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This economy has taught me a valuable lesson
I was unemployed for nine months and couldn’t afford my mortgage payments.
I’m employed again at a 30 percent reduction in pay, and Bank of America approved a loan modification.
However, they wouldn’t negotiate the second mortgage — which they own, too.
I asked BofA to bundle the loans with a payment I can afford, but they declined, since different investors were involved.
After my Chapter 7 bankruptcy, they attached a foreclosure letter to my home on Friday the 13th.
A few days later, I received multiple FedEx copies.
I guess BofA thought it worthwhile to pay someone to drop off a copy early for effect.
The letter, strangely enough, shows Country Wide as the owner.
Only my name was correct.
Later, the letter claims government files were updated in 2010.
However, BofA bought my loan three years ago.
I guess the balance sheet looks better when paying filing fees at the last minute.
I’m moving on.
BofA can have my home. I’m saying goodbye to $250,000 in mostly interest payments to move into an apartment I can afford while trading yard work for a hot tub.
Since our world values money over law and life, it’s comforting to know we can still choose the right attitude.