Bank of America Continuing their Fraud Tactics

Don't forget the problem we have had from activities from 2005 until everything went haywire in 2008 with one of the largest mortgage companies in America, The Bank of America.  They were instrumental to the failing of our economy, people loosing their homes due to non response to their customers, tagging huge fines on homeowners and literally taking homes back from even those who were current on their payments.

Although the BofA paid our government millions of dollars in paybacks, many of those who were affected did not receive any benefits from that money.  After the BofA paid this money it seems that the subject and attention was taken away from the BofA.  However, the bank continues to fail in customer communications by failing to return calls, trailing the caller from one person to another, ignore written communication and fails to answer inquiries from lawyers.  They have not changed in their mode of service nor have sharpened their loan policies.

I hear and read story after story of people who felt that they were given proper information before a new mortgage loan (I ask why would anyone go to BofA?) trusted the loan officer and had huge difficulties from the signing of their new mortgage loan.

I ask that you out there in America land, continue to ban this bank, remove your accounts and take them elsewhere, do not even attempt to get a mortgage loan or any other loan from this company.

Here are some samples of continual Fraud:

"Going into the loan application process we were VERY clear about what we could comfortably afford and said repeatedly that if those parameters would not work, to let us know and we would back out. We wanted to make certain we didn't take on something we could not afford and end up in foreclosure. We were told over and over by the loan officer that we were fine. Even when we received summaries that showed figures MUCH higher than our max agreed amount, we were assured many times that our loan officer was still "working the numbers". So taking her at her word we released our contingencies and moved forward. Then our escrow process went 30 days over, resulting in our living in a hotel as we had already given up our rental home based upon our contracted escrow closing date. I am told this can happen and was assured by the manager of our loan officer that we would be reimbursed for our expenses for having to stay at a hotel. So we made the best of a bad situation (2 young homeschooled kids, 2 large dogs, and 2 cats in a hotel room for any amount of time is NOT pleasant) and waited it out. The day before escrow finally closed we again contacted our loan officer to get our final numbers and were told she didnt have them in front of her but not to worry, they were what we wanted. So we went to sign our escrow docs. That was when we found out that our total monthly payment was $800 higher per month than our max agreed amount. "  Jan 2013

"B of A was supposed to do a forebearance or loan modification, at the same time a different office was handling the foreclosure. They sent foreclosure papers to court, without even finishing the loan modification. We were smart enough to figure out how to file a response to their foreclosure and stop it dead in its tracks, "in pro per". Next thing we know, we get a paper from B of A stating that they are no longer handling our case.. and they tacked the attorney and court fees on the loan for this next company that is taking it over. Their names are NationStar Mortgage." Dec 15, 2012

After one year of continual fighting and attempts of communication with BofA "So I finally called BofA and laid it all out on the line, that I was now aware that this process was a proven pattern of fraud, that I would fight them tooth and nail until the last possible moment and that I would rather see the house burn than allow their fraudulent actions lead to it's repossession. I said I would not accept anything less than an immediate modification as agreed and that I reserved the right to seek legal action in the future to recoup my other substantial related losses. Once I made my position clear it is almost as if the time to continue to defraud us was no longer worth it because we were magically approved for a modification 3 days later, after never submitting new paperwork. While it has not yet been finalized, we have expressly complied with the terms thus far and I am hopeful it is a step in the right direction. While we may never recoup all that we have lost, I am sharing this with the hope that someone else might read it and not become their next victim"

These are only a few of what I have been hearing.
Don't forget the crimes of B of A.

The Truth About Fraud and Bank of America Foreclosure

This video is spoken by Florida congressman Alan Grayson. He provides examples of the frauds and explains how the fraud works in true life events. He speaks against the power of the banks over the power of the people. He talks about robo-signers, false signatures, 60% of the U.S. mortgages are processed through the Bank of America. Courts have refused to believe that the robo-signers exist. He shows examples of the forged signatures. Factories of Fraud. The banks makes their money from foreclosures, not customers services; that is a $6,000 dollar profit.

Fight Foreclosure - Demand The Banks Produce The Note!

Homeowner vs Bank of America: No Deed No Debt

The Movement:  Occupy Wall St.
Resources:
Occupy Together
Twitter: @occupywallst

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Bank of America recorded call regarding foreclosure Part 2 of 2

Bank of America recorded call regarding foreclosure Part 1 of 2

Making Sense of the Bank of America Mortgage Fraud and Negotiations

Susan Brannon
5 August 2011

Shahien Nasiripour reported in the Huffington Post that a side deal is being made during the Bank of America Fraud Negotiations with Federal and state prosecutors.  The article states that “in pursuit of a settlement that would forgive the bank for a broad range of past mortgage abuses in exchange for fines that would finance a significantly expanded relief program for struggling homeowners, according to three people with direct knowledge of the matter.”  The situation outraged me, even though; I have not been affected in the banks fraud disaster that affected millions of American’s leaving a ripple effect on our economy. The act of “forgiveness” for this crime should not even be a thought in any persons mind, it should not be a consideration, and it should not even be in print.

Do we really think that they “would finance a significantly expanded relief program for struggling homeowners?” What about the 6.8 million foreclosed homes and another estimated 7.4 million homes that are estimated to be foreclosed in the near future,? Of which 85% has been processed illegally with forged or fraudulent documents.

What about the new homeless; the middle class homeless? Reports state that there has been a 32% increase in homelessness since the foreclosures leaving 3.5 million Americans homeless either living in the streets or in shelters, 50% of those are children. 
A director of a shelter in California stated that two-thirds of the people that walk in his doors are homeless for the first time. 

There are separate negotiations going on with J.P. Morgan Chase, Bank of America, Wells Fargo, Citigroup, and Ally Financial (formerly known as GMAC.  The fund is “The National Compensation Fund” for bank foreclosure victims to compensate homeowners who may have been illegally foreclosed upon by banks and other lenders.  Would I trust another “fund” for this process?  My answer is clearly no, considering the lack of responsible filing of paperwork and corporate organization that created this mess.

The fund is designed “to help the lenders to avoid lengthy and costly court cases and help stabilize the housing industry by removing the current foreclosure freeze.”  How would that stabilize the housing industry?  Removing the freeze would only create more foreclosures and more money to put into investors pockets, more homeless without a pillow under their head.

Moreover, it’s supposed to help clear up the congestion of court cases “clogging the judicial system in all 50 states and downscale any future lawsuits involving foreclosure fraud.  The current judicial system isn’t set up to properly adjudicate the massive amount of foreclosures that are occurring nationwide.”  The Housing Forum http://thehousingforum.com  This seems like the “Fund” is more concerned about reducing the cost for the lenders and the judicial system.  The banks quickly agree to a fund, because it will deter lawsuits from the homeowners.  How did the BP gulf oil spill fund work out, was anything really taken care of, has anyone been helped?

The Washington Post  states that “the people” are having settlement negotiations with “some” states over the foreclosures away from a larger group of state and federal officials.  However, “the people” do not want to be identified because the talks are not public.  This is another way to avoid mass protests on their doorstep and avoid the mainstream media from interfering with the settlement process. In fact, not making the negotiation process public and not including any of the millions of men, women and children in the process is simply telling the citizens of America, that they are not clients but an easy target to scam and make profits from.
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Satellite View of current Foreclosures

Recent Articles:
Tainted Water
Debt Plan Fact Sheet
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Satellite View of Foreclosures
American Struggling Middle Class (Video)
Global Confidence in Economy Collapses 
Crime Against Humanity
Which Countries Have the Most Days Off?