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News for Real Estate Investors and Landlords — delayed modification

More: Bank of America Delayed Loan Modifications

Posted by 15789465 on

This is an update to my earlier post on this topic.  I spoke with the Attorney General's Office for the State of Alabama regarding problems with Bank of America refusing to convert trial payment loan modifications to permanent modifications.  Others are being told the bank will not honor original loan modification agreements but, instead, wants higher payments and higher interest rates. The Attorney General's office told me that people still having to deal with those issues should file complaints with one or all of the following: If you are a resident of Alabama, or the property is in Alabama, contact...

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