- Last weekend an open house was held at our former home at 1502 Glorietta Blvd. The Broker, representing Bank of America is asking less than $1.9 mm for this beautiful property. We bought the home in 1996 and rebuilt it in 2004-2005. When we refinanced in 2006 our home was appraised at more than $3.7 mm. We had mortgages with Countrywide, subsequently acquired by Bank of America.My husband was diagnosed with stage 4 tongue and neck cancer in March 2009 and later in the year with very aggressive prostate cancer. Fighting health issues and a slumping economy, his income was reduced dramatically. We sought to restructure our loans with Bank of America. We also sought to sell our home for cost. As the housing market continued to slump, it became obvious that we would be forced to seek a “short sale” with the able assistance of our local broker.
Similar Posts:
- Bank of America’s $40 Billion Lesson
- Short Sales Are Targets For Mortgage Fraud
- Bank of America Pays $8.5 Billion Mortgage Settlement
- Fighting Wrongful Foreclosures
- The Best Car Loans when Dealing with Bad Credit
