To: BRIAN T. MOYNIHAN, CEO OF BANK OF AMERICA
BANK OF AMERICA DON'T EVICT OUR FAMILY OF FIVE
Home Defenders League
Bank of America - Do Not Evict Gisele Mata and her family. Provide a Fair Loan Modification instead of putting people out on the street!
Why is this important?
We bought our home in Whittier, CA in 2002. The financial hardships for our family of five first began in 2009. The company my husband worked for was downsizing, and he was laid off. He was able to find a new job in 2010, but in a sub-driver position averaging less than 30 hours per month. Soon after that I lost my job as well, and was unable to find a new one that paid the same amount as my previous position.
We tried hard to make ends meet for as long as possible. In 2011, when we could no longer make the mortgage payments for our home in California, my husband and I both cashed out our 401K retirement plans in order to stay current. In November of that year, my husband was offered a new position making significantly less money per hour. We were left with no other options- he needed a full time position, so he took the job.
By 2012, when it finally became clear that we were underemployed, we contacted Bank of America to try and obtain a loan modification. We've been getting the runaround from the bank ever since. We have sent in four different loan modification packages, hopeful for a solution each time, only to be let down or asked to start the process all over again. Each time we felt like we were getting somewhere, we were assigned a new representative by Bank of America, putting us right back where we started.
Our home means stability for our three children. Our oldest daughter is now working and contributing towards the mortgage. With three incomes in our household we are able to make our payments, but we need Bank of America to approve an affordable loan modification. We work hard and are asking Bank of America to work with us to keep our family together in the only home our three kids have ever known.
We tried hard to make ends meet for as long as possible. In 2011, when we could no longer make the mortgage payments for our home in California, my husband and I both cashed out our 401K retirement plans in order to stay current. In November of that year, my husband was offered a new position making significantly less money per hour. We were left with no other options- he needed a full time position, so he took the job.
By 2012, when it finally became clear that we were underemployed, we contacted Bank of America to try and obtain a loan modification. We've been getting the runaround from the bank ever since. We have sent in four different loan modification packages, hopeful for a solution each time, only to be let down or asked to start the process all over again. Each time we felt like we were getting somewhere, we were assigned a new representative by Bank of America, putting us right back where we started.
Our home means stability for our three children. Our oldest daughter is now working and contributing towards the mortgage. With three incomes in our household we are able to make our payments, but we need Bank of America to approve an affordable loan modification. We work hard and are asking Bank of America to work with us to keep our family together in the only home our three kids have ever known.