Recently a Jacksonville Foreclosure Defense Lawyer read a story about a California doctor who has gotten to see the Bank of America modification and foreclosure processes up close and personal. In a story not unlike ones that many struggling homeowners have faced, the homeowner applied for and was granted a three month trial modification. After making his three scheduled modification payments, Bank of America then denied the homeowner a permanent modification and the homeowner resigned himself to losing his house to foreclosure.
However, just a few weeks later, the homeowner received a notice from Bank of American encouraging him to apply for a second mortgage modification. The homeowner again applied and was approved for a modification. This time he hired a foreclosure attorney to aid him in convincing Bank of America to make his modification permanent. After completing his second trial modification, he was finally sent a permanent modification packet from Bank of America with one arbitrary caveat, the packet must be signed and notarized by a California notary within 10 days.
This presented a problem for the homeowner as he was temporarily teaching at a university in Louisiana and therefore could not get a California notary to notarize his signature. When he called Bank of America to inquire into whether or not a Louisiana notary could notarize his signature he was told "no" and was instructed to send the paperwork in un-notarized. After Bank of America received and reviewed the paperwork, the homeowner was informed his permanent modification was denied because his paperwork was incomplete because his signature was not notarized, which is precisely what Bank of America told him to do!!
The lawyer for the homeowner contacted Bank of America and urged them to change their decision and the bank relented...but he still had to have his signature notarized by a California notary. So, the homeowner had to jump on a plane, fly back to California, have his signature notarized and submit the paperwork to Bank of America. After all that what does Bank of America do...deny his permanent modification again, this time for submitted the complete paperwork six days late...after the 10 day time limit for submitting the original paperwork.
While this is an extreme example of some of the issues with mortgage modifications, many people who have attempted to get their mortgage modified have experienced at least some of the issue this homeowner faced. If you are facing a Florida Foreclosure Lawsuit, contact Jacksonville Foreclosure Lawyer or a Florida Foreclosure Defense Lawyer today for a complimentary consultation to determine what foreclosure options may be available to you.
