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BofA Threatens Foreclosure On Elderly Couple Who Paid Mortgage Early

Bank of America may want to re-check its books before it starts throwing elderly people out on the streets. ABC News reports that the bank made a mistake earlier this year, by initiating the foreclosure process on an elderly couple that had the audacity to submit a mortgage payment a week early. Late last year, the Florida couple, Sharon Bullington, 70, and her 78-year-old terminally ill husband, were forced, due to mounting health care bills, to apply for mortgage relief under the federal Home Affordable Modification Program (HAMP). After receiving approval for the application, Sharon sent in her first check (for January's rent) for the adjusted amount on December 23, 2010. This, apparently, set off Bank of America's powers-that-be. Official HAMP guidelines dictate that the Bullingtons should have technically made their first adjusted payment on January 1, 2011, and, "by not making January's payment on January 1st, the Bullingtons had failed to comply with HAMP's terms."

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