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Charles and Roberta Ferraris are trying to do the right thing — to pay their debts and meet their obligations like they were taught by their parents.
Money’s been tight since Charles got laid off from his casino job and Roberta had her hours cut at a local accounting firm. They’ve both found other work, but the loss of income set them behind on $2,100 monthly mortgage payments.
A second foreclosure notice was recently posted on their door, and now they’re worried about being tossed onto the streets.
They’ve been battling with Bank of America for a loan modification since December 2008, seeking a reduction in mortgage principal. Roberta Ferraris was told the best the bank could do was lower the interest rate.
“I called and talked to people and cried and finally they postponed the foreclosure sale,” Ferraris said at her home in the master-planned Providence community. “We’re pretty frustrated with the whole process. They’re just making it impossible. It seems no matter what we do or where we turn, we can’t get any help on this.”
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