- Posted November 27, 2012 by
Man Fights Foreclosure With Rap Video
- hhanks, CNN iReport producer
He hopes the video, which stars many of his neighbors, will garner enough attention to save his home and force banks to stop foreclosing on others.
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***Some additional info:
While Bank of America has offered to adjust Ennis' rate, he says the new rate is still too high. He wants BofA to give him a principal reduction.
In a written statement, BofA said, "Unfortunately, Mr. Ennis was not eligible for a principal reduction because his monthly mortgage payment was already below 25 percent of his monthly gross household income...We were, however, able to offer Mr. Ennis an affordable long term modification.”
Ennis says he has until December to accept the new rate, or face foreclosure.