I may be getting forclosed on by Bank of America because Bank of America Mortgage is not posting payments or they are posting payments ten to twenty days after they get them. I made a repayment plan with Bank of America in Januaty 2011. I was to pay $900.00 by 1-25-11, and I was to pay $1040.00 by the 25th for February through July 2011. I made an allotment. In the end of February, I called because by payment from 2-18-2011 was not posted. I was told that they were behind on posting and not to worry. On March 7th, Bank of America posted my 3-4-2011 payment. Where was my Feb 18 2011 payment? I called. I have this paymejnt set in an allotment. A treasury check is sent to this company. It will be 60 days before I can get a copy of the cleared check. Although they got my March4 2011 payment, they did not post my March 18 2011 payment.

I think this is a conspiracy and common practice of this company. On March 26, 2011 I had stopped the allotment and set up for my April 15 2011 payment. They charged me $20.00 fee to be taken on 4-15-2011. They took it on Monday 3-28-2011. So they have to hold my $1040.00 and run it on 4-15-2011.

This company does not care. I now have to look for a Mortgage attorney to help me with this mess. All because Bank of America is paying with payments. If anyone is having this same problem, let me know at [email protected]

My loan was transferred to Bank of America when it acquired Countrywide. I signed up for a payment plan whereas I am paying each week of the year and along with the posting on a weekly basis I would gain a total of about 9 years. When I reviewed my statement on line I saw that even tough I am still paying weekly the posting is now done monthly. Not once was I ever told by letter of this change due to the fact that BOA system does not post weekly but monthly, so of course it took me 34 minutes on the phone to make them tell me that, and that nothing they can help me with. I feel ripped off especially since I was not given the choice to change to another lender and the fact that no letter went out spelling out this change. I am wondering if this is ground for a class action lawsuit as I am sure many americans are in the same situation. The money sits in a non bearing money account and they want me to believe that they are not using my and others schmokes like me accross the country and play with it for a month before it is posted! I would love to hear feedback if this web site offers it