Posted on: 06th Aug, 2009 04:29 pm
i live in alabama and i am currently 4 mortgage pmts behind. i have poor credit as well due to that and slow pays in the past. i have done all the paperwork and hardship letters and calling and still can't get bank of america to approve me....now going on 7 months they tell me they are still considering a program for me...meanwhile i am getting further behind...my payments are too high because my interest rate has shot up to 10.25%....i contacted our senators office too but no luck yet. i was told today obama passed a law that states mortgage companies must either approve a remod or refinance. does anyone know if this is true and how to look it up?
I do not believe that is true. I also do not believe that your senator will do anything for you.