Bank of America Mortgage Complaint

FHA mortgage Loan modification,collection,foreclosure

Bank of America Mortgage department,

FHA mortgage Loan modification,collection,foreclosure Guam

My - - spouse and I purchased a home from family in - -. We were sadly over charged after a second, pricier appraisal. Also, our mortgage lender, - - - -, was seized and closed by the federal government. Bank of America assumed our mortgage. Since - - the insurances and taxes in our area have soared. Many homes around us did not rebuild and still are boarded up. Because of this we owe more than the home is worth. We - - to - in - -. We have been lucky to have renters until now. We are having trouble finding tenants and/or selling the home without losing so much money. Could you please help me understand our options at this point. We lose money every month on this home and it is very stressful. Next month I will start paying house notes out of our own pocket if we can not find a tenant. We would love to sell the home. I attended a Roundtable event with - - - last -. I remember her mentioning a type of forgiveness if the home was a short sell due to military moves. Please advise.

Bank of America customer in Guam
Mar 25, 2016

* Source: CFPB Complaint Database

Bank of America response to complaint:
Closed with explanation

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Contact Bank of America

https://www.bankofamerica.com/
(704) 386-5681
100 N Tryon St Ste 220
Charlotte NC 28202
Bank of America
Bank of America

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