subject: An Ugly Story Foreclosing Operations Of Bank Of America [print this page] This is the ugly story of the foreclosing operations of Bank of America. The real life story focuses on Dirma Rodriguez who has been making payments on her housing loan that has been modified especially for her gravely disabled daughter. How could the house be taken away from her by the bank?
Dirma had been given five minutes to pack up and exit from her house in West Adams. She had been living here with her child for last 25 years. While her daughter sat in the car crying and screaming, Dirma ran back and forth gathering up her goods and chattels. Her messy story is a common one in this foreclosure age.
To retrofit the house, Dirma took a loan to address the special requirements of her daughter. When she lagged behind on her payments the bank modified the mortgage but surprisingly sold of the house at an auction. The new owner, El Segundo, a flipper of properties contacted West Ridge Rentals to proceed with eviction of Dirma and her family.
Dirmas cause was taken up by a branch of the Occupy moment Occupy Fights Foreclosure. It stepped in to stop the eviction on 26th March this year; probably the move has put brakes on the house vanishing for good. BofA now said that it considering loan modification steps so as to return the property to Dirma.
How did this happen when BofA took $45 billion from the bailout funds the money coming from the taxpayers. Why could not the bank have been considerate twards the widow who was already fighting other battles to survive?
Speaking in Spanish through one of the Occupy activists Dirma said, I would pray to God the executives from Bank of America would come over here and see what I have to deal with. Her daughter Ortiz, suffering from cerebral palsy cannot speak; she has a weak vision and can walk only with leg braces- it being easier for her slide along her knees. She often resorts to crying and wailing.
Dirma keeps the customized house spick and span with sparkling tiles so that Ortiz and move with ease. In summer a part of the garden is covered with a blanket so that she can enjoy the sun and the rose bushes. It cannot be imagine that Dirma would spend her loan money on luxury cruises or to find another house meeting the specifications of Ortizs requirements.
The bank is not lacking in arguments to justify its measures but if such happenings had not been common perhaps one could have lent the bank an ear.
