The big banks are stealing homes so they can fill their pockets up, give large bonus to their executives employees that know how to steal money from americans.
10 REASONS HOW BANK OF AMERICA ARE PLAYING GAMES WITH AMERICANS. I have analyzed Bank of America how they do business with distressed and depressed home owners in desperate need for help.
1 They drain you completely dry, turning you down on loan modifications several times hoping you will default after a period of 2 ½ years or sooner.
2 If you keep paying your mortgage note on time after applying for least three more applications for that loan they will advise you will have to be at least three months behind on your mortgage payments to qualify for a loan modification.
5 Almost immediately they report any late fees to all the credit bureaus hoping it will destroy your credit so that you have no choice accept to sign your affordable loan modification documents. Everything is in their favor after screwing you on your loan and then the Government also pays them.
4 OK as soon as you do that then they send you your approval on the loan modification adding more monies (late Interest) to your principal, increase you escrow monies and losing your principal that should have been decreased from your total mortgage balance.
5 If you decide not to accept the trial period and pay your regular note instead, the decreased note that they set up. They report that to the credit bureau claiming you accepted a lower payment for your loan. Even though you did not accept this.
6 Now after receiving the new loan modification packet they will call you several times a day when are you going to sign that document. Even though it has major errors on the document, they advise you, you must sign this document or no deal. They claim there are no errors and they show they never received one or more payments that you paid on your mortgage.
7 Ok now you have not signed anything, you never accepted the trial period and rejected the loan modification due to their errors with a certified letter and also by Faxing to the retention department. So in the mean time now you’re receiving harassment calls from a call center 3 times a day including Sundays and more than likely it is from Arkansas.
8 After sending them a letter or fax this will serve as your legal notice under provisions of Federal Law, the Fair Debt Collection Practices Act (FDCPA) found under Section 1292 (c), to cease and desist from all telephone communication with myself in regards to the alleged Mortgage accounts that your Company is attempting to collect. Remember you are now caught up and never were but one payment behind but they reported to the credit bureaus you are 4 months behind. So anything over 1 month you will not qualify for a refinance of any kind such as HARP 1 OR HARP 2.
9 OK now they have stopped harassing you over the telephone even though you were not behind on your note. So now they harass you on the internet advising you have not made payment for that month but it shows plain as day on their internet you paid up with your bank bill pay confirmation.
10 Ok it’s not over yet. Now you have received a letter from Bank of America that your loan modification has been canceled for ever.in this same letter their trying to steal your home by offering a FORBEARANCE PROGRAM, DEED IN LIEU, AND THE FANNIE MAE DEED-FOR-LEASE PROGRAM. Also in that same letter they are advising you to call them with in 30 days to discuss other options to avoid foreclosure.
They claim they will be sending you papers for foreclosure/eviction notices.
All this is true because this is happening to me now. I expect an eviction notice with in 14 days from todays date. I also sent a letter to the CEO of Bank of America Mr. Brian T. Moynihan. That was another joke. A collection/complaint center retrieved his E Mail and called me. They tried to blame everything on me and claim they can’t do anything about it. But the BULL DOG I am, I got her to confess to me that Bank of America was advising people to be late on their mortgage notes to qualify for an Affordable Loan Modification and also she admitted there were errors on my loan modification document. You know she doesn’t know if I recorded her or not. I will never tell. Now I am back where I was three years ago but I pissed them off and no telling what will happen now. Paying the same note but they increased my payment $5.00 a month for escrow. I have a terrible feeling that my ass is grass. But I have two lawyer friends I went to college with and one of them is a Judge. Looks like the Judges are now starting to realize that Americans are miss treated poorly by our Big Banks. We the people will stop this one day with our vote.
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