Sunday, September 27, 2009 was a beautiful sun drenched day in Northern California. It was 98 degrees. No clouds in the sky. A breeze whipping off of the Bay. Couldn’t possibly get any better than that. I pick up a newspaper that I would normally throw in the trash and open it up to read what’s inside. I start reading a story about a Bay Area California family whose son requires both a kidney transplant and a heart transplant. But the real news was that Bank of America wants them to pay their mortgage or get out of their house.
The story is the same all over. Bank of America receives billions of dollars in help from the United States and turns around and forces the consumer to pay or get out of their home even if they legitimately cannot pay. This should be considered a crime in America. The big corporation wins and extorts the consumer like a pimp does to a prostitute. There is literally no difference at all.
Elizabeth and Mark Tanner live in Brentwood, California. They are the proud parents of 4 kids. Their youngest son, Aaron Tanner at the age of 4, requires both a heart transplant and a kidney transplant. Bank of America could care less. Like the rest of America, the Tanner’s have had difficulties paying a high mortgage payment based upon a valuation of their home from years ago when Bay Area home values averaged over $600,000.
Aaron Tanner requires a heart and kidney transplant
Mark and Elizabeth Tanner had the mortgage reduced to a payment that they could afford while battling through their sons illness. But what they didn’t factor in was the property taxes that are now in arrears in an amount that exceeds $20,000. Bank of America says that the couple must pay them or get foreclosed on. What a bank! They really love their customers!
When the Tanners first got their mortgage re-modified last year through Bank of America, their property taxes were not factored into the monthly payment. Many customers have their property taxes put into an escrow account and paid every month with the mortgage. But because the initial mortgage payments were rolled into the initial loan re-modification and not due for six months, the Tanners were unaware of the situation and continued to pay the re-modified mortgage amount of $2,900.
They found out that they were in arrears at a rate of $4,000 per month according to Bank of America. The bank sent them a letter stating that unless they pay in full, they will be foreclosed on. This comes at a time when their son is in desperate need of the heart and kidney transplant. To worry about losing their home during this difficult time is enough to drive anyone crazy.
To find out more about the Tanner’s situation you can visit the site about little Aaron Tanner at Save A Broken Heart.
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