In July 2012, Ruby Brown of Minneapolis received news from Bank of America that her home would not be foreclosed. Instead after an alleged five years of struggle, the bank agreed to modify the terms of the mortgage loan.

According to reports, Ms. Brown ran into financial trouble in 2007 when her adjustable rate mortgage (ARM) became too expensive for her. She was negotiating with Countrywide at the time and then Countrywide became part of Bank of America. After that, it is alleged that Ms. Brown spent months talking to loan servicers at Bank of America who would tell her that certain documents were missing to process her request.

In 2009, Ms. Brown allegedly thought the problem was taken care of when she enrolled in the federal government’s Making Home Affordable program. However, after making 12 payments to Bank of America, she reportedly received notification that she was not qualified for the Making Home Affordable program and that she owed the entire lump sum of late payments.

Ms. Brown has owned the duplex in question for 17 years. She resides on the second floor of the North Minneapolis duplex and relatives of hers reside on the first floor. She is reported to work as a hair stylist. She is also a mother, a grandmother of 16, and a deacon at her church.

Bank of America reports that they are pleased to have reached an agreement with Ms. Brown and the approximately 12,000 other Minnesota homeowners with whom they have reached loan modification agreements in recent years.

Our Minneapolis foreclosure lawyers wish Ms. Brown many more years of happiness in her home.