What can I do to stop the sale with Bank of America?
February 13, 2008
This loan was originally with Countrywide Loans, who was bought out by Bank of America. We fell behind in payments due to medical expenses and being unable to work. We were in the process of working out a payment agreement with Countrywide to catch up, but nothing was ever finalized before Bank of America bought them out. Bank of America stated this needs to be caught up by 02/15/2008 or they will begin foreclosure on 3/04/2008.
Comments
I have a home that I bought 5 years ago and I have the 1st mortgage through Fanie Mae and the second was through Country Wide now bought by Bank Of America. I'm in the process of a modifation with Fanie Mae and that loan is 165000.00 and the second with BOA is 25000.00. Can BOA forclose on the house with only 25000.00 interest and why can't that be part of the modification process?






