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Tag Archives: bank of america

Banks Ask Homeowners Facing Foreclosure to Waive Rights

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ProPublica This story was co-published with Slate. A few months ago, Bank of America offered Sergio Cortez of Staten Island, N.Y., the help he desperately needed to stay in his home: a break on his mortgage. Like millions of others, he was facing foreclosure. But there was a catch buried in the fine print. Cortez had to waive any possibility ... Read More »

    Bank of America Debt Settlement Statement of Compliance

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    It appears that the Bank of America debt settlement statement companies must sign may pose a problem to certain legal model debt settlement companies. The first page says that Bank of America will only work with law firms that have provided in-person and direct face-to-face meetings. That’s just not happening. And in many case it’s with a notary or other ... Read More »

      Who Should I Apply With for Help With My Bank of America Mortgage? – Stephanie

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      “Dear Steve, I am a single mother, 30yr fixed mortgage @ 5.375% =$910 Co-borrower: mother Remaining term: 28yrs, 10 months Association Dues=$110 (plus an additional $350 was due by this year’s end! and is finally paid off) Far too much credit card debt for my comfort=$3,500 total Student Loans=$60/mo Auto=$235/mo. Still owe appx $7,000 Utilities, taxes, health insurance, etc… My ... Read More »

        My DMP Isn’t Going Well. What Are My Options? – Karen

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        “Dear Steve, I have been on a DMP with Hess Kennedy/First Consumer Debt Consolidation for about 3 years. Debt started around 70 k and is now about 20k. I am looking to get them out of the picture (creditors didn’t receive last month’s payment- a whole other story.) All of my creditors except one, Bank of America, are willing to ... Read More »

          Should I Get a Forensic Audit? The Owner Shot His Wife In The Head. – Brenda

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          “Dear Steve, Purchased a lot in Waverly Georgia called Bridge Pointe at Jekyll Island on 12/2007 from Land Resources for $509,000. Loan for $446,000. Interest only payment $2,600 mth. Current property value less than 40,000. Property never appraised at $509,000 but Bank of America wrote a justification for loan based on future amenities and infrastructure promised by Land Resources. I ... Read More »

            What Are My Options For Getting Bank of America to Lower my 27.99% Credit Card Interest Rate? – Chris

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            “Dear Steve, My situation concerns Bank of America. Last november BoA lowered my limit from 16000 to 15000. at the time my balance was around 14700. When my minimum payment hit me it sent me over my new limit and defaulted me and I was charged with a 27.99% interest rate. The extra interest fees i was paying sucked up ... Read More »

              Are Lloyd Ward and Associates Truthful? – Mitchel

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              owe over 22000.00 on 2 credit cards to Bank of America. have talked to Lloyed Ward and Ass. are they truthful and can them be trusted.Heard a lot of bad stories about this type of thing. Don’t want to lose every thing I do have because some company takes the money and runs. Bankrupty isn’t and option. What can be ... Read More »

                Biggest Banks Nailed by Foreclosure Paperwork Problems

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                by Marian Wang, ProPublica Three of the nation’s largest mortgage servicers have halted foreclosures as scrutiny increases over whether they verify the required paperwork. Several other servicers have also been faulted for foreclosure affidavits that were signed without much authentication, but they have not yet halted foreclosures. Last week, we noted that the discovery of “robo-signers” — employees who signed ... Read More »

                  I Have Accounts With AMEX and B of A That Are About to go to Collections. – Edward

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                  Edward “Dear Steve, I am not a great storyteller so here is my situation- I have three accts with AMEX that are charged off and are about to go to collections total is about $8,000 I have credit acct with BoA that is charged off to the tune of $5,000, I don’t know what to do. I lost my job ... Read More »

                    Jairo Wants to Stop Paying His Bank of America Clean Sweep Debt Consolidation Loan

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                    Jairo “Dear Steve, I opened that Bank of America Clean Sweep six months ago and I keep paying every month a little more than the minimum but the amount is almost the same and they reduce my credit card from $7000 to $500. My wife’s job is giving her less hours every month and she is the head of household, ... Read More »

                      I Would Like to Consolidate My Debt, However I’m Having a Difficult Time Finding Someone Who Will – Laurie

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                      “Dear Steve, I am current of all of my debt. Do not have any past due debt. I do have about 25,000 in credit card debt and would like to consolidate, however am having a difficult time finding someone. Also, my main problem is that I have a Bank of America card fo 12,000 that they just raised my interest ... Read More »

                        I Am Married With Five Children and Struggling to Get By. Ken

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                        “Dear Steve, I was self/unemployed after a layoff for about 3 years, until about a year ago. I had about $60K of home equity, but accumulated about $80K in credit card debt (I had no debt going into the period). We live very frugally, with hand me downs, Goodwil,l and 200K+ mile minivans. In the current economy my home equity ... Read More »

                          Worst Banks for Loan Modifications

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                          Here is a list of the banks with the worst record for canceling loan modification requests. PNC Mortgage – 47.2% Aurora Loan Service – 46.8% CitiMortgage – 42.1% Saxon Mortgage Services – 40.8% Select Portfolio Servicing – 38.6% Wells Fargo Bank – 35.1% Worst banks for expired trial loan modifications without an answer. JPMorgan Chase – 45.3% Bank of America ... Read More »

                            I Called Bank of America About My Reduced Credit Limit. They Reduced it More. – Charles

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                            Charles “Dear Steve, Bank of America has lowered my credit line from 23000 to 16 and when I called to complain the dropped it down to the current level of 13500. I use my card in business and know they have the right to do this but what about the negative effect on my credit score. I always paid them ... Read More »

                              I Want Bank of America to Leave My Interest Rates Alone. – Debbie

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                              “Dear Steve, I have overextended on my home equity line my condo is not worth the money now. I have been working overtime as much as possible to keep paying bills I borrowed 10,000 from my 401k to cover some of the debt and 5,000 each from 2 friends of mind now the interest rate has just dropped over the ... Read More »

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