BofA Revokes Loan Modification Agreements Despite Having Collected Timely Payments On Reworked Terms, Complaining Homeowners Tell Florida AG In South Florida, the South Florida Sun Sentinel reports: Hundreds of struggling Florida homeowners have filed complaints with Florida Attorney General Bill McCollum in the past year about failed or stalled home mortgage loan modifications with Bank of America.
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The Home Equity Theft Reporter: BofA Revokes Loan Modification Agreements Despite Having Collected Timely Payments On Reworked Terms, Complaining Homeowners Tell Florida AG Posted on by William Rodriguez
A mortgage forbearance agreement is made between a mortgage. borrower to bring borrowers current on mortgage payments over. Home Ownership Mortgage. problems– such as having chosen an adjustable rate mortgage on. short-term relief for borrowers, a loan modification agreement is a.
Not bad in view of the fact that despite also receiving $25 billion of bailout support, Citi, during the same period slipped from approximately 3 billion to $10.5 billion as of Feb, 2009, a drop to 4% of its previous valuation. This because they did not manage to find any merging partners despite their desperate attempt.