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.
Kevin Robers
Sub: #2 Has anyone received the loan modifications with in the Attorney Tue, 08/31/2010 - 05:35
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.
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.
Snithie
Sub: #4 Been renting a room in a house that I just found out is in defauWed, 10/06/2010 - 08:05
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?
I am not an attorney. I am not offering legal advice. The information and ideas I share are my opinion only and do not necessarily reflect the opinion(s) of the owners of this website.
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.
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.
Rich and Dee
Sub: #7 Was in a trial modification program with bofa then after 11 montSat, 11/06/2010 - 19:25
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.
Unregistered
Sub: #8 Technically the owner is still the legal owner up until the housThu, 11/18/2010 - 08:37
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
BofA Greedy F's
Sub: #9 This is what I have been told...... Sorry, it's hard for me to eSun, 12/12/2010 - 05:21
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!!!!
Unregistered
Sub: #10 First of all are you in the state of Nevada? If so you can join Thu, 01/13/2011 - 15:53
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
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Posts: 518
Credits: 5444.35 Send message to OVLG Attorney
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.
Quote:
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?
Debt Samaritan
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Do you have a lease?
I am not an attorney. I am not offering legal advice. The information and ideas I share are my opinion only and do not necessarily reflect the opinion(s) of the owners of this website.
Debt Samaritan
Posts: 350
Credits: 5769.45 Send message to Lizzie1014
Quote:
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
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