With hundreds of Floridians filing complaints about troubles with their lenders over home mortgages, state and federal officials say they’re ramping up efforts to improve the process for borrowers who need a loan modification.
Florida Attorney General Bill McCollum’s office said it is spending $4 million over two years to fund free legal services to homeowners facing foreclosure. The money comes from a legal settlement with lender Countrywide Financial, which is now a part of Bank of America.
Bank of America, one of Florida’s largest lenders, has more complaints about stalled loan modification deals than any other servicer, according to figures from McCollum’s office.
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I have sent a hardship letter,and have done a 3 month trial payback, they(Wells Fargo morgage) has not followed through and when they did the first modification they put all the back fee’s ,interest,attorney fee’s,late charges and foreclosure charges on the back side of the loan, making the amount more then the actual price of the home.What do I do I have been sending at least the principal amount but they will not work with me, gain because now my husband is out of work and they say they only do one time mod’s and we had our chance. I new nothing about all the modification then.