Our Foreclosure Story Ended Happily because of Martin Andelman and Bank of America

I want to tell you about my experience so that your story might end like mine did.

Our nightmare began when I got laid off of my job in Human Resources. My husband and I had bought our first house a couple years prior and never anticipated being a one-income family. Then my husband was forced to take a pay cut with the weakening economy and budget cuts and we began to struggle to make ends meet.

We applied for a loan modification with Bank of America and went through the cycle of submitting paperwork for about a year before being denied for not having enough income. Truthfully, we knew the bank was right and we had been told as much by others we had consulted with. With only one income and with my husband working fewer hours, we just didn't have enough income to support our loan. It was a sad realization for us because our kids had been born in the home so it was the only home they had ever known, but we knew we'd soon have to face the reality that we would lose our home to foreclosure.

Then Bank of America said we could reapply for an in-house modification. We knew they were only letting us reapply to give us more time before we'd have to move, but we were thrilled anyway. The school year was about to end, and we figured by reapplying, we'd be able to buy ourselves another three months or so and that would give us the summer to save up money and find a place to rent without shocking our two young children.''