BofA's Failure To Promptly Post $53K Payment Leaves Homeowner Facing Imminent Foreclosure Hanging In The Wind; Media Help Needed To Cancel Sale

In Campbell, California, KGO-TV Channel 7 reports:

• A homeowner days away from foreclosure thought he had finally dug himself out of trouble, but that's not what happened, at least until he called 7 On Your Side. Nicholas Hatt is enjoying a rare moment of quiet after months of not knowing if he would lose his home.

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• His grandfather offered to loan him $53,000 to get his mortgage current, but giving that money to Bank of America proved difficult. "They told me until they received the money, they would have the foreclosure date set for Monday, and this was a Friday and I'm asking for the money to be transferred from one account to the other. They told me I had to mail it," says Hatt.

• He showed 7 On Your Side a copy of the cashier's check and a tracking confirmation showing Bank of America received his check, but days went by without the payment being posted - not knowing if he would lose his home. "At that point, I just kept calling. I kept calling every day. They didn't post anything," says Hatt.

• After two weeks, his anxiety had become unbearable. He turned to 7 On Your Side for help. We called Bank of America and within two days, the funds were posted to his account and Nicholas' home came out of foreclosure.

For the story, see Homeowner avoids foreclosure with last minute payment.