BOA Scammmed Me into Default, Who Will Refinance Me with $60,000 Equity

[Melvin Flory]

I became permanently, totally disabled from 26 years of Federal service in January of 2007. Remained current for approximately 1.5 years, middle of 2008. Bank of America/Countrywide told me I had to be 3 months behind in order to qualify for any assistance. I reluctantly did as Countrywide asked and fell behind. Almost immediately CW sent me a letter of intent to accelerate.

- I paid the arrears and made numerous monthly payments, none of which CW/Bank of America would apply to my mortgage therefore keeping me in default.

- After about 8 months of this I stopped paying since the funds were not helping my mortgage situation. That was August of 2009.

- BOA wrote counter checks to themselves against my checking account even though they told me I couldn't make individual payments. They took at least 8 payments, one per month.

- BOA has not fabricated a "payment history" that is clearly not accurate.

I have been dealing with this now for 8 years and need to get this off of my back.

Are there any lenders out there who will refinance my mortgage even though I am in default?

BOA's last payoff was in January 2015 and was $108,000. The value of my home is $170,000 giving me approximately $60,000 in equity.

Can anyone help me find a lender who will provide me with a refinance?

I am on permanent Federal Disability Retirement and can easily afford the monthly payments.

Thanks everyone.

[Wayne Brooks]

With 28,000 of income, you're not going to qualify for any refinancing, based on income alone, let alone any foreclosure related credit issues.  Your best bet is to sell, don't lose your equity, even though you probably don't want to hear that.  Forget all the "illegal" assignments and everything else you hear about, it's mostly propaganda crap, promoted by people with Their own agenda, or just ignorance of the law.  I see homeowners in court all the time, flailing their arms against all the "injustices", as the judge, as required by law, sets their auction date.  Don't go down like that.