But how did it come to this? Bank of America took a $45-billion bailout from taxpayers when it got into financial trouble. Why couldn’t the bank have shown Rodriguez — a widow whose life was already a trial — the same courtesy when she got squeezed? […]
Bank of America was the only lender that joined a 2009, $1.1-million city pilot program to help homeowners in the North San Fernando Valley obtain loan modifications. But as of February, the bank could find no “eligible borrowers,” city staff reported to the City Council.
Really? REALLY? There’s not a single Bank of America borrower in North Hollywood or Sun Valley deserving of a break?
This decision by the banks to simply sell off properties that people have paid on for years is criminal. My son is in danger of just such a situation. Additionally, he was told he had to miss payments to apply for help…so he did it and now you have to have made all your payments to apply for help. omg! Criminals… it is the thing of which revolutions are made.