8 of 8
BACKNEXT
Jeffrey Huegel, Auburndale, Fla. - Runaround
Huegel is racing to get a loan modification under the president's plan before his mortgage rate adjusts again in July. He's already paying 9.5% on a loan originally made by Countrywide.

Facing hefty medical bills from surgery and the loss of his overtime, Huegel fell two months behind in payments. He called in March and twice sent in hardship letters to Bank of America, which bought Countrywide. All he's gotten in response was a letter saying that if he didn't catch up with his payments, including late fees, he would fall into foreclosure.

"It's been two months of calling them, getting different people every time I call," said Huegel, who works as a corrections officer. "It's been nothing but a runaround. They just don't care. Rather than let me stay in my home at an affordable interest rate, the bank would rather foreclose and receive nothing. I guess it's better just to let them foreclose because I am fighting a losing battle trying to stay."

A Bank of America spokeswoman said the servicer is reviewing Huegel's case to see whether he qualifies for a modification.

More galleries

Last updated July 06 2009: 3:05 PM ET
Email | Print | Share  |  RSS
 
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)
More Galleries
Graffiti about Greek crisis fills Athens' streets Artists are taking to the streets to express their views on the Greek crisis. More
My whirlwind 24 hours in Taiwan as a bridal supermodel Unlike the West, Taiwanese brides-to-be sit for hun sha ?? photo sessions before their actual wedding day. The photos are seen as a status symbol as well as a way to capture the brides' youth and glamor. More
8 startups that'll make your travel experience so much better Here are the new travel apps and services that will make trips easier, less time-consuming, and more fun for the every day business traveler. More

Special Offer