Thursday, January 12, 2012

Another Homeowner Needing Home Loan Modification Gets Put Through BofA Wringer

In Phoenix, Arizona, KPHO-TV Channel 5 reports:

  • A Valley man calls it a rude awakening. Potential buyers knocked on this door Tuesday morning, saying his house was up for auction. "It made me angry," said Ryan Huber, homeowner.


  • Huber, who grew up in the home and currently shares it with his mother, said he called the bank to tell them the sale was a mistake – that they received letters from Bank of America saying they had been approved for loan modification. He said the bank representative confirmed it was a mistake, but he's still nervous about how things will shake out.


  • "We've been fighting with Bank of America since about July," said Huber. "Every time, we do what they ask of us, and something else comes up or they change it or reject what we send them, even though it's exactly what they asked for."


  • Huber said the whole ordeal has been stressful and frustrating to the point of tears. "It's not right," said Huber.


  • CBS 5 News reached out to Bank of America Tuesday afternoon after receiving Huber's call. A bank representative emailed, saying, "We are having the report researched, but there has not been adequate time to confirm details of the account for your story. If an unwarranted foreclosure takes place, the sale usually will be rescinded. If this is the case here, the bank will work with the Hubers to rectify the situation quickly."

Source: Man OK'd for home loan modification gets a surprise.

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