Thursday, August 12, 2010

NH Homeowner Gets 60-Day Reprieve From Foreclosure; Bad Media PR May Have Caused BofA To Reconsider Borrower's Requested Loan Mod

In Sandown, New Hampshire, the Eagle Tribune reports:
  • All Victoria Gauvin wants to do is pay her mortgage and stay in her home. But since May, she has called Bank of America repeatedly. Her attorney has called Bank of America repeatedly. Mail has been received by the bank, but has gone unanswered. And though Gauvin said she was just two months behind on her payments, the bank is asking her for more than $86,000. She doesn't have much time left to get any answers or reach any agreements: The foreclosure date on the notice she received in May is Aug. 5.

For more, see Sandown mother faces foreclosure Thursday.

For story update, see Sandown woman gets 60-day reprieve on foreclosure:

  • Bank of America has postponed — for 60 days — foreclosure on her home of 14 years. Gauvin said she is talking to a bank representative about changing the terms of her mortgage. [...] On Tuesday, the bank assigned an employee to her case. Prior to that, numerous calls from Gauvin and her lawyer to the bank had gone without a response from anyone familiar with her case, compounding Gauvin's frustration as foreclosure loomed closer.

  • On Tuesday, a Bank of America customer service representative called four times, Gauvin said. "It's a step in the right direction," said attorney Christopher Perry, who is representing Gauvin for free. Gauvin has a 60-day postponement while the bank reviews her file, Perry said. He said he thinks bad publicity motivated the bank's actions.

Thanks to Mike Dillon of GetDShirtz.com for the heads-up on the stories.