It's no surprise that Bank of America has been taking advantage of homeowners for years. Now that we past the halfway mark of 2013, let's look at a few Bank of America loan modification problems that have come to light this year.
To celebrate our 5 year anniversary, we ran a contest in the office. Employees were invited to submit a poem, story, song or picture. Here are our winners!
Winner: Ruth Gross
There was a nice woman
Who lived in a shoe,
She had so many bills,
She didn't know what to do.
She went to Amerihope
With her fears and her dreams,
And with a smile and some work,
They saved her home that sat by a stream.
Her family is now happy
And is able to cope.
She said, "Thank you Lord,
For sending me to Amerihope"
She then kissed all her children
And made sure they were fed
And when they were done,
She tucked them all in bed.
Runner Up: Joe Mizzell
Amerihope Mod Song
Beginning in 2008, a record number of homeowners had trouble paying their mortgage payments, thanks to the subprime mortgage crisis. As a result, a record number of homes went into foreclosure.
David Ramos' mission is to help save people from that plight. Mr. Ramos, who has worked with home mortgages for over 15 years, started helping people modify their home loans 5 years ago, and hasn't stopped since. With over 5,000 mortgage modifications under his belt, Mr. Ramos is recognized as one of the world's foremost experts in home loan modification, and he continues to help people save their homes as Operations Manager at Amerihope Alliance Legal Services, a law firm that concentrates on foreclosure defense.
Today, I sat down with David Ramos to discuss the drastic changes in home loan modifications over the last 5 years.
Interviewer: Before the mortgage crisis, did loan modifications even exist?
