the Bad Sleep Well (loss "mitigation")

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	the Bad Sleep Well (loss "mitigation")

fudomyoo

11-4-2009 10:51 AM

107 views

tags:

foreclosure, bank of america, loan modification, loss mitigation

fudomyoo says:

the title of an old Japanese movie, in case you were wondering how anyone at Bank of America could sleep at night. Thousands of loans where both the lender and the borrower could have been helped by modification end up in foreclosure anyway. Ever wonder why?

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/547182da-91b6-4cfe-aee7-0ab7f5bf4963/C814E0AB-5D57-4C85-90F3-7DC8BC251C96/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://open.salon.com/blog/dailyforeclosure/2009/11/03/foreclosure_staring_down_the_barrel_of_a_loan_mod_ray_gun" href="http://open.salon.com/blog/dailyforeclosure/2009/11/03/foreclosure_staring_down_the_barrel_of_a_loan_mod_ray_gun" style="font-size: 11px;">open.salon.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://open.salon.com/blog/dailyforeclosure/2009/11/03/foreclosure_staring_down_the_barrel_of_a_loan_mod_ray_gun">“According to my records there were no attempts by Bank of America to reach me,” I assert.<SPAN>  </SPAN>He tells me according to his records I’m incorrect so I ask for specific dates and times of these alleged attempts to reach me.<SPAN>  </SPAN>“We don’t keep a log of those,” he responds</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://open.salon.com/blog/dailyforeclosure/2009/11/03/foreclosure_staring_down_the_barrel_of_a_loan_mod_ray_gun">I could go around in circles all day with this guy bending his absence of critical thoughts into origami baseball bats and beating him senseless with them but I see no point.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://open.salon.com/blog/dailyforeclosure/2009/11/03/foreclosure_staring_down_the_barrel_of_a_loan_mod_ray_gun"><H2>Foreclosure: Staring Down the Barrel of a Loan Mod Ray Gun</H2></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/C814E0AB-5D57-4C85-90F3-7DC8BC251C96/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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