Updated: August 10, 2010

Edda Lopez was in the fight of her life with Bank of America. Today, we are happy to say that Edda was able to save her home!

In 2009, Edda entered into an agreement with her mortgage company at the time, Wilshire. She qualified for a federal program, the Home Affordable Modification Program, and locked in her monthly payment at $2100/mo. Or, at least she thought.

Unfortunately, as soon as Bank of America took over the servicing of her mortgage, they reneged on this agreement, and increased her payments to $3100/mo. When Edda called Bank of America to find out why her payments had increased, she was told that her home was already in foreclosure and set to auction in the next three weeks.

It is difficult to interpret Bank of America’s decision as being anything other than willfully cruel. Ms. Lopez is a disabled widow who nonetheless complied with her agreed-upon mortgage amount, and is now facing homelessness after living in her home since 1996.

In June, in front of Bank of America Tower in New York, Edda was joined by clergy, community members and Renee Lee, SEIU member a homeowner from California with a strikingly similar story.

Together they called on Bank of America to modify their loans and implement effective foreclosure prevention for millions of others who face foreclosure from Bank of America.

Read the NY Daily News article: Bank of America still does not know how to do the right thing

Watch video from the vigil:

“Coast to coast, we’ve seen that Bank of America is bad for America,” said Pastor Doug Cunningham of New Day United Methodist Church and the Northwest Bronx Community and Clergy Coalition “Bank of America needs to listen to the growing number of people calling for Bank of America to start being good for America. As people of faith, we will continue to stand with Edda, Renee, and all of our sisters and brothers who continue to suffer because of the greed of Wall Street banks like Bank of America until we win the justice we deserve.”

Edda and her family are still looking for a solution from Bank of America. Bank of America did reach out to Edda Lopez and her attorney the night before the vigil. We’re waiting for word that there is a viable offer for Edda and continue to push for a solution for the 1.1 million American families just like her.