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
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 He's already paying 9.5% on a loan originally made by Countrywide.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
Where Millennials are buying homes Here are the top 10 markets where Millennials represented large shares of mortgages, according to Realtor.com More
Ralph Lauren's many looks A look at his brands and iconic creations More
8 biggest job killing companies of 2015 Whole Foods became the latest corporate giant to lay off workers. Here's a look at the companies that have announced the most jobs cuts this year. More

Special Offer