6 replies to this topic

[coverexile]

Hi, new here albeit my situation is probably not unique. Hopefully I can get some insight and good advice on my dilemma.

Brief history. 2.5 years ago my business failed and I started spiraling downhill. I fell way behind on my mortgage with Countrywide,now
BOA of course. In 8/2010 my house was in foreclosure with a sale date. I filed for BK in 09/2010. This of course gave me a stay of relief.
I never got the discharge as a AP was filed on us but in order to get the AP lifted we had to waive our right for a discharge. But anyway,
since Oct/Nov.2011 I have been speaking on a regular basis with our Account Manager with BOA in regard to a loan modification.

I recently spoke with our AM a few days ago and was informed our income went through verification and they are in the process of working
on a trial mod.to a permanent mod. She mentioned a "silent second" was also a possible option to bring the past due current. So I'm feeling
good and excited that I'm taking my family to Disney World next week! I'm feeling positive on everything now. Have a new car,good job,spouse
and I, and working on this loan modification.

BUT--- I get a solicitation letter from a foreclosure chasing attorney firm out of state offering their services to hold off foreclosure and work on
a loan mod! This intrigued,and concerned me so I checked the local attorney website that handles most of the foreclosures around her and
lo and behold there it was, my house listed with a sale date! My heart of course sunk.

So, what do I do now?? I plan to call my account manager tomorrow and see where exactly where we are. If we get a loan modification then
does this halt the foreclosure sale?

Any and all advice greatly welcomed. Thank you for taking the time to read this.

[jmw1212]

Go here: http://www.occ.treas...complaints.html
and file a complaint asap. Be sure ot include all the people you have spoke to and what they told you.
PS: what does AP mean?

Hi, new here albeit my situation is probably not unique. Hopefully I can get some insight and good advice on my dilemma.

Brief history. 2.5 years ago my business failed and I started spiraling downhill. I fell way behind on my mortgage with Countrywide,now
BOA of course. In 8/2010 my house was in foreclosure with a sale date. I filed for BK in 09/2010. This of course gave me a stay of relief.
I never got the discharge as a AP was filed on us but in order to get the AP lifted we had to waive our right for a discharge. But anyway,
since Oct/Nov.2011 I have been speaking on a regular basis with our Account Manager with BOA in regard to a loan modification.

I recently spoke with our AM a few days ago and was informed our income went through verification and they are in the process of working
on a trial mod.to a permanent mod. She mentioned a "silent second" was also a possible option to bring the past due current. So I'm feeling
good and excited that I'm taking my family to Disney World next week! I'm feeling positive on everything now. Have a new car,good job,spouse
and I, and working on this loan modification.

BUT--- I get a solicitation letter from a foreclosure chasing attorney firm out of state offering their services to hold off foreclosure and work on
a loan mod! This intrigued,and concerned me so I checked the local attorney website that handles most of the foreclosures around her and
lo and behold there it was, my house listed with a sale date! My heart of course sunk.

So, what do I do now?? I plan to call my account manager tomorrow and see where exactly where we are. If we get a loan modification then
does this halt the foreclosure sale?

Any and all advice greatly welcomed. Thank you for taking the time to read this.

[tiggerlgh]

Hi, new here albeit my situation is probably not unique. Hopefully I can get some insight and good advice on my dilemma.

Brief history. 2.5 years ago my business failed and I started spiraling downhill. I fell way behind on my mortgage with Countrywide,now
BOA of course. In 8/2010 my house was in foreclosure with a sale date. I filed for BK in 09/2010. This of course gave me a stay of relief.
I never got the discharge as a AP was filed on us but in order to get the AP lifted we had to waive our right for a discharge. But anyway,
since Oct/Nov.2011 I have been speaking on a regular basis with our Account Manager with BOA in regard to a loan modification.

I recently spoke with our AM a few days ago and was informed our income went through verification and they are in the process of working
on a trial mod.to a permanent mod. She mentioned a "silent second" was also a possible option to bring the past due current. So I'm feeling
good and excited that I'm taking my family to Disney World next week! I'm feeling positive on everything now. Have a new car,good job,spouse
and I, and working on this loan modification.

BUT--- I get a solicitation letter from a foreclosure chasing attorney firm out of state offering their services to hold off foreclosure and work on
a loan mod! This intrigued,and concerned me so I checked the local attorney website that handles most of the foreclosures around her and
lo and behold there it was, my house listed with a sale date! My heart of course sunk.

