We acquired financing from Countrywide that will be today Bank of America. It had been initially a deceptive mortgage and we altered in March with Countrywide. As we changed to BofA possession, we wished for greater support along with a receptive group to the questions. But that's not occurred. Because it works out, we were informed the organization is one and also the same. Fresh possession doesn't imply greater administration or fair remedy.
We're fighting to maintain our home and need to work well with the financial institution. All we get are people in India. Recently we talked with BofA about our mortgage and also the mortgage preservation affiliate was in India without any energy. They study programs, place you on-hold and not truly alter the loans. Following the large bailout, the deceptive loans for example mine continues to be smoking and mirrors. Lower the rate of interest but proceed to pay for on a pursuit only mortgage. To create monthly premiums feasible, reduce the curiosity and include the total amount because of the back-end of the mortgage. Smoking and mirrors. That's whatever you get.
With each Countrywide and BofA entrepreneurs possibly in big trouble or ousted, how is just a customer designed to manage their obligations in a sensible method?
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