I purchased a condo in Utah in 2006 through Countrywide, which was then sold to Bank of America (without any knowledge on my part). I am never been late on a mortgage payment, insurance or taxes. I received a message through Bank of America's "message center" when I paid my August mortgage payment (on June 16) which indicated my insurance was going to expire on 7/1/09. Thinking I might have lost track of the payment of my home owners insurance, I paid it in full through 2. However, this was NOT the insurance Bank of America was referring to. It was, instead, the insurance due from the Home Owners Association. They threatened to place forced placed insurance for the entire complex (almost $10 million dollars) if I did not have the insurance paid in full by 7/1/09. It took more than a week, several phone calls, e-mails, etc. I had to harass my HOA and they had to take the check (for $1200) directly to the insurance agent last night in order for the policy to not expire.
I spoke with my HOA (who was thankfully very understanding and helpful) who indicated they had NEVER heard of a problem like this in the past 35 years and I was the ONLY resident to ever have a problem such as this. Be AWARE of Bank of America trying to foreclose on people in any way possible. They are actively participating in fraudulent and dispiciple behavior and I truly hope karma finds them and gives them what they deserve!
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