Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

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 He's already paying 9.5% on a loan originally made by Countrywide.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
How to enjoy Paris like a local Leave the tourist trail behind and enjoy wine, gastronomy, perfume, art, dance like a Parisian. More
Playboy founder Hugh Hefner through the years Cultural icon Hugh Hefner pushed barriers with his controversial Playboy magazine. He died at the age of 91. More
5 innovators: How we deal with stress The founders of companies like Allbirds, Robinhood and Paperless Post talk about how they deal with stress. More

Special Offer