Home > Avid Law Center, Foreclosure, Loan Restructuring > Foreclosure Story: Widow’s loan mod denied

Foreclosure Story: Widow’s loan mod denied

Phoenix homeowner, June Geffre, lost her husband Tom to pancreatic cancer in November 2009. Months before he died, he applied for, and was granted, a loan modification under the Home Affordable Modification Program. Geffre said a permanent modification was granted shortly after he passed away – but she’s run into all sorts of problems because her dead husband never got to sign the papers.

After paying as was instructed by the new terms on the temporary modification, a bank representative told Geffre she was paying the wrong amount and was now in default.

Federal law allows her to assume the mortgage so she can stay in her home but Bank of America, her lender, has refused to acknowledge receipt of the death certificate.

Geffre is taking this issue to court with assistance from Arizona State University’s Homeowner Advocacy Unit and other community agencies

Check out the full segment here: http://www.kpho.com/story/16203972/widow-bank-wont-honor-loan-mod-after-husband-died

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