Monday, 22 August 2011

Bank of America Files to Foreclose on Elderly Couple for Paying Their Mortgage Early

When James became ill, the couple encountered financial difficulties because of high medical bills.

The couple asked Bank of America to modify the loan.

There was a catch. The couple would have to first officially default on their $1,400-a-month payment. The couple did that and entered into the modification plan, which reduced their payment to $916. Sharon Bullington made the January payment on Dec. 23, and the bank accepted the money, according


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