A few of you might be aware that, for the last few years, we’ve been trying to get a loan modification. Our story can be found herefor those of you who may have interest in reading about it.
Well, here we are. The final chapter. Hopefully, this will never become an ongoing saga or trilogy. Although, this would NOT make a good trilogy because there is no love triangle or dead people involved.
After all our campaigning online, we were finally hooked up with a gentleman named Rueben. He was our advocate. And let me tell you…he really was. This man WANTED to help us. And, alongside our attorney Ken Gross of Thav Gross which is a firm located in Bingham Farms, MI…our trial loan mod period of 3 months was put into action. By the way, for those of you who live in Michigan and are having troubles with your mortgage company, contact Ken Gross. He’s the bomb ditty. He CAN help. If you aren’t in Michigan, contact HSI Trust http://hsitrust.org/ and ask for Michelle. It’s a pretty awesome non-profit formed to help people who are in the same sort of process we were.
The third and last modification payment was sent in on April 2nd (the 1st was a Sunday). I was a nervous wreck because of all the recent stories I’ve been hearing; a new wave of foreclosures, bigger than the recent one, is being predicted. I figured, based on all of our past dealing with Bank of America, we’d be one of the new statistics. I know, I should have been more optimistic but for this particular thing, positive was outweighed by negative.
I was receiving emails and DM’s from various people telling me not to get my hopes up, that Bank of America will never modify us and that they were just stringing us along to keep me quiet. So, I did what any nervous person would do and I sort of half-believed what I was being told.
In the meantime, my husband and I would walk around our house talking about all the things we’d like to do to update it…slowly, of course. After everything we’d say, we’d end it with an “if”. IF we get modified. IF we don’t lose our home. IF. IF. IF.
We held our breath. Which, we had been used to doing because this whole Bank of America fight has been going on for over 3 years. I could probably swim from one side of Lake Michigan to the other without coming up for air at this point. OK, exaggeration.
We stayed in contact with our advocate from Bank of America. Rueben Dunn. I LOVE THIS MAN.
And today, when I wasn’t even thinking and doing anything other than Smart Savvy Social work, my doorbell rang AND…the stupid dogs were crazily barking. Which…drives me insane.
Fed-Ex delivered a thin little package.
FROM: Bank of America.
I ripped it open. Even though it was addressed to my husband. The whole “what’s yours is mine and what’s mine is mine” law came into play here.
I took the papers out.
It was like I had received a college acceptance letter.
We were approved.
For our PERMANENT LOAN MODIFICATION.
I danced around the house.
I called everyone I knew.
I posted to every social media platform that I’m a member of.
The payment is perfect. The interest rate is TINY. It’s a step program but the highest the interest rate can go is under 4% which…hey, we’ll take it.
We get to keep our house.
Phew. Because the thought of packing up all this crap was daunting.
We are, however, tied to this house. Forever. The loan mod makes it very unattractive to try to get out of it. But that’s ok, we bought this house thinking we’d live here for all eternity. Now we basically have no choice. Whatev.
There is a moral to this story though. And, those of you who know me are well aware that I’m not a back patter on my own account.
I’m patting my own back right now.
Because I REFUSED to be a statistic. And I took action.
Which goes to show you, if I can do it…if I can use my blog and social media platforms as a springboard to save my house…
YOU CAN TOO.
Don’t take no for an answer. Don’t take those bank notices as the final word.
Use all your resources. Ask for favors. Beg people to broadcast on behalf of you. Don’t EVERY SHUT UP. Don’t EVER QUIT. Call attorneys until you find one who is capable of handling your matter. Hit up every blogger and beg for RT’s. If you aren’t a blogger, you are guaranteed to know at least one…(hello, I’m a blogger and you’re reading my blog right now). Talk to the media.
Get your cause out. Tell EVERYONE your story. Someone WILL listen. Someone WILL HELP!
Somehow I was able to start the ball rolling positively in order to save our house. Somehow, Bank of America saw that I wouldn’t let them tell us know.
I feel like we won. Because, it’s been a fight. It has. A long, drawn out battle.
Our corner won.
I mean, maybe it was just dumb luck. Or maybe Bank of America has a certain percentage based on a certain day based on a certain quarter…who knows…
It doesn’t matter.
They let us win.
Either way, we are here to stay.
I want to thank everyone who helped me get our cause noticed…because I feel like that BIG TIME helped.
Thank you to our attorney, Ken Gross.
And…thank you to our dude at Bank of America because he showed that they have a tiny human side over there.
To those of you who are fighting…
Don’t give up! You CAN win too!
I’m so happy for you, PH!!! Nice job in taking matters into your own hands and not giving up. xoxo
Melisa´s last blog post ..No, YOU Got Stuck In That Dress.
Good for you!! so happy that this worked out!!!!
The Loan Mods should be done by a real estate broker period. It is quite simple in California the upfront money goes into a trust. After services are rendered then they get paid. 25% for consultation, 75% when loan mod is complete. I believe it should be 25% initial consultation, 25 loan preparation 50% when loan is complete. I am sorry people an attorney doing a loan mod is an attorney who can’t find any other work. We are the people who talk to the banks. We are the people who are going to get them a short-sale if the loan mod gets rejected. If you want a loan mod use a reliable broker. P.S Reginaldo if you can’t afford your neg am you can’t afford a loan mod, if an attorney says you can well you just lost your retainer fee. Benny
YAY! Good for you for fighting. Not too many people would do that because they don’t realize they have the resources or it is just too intimidating. I’m glad you’ve won.
Gigi´s last blog post ..He’s home. And, apparently, in need of a new toothbrush.
Tara R. says
Fan-freakin-tastic! That is wonderful news.
Tara R.´s last blog post ..Dried up and brittle
So, so, so happy for you! Congratulations!
Melissa´s last blog post ..The Sunday Salon: Oh, Look, I Finished a Book
I’m dancing a jig for you right now! Oops i just spilled coffee on myself 🙂
jen´s last blog post ..when nature calls
Holy cow that is imcredible news. I know some people that need to read this. I was talking to some poor couple the other day and the despair in their eyes was heartbreaking. All I could offer were my feeble prayers but offer I did.
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Nancy (@ Spinning My Plates) says
So happy for you. It’s good to see that the good people can win every once in awhile!
Nancy (@ Spinning My Plates)´s last blog post ..Marching in
I’m so, so, so happy for you guys. Just so happy.
Olevia Drown says
I think the way to fix this is having a mandatory special license that will require that the person applying for it has a previous license, either Real Estate, Mortgage etc, perhaps with a mandatory surety bond, if at the same time they create laws just like the laws that even send you to jail for working without a license, I bet there will be few people that will take a chance of going to jail, that way everyone who is legally license and knows what he/she is doing, will be accountable for their actions and the customers will be protected. As we all know it is imposible that the few lawyers that are working in this business can handle tha volume and we all know there is more to come. I am in South Florida and this problem is just getting out of hand.