Back in 2007 we closed a loan with Taylor Bean & Whitaker, we were required to escrow the insurance and property taxes into the loan and was given a payment of $618.00. That was fine the taxes had been paid for 07' and 08' but not to our knowledge til today. About a year after we got our loan, Bank of America bought it. then we got a bill for $750 saying we were short in our escrow amount and it had to be made up, so after paying that bill we agreed to a $652.00 payment a month to make up the shortage. We have done that for about 1.5 years now and at the first of 2011 our Jan bill was up to $667.00. I called again as to why it went up again. Guess what, ? we were short in our escrow amount AGAIN! How did that happen? They said that our taxes were more than they thought when they gave us the loan back in 07' and that they had went up.. I called our tax department and inquired about the previous years taxes and the amounts...thats when I learned that 07' and 08' had been paid by the sellers...but remember we have been paying for taxes since we got the loan in 07' and that our taxes have not went up..and that the amount that we are paying is what is showing on the bill that it is supposed to be...so my big question is where is our money going? and who do I need to contact to get our payment back down to the original amount of $618.? any suggestions would be greatly [email protected]

In March of 2010, I was paying my bills on time, I was struggling to do this and often borrowing from my adult daughters to get me through the months but I was doing it. Then I decided to see if I am eligible for Make Homes Affordable Loan Modifcation Program (HAMP) that the President has pumped money into banks laps so they can do this to help people like me. It turns out, I am eligible. I turned in all of the required paperwork on time. Everything is going like plan. I am "in Review" still. It is almost July. The problem? Other than the ridiculous wait? As soon as they took my application they established an escrow account for my property taxes (that were not delinquent..I never approved the escrow account outside of the loan modification and I wasn't even notified it was going to be done). So this significantly RAISED my house payment. For April, and May, and June and now July. I needed it lowered. I was barely making my bills before I called. Raising my house payment was the straw that broke the camel's back. Bank of America told me I had to pay the full amount...my original payment and teh escrow payment or I would be pulled from the Make Homes Affordable program.

Even my daughters couldn't bail me out of this financial mess, so I missed credit card payments. They charged late charges, added penalty interest rates, doubled payments...now there is no way I can pay them. I called Consumer Credit Counseling and they say the only option considering my housing expense is so high is to go bankrupt. I just can't believe this is happening. I called Bank of America for help. The website says "the sooner you call - the sooner we can help" and at the time I was still treading water and doing okay. Bills were paid. I was eating and able to buy all off my prescription meds. Now, four months later, even though I am eligible for the loan modification - I have a higher house payment, my credit cards aren't paid, I have to pick and choose which prescriptios I buy because I can't afford them all. I feel like I am in the Twighlight Zone. Where's Rod Sterling when you need him? I want him to come out so this episode of bizzare events will end.

This is what American banks have done to America...in President Obama's name. I doubt he would be happy.