So, what do I do now?? I plan to call my account manager tomorrow and see where exactly where we are. If we get a loan modification then
does this halt the foreclosure sale?

Any and all advice greatly welcomed. Thank you for taking the time to read this.

This is called dual track. Yes, if you get the mod it will stop the foreclosure. Because you are so delinquent they have also put you into FCL, however a modification will stop that from progressing. Good Luck!

[coverexile]

Thanks so much for your response. AP means "Adverse Proceeding" in our BK case. My attorney unfortunately was worth less
and the Trustee accused us of hiding things. I had nothing to hide and honestly can't believe how incompetent our attorney was.
I take blame for my mistakes and own up to them, but I hired a "professional" and anticipated a good job. Oh well nothing I can
do about it now.

Go here: http://www.occ.treas...complaints.html
and file a complaint asap. Be sure ot include all the people you have spoke to and what they told you.
PS: what does AP mean?

Hi, new here albeit my situation is probably not unique. Hopefully I can get some insight and good advice on my dilemma.

Brief history. 2.5 years ago my business failed and I started spiraling downhill. I fell way behind on my mortgage with Countrywide,now
BOA of course. In 8/2010 my house was in foreclosure with a sale date. I filed for BK in 09/2010. This of course gave me a stay of relief.
I never got the discharge as a AP was filed on us but in order to get the AP lifted we had to waive our right for a discharge. But anyway,
since Oct/Nov.2011 I have been speaking on a regular basis with our Account Manager with BOA in regard to a loan modification.

I recently spoke with our AM a few days ago and was informed our income went through verification and they are in the process of working
on a trial mod.to a permanent mod. She mentioned a "silent second" was also a possible option to bring the past due current. So I'm feeling
good and excited that I'm taking my family to Disney World next week! I'm feeling positive on everything now. Have a new car,good job,spouse
and I, and working on this loan modification.

BUT--- I get a solicitation letter from a foreclosure chasing attorney firm out of state offering their services to hold off foreclosure and work on
a loan mod! This intrigued,and concerned me so I checked the local attorney website that handles most of the foreclosures around her and
lo and behold there it was, my house listed with a sale date! My heart of course sunk.

So, what do I do now?? I plan to call my account manager tomorrow and see where exactly where we are. If we get a loan modification then
does this halt the foreclosure sale?

Any and all advice greatly welcomed. Thank you for taking the time to read this.

[coverexile]

Hi, new here albeit my situation is probably not unique. Hopefully I can get some insight and good advice on my dilemma.

Brief history. 2.5 years ago my business failed and I started spiraling downhill. I fell way behind on my mortgage with Countrywide,now
BOA of course. In 8/2010 my house was in foreclosure with a sale date. I filed for BK in 09/2010. This of course gave me a stay of relief.
I never got the discharge as a AP was filed on us but in order to get the AP lifted we had to waive our right for a discharge. But anyway,
since Oct/Nov.2011 I have been speaking on a regular basis with our Account Manager with BOA in regard to a loan modification.

I recently spoke with our AM a few days ago and was informed our income went through verification and they are in the process of working
on a trial mod.to a permanent mod. She mentioned a "silent second" was also a possible option to bring the past due current. So I'm feeling
good and excited that I'm taking my family to Disney World next week! I'm feeling positive on everything now. Have a new car,good job,spouse
and I, and working on this loan modification.

BUT--- I get a solicitation letter from a foreclosure chasing attorney firm out of state offering their services to hold off foreclosure and work on
a loan mod! This intrigued,and concerned me so I checked the local attorney website that handles most of the foreclosures around her and
lo and behold there it was, my house listed with a sale date! My heart of course sunk.

So, what do I do now?? I plan to call my account manager tomorrow and see where exactly where we are. If we get a loan modification then
does this halt the foreclosure sale?

Any and all advice greatly welcomed. Thank you for taking the time to read this.

This is called dual track. Yes, if you get the mod it will stop the foreclosure. Because you are so delinquent they have also put you into FCL, however a modification will stop that from progressing. Good Luck!

Hi- Thanks so much for responding and the insight. May I ask what FCL is? Thanks.

[breeze]

I think FCL = foreclosure.

[coverexile]

I think FCL = foreclosure.

Oops...DUH on my part Thanks!