Sunday, August 21, 2011

#Bank Of America Cheats The 'Elderly?

A 70-year-old woman and her terminally ill husband face losing their home because she paid her mortgage a week early.

Sharon Bullington, of New Port Richey, Florida, says that Bank of America has filed to foreclose on her and husband, James, 78.

Mrs Bullington said: 'It's like death to me. My husband is bedridden. It's almost more than I can bear.'

'In accordance with the Trial Payment Letter dated December 15, 2010, it indicates that if you are not able to make each payment in the month in which it is due, you will not be eligible for a modification under the Home Affordable Modification Program,' the letter said.

Miss Olivera told Bullington she could avoid a foreclosure by selling the home in a short sale or by signing it over to the bank.

The letter said the bank values Bullington's business and strives to provide exceptional customer service.

'I understand that you may be disappointed with our final resolution and appreciate the opportunity to clarify this matter,' Miss Olivera wrote.

'While this may not be the response you were hoping for, I trust I have addressed your concerns.'

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