Who is Recontrust Company,N.A. ? B of A Mortgage

Behind on my Bof A mortgage and now getting letters etc from Recontrust Company ? Anybody know why?
Thanks

ReconTrust Company is a wholly owned subsidiary of BofA that handles mortgages that have been defaulted on. BofA may have assigned your account to ReconTrust to handle collection on your mortgage. You can send a verification letter, just like with a credit card debt, to make sure that ReconTrust has the right to handle this matter.

Has anyone received the loan modifications with in the Attorney Generals settlement with Countrywide Home Loans? BAC Home Loans who bought Countrywide Home Loans in 2008 says they are not bound by the settlement in 2009.

Hello, Sorry for what you are going through. I have been in Modification for a little over a year and been in contact with the bank on a weekly Basis and the sent me certified letters 7 to be exact, foreclosuer papers and they state it on hold, although with the county it is active and no hold has been placed on it. About there programs I have applied for all of them and we do not quailfy for one. Hard to believe since my husband was laid off Feb 09 thru Oct 09, got kidney cancer and out of work 8wks without pay. We still don't qualify and amazingly you call in and your told you don't qualify no documentation except for certain programs, sounds fishy to me. We were Countrywide then BofA took over and ruthless they are.

Been renting a room in a house that I just found out is in default with B of A sine Dec 2009 the owner of the home has not disclosed this to me.. Do I have any recourse or legal rights, or do I just keep paying my rent until the house goes into foreclosure and I am forced to move?

Do you have a lease?

Husband and I just finished a loan modification through CitiMortgage. We went from 6.5% to 4.25%. It took us almost 8 months to complete the process, but now I can sleep at night knowing our house is not going to be foreclosed on.

Was in a trial modification program with bofa then after 11 months, never have missed a payement before, or during trial period, now we are in forclosure with recontrust breathing down our necks. we have been approved by b of a for their modification, then sent the cashiers check had everything notarized, then the Recontrust started up. I don't know what is happening, except it is a high end house, and I feel like they are trying to steal it from us, we have had 700+ credit rating up until they talked us into trying their modified program in October 2009. B of A set the terms for us, we followed them to the penny and this is what we get. It was a CountryWide loan, our misfortune was that it was sold out to B of A. The biggest crooks next to big oil.

Technically the owner is still the legal owner up until the house goes to sale at an auction. then from there, if there are people sitll liveing in the home, the evictions process begins. tenants have 90 days notice to quit, after the 90 days, if tenants are still in possession of said property, a complaint is filed with the court to obtain a hearing date. at the hearing date, the attorney for the bank will go in with a writ of restitution to obtain a lockout date. if no one (on the defendants side) shows up, the judge will usually sign an immediate writ. if someone shows up and asks for more time, the judge will usually give more time.

also note, that the agent for the bank may offer a Cash for Keys Relocation Assistance. this is when the bank offers you a certain amount of money to move out by a certain amount of time. lets say for example they'll give you $2000 to move out in 30 days. and you basically have to leave the home in broom swept condition.

But anyways back to you paying your rent, if you don't pay your rent to him, and you know he's in default, you still have to pay rent to him because he is still the owner of the home. if you fail to pay rents, he can summary evict you for non-payment of rent. which usually takes like 3-4 weeks to be complete.

-Evictions Department Assistant

This is what I have been told...... Sorry, it's hard for me to explain, but I hope you can get the basics of it, SCAM!!
The government is PAYING banks to "consider" people for the remodification programs. Not Approve, just consider! BofA has created ReconTrust Company, N.A. a "WHOLLY OWNED" - subsidiary of Bank of America, N.A.. Bank of America, N.A. Member FDIC. Their own foreclosure company to do the dirty work. They foreclose on their own homes with their own company, show up at the foreclosure auctions and buy the house for the minimun 2/3 of the amt owed on the loan. So, they make money for "considering" people for remod, do the foreclosure, buy their own foreclosed homes from themselves, technically, from what I understand, making money on the whole deal!! Makes Me SICK!!!!

First of all are you in the state of Nevada? If so you can join me in m,y claas action law suit against ReCon Trust as they are not licensed in the st of Nv to do business and we are going to court for the first time on Febuary 7th here in Pahrump NV

I live in NV as well, and have also been hammered by ReconTrust. My co-worker just sent me the article regarding the halt on foreclosures at the moment from the LV Sun. I am going through mediation at the end of February. And find this news totally fascinating. I really hope someone sticks it to BofA. They deserve everything they get.

I assist a legal researcher with computer work who has created several documents to stop the foreclosures by ReconTrust, Wells Fargo, BofA, Chase Etc, what a scam on Americans. its sick whats going on and how much business we get. So far its working.

It's good to know that

I am also a Country Wide Home Loans predatory lending victim and if you read your paper work from closing which they told me not to read through everything or I would be there all day and night. Being a first time homebuyer and the title company had an attorney there, I did not read as they turned to signature pages and asked me to sign here and here and here. You get it. What I did not know is that they did not have my correct income status, yes the broker fudged the numbers without my knowledge and committed wire fraud as well. Nothing has been done, even though I filed my complaint with the Attorney General's Office in the State of Illinois. They sued and received 8.6 billion and the homeowners are still sitting here waiting for the sheriff's department to kick us out.
After reading this you will know exactly how sick I am over this, after they sock me with 9.1 % interest on my good faith estimate and knowing that I had less than perfect credit I did say to much, I was told that I could refi after 6 months, no big deal right. Well I get to closing and the interest went up to 12%. Predatory Lending ... For a 156,514.44 Loan, they want me to give them in the end 586,563.78. There was no real possibility for me to refinance, I can't even get them to modify me and I was only behind one payment which was 1,629.32. If it were at 4.5% my payments would not be over $900. I have not had one lawyer who wants to stand up for us, why is that? Are they being paid off, I can't find anyone person who has not said that there was wrong doing here, but where are you to go for help in getting something done about this. If we were to go into a bank and rob them, we would spend most of the rest of lives in jail as punishment. The banks got bailed out and fined but where do we get justice for them tearing our lives apart. I am now on medication for anxiety and depression. Lost my job due to the crash of the economy and then my suv which was almost paid for. It never ends, they caused this whole economic downfall and they get away with it.
Anyone with advice please email me, all support is welcome.
Posting your email address in the open forum is against the TOS, therefore it has been removed. Shazzers.

I know this is a late comment but our home was sold in an auction last June 2010, through Recon Trust. If you or anyone has any advise we would surely appreciate it. As we are still in our home, and are Not LEAVING OUR HOME!!
Thank you,
Sammie
please email me at hstephananie@gmail.com

THANK YOU