Bank of America was willing to trade his adjustable-rate mortgage, carrying a 9.5% interest rate, to another loan with a much lower rate. His monthly payments dropped to $622 a month, from $1,200.
Though he applied for the Obama foreclosure rescue plan, he received a different type of modification. Bank of America says it put him into a two-year, interest-only mortgage with a 5.375% rate. After his loan adjusts, he will pay $844 a month.
Huegel, a sheriff's deputy, had fallen behind in his payments after facing hefty medical bills and a loss of overtime. He said the bank - which took over his loan when it bought his original lender, Countrywide - started threatening him with foreclosure.
With his new mortgage, Huegel is able to make his payments on time.
"I can stay in my house and not have to worry about going into foreclosure," he said.
Bank of America said it will review Huegel's file to see why he was not placed in an Obama modification.
NEXT: Burt Carlson: Permanent fix
