Struggle with bank drags on past a year
Joe and Dee Setzer, embroiled in a long battle with their lender to modify their mortgage, also narrowly avoided spending thousands with what state prosecutors say appear to be illegal foreclosure assistance firms.
The Iredell County couple considered paying $1,290 last September to a Florida firm advertising help with mortgage modifications. At the last minute, they backed out because she felt uneasy about the service.
More months passed as they implored Bank of America to lower their payments because their income had fallen. Their desperation grew. Last month, they almost signed a $1,500 contract with a man who recently relocated to North Carolina from New York and pitches help with mortgages.