Hi, everybody. My dh and I bought a house in 2010. Our mortgage was sold to BOA before the ink was even dry on the documents. We knew it was possible that it could be sold to another bank, but did not know it could happen right away and did not know how to opt out by not signing a certain document. Anyway, with all the bad stuff going on at BOA with them foreclosing on properties that should not be foreclosed on, we have been extra careful with making payments in person, getting a receipt with a time/date stamp on it, and keeping all paperwork organized. We don't want to be out of town one day and come home to our stuff on the front lawn and pets missing. Fast forward to a couple of weeks ago when we found out that the local BOA branch is becoming Arvest, but our mortgage is staying BOA. The closest other branch that is not going to become a BOA branch any time soon that we know of is over an hour away. We intentionally don't do automatic payment or any electronic payments with them. We don't trust them and want to deal with real people, in person, about our mortgage. Credit cards don't really matter from my point of view, but if someone doesn't do their job and records a payment wrong, you could lose your house due to no fault of your own. Our only choice, other than driving over an hour every month to the nearest branch, is to mail in payments. I feel really unsure about this, any way you look at it. We could look into refinancing with one of two credit unions, but do not have the money for closing costs, inspections, etc. Does mailing in payments to BOA work well? Do you have problems with BOA mortgage services?
Anyone Else Have Trouble With BOA?
March 2nd, 2013 at 10:22 pm
March 2nd, 2013 at 10:25 pm 1362263158
March 2nd, 2013 at 10:28 pm 1362263322
March 2nd, 2013 at 10:33 pm 1362263613
You might need to look into getting a different mortgage company...might save you, but might cost you too. You would have to run the numbers.
March 2nd, 2013 at 10:34 pm 1362263679
March 2nd, 2013 at 10:39 pm 1362263982
I would also pay online rather than mail a check. (Not because of B of A, but because mail is rife with so many problems).
I do not use B of A specifically, but what I do like about online banking is seeing immediately when payments hit. Which I suppose is the next best thing to going in person and getting an immediate receipt.
March 2nd, 2013 at 10:46 pm 1362264415
March 2nd, 2013 at 10:53 pm 1362264808
March 2nd, 2013 at 11:01 pm 1362265286
March 2nd, 2013 at 11:26 pm 1362266761
March 4th, 2013 at 02:08 pm 1362406116
March 5th, 2013 at 05:50 pm 1362505839
What kind of problems should I be looking for?