you may seven years old. From inside the 2012, We visited Louisiana discover my personal grandson of foster proper care and you will give your back at my family. My personal grandson Logan is actually severely handicapped and i is the sole person who is prepared to undertake the burden of their care and attention. Logan ‘s the white out of living therefore alive big date by-day unsure what is upcoming second otherwise if we shall getting homeless tomorrow. Generally, I believe particularly I’m a victim out-of a deceptive financial. I can not be placed out in the cold with this child. We thank you for one help that you may possibly extend in order to myself on this number. Ms. Kim Shibles