Comments on: Bank of America and Countrywide Home Loans Sued by United Law Group

By: Peter Collins

Peter Collins — Sun, 10 May 2009 17:54:10 +0000

it’s sad that we must resort to such measures to get true justice for homeowners

By: Jennifer

Jennifer — Sat, 09 May 2009 04:52:25 +0000

This is apalling and I agree with April- where can we go to complain?
I have received the same conflicting information. Countrywide said it has no procedures or guidelines in placefor the loan modifications. I don’t get it. Bank of America has received billions from the American taxpayer and it is the same old story with these guys. This is more than outrageous.

By: Shaun

Shaun — Fri, 01 May 2009 18:09:30 +0000

Why pay thousands for someone to do this for you when you can get live support 7 days a week and everything you need to get the modification done at home? Most people are getting the run around because they did not provide the right information and know how to propose a modification that makes sense to the borrower and the lender. This is clearly the best value and it takes the guessing game out of your modification status. Go to: http://www.financialaidamerica.com

By: jdblf in WA State

jdblf in WA State — Wed, 29 Apr 2009 20:11:29 +0000

As someone who has been trying for 7 months to get help from CW/BofA it looks to me like United Law Group has been treated exactly like any other customer. I have been repeatedly given vague answers to my questions, been given the run-around, been disconnected, and outright lied to. I have been told something different by virtually every single person to whom I have spoken. (I have spoken to them at least 11 times) And I STILL have not gotten any help. Can I sue them too?

By: APRIL

APRIL — Wed, 29 Apr 2009 15:57:23 +0000

THESE PRACTICES ARE VERY MANIPULATIVE ON THE PART OF BANK OF AMERICA. THEY ARE NOT FOLLOWING THE GUIDLINES SET FORTH IN THE STIMULUS PACKAGE. I AM CLEARLY ELIGIBLE FOR A LOAN MODIFICATION ACCORDING TO THOSE GUIDELINES POSTED ON http://WWW.MAKINGHOMEAFFORDABLE.GOV. HOWEVER, I WAS TOLD BY BANK OF AMERICA REPRESENTATIVES THAT I COULD ONLY APPLY FOR A REFINANCE WITH A $5,000. CLOSING COST FEE AND A MONTHLY SAVINGS OF $76.00. ACCORDING TO BANK OF AMERICA, I DO NOT QUALIFY FOR A LOAN MODIFICATION BECAUSE I HAVE BEEN PAYING MY MORTGAGE ON TIME! THE FACT THAT I HAVE A MORTGAGE TO INCOME RATIO OF OVER 50% (NOT THE TARGETED 31% IN THE GOVERNMENT LOAN MOD. PROGRAM) AND A MORTGAGE BALANCE WHICH IS SIGNIFICANTLY HIGHER THAN WHAT MY HOME IS WORTH. I AM CLEARLY AT RISK FOR DELINQUENCY AND POSSIBLE FORECLOSURE. IT IS MY IMPRESSION THAT SINCE BANK OF AMERICA IS PARTICIPATING IN THIS GOVERNMENT PROGRAM, IT IS CONTRACTED TO MAKE THE LOAN MODIFICATIONS AS OUTLINED IN THE BILL??? IS THERE A WATCHDOG GROUP ACCEPTING THESE TYPE OF COMPLAINTS? IS ANYBODY WATCHING AND MONITORING THIS COMPANY OR OTHER LIKE IT? THANK YOU.

By: Lee McDaniel

Lee McDaniel — Tue, 28 Apr 2009 23:13:40 +0000

It’s a mess out there.The consumer is the one who pays for all this. It’s sad, really. Everyone should be in the business of helping these homeowners avoid default & foreclosure, because it’s in the best interest of everyone involved, including banks, lenders, neighbors, taxpayers, and shareholders.