I want to avoid foreclosure
October 20, 2009
We are in foreclosure - we were just turned down for a loan modification. We have talked to credit counselors twice. Our original loan was with Taylor,Bean and Whitaker who went out of business while they were supposed to be in the process of a loan modification for us then our paperwork was handed over to Bank of America. I want to avoid foreclosure.
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That's tough. I know from experience that Bank of America is one of the most difficult lenders to modify with. It's a hope and a prayer with them. The only thing you can do now is sue bank of america in court if you find the loan was fraudulent to begin with, or if you were a vitum of predatory lending when you got the loan. You can find out with a thourogh forensic loan audit if that was the case and that will identify the violations which took place and give an attorney all the ammo they need to take them to court and win.






